Ramesh Singh : Miscellaneous - 3 - UPSC MCQ

Consider the following options if all banks in an economy are nationalised and converted into a monopoly bank.

1. Deposits will decrease in the new bank

2. Deposits will increase in the new bank

3. There will be no effect on either saving rate or lending

Select the correct option/options using the code given below:

Which of the following factors are responsible for a surplus in the current account of the economy?

1. Its exports are compulsory imports for other economies.

2. It imports low-technology items and exports high-technology items.

3. It has a huge domestic market.

4. Its imports are non-compulsive.

Select the answer using the code given below:

Which of the following items appear in a company's balance sheet?

1. Value of raw materials held by the company.

2. Cash held in the banks in the company's current account.

3. Sales revenue of the company.

4. The issued capital of the company.

Select the answer using the code given below:

Which of the following statement defines the term 'insurance penetration'

Consider the following statements regarding the state of full convertibility of the rupee in the current account.

1. 100 percent foreign currency is made available by the government at an official rate of exchange for all visible and invisible imports.

2. Foreign investment in the Indian security market, though an issue of the capital account, is considered as a matter of the current account for convertibility purposes.

3. In case of foreign grants, the rupee is partially convertible in India.

4. Rupee is fully convertible if someone needs foreign currency to go for medical treatment abroad.

Select the incorrect statement/statements using the code given below:

Which of the following is correct about the 'ex-factory price'?

Select the statement which correctly defines the concept of 'debt trap'?