Tag: economics

Questions Related to economics

Economic growth in country X will necessarily have to occur if ___________________.

economics economic growth and development development and growth need for sustainable development economics of development

  1. there is a technical progress in the world economy

  2. there is population growth in X

  3. there is a capital formation in X

  4. the volume of trade grows in the world economy

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Correct Option: C
Explanation:

Capital formation (investment) brings additional income/production in the economy which enhances growth. Other of the given choices do not lead to 'necessay' growth.

Which one of the following statement is false?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. IFC was established In July 1956

  2. IFC encourages the growth and development of Public Sector Enterprises in member countries

  3. IFC is an affiliate of the World Bank

  4. IF encourages the growth of productive private enterprises in member countries

Show answer
Correct Option: B
Explanation:

The International Finance Corporation (IFC) is an international financial institution formed on July 20, 1956 and affiliated to world bank, that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries since 2009, the IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable

Which of these agencies regulates Securities Market in India?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. RBI

  2. SEBI

  3. Stock Exchange

  4. Finance Ministry

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Correct Option: B

Who was the Chairman of the 13th Finance Commission of India?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Indira Rajaraman

  2. C. Rangarajan

  3. Vijay Kelkar

  4. None of the above

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Correct Option: C

Deficit Balance of trade suggests that __________.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. value of exports of goods > value of imports of goods

  2. value of imports of goods > value of exports on goods

  3. value of exports of goods = value of imports of goods

  4. none of above

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Correct Option: B

Balance of unrequited transfers includes all gifts, donations, grants and reparation, receipts and payments to foreign countries (true/false)

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. True

  2. False

  3. Cant say

  4. None of above

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Correct Option: A

The Planning Commission was set up in _______ by a Resolution of the Government of India.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. $March, 1949$

  2. $March, 1950$

  3. $March, 1947$

  4. $March, 1957$

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Correct Option: B

Balance of payment on capital account deals with the borrowings or lending of the country in question (true/false)

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. True

  2. False

  3. Cant say

  4. None of above

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Correct Option: A

Over the period of planning Indias BOP has remained _________.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. favourable

  2. unfavourable

  3. in equilibrium

  4. none of above

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Correct Option: B

During the ________ plan, India experienced surplus in BOP.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. fifth

  2. sixth

  3. seventh

  4. fourth

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Correct Option: A