Select the incorrect statement/statements concerning the wholesale price index (WPI) inIndia, today using the code given below:
The data of WPI for the 'primary articles' are released now on monthly basis following the general international practice aimed at giving a real trend of price levels.
The data of WPI for the 'manufactured items' and the 'fuel and power' group are released now on a weekly basis so that the industries get the correct and timely signals of the market situations.
Select the incorrect periodic publications from the IMF related to its function of 'surveillance':
World Economic Outlook
World Development Report
International Capital Markets
Global Financial Report
Select the most popular and prevalent combination of taxation and expenditure by governments across the world today:
Select the incorrect statement/statements related to the International Development Agency (IDA), using the code given below:
It lends money for the different development purposes to the Third World member economies at a negligible interest rate, which is considered free of interest.
Out of its total annual proposed lendable funds, India has been the biggest beneficiary till 2014.
The WTO allows its member nations to impose suitable custom duties on imports when-
there is a sudden surge in imports with fast depletion of forex currency reserves in a country.
the county manages a comfortable level of forex reserves but faces the imminent risk of balance of payment crisis.
Select the incorrect statement/statements regarding the exchange rate management by the International Monetary Fund (IMF), using the code given below:
Exchange rate of the member countries was managed by the IMF as per the 'fixed currency system' till 1976, which did not allow the market forces.
'Floating currency system' was first used in 1971 by the UK.
Which of the following is correct about the term 'ex-factory price'?
Given below are some major symptoms of an economy:
Lower inflation with low aggregate demand
Unemployment rate increasing steadily
Voluntary labour cuts by industries
Select the correct phase of 'economic cycle' in which the economy seems to be undergoing through:
Consider the statements related to India's irrigation and select the correct code:
There is a gap of about 15 per cent between the irrigation potential created through the 'major' and 'medium' projects and its ground level utilisation.
CADWMP is run by the government since 2004 to bridge this gap between created and realised irrigation potential.
For the first time since the WTO came into being the developed nations wanted to introduce 'new issues' inside its fold which was opposed by the developing nations. Select those new issues upon which a consensus could not emerge, using the code given below:
Global value chain
Competition and labour laws
Environment and Investment.
Select the incorrect statement/statements about Indian planning, using the code given below:
It adopts 'systems approach' to planning, which follows the stand of social neutrality.
Indian planning includes the 'normative approach', which follows the socialtechnical standpoint.
Select the incorrect statement/statements regarding 'regional planning' in India, using the code given below:
National Planning in India precedes Regional Planning.
Damodar Valley Corporation (DVC), the first experiment in regional planning by India was modelled on the Volta River Project of Ghana
Consider the following statements related to the recently set up New Development Bank and select the correct ones using the code given below:
Contributions of the founding member countries are differentiated.
Voting rights of the founding member countries are deciding by their contributions.
The new bank is a hybrid of the World Bank and International Monetary Fund.
Select the incorrect function/functions of the IMF from the list given below using the code:
Providing technical assistance and training to the member economies in fiscal policy, monetary and exchange rate policies as well as regulation and supervision of banking and financial system
Lending the member nations to help them tackle balance of payment problems, stabilise their economies and restore sustainable economic growth.
Undergoing periodic assessments of global and regional economic developments.
Select the statement which correctly defines the concept of 'debt trap':
Select the incorrect statement/statements about the fiscal policy of the modem economies using the code given below:
1. As development comes in, there are lesser challenges on the expenditure front for the governments.
2. More development means more government expenditure.
3. Governments in the developed countries have been able to limit their expenditures due to higher levels of development.
Select the correct way how the 'wilful defaulter' has been defined among those who have defaulted on the front of repayment of the bank's loans:
Select the correct after-effects of inflation from the choices given below:
Investment in the economy falls
Saving and tax collections fint increase then fall
Earnings on export increase while domestic currency depreciates
Select the correct code regarding taits of the stage of 'boom' in economies:
Prolonged increase in demand
A visible supply-lag prevails
Creation of a seller's market
Select the suitable policy steps a government usually takes to boost demand and support - the economy in deflationary situations using the code
Lowering interest rates together with cutting direct taxes
Emphasising savings and enhancing salaries
Increasing government expenditure
Select the incorrect statement/statements about the Non Performing Assets (NPAs) of banks in India, using the code given below:
The debt, which remain NPAs for more than 18 months are known as 'doubtful'.
Banks' debt, which remain NPAs for less than or equal to 18 months are known as 'substandard'.
Select the incorrect statement related to the trade regulation by the WTO, using the code given below:
It provides most favoured nation (MFN) treatment to all member countries for each other.
Member economies are not allowed to impose 'anti-dumping' or 'counter veiling' duties.
Treating a product of foreign origin for custom imposition by the member countries is not allowed in normal case.
'Structural reform measures' was one of the two categories of measures announced by the Government to be taken under the process of economic reforms in India. These measures deal with redefining the role of state in the economy attempting higher participation of private capital-Indian and foreign Increasing aggregate supply in the economy. Select the answer using the code given below:
Select the correct statement/statements regarding the new series of the 'Wholesale Price Index' released by the government late in 2010:
It contains 767 items in it.
The base year for it has been revised from 1999-2000 to 2004-05.
The weight of the 'primary articles' has increased in the new series in comparison to the old series.
Consider the following statements and select the correct one/ones using the code given below about the International Monetary System (IMS)
prevailing in the world today:
The contemporary IMS promotes market mechanism in the foreign exchange markets of the member economies.
A member economy is allowed 'pegging of currency' to any other currency of the world.
Pegging currency to gold by a member c economy is also not prohibited by the current IMS.
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