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IASbaba '60 Day Plan' - Prelims Test 2016 [Day 21]
Q.1) RBI merged two funds to create a new Financial Inclusion Fund (FIF) to support developmental and promotional activities for expanding reach of banking services. Consider the following w.r.t FIF
Select the correct statement/s
a) Only 1
b) Only 2
c) Both
d) None
Q.2) Consider the following regarding River Information Services (RIS)
Select the correct code
a) Only 1
b) Only 2
c) Both
d) None
Q.3) Consider the following statements about inflation.
Which of the above are correct?
a) 1 only
b) 2 only
c) 2 and 3 only
d) All of the above
Q.4) Which of the following are probable effects of inflation?
Select the correct answer:
a) 1 only
b) 1 and 2 only
c) 1, 2 and 3 only
d) 1, 2 and 4 only
Q.5) The GDP price deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP. Consider the following.
Select the correct answer:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of the above
Q.6) Which of the following are correct about Producer Price Index?
a) The Producer Price Index (PPI)program measures the change in prices received by the seller.
b) The PPI provides a broader coverage in terms of products and industries and it also includes services, something which is not a part of the WPI.
c) PPI measures the price pressure due to increase in cost of finished goods.
d) All of the above.
Q.7) Consider the following.
Select the correct answer:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of the above
Q.8) Which of the following is incorrect?
a) Supply shock inflation is caused by reduced supplies due to increased prices of inputs.
b) A type of persistent inflation that occurs by deficiencies in the condition of the economy is structural inflation.
c) Speculation and cartelization can cause inflation and hence vitiate the market dynamics.
d) None of the above.
Q.9) Consider the relation of inflation with BOP.
Select the correct answer:
a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d) 3 and 4 only
Q.10) Which are possible consequences of inflation?
Select the correct answer:
a) 2 only
b) 1 and 2 only
c) 2 and 3 only
d) 1 and 3 only
Q.11) Which of the following is correct about Inflation tax?
a) Inflation taxis a term which refers to the financial loss of value suffered by holders of cash and as well those on fixed income, due to the effects of inflation;
b) Inflation tax is the tax people pay in developed countries to help governments fight inflation.
c) Inflation tax is imposed on the super-rich to subsidize the poor against the risks of inflation.
d) Inflation tax is imposed on those who strike and cause harm to public property in times of high inflation.
Q.12) Which of the following is incorrect about Wholesale Price Index?
a) Wholesale Price Index (WPI) represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers.
b) The WPI has 3 categories namely Primary article group, fuel and power category and the manufactured products category.
c) Primary articles have the highest weightage whereas the manufactured products have the lowest weightage.
d) Indian WPI is published by the Economic Advisor, Ministry of Commerce and Industry.
Q.13) Call and Term money markets are the sub-markets of Indian money market. Which of the following statements are correct about these short term markets?
Select the code from the following:
a) 1,2 and 3
b) 2,3 and 4
c) 1,2 and 4
d) All of the above
Q.14) Consider the following statements:
Which of the above statements are correct?
a) 1 and 4
b) 1,2 and 3
c) 2,3 and 4
d) All of the above
Q.15) Which of the following statements correctly explains the term ‘Stagflation’
a) Persistent high inflation combined with high unemployment
b) Reduction of the general level of prices in the economy
c) Decrease in the rate of inflation
d) Constant prices of commodities for a long time in an economy
Q.16) Which of the following economic entities is are benefitted with inflation?
Select the code from the following:
a) 1 and 2
b) 1 only
c) 2,3 and 4
d) None of the above
Q.17) Consider the following statements regarding sugarcane and sugar pricing policy.
Which of the above statements are correct?
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) All of the above
Q.18) Consider the following statements with respect to Missile technology control regime (MTCR)
Select the correct answer
a) 1 only
b) 2 only
c) Both
d) None
Q.19) Consider the following statements with respect to RBI
Select the correct option
a) 1 only
b) 2 only
c) Both
d) None
Q.20) Consider the following
Which of the following animals are found in the ten rupees Indian currency note?
a) 1,2&4 only
b) 2,3&4 only
c) 1,3&4 only
d) 1,2&3 only
Q.21) The recent New Delhi Declaration is related to which of the following themes
a) Satellite coordination to monitor human induced greenhouse gases
b) To curb violence against women in tribal areas
c) To enhance scientific temper among school going students
d) To aim 100 % adult literacy by 2020
Q.22) Consider the following
Which of the above wild life sanctuary/national park is not located in Kerala?
a) 1&2 only
b) 3 only
c) 2&3 only
d) All are present in Kerala
Q.23) Consider the following statements.
Which of the following stage of Business cycle best represents the above characteristics?
a) Recession
b) Recovery
c) Depression
d) Boom
Q.24) Consider the following statements with regards to inflation indexed bonds (IIBs).
Which of the above statements are NOT correct?
a) 2 and 3 only
b) 1 and 2 only
c) 1 and 3 only
d) All of the above
Q.25) GPS-Aided Geo Augmented Navigation (GAGAN) system will provide augmentation service over which of the following areas?
Choose the correct code
a) 1,2,3 and 4
b) 2,4,5 and 6
c) 3,4,5 and 6
d) 1 and 3 only
Q.26) Consider the following statements with respect to Kaladan Multi-modal Transit Transport Project
Which of the following is incorrect?
a) Only 1
b) Only 2
c) 1 and 2
d) 2 and 3
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IASbaba