Daily Quiz: May 22, 2018
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyTourism industry in India is quite small compared to many other countries in terms of India’s potential and size. which one of the following statements is correct in this regard ?
Correct
India Is a preferred destination due to its culture, monuments and handicrafts. However, tourism is quite small in India compared to many other countries because of inadequacy of infrastructure in India.
Incorrect
India Is a preferred destination due to its culture, monuments and handicrafts. However, tourism is quite small in India compared to many other countries because of inadequacy of infrastructure in India.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyMatch list -1 with list-2 and select the correct answer using the codes given below the lists:
List- 1 List-2
- boom 1. Business activity at high level with increasing income, output and employment at macro level.
- Recession 2. Gradual fall of income, output and employment with business activity in a low gear
- Depression 3. Unprecedented level of under employment and unemployment , drastic fall in Income , output and employment
- Recovery 4. Steady rise in the general level of prices, income, output and employement
Correct
Boom – Business activity at high level with increasing income , output and employment at macro level
Recession – Gradual fall income , output and employment with business activity in a low gear
Depression – Unprecedented level of under employment and unemployment , drastic fall in income, output and employment
Recovery – Steady rise in the general level of prices income, output, employment.
Incorrect
Boom – Business activity at high level with increasing income , output and employment at macro level
Recession – Gradual fall income , output and employment with business activity in a low gear
Depression – Unprecedented level of under employment and unemployment , drastic fall in income, output and employment
Recovery – Steady rise in the general level of prices income, output, employment.
- Question 3 of 7
3. Question
1 pointsCategory: Economy”instill into the vast millions of workers, men and women , who actually do the job, a sense
of partnership and of cooperative performance……….”The above passage related to
Correct
The passage relates to Community Development programme ,started in 1952 for overall development of rural areas.
Incorrect
The passage relates to Community Development programme ,started in 1952 for overall development of rural areas.
- Question 4 of 7
4. Question
1 pointsCategory: EconomyGilt-edged market means
Correct
The Gift-edged market means the market for government and semi-government securities which carry fixed interest rates rate. Where it is a way of least risk of default in repayment.
Incorrect
The Gift-edged market means the market for government and semi-government securities which carry fixed interest rates rate. Where it is a way of least risk of default in repayment.
- Question 5 of 7
5. Question
1 pointsCategory: EconomyWhich of these is/ are component(s) of internal debt?
Correct
Internal debt is that part of the total debt that is owed to lenders within the country. It is the money the government borrows from its own citizens. The government borrows by issuing the Government Bonds and T-Bills (Treasury Bills). It also includes the Market borrowings by the government. The government bonds and T-Bills are traded in the market which is also known as Gilt Market.Please note that when government borrows from the domestic sources, the increase in inflation is less in comparison to simply printing the money and increased the more liquid forms of wealth (i.e., the money supply).
The major component of internal debt are market, Bonda, treasury Bills, special floating and other advance , securities against small saving ,small saving provident funds other accounts which include postal insurances , life annuity fund , Hindu family annuity funds, borrowings against compulsory deposit income tax annuity deposits special deposits of Non-Government provident fund and reserve funds and deposit
Incorrect
Internal debt is that part of the total debt that is owed to lenders within the country. It is the money the government borrows from its own citizens. The government borrows by issuing the Government Bonds and T-Bills (Treasury Bills). It also includes the Market borrowings by the government. The government bonds and T-Bills are traded in the market which is also known as Gilt Market.Please note that when government borrows from the domestic sources, the increase in inflation is less in comparison to simply printing the money and increased the more liquid forms of wealth (i.e., the money supply).
The major component of internal debt are market, Bonda, treasury Bills, special floating and other advance , securities against small saving ,small saving provident funds other accounts which include postal insurances , life annuity fund , Hindu family annuity funds, borrowings against compulsory deposit income tax annuity deposits special deposits of Non-Government provident fund and reserve funds and deposit
- Question 6 of 7
6. Question
1 pointsCategory: Economythe most appropriate measure of a country’s economics growth is its
Correct
Per capita income is the ratio of net national product to the ( mid year) size of population . per capita income (at current prices) stands at Rs.2322 for 2004-05 and Rs. 257888 for 2005-06 ( on the basic of revised estimates) in order to render international comparisons meaningful , national income should be divided by size of their respective populations
Incorrect
Per capita income is the ratio of net national product to the ( mid year) size of population . per capita income (at current prices) stands at Rs.2322 for 2004-05 and Rs. 257888 for 2005-06 ( on the basic of revised estimates) in order to render international comparisons meaningful , national income should be divided by size of their respective populations
- Question 7 of 7
7. Question
1 pointsCategory: Economymatch list-1 with list-2 and select the correct answer using the codes given below the lists:
List-1 List-2
- fiscal deficit 1. Excess of total expenditure over total Receipts
- budget deficit 2. Excess of revenue expenditure over Revenue receipts
- Revenue Deficit 3. Excess of total expenditure over total receipts less borrowings
- primary deficit 4. Excess of total Expenditure over total Receipts less borrowings & Interest Payments.
Correct
Fiscal deficit = Total expenditure – (Revenue receipts + Non debt creating Capital receipts)
Budgetary deficit = Total Expenditure – Total Receipts
Revenue deficit = Revenue Expenditure – Revenue Receipts
Primary deficits = Fiscal deficits – Interest payments.
It represents current economics situation because current economics situation does not include interest on the past loans
Incorrect
Fiscal deficit = Total expenditure – (Revenue receipts + Non debt creating Capital receipts)
Budgetary deficit = Total Expenditure – Total Receipts
Revenue deficit = Revenue Expenditure – Revenue Receipts
Primary deficits = Fiscal deficits – Interest payments.
It represents current economics situation because current economics situation does not include interest on the past loans
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