UPSC  Economics

41. A "closed economy" is an economy in which

the money supply is fully controlled deficit financing takes place only exports take place neither exports nor imports take place

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42. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:
1.Credit facilities
2.Savings facilities
3.Insurance facilities
4.Fund Transfer facilities
Select the correct answer using the codes given below the lists:

1 only 1 and 4 only 2 and 3 only 1, 2, 3 and 4

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43. 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:

1 only 1 and 2 only 2 and 3 only 1, 2 and 3

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44. 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.
3.Which of the statements given above is/are correct?

I only 2 only Both 1 and 2 Neither 1 nor 2

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45. The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?
1.Other banks retain their deposits with the RBI.
2.The RBI lends funds to the commercial banks in times of need.
3.The RBI advises the commercial banks on monetary matters.
Select the correct answer using the codes given below :

2 and 3 only 1 and 2 only 1 and 3 only 1, 2 and 3

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46. Which of the following measures would result in an increase in the money supply in the economy?
1.Purchase of government securities from the public by the Central Bank
2.Deposit of currency in commercial banks by the public
3.Borrowing by the government from the Central Bank
4.Sale of government securities to the public by the Central Bank
Select the correct answer using the codes given below :

1 only 2 and 4 only 1 and 3 2, 3 and 4

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47. Which of the following would include Foreign Direct Investment in India?
1.Subsidiaries of companies in India
2.Majority foreign equity holding in Indian companies
3.Companies exclusively financed by foreign companies
4.Portfolio investment
Select the correct answer using the codes given below :

1, 2, 3 and 4 2 and 4 only 1 and 3 only 1, 2 and 3 only

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48. India has experienced persistent and high food inflation in the recent past. What could be the reasons?
1.Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%.
2.As a consequence of increasing incomes, the consumption patterns of the% people have undergone a significant change.
3.The food supply chain has structural constraints.
Which of the statements given above1 are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

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49. The basic aim of Lead Bank Scheme is that:

big banks should try to open offices in each district there should be stiff competition among the various nationalized banks individual banks should adopt particular districts for intensive development all the banks should make intensive efforts to mobilize deposits

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50. In India, in the overall Index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37-90%. Which of the following are among those Eight Core Industries?
1.Cement
2.Fertilizers
3.Natural gas
4.Refinery products
5.Textiles
Select the correct answer using the codes given below :

1 and 5 only 2, 3 and 4 only 1, 2, 3 and 4 only 1, 2, 3, 4 and 5

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