Q.55·Economy·EasyWhich of the following best represent the concept of differentiated banks in India? 1. Small Finance Banks 2. Payment Banks 3. Regional Rural Banks 4. The Industrial Development Bank of India Select the correct answer using the code given below:View question
Q.56·Economy·EasyWhich of the following indicates/ indicate that an economy is following a system of progressive taxation? 1. Having only one rate for GST 2. Cess on income tax in the highest tax bracket 3. Tax exemption in low income bracket Select the correct answer using the code given below:View question
Q.57·Economy·EasyConsider the following statements with respect to inflation: 1. Inflation is good for those who lend money, than for those who borrow money. 2. Inflation is good for those who make the products, than for those who buy it. Which of the statements given above is/are correct?View question
Q.58·Economy·EasyConsider the following statements: 1. An increase in fiscal deficit indicates government is resorting to borrowings to meet its day-to-day expenses. 2. A higher revenue deficit is more dangerous than a higher fiscal deficit in the economy. Which of the statements given above is/are correct?View question
Q.59·Economy·EasyWhich of the following steps taken by the government is/are expected to bring about fiscal consolidation in the economy? 1. Introduction of GST 2. Disinvestment 3. Introduction of One Rank One Pension Select the correct answer using the code given below:View question
Q.60·Economy·EasyWhich of the following constitute the ‘World Bank’? 1. The International Bank for Reconstruction and Development (IBRD) 2. The International Development Association (IDA) 3. The International Finance Corporation (IFC) 4. The Multilateral Investment Guarantee Agency (MIGA) 5. The World Intellectual Property Organization (WIPO) Select the correct answer using the code given below:View question
Q.61·Economy·EasyConsider the following statements: 1. Output at current prices reflects the real growth in production of goods and services in the economy. 2. The ratio of output at current prices over output at constant prices for a given period reflects the inflation in the economy. Which of the statements given above is/are correct?View question
Q.62·Economy·EasyWhich of the following statements is/are correct? 1. Gross Domestic Product (GDP) is the value of all the final goods and services produced by a nation during one year period. 2. Net Domestic Product (NDP) is the GDP calculated after adjusting the weight of the value of ‘depreciation’. Select the correct answer using the code given below:View question
Q.63·Economy·EasyWhich of the following sectors used to have larger share in India’s GDP at the time of her independence?View question
Q.64·Economy·EasyWhich of the following statements is/are correct with respect to the capital-output ratio? 1. A higher capital-output ratio indicates technological advancement in the economy. 2. A lower capital-output ratio is desirable in the economy. 3. Assuming GDP of both India and China are same, India’s capital output ratio will be less than China’s capital-output ratio. Select the correct answer using the code given below:View question
Q.65·Economy·EasyWith reference to the trends in the tax receipts in the last 5 years, consider the following statements: 1. The tax to GDP ratio has increased in the last 5 years. 2. There has been increase in both direct and indirect tax collections in the last 5 years. Which of the statements given above is/are correct?View question
Q.66·Economy·EasyArrange the following drivers of GDP growth in India in the descending order: 1. Private final consumption expenditure 2. Investment 3. Exports Select the correct answer using the code given below:View question
Q.67·Economy·EasyConsider the following statements: 1. India has never witnessed negative GDP growth rate year since Independence. 2. India has never seen an export surplus year since Independence. Which of the statements given above is/are correct?View question
Q.68·Economy·EasyWhich of the following is/are the source(s) of non-debt revenue for the government? 1. Direct tax collection 2. Recovery of loans 3. Proceeds out of sale of G-Secs Select the correct answer using the code given below:View question