Consider the following statements with reference to ‘Balance of Trade (BOT)’:
1. Difference between value of exports and value of imports of goods of a country in a given period of time.
2. Difference between the value of exports and value of imports of services of a country in a given period of time.
3. Difference between the value of exports and value of imports of services and assets of a country in a given period of time.
4. Difference between the value of capital account and the value of current account of a country in a given period of time.
Which of the statements given above correctly defines the term ‘Balance of Trade (BOT)’?
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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?
Consider the following statements:
1. Reserve Bank of India allowed stock exchanges to start the T+1 Settlement system for completion of share transactions.
2. T+1 settlement system will help in reducing the number of outstanding unsettled trades at any instant.
3. A shortened cycle not only reduces settlement time but also frees up the capital required to collateralize that risk.
Which of the statement(s) given above is/are correct?
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.
Select the correct answer using the code given below:
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?
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’?
Consider the following statements about the ‘Cash Reserve Ratio (CRR)’:
1. It is the percentage of deposits which every bank must keep as cash reserves with the central bank.
2. Banks cannot lend the CRR money to corporates or individual borrowers but they can use that money for investment purposes.
3. Banks earn interest on the CRR money kept with the central bank.
Which of the statements given above is/are correct?
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?
Which of the following is generally the largest source for financing the ‘fiscal deficit’ of the Union government?
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.
Select the correct answer using the code given below.
With reference to market economy, consider the following statements:
1. All economic activities are organised through the market.
2. In a market system, all goods or services come with a price.
3. Information about how much and what to produce is provided by the government.
Select the correct answer using the code given below: