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- Question 1 of 96
1. Question
The global economy generates a flow of production in return for
CorrectIncorrect - Question 2 of 96
2. Question
Some of the functions performed by the Global Financial System and the Financial Markets can be summarized as
CorrectIncorrect - Question 3 of 96
3. Question
Financial capital is raised only when newly issued securities are sold in the
CorrectIncorrect - Question 4 of 96
4. Question
Currently how many countries are using the gold standard as the basis of their monetary system? CorrectIncorrect - Question 5 of 96
5. Question
Which one of the international financial crisis that hit world economy in 2008 has been marked as the most serious crisis after 1929 Great Depression? CorrectIncorrect - Question 6 of 96
6. Question
RBI sells government securities to control the CorrectIncorrect - Question 7 of 96
7. Question
What are the benefits of a common currency? CorrectIncorrect - Question 8 of 96
8. Question
Which is a trading bloc that gives preferential access to certain products from certain countries? CorrectIncorrect - Question 9 of 96
9. Question
Which organization is an international organization came into existence on December 27, 1945? CorrectIncorrect - Question 10 of 96
10. Question
Special Drawing Rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the CorrectIncorrect - Question 11 of 96
11. Question
A company that functions to unite sellers and buyers of foreign currency-denominated bank deposits is called CorrectIncorrect - Question 12 of 96
12. Question
Which of the following is not seen as an advantage of the gold standard?
CorrectIncorrect - Question 13 of 96
13. Question
What can be defined as the market in which financial assets are created or transferred?
CorrectIncorrect - Question 14 of 96
14. Question
The money market is a wholesale debt market for
CorrectIncorrect - Question 15 of 96
15. Question
What is designed to finance the long-term investments and the transactions taking place in this market will be for periods over a year?
CorrectIncorrect - Question 16 of 96
16. Question
Which one of the following market deals with the multicurrency requirements, which are met by the exchange of currencies?
CorrectIncorrect - Question 17 of 96
17. Question
What does the term Gross investment mean while denoting a nations economy?
CorrectIncorrect - Question 18 of 96
18. Question
Macroeconomics distinguishes between the real economy and the
CorrectIncorrect - Question 19 of 96
19. Question
In order to influence spending on goods and services in the short-run, monetary policy is directed at directly influencing
CorrectIncorrect - Question 20 of 96
20. Question
Dividing nominal wages (W) by labour productivity (Y/L) yields
CorrectIncorrect - Question 21 of 96
21. Question
Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the
CorrectIncorrect - Question 22 of 96
22. Question
Inflation is usually estimated by calculating the inflation rate of a price index, usually the
CorrectIncorrect - Question 23 of 96
23. Question
What means the inflation rate is the percentage rate of change of a price index over time?
CorrectIncorrect - Question 24 of 96
24. Question
Which one of the following measures average changes in prices received by domestic producers for their output?
CorrectIncorrect - Question 25 of 96
25. Question
What are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation?
CorrectIncorrect - Question 26 of 96
26. Question
What refers to the difference between income from abroad and income to abroad?
CorrectIncorrect - Question 27 of 96
27. Question
What refers to government to individuals for which there no economic activity is produced in return by these individuals?
CorrectIncorrect - Question 28 of 96
28. Question
Which one of the following measures GDP as the sum of expenditures on final goods and services?
CorrectIncorrect - Question 29 of 96
29. Question
Policy models of the economy which place particular emphasis on the control of the
CorrectIncorrect - Question 30 of 96
30. Question
What is the central part of modern public finance?
CorrectIncorrect - Question 31 of 96
31. Question
The main objective of taxation is raising
CorrectIncorrect - Question 32 of 96
32. Question
What is used as an instrument of attaining certain social objectives i.e. as a means of redistribution of wealth and thereby reducing inequalities?
CorrectIncorrect - Question 33 of 96
33. Question
What regulates the supply of money and the cost and availability of credit in the economy?
CorrectIncorrect - Question 34 of 96
34. Question
What is anything that is generally accepted as a medium of exchange?
