Now Some Economics-Time ---------------------------------------- 1.The concept of carbon credit originated from which one of the following? Ans: Kyoto Protocol 2. The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates? Ans: 0.25% 3. The International Development Association, a lending agency, is administered by the? Ans: International Bank for Reconstruction and Development. 4. The lowering of Bank Rate by the Reserve Bank of India leads to Ans: More liquidity in the market 5. A “closed economy” is an economy in which Ans: Neither exports nor imports take place 6. Which is treated as artificial currency? Ans: SDR 7. A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economics like UK and France. Why? Ans: India has doubled taxation avoidance agreement with Mauritius. 8. A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”? Ans: It is the impact of the price levels of previous year on the calculation of inflation rate 9. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which statement can represents an important difference between the two? Ans: FII helps in increasing capital availability in general, while FDI only targets specific sectors 10. Which one of the following statements appropriately describes the “fiscal stimulus”? Ans: It is an intense affirmative action of the Government to boost economic activity in the country
Posted on: Tue, 22 Jul 2014 08:38:51 +0000
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