The economic way of thinking stresses that

Q:

On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?

A) 18	B) 17
C) 11	D) 15

Answer & Explanation Answer: C) 11

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Q:

An increase in the money supply will cause interest rates to ___________.

A) rise	B) fall
C) remain unchanged	D) No option is correct.

Answer & Explanation Answer: B) fall

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Q:

SEBI is evaluating whether ICO (Initial Coin Offerings) can be brought under its purview. ICO is related to ______.

A) Dollars	B) Pounds
C) Rupees	D) Cyptocurrency

Answer & Explanation Answer: D) Cyptocurrency

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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:

In which area is the public sector most dominant in India?

A) Organised term lending financial instistutions	B) Transport
C) Commerical banking	D) Steel production

Answer & Explanation Answer: C) Commerical banking

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Q:

India was ranked at which place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF)?

A) 26th	B) 47th
C) 62nd	D) 81st

Answer & Explanation Answer: C) 62nd

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Q:

What was the major decision that took place in 1987 Montreal Conference?

A) Developed countries will completely ban CFC production by 2000	B) Developed countries will completely ban CFC production by 2010
C) Developing countries will completely ban CFC production by 2000	D) Developing countries will completely ban CFC production by 2020

Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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Q:

Which of the following should always be balanced in the foreign trade of India?

A) Balance of Trade	B) Balance of Paymen
C) Balance of Current Account	D) No option is correct

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.	B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources.	D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.

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