Indian Economy Questions

Q:

The international trade effect states that

A) an increase in the price level will lower net exports. B) an increase in the price level will raise exports.
C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports
 
Answer & Explanation Answer: A) an increase in the price level will lower net exports.

Explanation:
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Q:

Unemployment is an example of which of the following?

A) interest risk B) inflation risk
C) personal risk D) income risk
 
Answer & Explanation Answer: D) income risk

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Q:

Monetary policy refers to the actions the Federal Reserve takes to manage

A) income tax rates and interest rates to pursue its economic objectives. B) government spending and income tax rates to pursue its economic objectives.
C) the money supply and income tax rates to pursue its economic objectives. D) the money supply and interest rates to pursue its economic objectives.
 
Answer & Explanation Answer: D) the money supply and interest rates to pursue its economic objectives.

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Q:

In October 2017, Insolvency and Bankruptcy Board of India (IBBI) relaxed norms for information utilities. Listed Indian companies can now hold ______ of the paid-up equity share capital or total voting power rights in such firms.

 

A) 80% B) 90%
C) 100% D) 50%
 
Answer & Explanation Answer: C) 100%

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Q:

In January 2018, ‘Electoral Bonds’ Scheme was launched. Under this scheme, the electoral bonds will be available at specified branches of _____.

 

 

A) Bank of Baroda B) State Bank of India
C) Punjab National Bank D) Bank of India
 
Answer & Explanation Answer: B) State Bank of India

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Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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