April 17, 2024

Indian Economy Quiz: Day 46

Which of the following is/are correct regarding Sovereign Gold Bonds?
1 Gold bonds are government securities denominated in grams of gold.
2. These bonds offer a superior alternative to holding gold in physical form.
3. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
4. The bond is issued by the RBI on behalf of the government.
Select the correct answer using the codes given below:
  • (A) 1, 2 and 4 only
  • (B) 2, 3 and 4 only
  • (C) 1, 2 and 3 only
  • (D) 1, 2, 3 and 4
How many of the below given pair(s) is/are correctly matched?
1. M1 Includes demand deposit in all banks
2. M3 M2 + Time deposits
3. M2 Includes post office savings
  • (A) 1 pair only
  • (B) 2 pairs only
  • (C) All the pairs
  • (D) None of the pairs
Four countries have shown interest in using India’s trade settlement mechanism. The mechanism is a way of using rupees instead of dollars and other currencies for international transactions. The mechanism has already been used by which country?
  • (A) Sudan
  • (B) Indonesia
  • (C) Saudi Arabia
  • (D) Russia 
The Old Pension Scheme guarantees pension at what percentage of the last drawn basic pay?
  • (A) 45%
  • (B) 55%
  • (C) 50%
  • (D) 40%
Which of the following statements is/are correct regarding Indian Railway Catering and Tourism Corporation (IRCTC)?
1. It is wholly owned by the Government of India.
2. It is a Mini Ratna Central Public Sector Enterprise under Ministry of Railways.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
What does the term ‘doxxing’ mean in digital parlance?
  • (A) Disclosing a person’s personal information online
  • (B) Using illegally obtained personal information to blackmail someone online
  • (C) Online faking or theft of identity
  • (D) Redirecting a website’s traffic to a fake version of it
Consider the following statements:
1. India aims to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees.
2. Indian banks are reluctant to lend to electric-bus makers for supply to state transport operators.
Which of the statements give above is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are correct?
1 The State Governments in India have less fiscal consolidation to do than the central government.
2. In recent times, the central government capital expenditure has risen but state capital expenditure has contracted.
Select the answer using the codes below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
This plan aimed at accelerating food grain production, increasing employment opportunities & raising productivity with focus on ‘food, work & productivity’. The plan was very successful as the economy recorded 6% growth rate against the targeted 5%. Which plan is being referred to here?
  • (A) Seventh Five year Plan
  • (B) Eleventh Five year Plan
  • (C) Tenth Five year Plan
  • (D) Sixth Five year Plan
With reference to Indian economy, consider the following?
1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue
Which of the above is/are the component(s) of Monetary Policy?
  • (A) 1 only
  • (B) 2, 3 and 4
  • (C) 1 and 2
  • (D) 1, 3 and 4
Which of the following statement(s) is/are correct regarding Money multiplier?
1. It is the ratio of Broad money (M3) and Reserve Money (M0).
2. When Reserve money increases, Broad money will also increase.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Rangarajan Committee was related to which of the following?
  • (A) Insurance reform
  • (B) Small-scale industries
  • (C) Disinvestment
  • (D) None of these
Workers temporarily unemployed but who normally find jobs quickly are called
  • (A) Frictionally unemployed
  • (B) Cyclically unemployed
  • (C) Seasonally unemployed
  • (D) Structurally unemployed 
Consider the following statements regarding Non-Banking Financial Companies :
1 NBFCs are regulated under Companies Act 2013.
2. They are not required to maintain the reserve ratios unlike commercial banks.
Select the correct statement(s) using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Consider the following statements:
1 India was one of the founder members of General Agreement on Trade and Tariffs.
2. The Uruguay round of GATT led to the creation of WTO.
Select the correct statement(s) using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) None of the above

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