UPSC prelims Online Quiz Economy level 1#18

UPSC prelims online quiz

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Chief Mentor at Oracle IAS

Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.

#1. The expenditure in India is classified as capital and revenue. Which of the following is/are revenue expenditure ? 1. interest payments on debt 2. loans granted by central government 3. subsidies Select the correct answer using the codes given below

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

#2. The Fiscal Responsibility and Budget Management (FRBM) Act aimed for 1. eliminating both revenue deficit and fiscal deficit 2. giving flexibility to RBI for inflation management Which of the statements given above is/are correct ?

1 only

2 Only

Both 1 and 2

Neither 1 nor 2

#3. Consider the following statements: 1. India’s GDP is more than its GNP. 2. Net Factor Income from Abroad (NFIA) is positive for India. Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#4. Financial market is classified into money market and capital market. Which of these are money market instruments ? 1. T-Bills 2. Preference shares 3. Commercial papers Select the correct answer using the codes given below.

1 and 2 only

1 and 3 only

2 and 3 only

1,2 and 3

#5. Consider the following statements about Index of Industrial Production ( IIP ) 1. It is released monthly by Central Statistical Organisation ( CSO ) 2. It shows the volume of industrial activity. Which of the statements given above is/are correct ?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#6. In India, which of the following is/are a mechanism of deficit financing? 1. borrowing from RBI. 2. borrowing from commercial banks. 3. issuing fresh currency notes. Select the correct answer using the codes given below.

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

#7. Receipts in budget can be capital or revenue. Which of these is/are capital receipts? 1. Loan recoveries 2. Provident funds deposits 3. Grants Select the correct answer using the codes given below.

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

#8. All banks are mandated to lend to priority sector. Which of the following would come under Priority Sector Lending ( PSL ) ? 1. loans to corporations 2. loans to Self Help Groups 3. loans to small and marginal farmers 4. loans to state government Select the correct answer using the codes given below:

1 and 2 only

1 and 3 only

2 and 3 only

2,3 and 4 only

#9. With reference to deficit financing, monetized deficit is the part that is financed through

borrowings from public sector scheduled commercial banks

external commercial borrowings

borrowings from RBI

none of the above

#10. Gross capital formation will increase if: 1. gross domestic savings increases 2. gross domestic consumption increases 3. GDP increases Select the correct answer using the codes given below

1 only

1 and 2 only

1 and 3 only

None

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Author
Recent Posts

Hemant Bhatt

Chief Mentor at Oracle IAS

Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.