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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Read the following statements carefully in the context of ‘Gross Domestic Product at Market Prices’:
1. It is the market value of all final goods and services produced within a domestic territory of a country measured in a year.
2. It includes all production done by national residents or the non-residents in a country.
3. It excludes all production done by residents in a country if the production is owned by a foreign company.
Which of the statements given above is/are correct?
With reference to a normal Union Budget, consider the following types of deficits:
1. Fiscal Deficit.
2. Revenue Deficit.
3. Effective Revenue Deficit.
4. Primary Deficit.
Arrange the types of deficits mentioned above in decreasing order and select the correct answer using codes given below:
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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The central and state governments in India are taking special steps to attract foreign companies to invest in India. In this context, consider the following initiatives and select the correct answer using the code given below:
1. Setting up of Special Economic Zones.
2. Reforms in labour laws.
3. Increase in forex reserves.
4. Reduction in import duties.
Which of these initiatives have been undertaken by central and state governments in India to attract foreign investment?
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?
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:
In context of a centrally planned economy, consider the following statements:
1. The government always intervenes to achieve an equitable distribution of the final mix of goods and services amongst the population.
2. All important decisions regarding production, exchange and consumption of goods and services are made by the government.
Which of the statement(s) given above is/are correct?
Which of the following conditions can increase the acceptability of a national currency to be used as an international medium of exchange?
1. The amount of goods that can be bought with a certain amount of that currency does not change frequently.
2. The national currency is freely convertible at a fixed price into another asset like gold.
3. The issuing authority has full control over the value of that asset into which the currency can be converted.
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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’?