Hello Everyone,
Here are the set of questions on Economy. Attempt this quiz and write your answer in comment section. We will publish the result with detailed explanation at 5 PM.
Q.1)Consider the following statements:
1.White label ATMs are owned by non banking entities
2.In White Label ATM(WLA) scenario, logo displayed on ATM machine and in ATM premises pertain to WLA Operator instead of a bank
Which of the statement/s given above is/are correct?
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Q.2)Consider the following statements:
1.FDI is permissible in Lottery Business
2.Foreign investment is reckoned as FDI only if the investment is made in equity shares
Which of the statement/s given above is/are correct?
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Q.3)Which of the following statement is wrong with respect to FRBM act?
a)Cap on level of liabilities and guarantees of the govt.
b)Government can never breach targets whatsoever
c)Annual targets of reduction of deficits
d)All are correct statements
Q.4)Effective revenue deficits is defined as:
a)Fiscal deficit+grants for capital assets
b)Revenue deficit+grants for capital assets
c)Revenue deficit-grants for capital assets
d)Fiscal deficit-grants for capital assets
Q.5)Giffen goods are those whose:
a)demand goes down when price increases
b)demand goes up when price decreases
c)demand goes up when price increases
d)demand renains constnat when price decreases
Q.6)Identify the incorrect statement/s:
1. NBFC can issue cheques to its customers.
2. Depositor insurance facility is not available for NBFC depositor.
Choose the correct answer from the codes given below
a) Only 1
b) Only 2
c) Both 1 and 2
d) None of them
Q.7)Chairperson of Financial stability and development council is:
a)RBI Governor
b)Union minister of finance
c)Finance secretary
d)Chief economic advisor
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