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Daily Quiz: June 12, 2018
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyThe lowering of bank Rate by the Reserve Bank of India leads to
Correct
Bank rate is the rate interest which a central bank (RBI) charges on the loans and advanced to a commercial bank. It also referred to as the discount Rate.
If RBI wants to increase the liquidity and money supply in the market , it will be decrease the bank rate and if it wants to reduce the liquidity and money supply in the system, It will increase the bank rate.
Incorrect
Bank rate is the rate interest which a central bank (RBI) charges on the loans and advanced to a commercial bank. It also referred to as the discount Rate.
If RBI wants to increase the liquidity and money supply in the market , it will be decrease the bank rate and if it wants to reduce the liquidity and money supply in the system, It will increase the bank rate.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyIndia is regarded as a country with “ Demographic Dividend” this is due to
Correct
The demographic dividened is a rise in the rate of economic growth due to a rising share of working class people in a population. India’s demographic dividend is its working age (15-34years) and as a result its economy has the potential to grow more quickly than that of many other countries, including china.
Incorrect
The demographic dividened is a rise in the rate of economic growth due to a rising share of working class people in a population. India’s demographic dividend is its working age (15-34years) and as a result its economy has the potential to grow more quickly than that of many other countries, including china.
- Question 3 of 7
3. Question
1 pointsCategory: EconomyWhich of the following can aid in furthering the Government’s objective of inclusive growth?
- promoting Self Help Groups
- promoting micro, small and medium enterprises
- implementing the Right to Education Act.
Select the correct answer using the codes given below:
Correct
Inclusive growth is a concept which advances equitable opportunities for economic participants during the process of economic growth with benefits incurred by every section of society all the statements contribute to inclusive growth.
Incorrect
Inclusive growth is a concept which advances equitable opportunities for economic participants during the process of economic growth with benefits incurred by every section of society all the statements contribute to inclusive growth.
- Question 4 of 7
4. Question
1 pointsCategory: Economywhich of the following is / are included in Macro Vulnerability Index:
- Inflation rate
- Foreign direct investment.
- Current Account deficit.
- Fiscal deficit.
Choose the correct from the given option:
Correct
Macro Vulnerability Index include Inflation, current account deficit and fiscal deficit. The Index value can be compared across countries for different time periods to gauge their relative vulnerability.
MVI is determined by various structural conditions which expose an economy to financial shocks.
Macro economic vulnerability are the credibility of Government policies and Economic robustness.
Incorrect
Macro Vulnerability Index include Inflation, current account deficit and fiscal deficit. The Index value can be compared across countries for different time periods to gauge their relative vulnerability.
MVI is determined by various structural conditions which expose an economy to financial shocks.
Macro economic vulnerability are the credibility of Government policies and Economic robustness.
- Question 5 of 7
5. Question
1 pointsCategory: EconomyConsider the following statement with reference to Reserve-Replacement Ratio:
Correct
The reserve-replacement ratio is a metric used by investors to judge the operating performance of an oil and gas exploration and production company. The reserve-replacement ratio measures the amount of proved reserves added to a company’s reserve base during the year relative to the amount of oil and gas produced
Incorrect
The reserve-replacement ratio is a metric used by investors to judge the operating performance of an oil and gas exploration and production company. The reserve-replacement ratio measures the amount of proved reserves added to a company’s reserve base during the year relative to the amount of oil and gas produced
- Question 6 of 7
6. Question
1 pointsCategory: EconomyConsider the following Statement with reference to Liquidity adjustment facility:
1) LAF is a facility extended by the Reserve Bank of India to the scheduled commercial banks including RRBs
2)LAF enables liquidity management on a day to day basis.
3)The introduction of Liquidity adjustment facility in India was on the basis of the recommendations of Narasimham committee.
Choose the correct from the given option:
Correct
LAF is a facility extended by the Reserve Bank of India to the scheduled commercial banks (excluding RRBs) and primary dealers to avail of liquidity in case of requirement or park excess funds with the RBI in case of excess liquidity on an overnight basis against the collateral of Government securities including State Government securities.
The introduction of Liquidity adjustment facility in India was on the basis of the recommendations of Narsimham committee on banking sector reforms.
Incorrect
LAF is a facility extended by the Reserve Bank of India to the scheduled commercial banks (excluding RRBs) and primary dealers to avail of liquidity in case of requirement or park excess funds with the RBI in case of excess liquidity on an overnight basis against the collateral of Government securities including State Government securities.
The introduction of Liquidity adjustment facility in India was on the basis of the recommendations of Narsimham committee on banking sector reforms.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyConsider the following statements about the Cryptocurrency:
1) Cryptocurrency is a digital currency which makes use of encryption technique.
2) Cryptocurrency is operating under the central bank of country concern.
Choose the correct from the given option:
Correct
Cryptocurrency is a digital currency which makes use of encryption techniques to regulate the generation of units of currency and to verify the transfer of funds.
Cryptocurrency is operating independently of a central bank.
This is a math-based, decentralised convertible virtual currency that is protected by cryptography.
Incorrect
Cryptocurrency is a digital currency which makes use of encryption techniques to regulate the generation of units of currency and to verify the transfer of funds.
Cryptocurrency is operating independently of a central bank.
This is a math-based, decentralised convertible virtual currency that is protected by cryptography.
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