introduction to indian economy section 2 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
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introduction to indian economy section 14
Question : 21
The effect of a government surplus upon the equilibrium level of NNP [Net National Product] is substantially the same as
a) an increase in saving
b) an increase in consumption
c) an increase in investment
d) a decrease in saving
Answer »Answer: (b)
The effect of a government surplus upon the equilibrium level of NNP (Net National Product) is substantially the same as an increase in consumption.
Question : 22
Consider the following statements:
- Infant mortality rate takes into account the death of infants within a month after birth.
- Infant mortality rate is the number of infant deaths in a particular year per 100 live births during that year.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (d)
Infant mortality rate indicates the number of infant death under one years of age per 1000 live birth under one year of age.
Question : 23
The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called :
- Statutory Bank Ratio (SBR)
- Statutory Liquid Ratio (SLR)
- Central Bank Reserve (CBR)
- Central Liquid Reserve (CLR)
a) All of the above
b) 1 and 4 only
c) 2 and 3 only
d) 2 only
Answer »Answer: (d)
Banks are required to invest a portion of their statutory liquidity ratio besides CRR.
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, cash or government-approved securities before providing credit to the customers.
SLR is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.
Question : 24
The problem of overpopulation can be solved by
- An effective employment policy, which can absorb the growing number of workers and promote economic growth.
- An imaginative family planning programme to encourage families to adopt the small family norm.
a) 2 only
b) 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Over population of India can be controlled by providing maximum employment and giving proper education how to control population.
Question : 25 [SSC CPO 2005]
The Government resorts to devaluation of its currency in order to promote
a) international goodwill
b) national income
c) exports
d) savings
Answer »Answer: (c)
A country devalues its currency in order to promote exports. A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. There are two implications of devaluation.
First, devaluation makes the country’s exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports.
This may help to increase the country’s exports and decrease imports, and may therefore help to reduce the current account deficit. One typical example is Thailand in the 1998 Asian financial crisis.
The baht was pegged at 25 to the US dollar before the crisis. During the crisis, the slowdown in export growth caused Thailand to abandon the dollar peg and devalue its currency in order to promote exports.
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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