Economics Quiz - Question & Answers Set

Economics Quiz - Question & Answers Set - 3

Question 2 :
Which one of the following statements is an appropriate description of deflation ?
It is a sudden fall in the value of a currency against other currencies
It is a persistent recession in both the financial and real sectors of economy
It is a persistent fall in the general price level of goods and services
It is a fall in the rate of inflation over a period of time

Question 4 :
Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
Elimination of revenue deficit by the end of the fiscal year 2007-08
Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
Elimination of primary deficit by the end of the fiscal year 2008-09
Fixing government guarantees in any financial year as a percentage of GDP

Question 5 :
In the parlance of financial investments, the term 'bear' denotes
An investor who feels that the price of a particular security is going to fall
An investor who expects the price of particular shares to rise
A shareholder or a bondholder who has' an interest in a company, financial or otherwise
Any lender, whether by making a loan or buying a bond

Question 6 :
A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economies like UK and France. Why?
India has preference, for certain countries as regards receiving FDI
India has double taxation avoidance agreement with Mauritius
Most citizens of Mauritius have ethnic identity with India and so they feel secure to invest in India
Impending dangers of global climatic change prompt Mauritius to make huge investments in India

Question 10 :
In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
Union Ministry of Finance
Union Finance Commission
Indian Banks' Association
None of the above

Question 12 :
Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following :
Reduction of poverty
Extension of employment opportunities
Strengthening of capital market
Reduction of gender inequality

Question 13 :
Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament ?
Department of Revenue
Department of Economic Affairs
Department of Financial Services
Department of Expenditure

Question 14 :
With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct ?
The Banking Ombudsman is appointed by the Reserve Bank of India
The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India
The orders passed by the Banking Ombudsman, are final and binding on the parties concerned
The service provided by the Banking Ombudsman is free of any fee