UPSC  Economics

51. The balance of payments of a country is a systematic record of

all import and transactions of a during a given period normally a year goods exported from a country during a year economic transaction between the government of one country to another capital movements from one country to another

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52. The Reserve Bank of India regulates the commercial banks in matters of
1.liquidity of assets
2.branch expansion
3.merger of banks
4.winding-up of banks
5.Select the correct answer using the codes given below.

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

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53. An increase in the Bank Rate generally indicates that the:

market rate of interest is likely to fall Central Bank is no longer making loans to commercial banks Central Bank is following an easy money policy Central Bank is following a tight money policy

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54. In India, deficit financing is used for raising resources for

economic development redemption of public debt adjusting the balance of payments reducing the foreign debt

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55. Which of the following constitute Capital Account?
1.Foreign Loans
2.Foreign Direct Investment
3.Private Remittances
4.Portfolio Investment
Select the correct answer using the codes given below.

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

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56. Consider the following statements :
1.Inflation benefits the debtors.
2.Inflation benefits the bond-holders.
3.Which of the statements given above is/are correct?

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

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57. Disguised unemployment generally means

large number of people remain unemployed alternative employment is not available marginal productivity of labour is zero productivity of workers is low

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58. The correct sequence of these decreasing order of Liquidity is

1-4-3-2 4-3-2-1 2-3-1-4 4-1-3-2

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59. In the context of Indian economy,Open Market Operations' refers to:

borrowing by scheduled banks from the RBI lending by commercial banks to industry and trade purchase and sale of government securities by the RBI None of the above

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60. Priority Sector Lending by banks in India constitutes the lending to:

agriculture micro and small enterprises weaker sections All of the above

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