Prelims 2020 Test Series-Indian Economy Test -18

Q 1.

Consider the following indicators:

1. Education

2. Life Expectancy

3. Living Standards

4. Per capita consumption expenditure

Which of these indicators are used under the Multidimensional poverty index of UNDP?

  • a.) 
    (a) 1, 2, 3 and 4
  • b.) 
    (b) 1, 2 and 3
  • c.) 
    (c) 2 and 4
  • d.) 
    (d) 2, 3 and 4

Q 2.

The US Federal Reserve’s bond purchase programme that was conducted during the post global financial crisis period is known as:

  • a.) 
    a.)  Tapering
  • b.) 
    b.)  Open Market Operation for Stabilization
  • c.) 
    c.)  Operation Twist
  • d.) 
    d.)  Quantitative Easing 

Q 3.

The international institution dedicated to counter money laundering is:

  • a.) 
    a.)  Financial Stability Board
  • b.) 
    b.)  Financial Action Task Force (FATF)
  • c.) 
    c.)  International Centre for Settlement of Investment Disputes (ICSID)
  • d.) 
    d.)  UNCTAD

Q 4.

Huge volume of investment by non-residents in Indian assets may lead to:

  • a.) 
    a.)  Appreciation of Rupee 
  • b.) 
    b.)  Devaluation of Rupee
  • c.) 
    c.)  Revaluation of Rupee
  • d.) 
    d.)  Depreciation of Rupee

Q 5.

Which of the following institution is related with international liquidity? 

  • a.) 
    a.)  IBRD 
  • b.) 
    b.)  UNCTAD
  • c.) 
    c.)  IFC 
  • d.) 
    d.)  IMF   

Q 6.

Consider the following forms of capital flows and identify the non-debt creating (without any repayment obligation) among them using the codes given below.

1. Foreign Direct Investment.     

2. Foreign Portfolio Investment   

3. External Commercial Borrowings 

4. Foreign Currency Convertible Bonds

Codes:

  • a.) 
    (a)  2 and 3
  • b.) 
    (b)  3 and 4
  • c.) 
    (c)  1 Only
  • d.) 
    (d)  1 and 2

Q 7.

The term ‘currency war’ is related with:

  • a.) 
    a.)  Manipulation of exchange rate to realize more exports
  • b.) 
    b.)  Imposition of quota and tariff
  • c.) 
    c.)  Frequently changing domestic currency
  • d.) 
    d.)  Supply of counterfeit currencies in enemy countries

Q 8.

An Indian student paying his tuition fee in the United States is: 

  • a.) 
    a.)  Service import for India 
  • b.) 
    b.)  Service export for India
  • c.) 
    c.)  Capital export for India
  • d.) 
    d.)  Capital import for India

Q 9.

The currency which is used as a medium of exchange for conducting international trade is known as: 

  • a.) 
    a.)  Soft currency
  • b.) 
    b.)  hard currency
  • c.) 
    c.)  Fiat currency
  • d.) 
    d.)  token currency

Q 10.

 The WTO’s Twelfth Ministerial Conference is to be held at: 

  • a.) 
    (a)  Ufa
  • b.) 
    (b)  Nur Sultan
  • c.) 
    (c)  Sochi 
  • d.) 
    (d)  Milan
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