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Economics and Current Affairs

1. Consider the following statements regarding fiscal policy:

  1. Fiscal policy measures are less effective in an open economy compared to a closed economy.
  2. In India, fiscal policy management is carried out by both RBI and central government.

Which of the above statements is/are true?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

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2. What do mean by the term Bonus Shares?

  1. It is the additional shares that can be obtained by a shareholder instead of their dividend
  2. It is additional shares given to share with shareholders without any additional cost.
  3. It is the consecutive issue of shares by a company for its existing Shareholders only.
  4. None of the above

 

3. Which of the following are constitutional provisions for transfer of funds from central government to states?

  1. Sharing of tax revenue.
  2. Sharing of cess and surcharges.
  3. Grant-in-aid given to states.
  4. Loans to states
  5. Grants for implementation of five-year plans.

Select the correct answer using the code given below.

  1. 1 , 2 and 3 only
  2. 1 , 2 , 3 and 4 only
  3. 2 , 3 , 4 and 5 only
  4. 1 , 3 and 4 only

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4. Which among the following can be considered as fiscal intermediaries?

  1. Regional rural banks
  2. Insurance companies
  3. SEBI
  4. Mutual funds
  5. Non-banking financial companies

Select the correct answer using the code given below.

  1. 1 , 2 , 3 and 4 only
  2. 2 , 3, 4 and 5 only
  3. 1 ,  2 , 4 and 5 only
  4. All of the above are examples of fiscal intermediaries.

 

5. Consider the following statements regarding small finance banks in India:

  1. Their main objective is the supply of credit to small business units; marginal farmers; SMEs; and other unorganised sector entities, through high technology-low cost operations.
  2. There will not be any restriction in the area of operations of small finance banks.
  3. Foreign investors are not allowed to invest in small banks.

Select the correct answer using the code given below.

  1. 1 and 2 only
  2. 2 and 3only
  3. 1 and 3 only
  4. 1 , 2 and 3

 

6. Which of the following given below are correctly matched:

  1. Tax buoyancy- Changes in tax revenue in response to a rise in national income or GDP.
  2. Tax elasticity – Changes in tax revenue in response to changes in tax rate.
  3. Tax expenditure-  Expenses incurred in lieu of collection of direct taxes.

Select the correct answer using the code given below.

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1 ,2 and 3

 

  1. Which of the following step can bring Balance of Payment(BOP) status improvement?
  1. Import Control
  2. Export Promotion
  3. Foreign Exchange Control
  4. Devaluation

Select the correct answer using the code given below.

  1. 1, 2 and 4
  2. 1,2 and 3
  3. 1 and 2 only
  4. All the above

 

  1. The level of a ship which passes from a river to the sea will:
  1. Rise up as sea water density is lower.
  2. Sink low because sea water density is higher.
  3. Rise up as  sea water density is higher.
  4. Sink low as sea water density is lower

9. What do you mean by food fortification?

  1. Production of food in a controlled region to minimise the effect of pests.
  2. Efficient use of food products through distribution controlling.
  3. The process of adding micronutrients (essential trace elements and vitamins) to food.
  4. None of the above
  1. Which of the following statements regarding Infrastructure Investment Trusts (InvITs)
  1. InvITs are similar to mutual funds but InvITs also allows one to invest in infrastructure projects such as road and power.
  2. InvITs are registered as trusts with SEBI.
  3. InvIT investments are not open for small and retail investors.

Which of the above statements is/are true?

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. 1, 2 and 3

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