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Indian Economy Quiz 23. 03. 2018

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Question 1

Consider the following statements:
1) Current account deficit (CAD) is the difference between the value of all imports, including goods, services and investment incomes, and the value of all exports.
2) The current account consists of the balance of trade, earnings on foreign investments minus payments made to foreign investors and net cash transfers.  
Which of the above options is/are correct:

Question 2

Consider the following statements:
(1). Liquidity adjustment facilities (LAF) is a monetary policy tool of RBI to control short-term money supply. It was adopted on the recommendations of Narsminam Committee on banking sector reforms.
(2). Marginal Standing facility (MSF) is a monetary tool wherein the scheduled Commercial Banks can borrow money from RBI 0.25% higher than the ongoing Repo rate.
Which of them is correct?

Question 3

Which of the following statements are correct:
1) Physical capital is tangible and can be easily sold in the market like any other commodity.
2) Human capital is not sold in the market; only the services of human capital are sold.
3) Human capital is completely mobile between countries except for some artificial trade restrictions.
4) Physical capital is not perfectly mobile between countries as movement is restricted by nationality and culture.

Question 4

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 5

Consider the following statements:
1) Under Saansad Adarsh Gram Yojana (SAGY), each Member of Parliament will take the responsibility of developing physical and institutional infrastructure in three villages by 2019.
2) Under the scheme, Gram Panchayat would be the basic unit for development.
3) The scheme inter-alia aims for 100% immunization in selected villages.
Which of the above statements are correct:

Question 6

Consider the following statements:
1) The objective of the National Adaptation Fund on Climate Change (NAFCC) is to assist vulnerable State and Union Territories to the adverse effects of climate change in meeting the cost of adaptation.
2) The National Bank for Agriculture and Rural Development (NABARD) is National Implementing Entity (NIE) responsible for implementation of adaptation projects under the (NAFCC).
3) The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC founded as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.
Which of the above statements are correct:
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