Q. Disguised unemployment generally means -
1) Large number of people remain unemployed
2) Alternative employment is not available
3) Marginal productivity of labour is zero
4) Productivity of workers is low
Q. The terms 'Marginal Standing Facility (MSF) Rate' and 'Net Demand and Time Libilities', sometimes appearing in news, are used in relation to -
1) banking operations
2) communications networking
3) military strategies
4) supply and demand of agricultural products
Q. In the context of India, which of the following factors is/ are contributor/ contributors to reducing the risk of a currency crisis ?
1. The foreign currency earnings of India's IT sector.
2. Increasing the government expenditure.
3. Remittances from Indians abroad.
Select the correct answer using the code given below :
1) 1 only
2) 1 and 3 only
3) 2 only
4) 1, 2 and 3
Q. Which of the following is not included in the assets of a commercial bank in India ?
1) Advances
2) Deposits
3) Investments
4) Money at call and short notice
Q. There has been a persistent deficit budget year after year.
Which action/ actions of the following can be taken by the Government to reduce the deficit ?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below :
1) 1 only
2) 2 and 3 only
3) 1 and 3 only
4) 1, 2, 3 and 4
Q. A 'closed economy' is an economy in which -
1) the money supply is fully controlled
2) deficit financing takes place
3) only exports take place
4) neither exports nor imports take place
Q. The lowering of Bank Rate by the Reserve Bank of India leads to (2011) -
1) More liquidity in the market
2) Less liquidity in the market
3) No change in the liquidity in the market
4) Mobilization of more deposits by commercial banks
Q. Why is the offering of 'teaser loans' by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/ are correct?
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2
Q. The Economic Survey is complied by -
1) Office of economic advisor
2) Central Statistical Office (CSO)
3) National Sample Survey Organization (NSSO)
4) Department of economic affairs
Q. 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 :
1) 1 and 2 only
2) 1 and 3 only
3) 2 and 3 only
4) 1, 2 and 3
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