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Home
Practice Tests
Economics Practice Tests
Economics Quiz - Question & Answers Set - 3
15 Questions
Time Left -
Economics Quiz - Question & Answers Set - 3
Question 1 :
The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.
Which of the above are the objectives of this Act ?
A
1 and 2 only
B
3 only
C
2 and 3 only
D
1,2 and 3
Question 2 :
Which one of the following statements is an appropriate description of deflation ?
A
It is a sudden fall in the value of a currency against other currencies
B
It is a persistent recession in both the financial and real sectors of economy
C
It is a persistent fall in the general price level of goods and services
D
It is a fall in the rate of inflation over a period of time
Question 3 :
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
1. They cannot engage in the acquisition of securities issued by the government.
2. They cannot accept demand deposits like Savings Account.
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
Question 4 :
Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
A
Elimination of revenue deficit by the end of the fiscal year 2007-08
B
Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
C
Elimination of primary deficit by the end of the fiscal year 2008-09
D
Fixing government guarantees in any financial year as a percentage of GDP
Question 5 :
In the parlance of financial investments, the term 'bear' denotes
A
An investor who feels that the price of a particular security is going to fall
B
An investor who expects the price of particular shares to rise
C
A shareholder or a bondholder who has' an interest in a company, financial or otherwise
D
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?
A
India has preference, for certain countries as regards receiving FDI
B
India has double taxation avoidance agreement with Mauritius
C
Most citizens of Mauritius have ethnic identity with India and so they feel secure to invest in India
D
Impending dangers of global climatic change prompt Mauritius to make huge investments in India
Question 7 :
Consider the following countries :
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD, which of the above is/are categorized as "Emerging Economies"?
A
1 only
B
1 and 3 only
C
2 and 3 only
D
1, 2 and 3
Question 8 :
In the context of Indian economy, consider the following pairs :
Term Most appropriate description
1. Melt down Fall in stock prices
2. Recession Fall in growth rate
3. Slow down Fall in GDP
Which of the pairs given above is/are correctly matched ?
A
1 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Question 9 :
Which of the following is/are treated as artificial currency ?
A
ADR
B
GDR
C
SDR
D
Both ADR and SDR
Question 10 :
In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
A
Union Ministry of Finance
B
Union Finance Commission
C
Indian Banks' Association
D
None of the above
Question 11 :
In the context of governance, consider the following:
1. Encouraging Foreign Direct Investment inflows
2. Privatization of higher educational Institutions
3. Down-sizing of bureaucracy
4. Selling/offloading the shares of Public Sector Undertakings
Which of the above can be used as measures to control the fiscal deficit in India?
A
1, 2 and 3
B
2, 3 and 4
C
1, 2 and 4
D
3 and 4 only
Question 12 :
Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following :
A
Reduction of poverty
B
Extension of employment opportunities
C
Strengthening of capital market
D
Reduction of gender inequality
Question 13 :
Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament ?
A
Department of Revenue
B
Department of Economic Affairs
C
Department of Financial Services
D
Department of Expenditure
Question 14 :
With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct ?
A
The Banking Ombudsman is appointed by the Reserve Bank of India
B
The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India
C
The orders passed by the Banking Ombudsman, are final and binding on the parties concerned
D
The service provided by the Banking Ombudsman is free of any fee
Question 15 :
With reference to India, consider the following:
1. Nationalization of Banks
2. Formation of Regional Rural Banks
3. Adoption of villages by Bank Branches
Which of the above can be considered as steps taken to achieve the "financial inclusion" in India ?
A
1 and 2 only
B
2 and 3 only
C
3 only
D
1, 2 and 3
Model Question Papers
Union Bank of India PO 2008 English Language
Binder Grade II Logical Reasoning & Mathematics
KSIE Junior Assistant Logical Reasoning & Mathematics
Kerala PSC LDC Thrissur 2003 Logical Reasoning & Mathematics
Kerala PSC LDC Palakkad 2003 Logical Reasoning & Mathematics
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