Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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

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

  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
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

Which one of the following statement is false?

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
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

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

Which of these agencies regulates Securities Market in India?

  1. RBI

  2. SEBI

  3. Stock Exchange

  4. Finance Ministry
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SEBI (Securities and Exchange Board of India) is the regulatory body for the securities market in India, established to protect investors and promote the development of the market.

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

Deficit Balance of trade suggests that __________.

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A deficit in the balance of trade occurs when the value of imports of goods exceeds the value of exports of goods.

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

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

  1. True

  2. False

  3. Cant say

  4. None of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Unrequited transfers (also known as unilateral transfers) in the balance of payments include gifts, donations, and grants where no good or service is received in return.

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

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

  1. $March, 1949$
  2. $March, 1950$
  3. $March, 1947$
  4. $March, 1957$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Planning Commission of India was established in March 1950 by a resolution of the Government of India to oversee the country's five-year plans.

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

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

  1. True

  2. False

  3. Cant say

  4. None of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The capital account in the balance of payments records all international transactions involving the purchase or sale of assets, including foreign borrowing and lending.

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

Over the period of planning Indias BOP has remained _________.

  1. favourable

  2. unfavourable

  3. in equilibrium

  4. none of above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India has historically faced a persistent current account deficit due to high import costs, particularly for oil and capital goods. This structural imbalance means the Balance of Payments (BOP) has generally remained unfavourable throughout the planning period.

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

During the ________ plan, India experienced surplus in BOP.

  1. fifth

  2. sixth

  3. seventh

  4. fourth
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

During the Fifth Five-Year Plan (1974-1979), India experienced a surplus in its Balance of Payments, largely due to a significant increase in remittances from Indian workers in the Gulf and a temporary improvement in trade conditions.