INSIGHT UPSC QUIZ

With reference to the sources of credit in Indian economy, consider the following statements: 

1. Reserve Bank of India supervises the functioning of formal sources of loans. 

2. The Cooperatives supervise the credit activities of lenders in the informal sector.

Which of the statement(s) given above is/are NOT correct?

In order to balance any deficit in its balance of payments, a country can use which of the following financial measures?

1. Surplus in the capital account.

2. Official reserve sale.

3. Autonomous Transactions.

4. Accommodating Transactions.

Select the correct answer using the code given below.

Which among the following are the examples of ‘indirect taxes’? 

1. Wealth tax 

2. Excise taxes 

3. Corporation tax

4. Customs duties 

5. Service tax 

Select the correct answer using the code given below.

Which among the following are the examples of ‘indirect taxes’? 

1. Wealth tax 

2. Excise taxes 

3. Corporation tax

4. Customs duties 

5. Service tax 

Select the correct answer using the code given below.

With reference to the sources of credit in Indian economy, consider the following statements: 

1. Reserve Bank of India supervises the functioning of formal sources of loans. 

2. The Cooperatives supervise the credit activities of lenders in the informal sector.

Which of the statement(s) given above is/are NOT correct?

In context of the relationship between ‘interest rates and demand for money’, consider the following statements:

1. The purchasing power of money increases with the rising price level.

2. When interest rate goes up, people become less interested in holding money.

3. At higher interest rate, the demand for money comes down. 

Which of the statements given above are correct?

Deviations from the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 are allowed under which of the following cases?

1. Implementation of the Core of the Core Schemes of the Union Government.

2. Collapse of agriculture severely affecting farm output and incomes.

3. Structural reforms in the economy with unanticipated fiscal implications.

4. Decline in real output growth of a quarter by at least three per cent points below its average of the previous four quarters.

Select the correct answer using the code given below.

 Which of the following types of deposits are regarded as part of money supply?

1. Currency (notes plus coins) held by the public.

2. Net demand deposits held by commercial banks. 

3. Net time deposits of commercial banks.

4. Savings deposits with Post Office savings banks.

5. Interbank deposits which a commercial bank holds in other commercial banks.

Select the correct answer using the code given below.

 Open Market Operations are defined as purchase and sale by central bank of variety of assets such as:

1. Foreign exchange.

2. Gold.

3. Government securities.

4. Treasury bills.

5. Company shares.

Select the correct answer using the code given below.

In order to balance any deficit in its balance of payments, a country can use which of the following financial measures?

1. Surplus in the capital account.

2. Official reserve sale.

3. Autonomous Transactions.

4. Accommodating Transactions.

Select the correct answer using the code given below.