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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. 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?
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)’?
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?
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?
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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Consider the following statements:
1. A surplus current account means that the nation is a lender to other countries and a deficit current account means that the nation is a borrower from other countries.
2. The capital account deals with the change in ownership of a country’s assets, and the current account reflects the change in a country’s net income.
3. Developing nations typically run very large capital account deficits in proportion to their GDP, which are financed by loans and grants on the current account.
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.
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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’?
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: