public finance fiscal & monetary policy section 5 Practice Questions Answers Test with Solutions & More Shortcuts
Fiscal Policy, Public Finance and Monetary Policy PRACTICE TEST [7 - EXERCISES]
public finance fiscal & monetary policy section 1
public finance fiscal & monetary policy section 2
public finance fiscal & monetary policy section 3
public finance fiscal & monetary policy section 4
public finance fiscal & monetary policy section 5
public finance fiscal & monetary policy section 6
public finance fiscal & monetary policy section 7
Question : 21
Consider the following statements: The Indian rupee is fully convertible:
- in respect of Current Account of Balance of payment
- in respect of Capital Account of Balance of payment
- into gold
a) 1 alone
b) 1 and 2
c) 3 alone
d) 1, 2 and 3
Answer »Answer: (a)
In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.
Question : 22
Consider the following statements regarding fiscal policy:
- Contractionary fiscal policy involves government spending exceeding tax revenue.
- Expansionary fiscal policy occurs when government spending is lower than tax revenue.
a) 1 and 2 both
b) 2 only
c) 1 only
d) None
Answer »Answer: (d)
Expansionary fiscal policy involves government spending exceeding tax revenue, and is usually undertaken during recessions. Contractionary fiscal policy occurs when government spending is lower than tax revenue, and is usually undertaken to pay down government debt.
Question : 24
Consider the following statements in respect of Financial Commission:
- It is mandatory to appoint a Finance Commission every five years.
- Finance Commission lays down the principles governing grant-in-aid to states.
- Finance Minister is the ex-officio Chairperson of the Finance Commission.
- The award given by the Finance Commission is binding on Central and State governments.
a) 1, 2, 3 and 4
b) 1, 2 and 3
c) 1, 2 and 4
d) 1, 3 and 4
Answer »Answer: (c)
Question : 25 [SSC CGL Pre 2003]
What is referred to as “Depository Services” ?
a) An advisory service to investors
b) A method of regulating stock exchanges
c) A new scheme of fixed deposits
d) An agency for safe-keeping of securities
Answer »Answer: (d)
A Central Securities Depository (CSD) is an organization holding securities either in certificated or un-certificated (dematerialized) form, to enable the book-entry transfer of securities.
In some cases, these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities.
The physical securities may be immobilized by the depository or securities may be dematerialized (so that they exist only as electronic records).
The following are depository services:
- Demat accounts;
- Dematerialization;
- Rematerialization;
- Transfer of securities; and
- Pledge services.
IMPORTANT indian economy mcq EXERCISES
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Fiscal Policy, Public Finance and Monetary Policy 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
-
» Poverty & Unemployment
-
» Introduction to Micro Economics
-
» Introduction to Macro Economics
-
» Macro fundamentals, GDP, Investment, Growth
-
» 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
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
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