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Fiscal deficit is :
48-52nd BPSC
Revenue expenditure - Revenue receipts
Capital expenditure - Capital receipts - Market borrowings
Sum of budget deficit and Govt's market borrowings and liabilities
None of the above
If interest payments are subtracted from gross fiscal deficit, the remainder will be :
Gross primary deficit
Budgetary deficit
Revenue deficit
None of the above
Revenue deficit in India implies that :
66th BPSC
the Indian Government needs to borrow in order to finance its expenses which will create capital assets
the Indian Government needs to borrow in order to finance its expenses which do not create capital assets
the Indian Government needs to borrow from the Reserve Bank of India against government securities
None of the above
After deducting grants for the creation of capital assets from revenue deficit, we arrive at :
Fiscal Deficit
Primary Deficit
Effective Revenue Deficit
None of the above
Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development. But if it fails, it generates :
deflation
demonetization
Inflation
None of the above
In India, headline inflation is based on :
Consumer Price Index- Combined (CPI-C)
Consumer Food Price Index (CFPI)
Wholesale Price Index (WPI)
None of the above
Which of the following price index is used to compensate the wages of Central Government employees?
Wholesale Price Index
Consumer Price Index for Industrial Workers
Consumer Price Index for Agricultural Labourers
None of the above
What is the name of the difference between the total revenue and total expenditures of a country in a year?
Fiscal Deficit
Revenue Deficit
Primary Deficit
None of the above
If the interest rate is decreased in an economy, it will :
decrease the consumption expenditure in the economy
increase the tax collection of the Government
increase the investment expenditure in the economy
None of the above
Lowering the Cash Reserve Ratio, it will have the which impact on the economy:
66th [RE] BPSC
Banks will have higher leverage to liquidity
The economy may see increased investment
Supply of currency In the Economy may broaden
More than one of the above
If the Cash Reserve Ratio is lowered by the RBI, it's impact on credit creation will be :
48-52nd BPSC
Decrease
Increase
No Impact
None of the above
The rate at which banks lend to Reserve Bank of India is known as :
Bank Rate
Repo Rate
Reverse Repo Rate
None of the above
Bank Rate implies the rate of interest :
UPSC 1995
paid by the Reserve Bank of India on the deposits of commercial banks
charged by banks on loans and advances
at which the Reserve Bank of India discounts Bills of Exchange
payable on Bonds
Bank rate means :
60-62nd BPSC
Interest rate charged by Scheduled Banks
Rate of Profit of Banking Institution
Official rate of interest charged by Central Bank
None of the above
Consider the following statements about ‘Rules of Origin’ :
1. Rules of Origin are the criteria needed to determine the national source of a product.
2. Rules of Origin help the custom agencies to know what regulations and fees apply to a given product.
3. These are used for the purpose of trade statistics.
4. Their importance is derived from the fact that duties and restrictions in several cases depend upon the sources of imports.
Which of the above statements are correct?
69th BPSC
Only 1 and 2
Only 3 and 4
Only 1, 3 and 4
All of the above
Mixed economy means :
Where public sector and private sector co-exist in the national economy
Where process of globalization is affected by heavy dose of swadeshi in national economy
Where the Centre and States are equal partners in economic planning and development
None of the above
The Balance of Payments (BoP) of a country is a systematic record of :
UPSC 2013
all import and export transactions of a country during a given period of time, normally a year
goods exported from a country during a year
economic transaction between the government of one country to another
None of the above
With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
Select the correct answer using the code given below.
1 only
2 and 3
1 and 3
2 and 4
What is Current Account Deficit (CAD)?
Excess amount drawn over the total deposit amount in Current Accounts of the Banks
Deficit due to excess of Govt. expenditure over Govt. Revenue in current year
Deficit caused due to excess of total imports over total exports during the year
None of the above
Globalization of Indian Economy means :
stepping up external borrowings
establishing Indian business abroad
having minimum possible restrictions on economic relations with other countries
None of the above
Globalization does not include :
63rd BPSC
reduction in import duties
abolition of import licensing
disinvestment of Public Sector Equity
None of the above
Which one of the following statements about ‘Globalization’ is not correct?
It has encouraged Indian industrialists to seek foreign investments
It has created a sense of optimism among small entrepreneurs in India
It has tempted foreign companies to buy Indian companies.
None of the above
Encouraging more multinational companies in India is to promote the policy of :
Privatization
Globalization
Liberalization
More than one of the above
Free trade zone is one where :
trade is done without restriction
any entrepreneur is free to start industries
industries are free from excise duties and produce for exports
None of the above
What is the full form of EPCG?
65th BPSC
Export Promotion Consumer Goods
Exchange Programme for Consumer Goods
Export Promotion Capital Goods
None of the above
Which of the following constitute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment.
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below :
UPSC 2013
1, 2 and 3
1, 2 and 4
2, 3 and 4
1, 2, 3 and 4
Which of the following statement about green bond is NOT true?
Green Bond investment is only for climate friendly projects.
Green bonds were first introduced by European Investment Fund in 2007
Green Bonds are fixed interest loan with short date maturities
None of the above
Which of the following is a bond through which Indian entities can raise money from foreign markets in rupees, and not in foreign currency?
60-62nd BPSC
Corporate Bonds
Masala Bonds
Municipal Bonds
None of the above
TRIMs stands for :
63rd BPSC
Trade-Related Income Measures
Trade-Related Incentives Measures
Trade-Related Investment Measures
None of the above
Despite being a high saving economy, capital formation may not result in significant increase in output due to :
illiteracy
high population density
high capital-output ratio
None of the above
What does infant mortality rate refer to?
