Consider the following statements:
1. The demand for every good in the market has a direct relationship with increase or decrease in its price.
2. Price elasticity is a measure of the change in demand of product/service in response to changes in income of consumers.
Which of the statement(s) given above is/are correct?
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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.
Select the correct answer using the code given below:
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?
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:
Which among the following are the effects of Globalisation?
1. Increase in employment opportunities.
2. Upliftment of standards of living.
3. Reduction in economic disparities.
4. Rising income of the masses.
Select the correct answer using the code given below:
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)’?
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?
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.
Select the correct answer using the code given below.
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 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:
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?