Q. The central bank of a developing country like India allows the domestic currency to devaluate
I. Boost exports
II. Shrink trade deficits
III. Reduce Sovereign debt burdens
The correct code is -
1) Only I
2) Only I and II
3) Only II
4) All I, II and III
Q. Which of the following results in an expansionary fiscal policy?
I. Reduction in tax rates.
II. Increase in transfer payments.
III. Higher public expenditure on projects such as infrastructure development.
The correct code is -
1) Only I
2) Only I and III
3) Only II and III
4) All I, II, and III
Q. The value of the Gross Domestic Product (GDP) of India is published by PIB in -
1) US Dollar
2) Yen
3) Yuan
4) Indian Rupee
Q. Who among the following first argued that in the face of high deficits, people save more?
1) Amartya Sen
2) Esther Duflo
3) Adam Smith
4) David Ricardo
Q. What is a 'Unicorn Company' often mentioned in Indian news?
1) Any privately held startup company with a value of over $ 1 billion
2) Any public sector company to be merged with another public sector company
3) Privatization of any loss-making State-owned company
4) Any foreign multinational company doing business in India in collaboration with ai Indian company
Q. When is the National Startup Day celebrated in India every year?
1) 16th January
2) 12th January
3) 20th January
4) 24th January
Q. Which of the following organizations is known as Market Regulator in India?
1) SEBI
2) IBA
3) AMFI
4) NSDL
Q. Who among the following is the founder of the World Economic Forum?
1) Klaus Schwab
2) John Kenneth Galbraith
3) Robert Zoellick
4) Paul Krugman
Q. In a Socialist Economy, all the factors of production are owned and controlled by -
1) The public
2) The producers
3) The state
4) The labour-unions
Q. Marginal Productivity of labour is zero. It indicates which type of unemployment?
1) Open unemployment
2) Seasonal unemployment
3) Disguised unemployment
4) Structural unemployment
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