56-59th BPSC
The ratio of number of children who die before their fifth birthday out of every 1000 live births
The ratio of number of children who die before their first birthday out of every 1000 live births
The ratio of number of children who die before their fifth birthday out of every 100 live births
The ratio of number of children who die before their first birthday out of every 10000 live births
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
3. increasing the skill levels
4. increasing the knowledge, skill levels and capacities of the people of the country
Select the correct answer using the codes given below.
69th BPSC
Only 1
1 and 2
3 and 4
Only 4
Consider the following statements regarding insolvency and bankruptcy :
1. Bankruptcy refers to a financial state in which an individual or entity is unable to pay off their debts as they become due.
2. Insolvency refers to a legal process, where the assets of the debtor are liquidated or reorganized for the benefit of creditors.
3. Bankruptcy is a state whereas insolvency is the conclusion.
4. The Insolvency and Bankruptcy Board of India (IBBI) is the regulatory body responsible for overseeing insolvency and bankruptcy proceedings.
Which of the above statements is/are correct?
69th BPSC
1, 2 and 3
2, 3 and 4
Only 4
Only 1 and 2
The idea of ‘Rurbanization’ was elaborated by which one of the following sociologists?
UPPSC 2022
M. N. Srinivas
Yogendra Singh
G. S. Ghurye
None of the above
Which of the following partly defines the micro-enterprise in India?
67th [RE] BPSC
Annual turnover not more than Rs 15 crore
Annual turnover of more than Rs 5 crore.
Investment in Plant and Machinery or equipment not more than 1 crore
None of the above
Which one of the following is not correctly matched with the standardization marks related to consumer protection?
Agmark – Food Products
Ecomark – Domestic Consumer Products
Hallmark – Precious metals
Woolmark – Cotton and Silk fabrics
PIN in banking transaction is known as -
Postal Index Number
Permanent Identification Number
Personal Identification Number
None of the above
Which of the following statements is incorrect about the CASA (Current A/c and Saving Banks A/c) deposits of Commercial Banks?
Based on behavioural CASA is considered stable and adjusted in the longer end asset- liability bucket
CASA balances the asset-liability gaps
CASA reduces the Interest Related Risks in Bank's Balance sheet (IRRBB)
CASA lowers the capital requirement. Since capital is far more expensive than CASA, banks would not mind paying higher rates for 'SA'
Liquidity in banking system is regulated by --
I. Repo Rate
Il. Reverse Repo Rate
III. Cash Reserve Ratio
IV. Marginal Cost of Funds
How many options given above is/are correct?
1
2
3
4
Consider the following statements in relation to Public Accounts of India
I. This fund was constituted under Article 266(2) of the Constitution of India.
II. It accounts for flows for those transactions where the government is merely acting as a banker.
Correct code is ––
Only I
Only II
Both I and II
Neither I nor II
Which of the following is not a source of 'Off Budget Borrowing' ?
Borrowing from RBI under 'ways and means advances'
Borrowing by the Public Sector Enterprises on behalf of the government
Establishing the Special purpose vehicle for a particular project
Raising funds through small savings schemes
Which of the following statements are correct regarding Exchange Rate Determination in India ?
1. Real Effective Exchange Rate (REER) - Measure of the value of a country's currency against a basket of other currencies, taking into account exchange rates with its major trading partners.
2. Nominal Effective Exchange Rate (NEER) - Measure of the value of a country's currency against a basket of other currencies, adjusted for differences in price levels or inflation rates between the home country and its trading partners.
Select the answer using the code given below.
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
Which of the following statements about Government Securities Lending (GSL) is true?
Under GSL, the owner (lender) lends eligible G-Secs to a borrower for a fee on collateral of other G-Secs, for a specified period.
G-Secs issued by the Central Government, excluding Treasury Bills (T-Bills), are eligible for lending/borrowing under GSL.
G-Secs issued by the Central Government, including T-Bills, and State Government bonds are eligible for placing as collateral under GSL.
All of the above
Which of the following statements is true about insurance penetration and insurance density?
1. Insurance penetration is measured as the ratio of premium to population (per capita premium).
2. Insurance density is measured as the percentage of insurance premium to Gross Domestic Product (GDP).
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
In India, businesses with an investment upto Rs. 1 crore and turnover upto Rs. 5 crore are known as :
Small Enterprise
Micro Enterprise
Medium Enterprise
None of the above
Under which of the following circumstances may “capital gains” arise?
1. When there is an increase in the sales of a product
2. When there is a natural increase in the value of the property owned
3. When you purchase a painting and there is a growth in its value due to increase in its popularity
Select the correct answer using the codes given below :
UPSC 2012
1 only
2 and 3 only
2 only
1, 2 and 3
What does venture capital mean?
UPSC 2014
A short-term capital provided to industries
A long-term start-up capital provided to new entrepreneurs
Funds provided to industries at times of incurring losses
None of the above
The lowering of Bank Rate by the Reserve Bank of India leads to:
More liquidity in the market
No change in the liquidity in the market
Mobilization of more deposits by commercial banks
None of the above
In India, deficit financing is used for raising resources for
economic development
adjusting the balance of payments
reducing the foreign debt
None of the above
The primary purpose of Monetary Policy is to maintain
