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Economics Quiz| UGC NET Paper 2

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Question 1

What is the difference between "vote- on-account" and "interim budget”?
1) The provision of a "vote-on- account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government.
2) A "vote-an-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts.
Which of the statements given above is/ are correct?

Question 2

Regarding the International Monetary Fund, which one of the following statements is correct?

Question 3

Why is the offering of "teaser loans" by commercial banks a cause of economic concern?
1) The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2) In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/ are correct?

Question 4

Which of the following can aid in furthering the Government's objective of inclusive growth?
1) Promoting Self-Help Groups
2) Promoting Micro, Small and Medium Enterprises
3) Implementing the Right to Education Act
Select the correct answer using the codes given below:

Question 5

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?
1) The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2) The Government no longer intends to retain the management control of the CPSEs.
Which of the statements given above is/ are correct?
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Nikhil VermaNikhil VermaMember since Aug 2017
# 3+ years of mentoring students for UGC NET, IBPS
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