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Subject: Economics

  • Consider the following statements

    Consider the following statements :

    Human capital formation as a concept is better explained in terms of a process which enables

    1. individuals of a country to accumulate more capital.
    2. increasing the knowledge, skill levels and capacities the people of the country.
    3. accumulation of tangible wealth.
    4. accumulation of intangible wealth.

    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:

    1.The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
    2.The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.
    3.As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter.

    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:

    The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat, command the payment system providers that

    1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India
    2. they shall ensure that the systems are owned and operated by public sector enterprises
    3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year

    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:

    1.Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
    2.In terms of PPP dollars, India is the sixth largest economy in the world.
    Which of the statements given above is/are correct?

    (a) 1 only
    (b) 2 only
    (c) Both 1 and 2
    (d) Neither 1 nor 2

  • Consider the following statements

    Consider the following statements:
    1. Most of India’s external debt is owed by governmental entities.
    2. All of India’s external debt is denominated in US dollars.
    Which of the statements given above is / are correct?

  • Consider the following statements

    Consider the following statements:
    1. The value of Indo-Sri Lanka trade has consistently increased in the last decade.
    2. “Textile and textile articles” constitute an important item of trade between India and
    Bangladesh.
    3. In the last five years, Nepal has been the largest trading partner of India in South Asia.
    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:
    1. The weightage of food in Consumer Price Index (CPI) is higher than that Wholesale
    Price Index (WPI).
    2. The WPI does not capture changes in the prices of services, which CPI does.
    3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to
    decide on changing the key policy rates.
    Which of the statements given above is/are correct?

  • With reference to the Indian economy, consider the following statements

    With reference to the Indian economy, consider the following statements:
    1. ‘Commercial Paper’ is a short-term unsecured promissory note.
    2. ‘Certificate of Deposit’ is a long-term instrument issued by the Reserve Bank of India
    to a corporation.
    3. ‘Call Money’ is a short-term finance used for interbank transactions.
    4. ‘Zero-Coupon Bonds’ are the interest bearing short-term bonds issued by the
    Scheduled Commercial Banks to corporations.
    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:
    1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
    2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
    Which of the statements given above is/are correct?

  • Consider the following statements

    Consider the following statements:

    Other things remaining unchanged, market demand for a good might increase if:

    1.The price of its substitute increases.
    2.The price of its complement increases.
    3.The good is an inferior good, and the income of the consumers increases.
    4. Its price falls.
    Which of the above statements are correct?