CorrectIncorrect - Question 35 of 96
35. Question
According to which one of the following money serves as an asset that can be used to transport purchasing power from one time period to another?
CorrectIncorrect - Question 36 of 96
36. Question
According to which one of the following money is a standard that provides a consistent way of quoting prices?
CorrectIncorrect - Question 37 of 96
37. Question
International Trade is most likely to generate short-term unemployment in
CorrectIncorrect - Question 38 of 96
38. Question
Free traders maintain that an open economy is advantageous in that it provides all the following except
CorrectIncorrect - Question 39 of 96
39. Question
Which of the following is not a benefit of international trade?
CorrectIncorrect - Question 40 of 96
40. Question
Which is not an advantage of international trade?
CorrectIncorrect - Question 41 of 96
41. Question
Most economists view free trade as a
CorrectIncorrect - Question 42 of 96
42. Question
Which of the following is the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry book keeping?
CorrectIncorrect - Question 43 of 96
43. Question
Which is defined as the ability to make a good or service with fewer inputs than another individual, company, or country would use to produce it?
CorrectIncorrect - Question 44 of 96
44. Question
Under BOP accounts, _______ records the net change in ownership of foreign assets.
CorrectIncorrect - Question 45 of 96
45. Question
What is the meaning of “financing” in the financial market?
CorrectIncorrect - Question 46 of 96
46. Question
Financial instrument such as commercial paper can be sold
CorrectIncorrect - Question 47 of 96
47. Question
Type of instrument whoever holds it, gets interest and principal amount is classified as
CorrectIncorrect - Question 48 of 96
48. Question
In primary markets, property of shares which made it easy to sell newly issued security is considered as
CorrectIncorrect - Question 49 of 96
49. Question
The exchange rate is a type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market?
CorrectIncorrect - Question 50 of 96
50. Question
With which one of the following does an each member of IMF is assigned and is broadly determined by its economic position relative to other members?
CorrectIncorrect - Question 51 of 96
51. Question
What is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services?
CorrectIncorrect - Question 52 of 96
52. Question
Which of the following characterize the early stages of a financial crisis? CorrectIncorrect - Question 53 of 96
53. Question
What are financial institutions that have been established or chartered by more than one country, and hence are subjects of international law? CorrectIncorrect - Question 54 of 96
54. Question
Which one of the following consist of several regional institutions that have functions similar to the World Bank group’s activities, but with particular focus on a specific region? CorrectIncorrect - Question 55 of 96
55. Question
What represents a claim to the payment of a sum of money sometime in the future and /or periodic payment in the form of interest or dividend? CorrectIncorrect - Question 56 of 96
56. Question
What is a negotiable money market instrument and issued in dematerialized form or as a Usance Promissory Note, for funds deposited at a bank or other eligible financial institution for a specified time period? CorrectIncorrect - Question 57 of 96
57. Question
Which of the following events would not involve a supply shock that would shift the aggregate supply curve? CorrectIncorrect - Question 58 of 96
58. Question
Out of the various ways of the financing governments investment expenditure, which one of the following is a method of inflation control? CorrectIncorrect - Question 59 of 96
59. Question
What is the term used to describe a rise of average prices through the economy and means that money is losing its value? CorrectIncorrect - Question 60 of 96
60. Question
Deficit financing aims to put more money into the economy by creating additional paper currency to fill the gap between expenditure and revenue. The device aims at economic development but if it fails, it generates CorrectIncorrect - Question 61 of 96
61. Question
What refers to the total value of goods and services produced within the geographical boundary of a country before the deduction of capital consumption?
CorrectIncorrect - Question 62 of 96
62. Question
What refers to the total value of goods and services produced by productive factors owned by residents of the country both inside and outside of the country before the deduction of capital consumption?
CorrectIncorrect - Question 63 of 96
63. Question
The Government’s function is the stabilization of the economy by attempting to reduce fluctuations in income and employment and to control movements in the
CorrectIncorrect - Question 64 of 96
64. Question
What is defined as the difference between current government spending on goods and services and total current revenue from all types of taxes net of transfer payments?
