The Tuesday Economy Quiz #3

Dear Friends,

Please find the Tuesday Economy Quiz Challenge #3.

Let us see who answers all 10 questions first and correctly.


Q.1) Fiscal Consolidation is one of the objectives of India’s economic policy. Which of the following would help in fiscal consolidation?
1. Increasing taxes
2. Getting more loans
3. Reducing subsidies

Choose the correct answer using the codes given below:
a) 1 and 2 only
b) 1 and 3 only
c) 1 only
d) 1, 2 and 3


Q.2) The Fiscal Responsibility and Budget Management Act aimed for
1. Eliminating revenue deficit and fiscal deficit
2. Giving flexibility to RBI for inflation management

Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
c) Neither 1 nor 2

 


 
Q.3) Consider the following statements regarding Index of Industrial Production (IIP):
1. It is released monthly by Central Statistical Organisation(CSO)
2. It shows the volume of Industrial activity
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2


Q.4) Gross Capital Formation will increase if :
1. Gross domestic savings increase
2. Gross domestic consumption increases
3. GDP increases

Choose the correct answer using the codes given below:
a) 1 and 2 only
b) Either 1 or 2
c) 3 only
d) None of the above

 


 

 
Q.5) The WTO follows the method of “Self Selection”. This means
1. Member countries decide to which agreement they want to be a party
2. Member countries decide the rate of tariff and tariff reduction
3. Member countries decide whether they want to be in developed or developing category

Which of the above statements is/are correct?
a) 1 and 2 only
b) 1 and 3 only
c) 1 only
d) 3 only

 


 
Q.6) World Economic Outlook is a report published by
a) World Bank
b) IMF
c) OECD
d) None of the above


 

 

Q.7) How does National Rural Livelihood Mission seek to improve livelihood options of rural poor?
1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas
2. By strengthening ‘self-help’ groups and providing skill development
3. By supplying seeds, fertilizers, diesel pump sets and micro irrigation equipment free of cost to farmers

Select the correct answer by using the codes given below:
a) 1 and 2 only
b) 2 only
c) 1 and 3 only
d) 3 only

 


Q.8) Which of the following is/are treated as artificial currency?
a) ADR
b) GDR
c) SDR
d) Both ADR and SDR


Q.9) Consider the following actions by the government:
1. Cutting the tax rates
2. Increasing government spending
3. Abolishing the subsidies

In the context of an economic recession, which of the above actions can be considered a part of the ‘fiscal stimulus’ package?
a) 1 and 2 only
b) 2 only
c) 2 and 3 only
d) 1, 2 and 3

 


Q.10) Consider the following:
1. Fringe Benefit Tax
2. Securities Transaction Tax
3. Interest Tax
Which of the above taxes is/are indirect taxes?
a) 1 only
b) 1 and 2 only
c) 1, 2 and 3
d) None of the above


Comments

31 responses to “The Tuesday Economy Quiz #3”

  1. Vijaykarthik Avatar
    Vijaykarthik

    hey rudrani. are u there ?

  2. jalansurbhi Avatar
    jalansurbhi

    From where do we get the answers?

  3. Gaurav Tripathi Avatar
    Gaurav Tripathi

    1. b
    2. c
    3. b
    4.
    5. a
    6. c
    7. a
    8. c
    9. b
    10. b

  4. B d c c d b a c a d

  5. 1-b

    2-a

    3-c

    4-c

    5-c

    6-b

    7-b

    8-d

    9-a

    10-c

  6. dreamsngoals Avatar
    dreamsngoals

    10.d 9.a 8.c 7.2 6.b 5.d 4.d (increase in domestic savings though would result in enhanced capital formation but there aren’t any options for 1 only) 3.c 2.b 1.b

  7. Gaurav Gupta Avatar
    Gaurav Gupta

    B

    C

    B

    D

    C

    B

    B

    C

    A

    D

  8. 1 B

    2 D

    3 A

    4 D

    5 D

    6 B

    7 B

    8 D

    9 A

    10 D

  9. yeshwant Avatar
    yeshwant

    1:b

    2:b

    3:c

    4:b

    5:a

    6:b

    7:b

    8:c

    9:c

    10:c

  10. Pratik Rao Avatar
    Pratik Rao

    1B
    2B
    3A
    4A
    5C
    6B
    7B
    8C
    9A
    10A

  11. Ajinkya Kamble Avatar
    Ajinkya Kamble

    1-b.,2-a.,3-c.,4-c.,5-d.,6-b.,7-a.,8-d.,9-c.,10-c

  12. 1b;2a;4c;5a;7b;8d;9a

  13. Nitesh Mishra Avatar
    Nitesh Mishra

    1. B
    2. A
    3. C
    4. B
    5. A
    6. B
    7. B
    8. C
    9. A
    10. D

  14. loneranger85 Avatar
    loneranger85

    1.b

    2.d

    3.c

    4.d

    5.d

    6.b

    7.b

    8.c

    9.a

    10.d

  15. b, d, c, d, d, b, b, -, b, d

  16. 1-b, 2-d, 3-a, 4-c, 5-d, 6-b, 7-a, 8-c, 9-a, 10-d

  17. 1-b, 2-c, 3-c, 4-d, 5-a, 6-b, 7-a, 8-c, 9-a,

  18. walking in storm Avatar
    walking in storm

    1-b,2-d,3-b,4-b,5-c,6-b,7-b,8-c,9-a,10-d

  19. 1. B
    2. A
    3. A
    4. C
    5. C
    6. B
    7. B
    8. C
    9. B
    10. D

  20. 1. B
    2. C
    3. B
    4. D
    5. A
    6. A
    7. B
    8. C
    9. A
    10. A

  21. Fighter Avatar
    Fighter

    1-d,2-a,3-c,4-c,5-a,6-c,7-a,8-d,9-c,10-c

  22. Rudrani M Avatar
    Rudrani M

    1. B
    2. C
    3. C
    4. D
    5. D
    6. B
    7. B
    8. C
    9. A
    10. D

  23. DrKingSchultz Avatar
    DrKingSchultz

    B
    D
    C
    D
    D
    B
    A
    C
    A
    D

  24. Amaroks Avatar
    Amaroks

    1-b

    2-d

    3-a

    4-D

    5-d

    6-A

    7-a

    8-c

    9-a

    10-D

  25. 1-b,2-b,3-c,4-b,5-c,6-b,7-?,8-c,9-a,10-d

  26. Vaishali sharma Avatar
    Vaishali sharma

    1.b 2.a 3.a 4.c 5.a 6.b 7.a 8.d 9.c 10.c

  27. Sneha Chatterjee Avatar
    Sneha Chatterjee

    1 b
    2 d
    3 c
    4 ?
    5 d
    6 b
    7 a
    8 c
    9 d
    10 d

  28. Rajneesh Mishra Avatar
    Rajneesh Mishra

    b,d,c,,b,d,b,b,c,a,c

  29. Amaroks Avatar
    Amaroks

    1-D
    2-d
    3-C
    4-D
    5-A
    6-A
    7-a
    8-c
    9-D
    10-D

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