introduction to indian economy section 7 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) D.N. Ghosh
(b) C. Rangarajan
(c) R.H. Patil
(d) I.V. Reddy
The correct answers to the above question in:
Answer: (a)
Discuss Form
Read more introduction Based Indian Economy Questions and Answers
Question : 1
Golden Hand Shake scheme is the name of
a) Voluntary Retirement Scheme
b) Retirement Scheme
c) One Rank One Pension Scheme
d) Private Sector Retirement Scheme
Answer »Answer: (a)
The Voluntary Severance Scheme (VSS) is popularly known as Golden Hand Shake. It is a stipulation in an employment agreement that states that the employer will provide a significant severance package if the employee loses their job.
A golden handshake is usually provided to top executives for loss of employment through layoffs, firing or even retirement.
Question : 2
Consider the following statements in regard to Headline inflation :
- It provides an accurate picture of the inflation in the country.
- It is affected by short term transitory effects on the prices of products.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
Headline inflation also called WPI inflation is a measure of the total inflation within an economy and is affected by areas of the market which may experience sudden inflationary spikes such as food or energy.
As a result, headline inflation may not present an accurate picture of the current state of the economy as it doesn’t take account of the service sector.
Question : 3
Which of the following does not form a part of the foreign exchange reserves of India ?
a) SDRs
b) Gold
c) Foreign currency assets
d) Foreign currency and securities held by the banks and corporate bodies
Answer »Answer: (d)
Foreign-exchange reserves are assets held by central banks and monetary authorities, usually in different reserve currencies, mostly the United States dollar.
However, the term in popular usage commonly also adds gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.
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