Consider the following statements
I. Multidimensional poverty index was introduced in 2010
II. It uses different factors to determine poverty beyond income-based lists
III. It has replaced Human Poverty Index
IV. It reflects deprivations in very rudimentary services and core human functioning for people.
Which of above statement is/are correct?
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Which of following statement is true about the Primary deficit?
Base Effect always remains in news, which of following statement is true about Base Effect:
Consider the following statements
I) Recession reduces the demands for goods and services
II) Recession leads to unemployment
III) Government interference is desirable to reverse the recessionary trends
Which of above statements is/ are true about Recession
Consider the following statement:
I) Government disinvesting its share in various public sector undertakings
II) Process of disinvestment is very fast
III) Process of disinvestment is very slow and government always falls short of target
Which of above statements is/ are TRUE about government policy of disinvestment
Receipts in budget can be capital or revenue. Which of these is/are capital receipts?
1. Loan recoveries
2. Provident funds deposits
3. Grants
Select the correct answer using the codes given below.
With reference to contribution from taxes, consider the following statements:
1. Contribution from direct taxes is more than that from indirect taxes.
2. Corporation tax is the largest contributor.
Which of the statements given above is/are CORRECT ?
Gross capital formation will increase if:
1. Gross domestic savings increases
2. Gross domestic consumption increases
3. GDP increases
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Consider the following data:
1. Revenue deficit (RD) = 3% of GDP
2. Grants for capital formation = 1.8% of GDP
3. Primary deficit (PD) = 1.2%
4. Non-plan expenditure = 1.5%
In the above scenario, effective revenue deficit (ERD) will be:
Which of the following interest rates is still regulated?
1. Savings account interest rate
2. Fixed deposit interest rate
3. Current account interest rate
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Fiscal consolidation is one of the objectives of India’s economic policy. Which of the following would help in fiscal consolidation?
1. Increasing taxes
2. Getting more loans
3. Reducing subsidies
Select the correct answer using the codes given below.
The government provides subsidies in various sectors. Which of the following are the effects of subsidies ?
1. It increases inflation
2. It increases fiscal deficit
3. It decreases export competitiveness
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The Fiscal Responsibility and Budget Management (FRBM) Act aimed for
1. Eliminating both revenue deficit and fiscal deficit
2. Giving flexibility to RBI for inflation management
Which of the statements given above is/are correct?
With reference to deficit financing, monetized deficit is the part that is financed through
All banks are mandated to lend to priority sector. Which of the following would come under Priority Sector Lending ( PSL ) ?
1. Loans to corporations
2. Loans to Self Help Groups
3. Loans to small and marginal farmers
4. Loans to state government
Select the correct answer using the codes given below.
Consider the following statements about Index of Industrial Production (IIP)
1. It is released monthly by Central Statistical Organisation (CSO)
2. It shows the volume of industrial activity.
Which of the statements given above is/are correct?
Financial market is classified into money market and capital market. Which of these are money market instruments ?
1. T-Bills
2. Preference shares
3. Commercial papers
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Suppose you went to a restaurant and paid certain taxes, which of these would be considered an indirect tax ?
1. Service tax paid for lunch
2. Tip given to waiter
3. VAT paid
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The expenditure in India is classified as capital and revenue. Which of the following is/are revenue expenditure?
1. Interest payments on debt
2. Loans granted by central government
3. Subsidies
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A decrease in Cash Reserve Ratio (CRR) can lead to which among the following ?
1. Increase in cash availability of the banks
2. Increase in repo rate
3. Decrease in SLR
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