Tuesday Economy Quiz #5

Good morning everyone, we are again back with 10 questions on Economy. Attempt these questions and write your answers in comment section.

[Questions]

Q.1) ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to

a) develop national strategies for the conservation and sustainable use of biological diversity
b) improve banking sector’s ability to deal with financial and economic stress and improve risk management
c) reduce the greenhouse gas emissions but places a heavier burden on developed countries
d) transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals

Q.2) With reference to Indian economy, consider the following statements:

1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at  market prices (in rupees) has steadily increased in the last decade.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c)  Both 1 and 2
d)  Neither 1 nor 2

Q.3) With reference to Indian economy, consider the following

1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue

Which of the above is/are component/ components of Monetary Policy?

a) 1 only
b) 2, 3 and 4
c) 1 and 2
d) 1, 3 and 4

Q.4) Which of the following would include Foreign Direct Investment on India?

1. Subsidiaries of foreign companies in India
2. Majority foreign equity holding in Indian companies
3. Companies exclusively financed by foreign companies
4. Portfolio investment

Select the correct answer using the codes given below:

a) 1, 2 , 3 and 4
b) 2 and 4 only
c) 1 and 3 only
d) 1, 2 and 3 only

Q.5) The sales tax you pay while purchasing a toothpaste is a

a) tax imposed by the Central Government
b) tax imposed by the Central Government but collected by the State Government
c) tax imposed by the State Government but collected by the Central Government
d) tax imposed and collected by the State Government

Q.6) What does venture capital mean?

a) A short-term capital provided to industries
b) A long-term start-up capital provided to new entrepreneurs
c) Funds provided to industries at times of incurring losses
d) Funds provided for replacement and renovation of industries

Q.7) With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?

1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Right

Select the correct answer using the code given below.

a) 1 only
b) 2 and 3
c) 1 and 3
d) 1, 2 and 4

Q.8) The balance of payments of a country is a systematic record of

a) all import and transactions of a during a given period normally a year
b) goods exported from a country during a year
c) economic transaction between the government of one country to another
d) capital movements from one country to another

Q.9)The Reserve Bank of India regulates the commercial banks in matters of

1. liquidity of assets
2. branch expansion
3. merger of banks
4. winding-up of banks

Select the correct answer using the codes given below.

a) 1 and 4 only
b) 2, 3 and 4 only
c) 1, 2 and 3 only
d) 1, 2, 3 and 4

Q.10) Consider the following:

1. Hotels and restaurants
2. Motor Transport undertakings
3. Newspaper Establishments
4. Private Medical Institutions

The Employers of which of the above can have the “ Social Security coverage under Employees State Insurance Scheme?

a) 1, 2 and 3 only
b) 4 only
c) 1, 3 and only 4
d) 1, 2, 3 and 4