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Economics and Current Affairs

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Consider the following statements about ‘White Label ATMs’ :

  1. In White Label ATM hardware is owned by a service provider, but cash management and network connectivity are provided by sponsor bank.
  2. 100% foreign direct investment (FDI) under the automatic route is allowed for white label ATM operations.

Which of the above statements is/are correct?

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

 

  1. The term Swiss formula is associated with which of the following?
  1. Method of tariff calculation in WTO
  2. Infrastructure PPP funding method
  3. A formula for calculation of GDP
  4. None of the above.

 

3.With reference to Sustainable Development Goals (SDGs), Which of the following statements is/are correct?

  1. Its goals are broader than the Millennium Development Goals ( MDG)
  2. There are 17 binding goals with 169 specific targets that comprise different socio-economic issues.
  3. It includes specific goals on economic indicators.

Select the correct answer using the codes given below:

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

 

  1. Which of the following are methods for selective credit control in India?
  1. Open Market Operations
  2. Consumer Credit Regulation
  3. Marginal requirements
  4. Repo, reverse repo rates

Select the correct answer using the code given below.

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

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  1. Ramesh deposits his money in a bank. Instead of giving him interest , takes some part of his deposit. When enquired , the bank says , central bank is following negative interest rates. It is a situation of :
  1. Inflation
  2. Deflation
  3. Disinflation
  4. None of the above

 

  1. Which among the following can be considered as working capital?
  1. Tools
  2. Raw material
  3. Machines
  4. Money in hand

Select the correct answer using the code given below.

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

 

  1. The productivity of Indian agriculture can be enhanced by
  1. Increased public investment
  2. Increased irrigation facilities
  3. Higher support price to the farmers
  4. Shifting workers from industry to agriculture

Select the correct answer from the given codes:

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

 

  1. Which of the following financial institutions is/are operating in the money market?
  1. Non-banking financial institutions
  2. Acceptance Houses
  3. Central Bank
  4. Stock Exchanges

Select the correct answer from the given codes:

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

 

  1. Consider the statements regarding Crypto Currencies:
  1. A cryptocurrency is a digital or virtual currency that uses cryptography for security.
  2. It is issued by any central authority which makes the currency developer with immense authority.
  3. It uses blockchain to store an online list of all the transactions.
  4. Cryptocurrencies are the only application of the Blockchain technology.

Which among the above statements is/are true?

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

10.Which among the following organisation releases the World Development Report?

  1. World Bank
  2. IMF
  3. World Economic Forum
  4. Asian Development Bank

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