[Solutions]
Q.1) Consider the following statements. Which of them is/are correct?
1.Scope of BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH)
2.Umesh Bellur from IIT Bombay was set up to define a framework that enables the creation of pan- India touch points for bill payments by customers
Select the answer from the codes given below:
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Ans-[C]
Explanation-Both statements are correct
Q.2)Consider the following statements. Which of them is/are correct?
1.Automatic route doesn’t require any prior approval of govt or RBI
2.FIPB gives permission under government route
Select the answer from the codes given below:
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Ans-[C]
Explanation- Very basic question. Both the statements are factual and correct.
Q.3)Consider the following statements. Which of them is/are correct?
1.Indian companies can not issues foreign currency convertible bonds
2.Foreign currency convertible bonds are debt instruments
Select the ans from the codes given below:
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Ans-[B]
Explanation- Foreign currency convertible bonds can be issued by Indian companies in the overseas market in accordance with the Scheme for Issue of Foreign Currency Convertible Bonds and Ordinary Shares. Statement 2 is right.
Q.4) Consider the following statements. Which of them is/are correct?
1.Price stability is objective of monetary policy
2.Urjit Patel committee gave recommendations with respect to Inflation
Select the answer from the codes given below:
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Ans-[C]
Explanation-Price stability is a necessary (if not sufficient) precondition to sustainable growth and financial stability. The relative emphasis assigned to price stability and growth objectives in the conduct of monetary policy varies from time to time depending on the evolving macroeconomic environment. Statement 2 is correct.
Q.5)Primary sector includes:
a)Construction
b)Forestry
c)Export
d)Property dealing
Ans-[B]
Explanation- Primary sector deals with changing natural resources into primary products. Agriculture, fishing and forestry are primary activities.
Q.6)Consider the following statements
1.Macroeconomic stability
2.Cuts on wasteful expenditure
3.Strengthening govt finances
What are the objectives of Fiscal consolidation
a)1 and 2
b)2 and 3
c)1,2 and 3
d)1 and 3
Ans-[C]
Explanation-All are objectives of fiscal consolidation.You can read about it here
Q.7)Consider the following:
1. SEZ dont have to pay for regular duties for sale in domestic market
2. SEZ products are cheaper than imports from FTA partner countries.
Choose the incorrect statement
1. 2 only
2. 1 only
3. Both 1 and 2
4. None of them
Ans-[C]
Explanation- SEZ have to pay for regular duties for sale in domestic markets. This makes their product costly than imports from FTA partner countries. You can read about SEZ in our previous documents.
Leave a Reply