Economy MCQs Day 2 Questions

Economy Questions for 01/05/2018

 

1 Consider the following statement about Fiscal Deficit:

 

  1. Fiscal deficit is expressed as a percentage of the Nominal GDP of India
  2. Fiscal deficit allows for the shortfall in the income of the government to do welfare and development activities
 

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

2 Consider the following about Ways and Means Advances (WMAs):

 

  1. WMAs is given by RBI to Government of India and it requires collateral from the government
  2. WMAs are made at Repo Rate
 

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

3 Which of the following is not a step of Fiscal consolidation?

 

(A) A decrease in the government expenditure for welfare activity

(B) Disinvestment of loss-making PSUs

(C) Waving farmer s loan

(D) Decreasing subsidy on petroleum product

 

 

4 Which of the following committee recommended removing plan and non-plan classification of budget?

 

(A) Kothari Committee

(B) Rangarajan Committee

(C) Kelkar Committee

(D) Tendulkar committee

 

5 Consider the statements about Zero Based Budgeting:

 

  1. IN ZBB projects are appraised every year as they are a new project
  2. The objective of ZBB is to deploy the government s resource efficiently
 

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

6 Consider the following statements about Repo Rate:

 

  1. An increase in Repo rate decreases liquidity in the economy
  2. An increase in Repo rate increase inflation in the economy

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

7 Which of the following tools are used by Central Bank to achieve Monetary Policy ends?

 

  1. Open Market Operations
  2. Reserve Ratios
  3. Moral Suasion
  4. Bank Rate
 

Choose the answer from the following code:

(A) Only 1and 4

(B) Only 1, 2 and 4

(C) Only 2 and 3

(D) All the above

8 Consider the following statements:

 

  1. Effective revenue deficit is revenue deficit minus grants to states for the creation of capital assets
  2. Primary Deficit is measured by fiscal deficit minus interest payments
  3. Revenue Deficit is the difference between the total expenditure and revenue receipts plus non-debt capital receipts
 

Choose the correct answer from the following code:

 

(A) 1 and 2 only

(B) 2 and 3 only

(C) 1 and 3 only

(D) 1,2 and 3

 

 

9 Consider the following statement about Statutory Liquid Ratio

  1. The lower and upper limit of SLR is fixed in the Indian economy
  2. SLR is regulated under the RBI act 1934 only
 

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

10 Consider the statements about Monetary policy committee

  1. MPC is a statutory body under the banking regulation act of 1949
  2. MPC is headed by the Governor of RBI
 

Choose the answer from the following code:

(A) Only 1

(B) Only 2

(C) Both 1and 2

(D) None of the above

 

11 Consider the following statements regarding Asian development bank:

 

  1. It is headquartered in Beijing, China
  2. It provides finance to both sovereign countries as well as to the private parties
  3. Japan and China are its major donors
 

Choose the correct answer from the following code:

 

(A) 1 and 2 only

(B) 2 only

(C) 1 and 3 only

(D) 1,2 and 3

 

 

12 Consider the following statements related to International criminal court:

 

  1. It was created by the Rome Statute
  2. India has signed but not ratified the Rome Statute
 

Choose the correct answer from the following code:

 

(A) 1 only

(B) 2 only

(C) Both 1 and 2

(D) Neither 1 nor 2

 

 

13 Consider the following statements about global competitiveness report:

 

  1. It is prepared by World Economic Forum
  2. It notes that India s competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation
 

Choose the correct answer from the following code:

 

(A) 1 Only

(B) 2 Only

(C) Both 1 and 2

(D) Neither 1 nor 2

 

 

14 Consider the following statements related to World investment report:

 

  1. It has been published annually by the United Nations Conference on Trade and Development (UNCTAD)
  2. It covers the latest trends in foreign direct investment around the World
 

Choose the correct answer from the following code:

(A) 1 Only

(B) 2 Only

(C) Both 1 and 2

(D) Neither 1 nor 2

 

15 Logistics performance index is released by which of the following?

 

(A) World Bank

(B) UNCTAD

(C) World economic forum

(D) US chamber of commerce

 

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