Indian Economy Test -21-Indian Economy-Quiz

Prelims 2020 Test Series-Indian Economy Test -21

Q 11.
Consider the following resource bases of the IMF and select the correct matches among them using the codes given below.

1. Quotas - Permanent resource of the Fund contributed by the members

2. New Arrangement to Borrow – Borrowing from OECD to help the developing countries.

3. Bilateral Borrowing Agreements – to finance loans in the context of Global Financial Crisis induced macroeconomic risks.

Codes:

a.)
a.) 1 and 2 correct
b.)
b.) 1 and 3 are correct
c.)
c.) 2 and 3 correct
d.)
d.) 1, 2 and 3 correct

Q 12.
Which of the following is known as the work-horse lending arrangement under IMF?

a.)
a.) Stand-by arrangement
b.)
b.) Extended Fund Facility
c.)
c.) Precautionary and Liquidity Line (PLL)
d.)
d.) Rapid Financing Instrument (RFI)

Q 13.
The term Disruptive Innovation is related with:

a.)
a.) Clayton Christensen
b.)
b.) Schumpeter
c.)
c.) Joseph Stiglitz
d.)
d.) None of these

Q 14.
Which of the following can be traced as a symptom for the evolving global shift?

1. Increasing south-south trade

2. Shrinking GDP in the developed world

3. Expansion of global investment by corporate from EMEs

Codes:

a.)
a.) 1, 2 and 3 correct
b.)
b.) 1 and 2 correct
c.)
c.) Only 1is correct
d.)
d.) 1 and 3 are correct

Q 15.
General Anti Avoidance Rule (GAAR) is related with:

a.)
a.) Direct taxes
b.)
b.) Indirect Taxes
c.)
c.) Derivative trading
d.)
d.) Financial Regulation

Q 16.
Consider the following statements about India’s crude oil import:

1. India’s import source has considerably shifted in the context of the emergence of US shale.

2. India meets nearly 20% of the domestic crude demand from imports.

Which of these statements are/is correct?

a.)
a) 1 and 2 correct
b.)
b) Only1 is correct
c.)
c) Both are incorrect
d.)
d) Only 2 is correct

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