Prelims Marathon – Indian Economy – August- 19 -2022

Which of the following would be the effect of increase in Bank Rate?

Consider the following pairs about types of inflation and their meanings:
1. Creeping Inflation: A kind of mild inflation that boosts demand.
2. Trotting Inflation: When inflation rises to 10 percent or more.
3. Core Inflation: It measures rising prices in everything including food and energy.
4. Disinflation: It is opposite of inflation in which the prices fall.
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Which of the following best represents the functions of RBI?
1. RBI has the sole autonomy to print notes and mint Rs 1 coins.
2. RBI policy of sterilization helps in stabilizing exchange rates.
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Which of the following does not represents the recommendations of the Narashimhan Committee?
1. SLR and CRR should be increased over the period of time.
2. The banks should be allowed to set the interest rates for their customers thus deregulating interest rates.
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Consider the following statements about GDP:
1. GDP is the measure of welfare or happiness.
2. GDP is the measure of Disposable Personal Income.
Which of the statements given above is/are correct?

NPCI has been set up as an umbrella organization owned and operated by the banks. Which of the following payment systems has been authorized by Reserve Bank of India under NPCI?
1. Immediate Payment System
2. Aadhaar Enabled Payments System
3. Operation of Cheque Truncation System
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Which of the following characteristic feature of different money market instruments is/are not correctly matched?
1. T-Bills: The Treasury Bills are marketable, affordable and risk free.
2. Banker’s Acceptance: Companies use these negotiable time drafts to finance imports, exports and other trade.
3. Commercial papers: These are time deposits that are issued by the commercial banks.
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Promoting digital payments has been mandated to which of the following institution?

Which of the following pair is/are correctly matched?
1. Tarapore Committee – Capital Account Convertibility
2. Tendulkar Committee – Poverty Estimation
3. Urijit Patel Committee – Monetary Policy Reforms
4. Kelkar Committee – Revisiting & Revitalizing PPP
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