Hello Everyone,
We are sure that your revision must be going on good. Solve these 7 questions on Economy, a mix of static and current affairs to gauge your preparation. Solutions to be uploaded at 5:00pm
[Questions]
Q.1 The terms SMA0, SMA1 and SMA2 are related to ?
a) Inflation targeting
b) Narrow, Broad and Reserved money
c) Non-Performing Assets of banks
d) Small scale industries
Q.2 The twin balance sheet problem as mentioned in Economic Survey relates to:
a) Banks and Corporate sector
b) Fiscal Deficit and Current Account Deficit
c) Stressed sectors
d) None of these
Q.3 Which of the following is not a component of Rashtriya Krishi Vikas Yojana?
a) Bringing Green Revolution to Eastern India
b) National Mission for Protein Supplements
c) Saffron Mission
d) Integrated Scheme of Oilseeds, Pulses, Oil Palm and Maize
Q.4 Which among the following fall under the ‘One Product One Price’ category?
a) Urea
b) LPG
c) Both (a) and (b)
d) None of these
Q.5 Consider the following statements regarding the Financial Action Task Force (FATF):
1. It gives recommendation on preventing money laundering as well as terrorism financing.
2. India is a full time member of FATF
3. It has no authority to place sanctions on countries violating laws related to money laundering and terrorism financing
Which of the statements given above is/are incorrect:
a) 1 and 2 only
b) 2 and 3 only
c) 1, 2 and 3 only
d) None of the above
Q.6 Consider the following statements regarding International Monetary Fund (IMF)
1. USA has a veto power in IMF
2. According to the current reform both the quota as well as voting power of India has increased
3. SDR currently is a basket of 4 currencies
Identify the correct statement?
a) 1 only
b) 1 and 2 only
c) 2 only
d) 1, 2 and 3
Q.7 Special 301 report which was recently in the news is related to:
a) Drug Pricing Policy
b) Ranking of higher education institutions
c) List of countries with weak Intellectual Property Rights
d) Measures taken by G-33 countries in WTO
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