Economy

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The balance of payments of a country is a systematic record of..........
All import and export transactions of a country during a given period of time, normally a year
yes
Goods exported from a country during a year
no
Economic transaction between the government of one country to another
no
Capital movements from one country to another
no
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The balance of payments of a country is a systematic record of..........
All import and export transactions of a country during a given period of time, normally a year
yes
Goods exported from a country during a year
no
Economic transaction between the government of one country to another
no
Capital movements from one country to another
no
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With reference to Union Budget, which of the following, is/are covered under Non-Plan Expenditure?

1. Defense-expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidies

Select the correct answer using the code given below.
1 only
no
2 and 3 only
no
1, 2, 3 and 4
yes
None
no
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The price of any currency in international market is decided by the

1. World Bank 
2. Demand for provided by concerned goods/services the country 
3. Stability of the government of the concerned country 
4. Economic potential of the country in question 

Which of the statements given above are correct?
1, 2, 3 & 4
no
2 & 3 Only
yes
3 & 4 Only
no
1 & 4 Only
no
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Consider the following liquid assets:

1. Demand deposits with the banks
2. Time deposits with the banks
3. Savings deposits with the banks
4. Currency

The correct sequence of these decreasing order of Liquidity is.......
1-4-3-2
no
4-3-2-1
no
2-3-1-4
no
4-1-3-2
yes
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In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?

1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements

Select the correct answer using the code given below.
1 only
no
1 and 2 only
yes
2 and 3 only
no
1, 2, 3 and 4
no
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The Reserve Bank of India regulates the commercial banks in matters of:

1. liquidity of assets
2. branch expansion
3. merger of banks
4. winding-up of banks

Select the correct answer using the codes given below:

1 and 4 only
no
2, 3 and 4 only
no
1, 2 and 3 only
no
1, 2, 3 and 4
yes
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US Dollar, Euro, Swiss franc, Japanese Yen, and British Pound Sterling are collectively known as...... 
Soft Currency
no
Hard Currency
yes
Hot Currency
no
Cold Currency
no
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Which one of the following is not true?
Revenue deficit = Total expenditure - Revenue receipts
yes
Effective Revenue deficit = Revenue deficit- transfers in the form of grant for creation of capital asset
no
Primary deficit= Fiscal deficit-Interest payments
no
Fiscal deficit= Total expenditure-(Revenue receipts + Non debt creating capital receipts)
no
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Which one of the following is not correct about the Non-Banking Financial Companies (NBFCs) in India?
NBFC can accept demand deposits.
yes
A NBFC is company registered under the Companies Act, 1956.
no
It is not a part of the payment and settlement system in India.
no
It can not issue cheques to its customers.
no
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