Magic Quiz Based on Economy

DEAR READER'S

As you know the  level of question is getting higher by  each passing exam we are here with the new concept  called "QUIZ MAGIC", these quizzes will help you to learn 20 more new concepts  when you find their solutions.

1. In India, which of the following is/are a mechanism of deficit financing?
1. borrowing from RBI.
2. borrowing from commercial banks.
3. issuing fresh currency notes.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3


2. International Development Association (IDA) is called the ‘soft’ window of the World Bank (WB) because
a) it lends for software and It development
b) taking loans from it is very easy
c) its loans are interest free
d) none

3. Development expenditure would include
1. expenditure on building roads.
2. debt service liabilities.
3. grants-in-aid.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

4. With reference to narrow money, consider the following statements :
1. They are highly liquid.
2. Banks run their lending programme mainly with this money.
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

5. 100 people went for a job in a company. The company told them that while there is a vacancy, none of them posses the skill required for the job. What kind of unemployment would this be called?
a) disguised unemployment
b) structural unemployment
c) cyclical unemployment
d) none


6. Credit Default Swaps (CDS) can be beneficial for an economy as they
1. helps in redistribution of loans.
2. enhance investment opportunities
3. leads to loan waivers.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

7. Twin deficit in a economy means
a) high current account deficit and high fiscal deficit.
b) high capital account deficit and high fiscal deficit.
c) high current account deficit and high capital account deficit.
d) high budget deficit and high fiscal deficit.

8. The current account of the balance of payments (BoP) includes
1. foreign aid.
2. foreign institutional investments.
3. remittances.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 3 only
d) 2 and 3 only

9. Which of the following prices is/are fixed by the central government?
1. Maximum Retail Price (MRP)
2. Minimum Support Price (MSP)
3. Fair and Remunerative Price (FRP)
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 only
d) 2 and 3 only

10. Consider the following statements about Securities Transaction Tax (STT)
1. The point of incidence and impact of STT is not same.
2. Government securities are exempted from STT.
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

Answers Will be provided Soon...!!!!