Prelims 2020 Test Series-Indian Economy Test -21

  • a.) 
    a)  Goods exports and service exports to India respectively
  • b.) 
    b)  Goods exports and service imports for India respectively 
  • c.) 
    c)  Service imports in both cases 
  • d.) 
    d)  Service exports from India in both cases 
  • a.) 
    (a) A loan option from the IMF with less conditions.
  • b.) 
    (b) Loans from the IMF having strict conditionalities.
  • c.) 
    (c) Voting in the IMF when a new Board of Directors has to be elected.
  • d.) 
    (d) A credit system granted by World Bank to its members.
  • a.) 
    a)  Fully convertible for current account transactions, but not for capital account transactions.
  • b.) 
    b)  Fully convertible for capital account transactions, but not for current account transactions.
  • c.) 
    c)  Fully convertible for both capital and current account transactions.
  • d.) 
    d)  Not convertible for either type of transactions.
  • a.) 
    a)  The cost of hospitalisation is included in service imports but the cost of air travel is not.
  • b.) 
    b)  The cost of air travel is included in service imports but the cost of hospitalisation is not.
  • c.) 
    c)  Both expenditures are included in the category of service imports.
  • d.) 
    d)  Both expenditures are included in service exports.
  • a.) 
    a.)  Foreign currency holding with the banking system 
  • b.) 
    b.)  SDRs
  • c.) 
    c.)  Foreign currency assets
  • d.) 
    d.)  Gold holdings with the RBI
  • a.) 
    a)  Only 1 is correct
  • b.) 
    b)  Neither 1 nor 2 is correct
  • c.) 
    c)  Both are correct 
  • d.) 
    d)  Only 2 is correct
  • a.) 
    (a) Department of Economic Affairs
  • b.) 
    (b) Department of Investment and Public Asset Management
  • c.) 
    (c) Department of Science and Technology
  • d.) 
    (d) Department for Promotion of Industry and Internal Trade
  • a.) 
    a.)  Tokyo
  • b.) 
    b.)  Singapore
  • c.) 
    c.)  Beijing
  • d.) 
    d.)  Manila  
  • a.) 
    a.)  A -4    B -1      C -3     D-
  • b.) 
    b.)  A -2    B -3      C -1      D-4   
  • c.) 
    c.)  A-2       B -1      C-3       D-4   
  • d.) 
    d.)  A -4      B-3       C -1     D-2   
  • a.) 
    a.)  1 and 3 correct
  • b.) 
    b.) Only 1 is correct
  • c.) 
    c.)  1, 2 and 3 correct 
  • d.) 
    d.)  Only 2 is correct    
Listed 1 of 2