21st June (Economics)

1. 
   

2. 1. Question

   Consider the following statements.

   1. Revenue deficit is the gap between the consumption expenditure of the Government and its current revenues.
   2. Effective Revenue Deficit includes those revenue expenditures which were done in the form of grants for the creation of capital assets.

   Which of the above statements is/are correct?

   •  a) 1 only
   •  b) 2 only
   •  c) Both
   •  d) None

3. 2. Question

   Which of the following comes under the Champion Services Sectors.

   1. Information Technology & Information Technology enabled Services (IT& ITeS)
   2. Transport and Logistics Services
   3. Environmental Services
   4. Accounting and Finance Services
   5. Education Services

   Select the correct code:

   •  a) 1, 2, 3
   •  b) 1, 2, 3, 4
   •  c) 2, 3, 4, 5
   •  d) 1, 2, 3, 4, 5

4. 3. Question

   Consider the following statements about European Bank for Reconstruction and Development (EBRD).

   1. The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean.
   2. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles.
   3. India is yet to join European Bank for Reconstruction and Development (EBRD).

   Which of the above statements is/are correct?

   •  a) 1 only
   •  b) 1, 2
   •  c) 2, 3
   •  d) 1, 3

5. 4. Question

   Consider the following statements of Insolvency and Bankruptcy Board of India (IBBI).

   1. Insolvency and Bankruptcy Board of India signed a Cooperation Agreement with the International Finance Corporation to further build the capacity of the Insolvency Professionals, and Insolvency Professional Agencies for the purposes of the effective implementation of the Insolvency and Bankruptcy Code, 2016
   2. Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).

   Which of the above statement is/are correct?

   •  a) 1 only
   •  b) 2 only
   •  c) Both
   •  d) None

6. 5. Question

   With reference to India economy, consider the following:
   1. Bank rate
   2. Open market operations
   3. Public debt
   4. Public revenue
   Which of the above is/are component/components of Monetary Policy?

   •  a) 1 only
   •  b) 2, 3, 4
   •  c) 1, 2
   •  d) 1, 3, 4