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1. In the context of Indian economy, consider the following pairs.
Term Most appropriate description
A. Meltdown Fall in stock prices
B. Recession Fall in growth rate
C. Slowdown Fall in GDP

Which of the pairs given above is/are correctly matched?
  • 1) Only A
  • 2) Only B and C
  • 3) Only A and C
  • 4) All the above
  • 5) None of these


2. With reference to the institution of Banking Ombudsman in India, which of the following statements is not correct?
1) The Banking Ombudsman is appointed by the Reserve Bank of India.
2) The Banking Ombudsman can consider complaints from non-resident Indians having accounts in India.
3) The orders passed by the Banking Ombudsman are final and binding on the parties concerned.
4) The service provided by the Banking Ombudsman is free of any fee.
5) All the above statements are correct

3. Consider the following statements:
In India, taxes on transactions in Stock Exchanges and Future Markets are
(A) levied by the Union Government
(B) collected by the states
(C) Future transactions fall into the category of derivatives.
Which of the statements given above is/are correct?
  • 1) Only A
  • 2) Only B
  • 3) Only A and C
  • 4) Only A and B
  • 5) All the above


4. The International Development Association, a lending agency, is administered by which of the following?
  • 1) International Bank for Reconstruction and Development
  • 2) International Fund for Agricultural Development
  • 3) United Nations Development Programme
  • 4) United Nations Industrial Development Organisation
  • 5) International Monetary Fund


5. In which country are foreign currency denominated bonds, “Bulldog Bonds”, issued?
  • 1) US
  • 2) UK
  • 3) Japan
  • 4) India
  • 5) France


6. Which of the following is the first public sector bank to issue capital to public?
  • 1) Corporation Bank
  • 2) Indian Overseas Bank
  • 3) Oriental Bank of Commerce
  • 4) Punjab National Bank
  • 5) None of these


7. In the context of Indian economy, consider the following:
(A) Encouraging Foreign Direct Investment inflows
(B) Privatisation of higher educational institutions
(C) Downsizing bureaucracy
(D) Selling/offloading the shares of public sector undertakings
Which of the above can be used as measures to control fiscal deficit in India?
  • 1) Only A, B and C
  • 2) Only B, C and D
  • 3) Only A, B and D
  • 4) Only C and D
  • 5) All the above


8. Which of the following is the reason for the success of mutual fund?
  • 1) Mutual fund schemes offer, to every investor, security, steady growth, regular income and easy liquidity.
  • 2) A small investor gets professional expertise of the fund managers of the mutual fund.
  • 3) It carries tax breaks and this benefit is passed on to the investors.
  • 4) All the above
  • 5) None of these


9. With reference to India, consider the following statements:
(A) Wholesale Price Index (WPI) refers to a mix of agricultural and industrial goods at various stages of production and distribution, including import duties.
(B) The Wholesale Price Index (WPI) in India is available on a monthly basis.
(C) As compared to Consumer Price Index for Industrial Workers (CPI-WI), the WPI gives less weightage to food articles.
Which of the statements given above is/are correct?
  • 1) Only B
  • 2) Only A and B
  • 3) Only B and C
  • 4) Only C
  • 5) All A, B and C


10. In periods of boom, which leads to economic instability, the Reserve Bank of India (RBI) resorts to
  • 1) Sale in the market of first-class securities in its possession to reduce the supply of money as a measure of open market operations
  • 2) Buying of approved securities in the market as a measure of open market operations
  • 3) Hike in the Bank Rate as a measure of open market operations
  • 4) All the above
  • 5) None of these



Answers –
  1. 1
  2. 3
  3. 3
  4. 1
  5. 2
  6. 3
  7. 4
  8. 4
  9. 5
  10. 1


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