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.
[Questions]
Q.1 Consider the following statements.
1.Bharat Bill Payment system works only online
2.Bharat Bill Payment Central Unit (BBPCU) will be a single authorized entity operating the BBPS
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. Which of them is/are correct?
1.Refinance facilities is an instrument of Monetary Policies.
2.Open market operations have objective of injection/absorption of liquidity
Select the answers from the codes given below:
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2
Q.3 When the Reserve Bank of India buy back government securities from the open market, which of the following is likely to happen?
a) GDP tends to decrease
b) Liquidity in the market contracts
c)There is a probability of rise in inflation
d) None of the above
Q.4 Consider the following statements regarding fiscal consolidation:
1. Increasing the indirect taxes is a better approach towards fiscal consolidation as compared to increasing the direct taxes.
2. Disinvestment of PSUs leads to fiscal consolidation.
3. Increased public spending by the government leads to fiscal consolidation
Which of the above statement(s) is/are true?
a) 1 and 2 only
b) 2 and 3 only
c) 2 only
d) 1, 2 and 3
Q.5 Which of the following can be reasons for WPI being in negative territory ?
2. Fall in prices of services
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of these
Q.6 Presence of large number of inefficient firms can indicate the following:
1. Crowding out of private sector
2. Less tax revenue for the government
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of these
Q.7 Which of the following may adversely affect a bank’s capacity to lend?
1. Increasing levels of NPAs
2. High interest rate on small saving schemes
3. Increase in CRR and SLR ratios by RBI
Select the correct answer using the codes given below:
a) 1 and 3 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3
Leave a Reply