Q. Who fixes the REPO rate in India?
1) IMF - International Monetary Fund
2) RBI - Reserve Bank of India
3) NITI Ayog
4) SEBI - Securities and Exchange Board of India
Q. Which one of the following does not influence the quantity demanded for a good?
1) Good's own price
2) Price of a complementary good
3) Price of a substitute good
4) Prices of inputs into production of the good
Q. Which one of the following would be considered Foreign Direct Investment?
1) A foreign company buying shares in stock exchanges in India
2) A foreign country pension fund investing in Indian stock markets
3) A foreign merchant banker buying shares from Indian stock markets
4) A foreign entity setting up an educational institution in India
Q. Which one of the following best describes BRICS?
1) A group of five nuclear powers
2) A group of five industrialized nations
3) A group of five major emerging economies
4) A group of five potentially strong UN Security Council members from the Countries of the Global South
Q. Which one of the following items is not covered under GST?
1) Cosmetics
2) Medical grade oxygen
3) Jewellery
4) Petrol
Q. Which one of the following terms denotes the inputs in terms of tools, machines, buildings, raw materials, and money in hand required at any stage of production?
1) Fixed capital
2) Working capital
3) Physical capital
4) Human capital
Q. Who among the following, first mooted the idea of deficit financing?
1) Adam Smith
2) Alfred Marshall
3) John Maynard Keynes
4) Milton Friedman
Q. The provisions of priority sector lending do not apply to -
1) Regional Rural Bank (RRB)
2) Small Finance Bank (SFB)
3) Payments Bank (PB)
4) Primary (Urban) Cooperative Bank (UCB) other than Salary Earners' Bank
Q. Government of which country has proposed the 'burp and fart' tax?
1) Denmark
2) Russia
3) New Zealand
4) Australia
Q. The big decline in the exchange rate of the Indian Rupee against the US Dollar is helping -
1) Indian investors who have invested abroad
2) Indian exporters
3) Indian lenders to residents of foreign countries
4) All of the above
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