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Consider the following statements:
1. It issues currency of the country.
2. It controls money supply of the country.
3. It acts as a banker to the government.
4. It acts as a bank to the banking system.
5. It is the lender of last resort.
Which of the statements given above correctly define the functions of ‘Reserve Bank of India’?
In context of economic theory, a perfectly competitive market will have which of the following defining features?
1. The market consists of a large number of buyers and sellers.
2. Each firm can produce and sell all types of products.
3. Entry into the market as well as exit from the market are free for firms.
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In context of the difference between ‘devaluation and depreciation’, consider the following statements:
1. Devaluation is the deliberate downward adjustment of a country's currency value, whereas depreciation is a fall in the value of a currency.
2. Devaluation is more relevant in a fixed or semi-fixed exchange rate, whereas depreciation is more relevant in a floating exchange rate.
3. Devaluation makes imports more expensive, and exports more competitive, whereas depreciation makes imports cheaper, and exports less competitive.
Which of the statements given above are correct?
Which of the following economic terms reflects the total borrowing requirement of the Government?
1. Fiscal Deficit
2. Revenue Deficit
3. Effective Revenue Deficit
4. Primary Deficit
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Consider the following statements:
1. In microeconomics, we study the behaviour of individual economic agents in the markets for different goods and services.
2. In macroeconomics, focus is on the overall performance of the economy.
Which of the statement(s) given above is/are NOT correct?
Which of the following statements regarding the differences between Consumer Price Index (CPI) and GDP Deflator are correct?
1. While CPI does not represent all the goods which are produced in a country, GDP deflator takes into account all such goods and services.
2. While CPI does not include prices of imported goods, GDP deflator includes prices of imported goods.
3. While the weights are constant in CPI, they differ according to production level of each good in GDP deflator.
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To meet the requirements of the fiscal deficit, the Union government not only borrows directly from the public through debt instruments but also indirectly from commercial banks through:
Which of the following would result in appreciation of the domestic currency (rupee) in terms of foreign currency (US dollar)?
1. Rise in the interest rates in India.
2. Increase in income of Indians in comparison to Americans.
2. Aggregate demand of India grows faster than the rest of the world’s demand.
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Consider the following statements:
1. RBI carries out the Open Market Operations (OMOs) through commercial banks and also directly with the public.
2. If central bank signals that it will move to a ‘neutral’ liquidity stance from a ‘deficit’ stance, it means more liquidity is likely develop in the system in future.
Which of the statements given above is/are correct?
With reference to Indian Economy, which among the following is/are classified as foreign investment:
1. Investment made by Multinational Corporations (MNCs).
2. FDI under government route.
3. External Commercial Borrowings.
4. Foreign investor investing in an Indian small scale industrial unit.
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