Logo

Quiz

ECONOMY
  • 1. Which of the following committee underlined the need of an organised money market for the first time in the country?
    • A) Narasimhan Committee
    • B) Justice B N Srikrishna Commission
    • C) Vahul Committee
    • D) Chakravarthy Committee
    Show Answer Hide AnswerShow Answer Details Hide Answer Details
    Answer D
    It was the Chakravarthy Committee (1985) which for the first time underlined the need of an organised money market in the country13 and the Vahul Committee (1987) laid the blue print for its development.

  • 2. The International Monetary Fund (IMF) has predicted the growth of India from 7% to ?
    • A) 9
    • B) 6.1
    • C) 6.5
    • D) 6.0
    Show Answer Hide Answer
    Answer B

  • 3. Which of the following African country recently announced its quit from Organisation of Petroleum Exporting Countries?
    • A) Tunisia
    • B) Zimbawe
    • C) Kenya
    • D) Ecuador
    Show Answer Hide Answer
    Answer D

  • 4. When the Reserve Bank of India cuts the repo rate by 50 basis points, which of the following is likely to happen?
    • A) India's GDP growth rate increases drastically
    • B) Foreign Institutional Investors will bring more capital into our country
    • C) Scheduled Commercial Banks may cut their lending rates
    • D) It may drastically reduce the liquidity to the banking system
    Show Answer Hide Answer
    Answer C

  • 5. Consider the following statements.
    1. Investments through the FDI route are strategic in nature, and meant for the long term.
    2. FDI investors also get a say in the management of the investee company, including board seats.
    3. FDIs and FPIs can invest in both listed and unlisted securities.
    Which of the above statements is/are correct?

    • A) 1,3
    • B) 2,3
    • C) 1,2
    • D) 1,2,3
    Show Answer Hide Answer
    Answer C

  • 6. Consider the following statements regarding FDI Policy in India.
    1. Under the Automatic Route, the non-resident investor or the Indian company does not require any approval from Government of India for the investment.
    2. Private sector investment in Atomic energy requires the prior approval of the Government of India.
    3. Gambling and Betting sectors are prohibited for FDI.
    Which of the above statements is/are correct
    • A) 1,2
    • B) 2,3
    • C) 1,3
    • D) 1,2,3
    Show Answer Hide Answer
    Answer C

  • 7. Consider the following statements regarding New Development Bank.

    1. The New Development Bank (NDB) is a multilateral development bank established by the BRICS states.
    2. The state governments in India can seek loan assistance from NDB.
    3. India is the second largest shareholder of the NDB.
    Which of the above statements is/are correct?

    • A) 1 only
    • B) 1,3
    • C) 1,2
    • D) 1,2,3
    Show Answer Hide Answer
    Answer C