Hi Friends,
Starting Monday, March 28, 2016 We are taking up a new initiatives for Prelims 2016 . We will be posting a 7-10 Questions Quiz based on 9 PM Brief, on a daily basis.
The purpose of these is to enable practise on a daily level for you to prepare Current Affairs for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent overview of 9 PM Brief
Please type your answers in the comments below .
Note : Answers to the quiz will be posted one day later.
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Q.1) Digital India Program aims to improve digital infrastructure as a utility to every citizen. Which of the following is/are associated with this program?
1. Mobile phone & bank account enabling citizen participation in digital & financial space
2. Shareable private space on a public cloud
3. Collaborative digital platforms for participative governance
Select the correct answer using the codes given below
a) 1 only
b) 1 and 3 only
c) 2 and 3 only
d) All are true
Q.2) Consider the following statements regarding Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015
1. Undisclosed foreign income or assets shall be taxed at the flat rate of 30 percent.
2. The penalty for non-disclosure of income or an asset located outside India will be equal to two times the amount of tax payable thereon .
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Q.3) Consider the following statements regarding Reverse Repo Rate
1. It is the rate at which the RBI lends money to the banks for a short term.
2. An increase in the reverse repo rate will increase the money supply.
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Q.4) Which of the following are the Qualitative measures of Monetary Policy
1. Rationing of credit
2. Credit ceiling
3. Consumer credit regulation
Select the correct answer using the codes given below
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3
Q.5) Match the following:
A. Fiscal deficit 1. Difference between total expenditure and total receipts
B. Budget deficit 2. Difference between revenue expenditure and revenue receipts
C. Revenue deficit 3. Difference between total expenditure and revenue receipts plus non
debt creating capital receipts
D. Primary deficit 4. Difference between total expenditure and revenue receipts plus non
debt creating capital receipts minus interest payments
Select the correctly matched code given below:
A B C D
a) 3 1 2 4
b) 4 3 2 1
c) 1 3 2 4
d) 3 1 4 2
Q.6) Consider the following statements regarding Stand Up India
1. The Stand Up India scheme provides for handholding support for borrowers at the pre loan stage only.
2. The Stand Up India scheme provides for refinance window through Small Industries Development Bank of India (SIDBI).
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Q.7) Which of the following are associated with International Monetary Fund
1. World Development Report
2. World Economic Outlook
3. Global Financial Stability Report
Select the correct answer using the codes given below
a) 1 and 2
b) 1 and 3
c) 2 and 3
d) 1, 2 and 3
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