Revision Series | Economy | Miscellaneous | 58

December 21, 2023

Consider the following statements:
1. The IMF has reclassified India’s “de facto” exchange rate regime to “stabilized arrangement” from “floating” for December 2022 to October 2023.
2. India’s exchange rate flexibility remains the first line of defense in absorbing external shocks.
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

Show Answer

Answer: (C)

Consider the following statements regarding Value investing:
1. It is a style of investing that involves buying assets such as stocks, bonds, real estate etc. at a price that is below their intrinsic value.
2. Value investors believe that an asset’s price, while it may fluctuate widely in the short-run, will move towards its intrinsic value in the long-run.
Select the incorrect statement(s) using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (d)

Consider the following statements:
1. The unemployment rate (UR) is the share of unemployed persons in the labour force.
2. In FY23, the overall LFPR in India was 39.5%, the lowest since at least FY17, including the pandemic years.
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

Show Answer

Answer: (C)

Consider the following statements:
1. Surat Diamond Bourse (SDB), the world’s largest and modern centre for international diamond and jewellery business.
2. The SDB building is the world’s largest office complex with over 67 lakh square feet of floor area.
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

Show Answer

Answer: (C)

Consider the following statements regarding the One Nation One Ration Card (ONORC) scheme:
1. It is being implemented by the Department for the nationwide portability of ration cards under National Food Security Act (NFSA).
2. This system allows all NFSA beneficiaries, particularly migrant beneficiaries, to claim either full or part food grains from any Fair Price Shop.
Select the incorrect statement(s) using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (D)

Tax Inspectors Without Borders (TIWB), a joint initiative of?

(A) Organisation for Economic Cooperation and Development and WTO.
(B) WTO and United Nations Development Programme.
(C) United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).
(D) None of the above

Show Answer

Answer: (c)

Which of the following statement(s) is/are correct?
1. Gross Domestic Product represents the total amount of goods and services produced by the residents of a country within a financial year.
2. Gross National Product represents the total amount of goods and services produced in a country within financial year.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (d)

Which of the following statement(s) is/are correct regarding Human Development Index?
1. Human Development Index is prepared by World Economic Forum.
2. Access to knowledge is one of its indicators.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (b)

Identify the correct sequence in descending order as per the weightage in the Consumer Price Index (CPI) Combined?
1. Food and Beverages
2. Intoxicants
3. Housing
Fuel
Select the answer using the codes given below:

(A) 1-4-3-2
(B) 2-3-1-4
(C) 1-3-4-2
(D) 2-4-3-1

Show Answer

Answer: (c)

Which of the following statement(s) is/are correct?
1. The share of manufacturing in our GDP stands at 15 per cent.
2. The government has launched the new industrial policy 2023 to improve the share of manufacturing.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (A)