Indian Economy Exam

The Laffer curve is the graphical representation of :

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The relationship between tax rates and absolute revenue these rates generate for the government
The inverse relationship between the rate of unemployment and the rate of inflation in an economy
The inequality in income distribution
The relationship between environmental quality and economic development

Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?

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GDP Deflator
CPI-AL/RL
CPI-IW
WPI

The central nodal agency for implementing the price support operations for commercial crops is:

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NAFED
NABARD
TRIFED
FCI

Reserve Tranche Position (RTP) is a term used in context with __________?

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Reserve Bank of India
Federal Reserve Bank (of America)
World Bank
International Monetary Fund

In which year Food Safety and Standards Act was enacted in India?

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2004
2005
2006
2007

Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true?

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Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode
The scheme is administered by the ministry of finance
Sectors eligible for VGF are Infrastructure, health and education
VGF is a force multiplier, enabling government to leverage its resources more effectively

Which among the following was the first bank purely managed by Indians?

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Oudh Commercial Bank
Punjab National Bank
Bank of India
Allahabad bank

The concept of ‘Universal Banking’ was implemented in India on the recommendations of:

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Abid Hussain Committee
R H Khan Committee
S Padmanabhan Committee
Y H Malegam Committee

The minimum interest rate of a bank below which it is not viable to lend, is known as ___________:

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Reserved Rate
Base Rate
Marginal Rate
Prime Lending Rate

Which among the following programmes is not being implemented in India with assistance of World Bank?

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National Vector Borne Disease Control and Polio Eradication
National Rural Livelihoods Project
PMGSY Rural Roads Project
Delhi Mumbai Industrial Corridor Project

What is the share of Government of India in NABARD?

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0.5
0.51
0.75
0.99

What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?

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75% and 90%
90% and 75%
10% and 25%
25% and 10%

Devaluation of currency can correct a Balance of Payments deficit because _________.

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It lowers price of exports in foreign currency and rises price of imports in home currency
It raises price of exports in foreign currency and lowers price of imports in home currency
It raises price of exports and imports in foreign currency
It lowers price of exports and imports in home currency

If you go to the market and purchase an Air conditioner for your factory, then in economic terminology, you are most probably doing which among the following?

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Consumption
Production
Asset Creation
Investment

Maximum share in total external debt of India is of _____________.

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Long-term borrowings
Short Term Borrowings
Medium Term Borrowings
Ultra-Long term borrowings

Which among the following is not a subsidiary of RBI?

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National Housing Bank
NABARD
Bharatiya Reserve Bank Note Mudran Private Limited
SIDBI

What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme?

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Rs. 50,000
Rs. 100,000
Rs. 200,000
Rs. 500,000

Which among the following is the oldest Public Sector Bank of India?

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Punjab National Bank
Imperial Bank of India
Allahabad Bank
Central Bank of India

Why the Indirect taxes are termed regressive taxing mechanisms?

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They are charged at higher rates than direct taxes
They are charged the same for all income groups
They are not charged the same for all income groups
None of these

What term is used for maximum capital which the company can raise in its life time?

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Authorized Capital
Registered Capital
Nominal Capital
All of these

Which among the following closest instrument to Gold ETF?

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Debenture
G-Sec security
Mutual Fund
Commercial Paper

Which of the following agricultural commodity of India gives largest in terms of export value?

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Tea
Basmati Rice
Spices
Cotton

Which of the following is used to denote broad money?

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M1
M2
M3
M4

Which among the following is a qualitative tool of monetary policy?

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Bank Rate
Credit Ceiling
Credit rationing
Cash Reserve Ratio

Inflation Indexed Bonds is pegged to _________?

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WPI
CPI
Both WPI and CPI
None of these

Which of the following best defines a floating-rate bond?

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A bond with a fixed interest rate and has better yield than varying interest rate bond
A bond with a fixed interest rate and has lower yield than varying interest rate bond
A bond with a varying interest rate and has better yield than fixed interest rate bond
A bond with a varying interest rate and has lower yield than fixed interest rate bond

Round tripping is used as a ___________?

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Policy to boost FDI in country
Means of tax evasion
Policy of export promotion
Calculation of National Income

Currently, which among the following products is facing imports ban from China?

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Milk and Milk products
Rice
Telecom equipment
Heavy electrical engineering equipment

Which among the following is not a pillar of Basel III?

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Minimum capital standards
Supervisory review
Market discipline
Consolidation of assets

Which of the following schemes have been subsumed in the recently approved Ayushman Bharat – National Health Protection Mission (AB-NHPM)?

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Rashtriya Swasthya Bima Yojana (RSBY)
Senior Citizen Health Insurance Scheme (SCHIS)
National Life Insurance Scheme
1 and 2

Indian Economy Exam : Question 1 of 30