Quiz 47 Economy

With reference to ‘Warehouse receipts’ in India, consider the following statements:

1. These are negotiable instruments in India.

2. They are utilized in Future markets.

3. They are regulated by RBI.

Which of the statements given above is/are correct?

Consider the following pairs:

Reports — Releasing Organisation

1. Global Risk Report — FATF

2. Global Financial Stability Report — World Bank

3. World Economic Outlook — World Economic Forum

Which of the pairs given above are not correctly matched?

With reference to Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:

1. Enrolments under the scheme are made voluntary for all the farmers who are under Below Poverty Line (BPL).

2. The Central share in the premium subsidy would be increased to 100 per cent for the north-eastern states.

3. Farmers have to pay 2% of the sum insured for Kharif crops, 1.5% for rabi crops and 5% for cash crops.

Which of the statements given above is/are correct?

Consider the following statements regarding Bad Bank.

1. A bad bank is an asset reconstruction company (ARC) that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time.

2. Bad bank is also involved in lending and taking deposits.

Which of the above statements is/are correct?

Consider the following statements.

1. Commercial crops are not covered under minimum support prices (MSPs).

2. IF MSP is made legally binding, no crop can be purchased below the MSP by the private buyers.

3. The marketed surplus for all the crops covered under MSP is more than 50%.

Which of the above statements is/are correct?

Which of the following factors can be responsible for the rise in prices of goods and services in an economy?

1. Increase in the money supply

2. Increase in government expenditure

3. RBI’s purchasing government securities from the public.

Select the correct answer using the code given below:

With reference to the Corporate Social Responsibility (CSR), consider the following statements:

1. The expenditure to fight the pandemic is considered valid under CSR activities.

2. Companies with a net worth of at least Rs 500 crore, or net profit of Rs 5 crore, are required to spend 2% of their average profit of the previous three years on CSR.

3. India is the first country in the world to make corporate social responsibility (CSR) mandatory.

4. According to the CSR trends in India, the health sector received the maximum funding followed by education.

Which of the statements given above are correct?

The National Innovation Foundation (NIF) is an autonomous organisation under which of the following ministry?

India’s economy is showing decisive signs of a ‘V-shaped’ recovery in 2021. What does ‘V-shaped’ recovery mean?

Which of the following best describes the term “Reverse Repo Rate”, sometimes seen, in the news?