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Economics Quiz| UGC NET Paper 2

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Question 1

In India, which of the following is regulated by the Forward Markets Commission ?

Question 2

With reference to India, consider the following:
1. Nationalization of Banks
2. Formation of Regional Rural Banks
3. Adoption of villages by. Bank Branches
Which of the above can be considered as steps taken to achieve the “financial inclusion” in India ?

Question 3

Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?

Question 4

Consider the following statements:
1) The Financial Sector Legislative Reforms Commission (FSLRC) is set up by the Government of India to review and rewrite the legal-institutional architecture of the Indian financial sector.
2) Indian Financial Code (IFC) is a draft legislation prepared by FSLRC. IFC is expected to create more cohesive, and accountable financial architecture in country.
3) FSLRC is headed by the Prime Minister.

Which of the above options are correct:

Question 5

Choose the correct option with regard to types of economy:

1) Capitalism: Private ownership of the means of production.
2) Mixed economy: An economic system which has public and private ownership of industry.
3) Socialism: Public ownership of the means of production.
4) Corporatism: Economic tripartite involving negotiations between business, labor, and state interest groups.
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Nov 27UGC NET & SET

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Nikhil VermaNikhil VermaMember since Aug 2017
# 3+ years of mentoring students for UGC NET, IBPS
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