Economy

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Which of the following is/are treated as artificial currency?

ADR
no
GDR
no
SDR
yes
Both ADR and SDR
no
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In the context of independent India's economy, which one of the following was the earliest event to take place?
Nationalization of Insurance companies
no
Nationalization of State Bank of India
no
Enactment of Banking Regulation Act
yes
Introduction of First Five-Year Plan
no
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In India, taxes on transactions in Stock Exchanges and Futures Markets are
1. Levied by the Union
2. Collected by the State

Which of the statements given above is/are correct?
1 only
yes
2 only
no
Both 1 and 2
no
Neither 1 nor 2
no
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Which one of the following is likely to be the most inflationary in its effect?
Repayment of public debt
no
Borrowing from the public to finance a budget deficit
no
Borrowing from banks to finance a budget deficit
no
Creating new money to finance a budget deficit
yes
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Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
The International Monetary Fund
yes
The United Nations Development Programme
no
The World Economic Forum
no
The World Bank
no
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Consider the following statements:

1. Inflation benefits the debtors.
2. Inflation benefits the bond-holders.

Which of the statements given above is/are correct?
1 only
yes
2 only
no
Both 1 and 2
no
Neither 1 nor 2
no
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The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following? 
1. Other banks retain their deposits with the RBI. 
2. The RBI lends funds to the commercial banks in times of need. 
3. The RBI advises the commercial banks on monetary matters. 

Select the correct answer using the codes given below:

2 & 3 Only
no
1 & 2 Only
yes
1 & 3 Only
no
1, 2 & 3
no
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What does venture capital mean?
A short-term capital provided to industries
no
A long-term start-up capital provided to new entrepreneurs
yes
Funds provided to industries at times of incurring losses
no
Funds provided for replacement and renovation of industries
no
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Which of the following constitute Capital Account?

1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
1, 2 and 3
no
1, 2 and 4
yes
2, 3 and 4
no
1, 3 and 4
no
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The sales tax you pay while purchasing a toothpaste is a........

Tax imposed by the Central Government.
no
Tax imposed by the Central Government but collected by the State Government
no
Tax imposed by the State Government but collected by the Central Government
no
Tax imposed and collected by the State Government
yes
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