Indian Economy Test-17-Indian Economy-Quiz

Prelims 2020 Test Series-Indian Economy Test-17

Q 11.
Which article of the constitution is related to the central government’ consent to state government for making market borrowing?

a.)
(a) Article 263
b.)
(b) Article 243
c.)
(c) Article 293
d.)
(d) Article 270

Q 12.
Consider the following liquidity facilities of the RBI

1. Fixed rate repo

2. Fixed rate reverse repo

3. Marginal Standing Facility

Which of these are overnight facilities?

a.)
(a) 1, 2 and 3
b.)
(b) 2 and 3
c.)
(c) 1 and 3
d.)
(d) 1 only

Q 13.
Consider the following statements

1. In terms of both GDP and GDP per capita income, India is better placed in terms of Purchasing Power Parity terms compared to current US Dollar terms.

2. Purchasing power parity shows the bundle of goods that can be bought by rupee domestically and the foreign currency in its home country.

a.)
(a) 1 and 2 correct
b.)
(b) only 1 is correct
c.)
(c) only 2 is correct
d.)
(d) neither 1 nor 2 is correct

Q 14.
Consider the following statements about India’s performance in Human Development as per the UNDP

1. India has a higher rank in Inequality Adjusted Human Development Index (IHDI) vis a vis the Human Development Index.

2. The difference between IHDI and HDI indicates the loss of welfare occurred due to inequality.

Which of these statements are/is correct?

a.)
(a) 1 and 2 correct
b.)
(b) only 1 is correct
c.)
(c) only 2 is correct
d.)
(d) neither 1 nor 2 is correct

Q 15.
Consider the following statements about International Energy Agency.

1. A member country in IEA should be a member of the OECD.

2. India is an associate member of the IEA

Which of these statements are correct?

a.)
(a) 1 and 2 correct
b.)
(b) only 1 is correct
c.)
(c) only 2 is correct
d.)
(d) neither 1 nor 2 is correct

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