CorrectIncorrect - Question 65 of 96
65. Question
What is the narrowest definition of money supply, consists of currency outside banks plus checking accounts plus traveler’s checks?
CorrectIncorrect - Question 66 of 96
66. Question
What is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability?
CorrectIncorrect - Question 67 of 96
67. Question
What is defined as the ability to make a good or service with fewer inputs than another individual, company, or country would use to produce it?
CorrectIncorrect - Question 68 of 96
68. Question
Which trade theory holds that nations can increase their economic well-being by specializing in the production of goods they produce more efficiently than anyone else?
CorrectIncorrect - Question 69 of 96
69. Question
What defines that the countries simultaneously import and export similar products from the same industry?
CorrectIncorrect - Question 70 of 96
70. Question
Nations have different comparative advantages and can gain from ________, because they have different productivities in producing different goods.
CorrectIncorrect - Question 71 of 96
71. Question
Currency and deposits at deposit-taking institutions and mortgages account for approximately what proportion of all financial assets?
CorrectIncorrect - Question 72 of 96
72. Question
Consolidation has been shown in some markets to lead to _______ fees and/but ________ interest rates.
CorrectIncorrect - Question 73 of 96
73. Question
When assessing the benefits and risks of Financial Integration, it is useful to identify which of the following types of financial integration
(I) Integration of the public sector
(II) Integration of the corporate sector
(III) Institutional and Individual investors buy and sell the stocks and bonds of other countries’ firms
(IV) The integration of the banking sectorCorrectIncorrect - Question 74 of 96
74. Question
Which of the following are the broad channels of contagion have been identified in the literature:
(I) Real links,
(II) Financial links, and
(III) Herding behavior or “unexplained high correlations.”CorrectIncorrect - Question 75 of 96
75. Question
Which one of the following is the field of economics that studies the behavior of the economy as a whole and not just on specific companies, but entire industries and economies?
CorrectIncorrect - Question 76 of 96
76. Question
The relation between macroeconomics and financial markets can be divided into
(I) Aggregate demand for goods and services
(II) Supply of goods and services
(III) Financial markets
(IV) Foreign transactionsCorrectIncorrect - Question 77 of 96
77. Question
The Institute of International Finance (IIF) is the world’s only global association of financial institutions. The IIF now serves its membership in which of the following distinct ways?
CorrectIncorrect - Question 78 of 96
78. Question
Which one of the following is an intergovernmental organization of central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks; and it is not accountable to any national government”?
CorrectIncorrect - Question 79 of 96
79. Question
What are short-term funds transferred between financial institutions, usually for a period of one day and transactions is market enable depository institutions with reserve balances in excess of reserve requirements to lend reserves to institutions with reserve deficiencies?
CorrectIncorrect - Question 80 of 96
80. Question
Which one of the following mature in one year or less and do not pay interest prior to maturity; instead they are sold at a discount of the par value to create a positive yield to maturity?
CorrectIncorrect - Question 81 of 96
81. Question
Which two of the following would (other things equal) result in a rise in prices under the ‘equation of exchange’ in the quantity theory of money?
(a) Fall in amount of money in circulation.
(b) Fall in the rate at which a given amount of money in circulation is passed from one person to another.
(c) Rise in the rate at which a given amount of money in circulation is passed from one person to another.
(d) Greater the fraction of a given amount of money in circulation which is held as an asset (i.e. as a form of wealth).
(e) Lower the fraction of a given amount of money in circulation which is held as an asset (i.e. as a form of wealth).CorrectIncorrect - Question 82 of 96
82. Question
Which three of the following are often claimed as advantages of a single currency?
(a) Lower costs of exchange
(b) No need for independent monetary policy
(c) Reduced exchange rate uncertainty
(d) Greater exchange rate uncertainty
(e) Preventing speculative attacks on a currencyCorrectIncorrect - Question 83 of 96
83. Question
The Keynesians are willing to accept the monetarists’ proposition that inflation is a monetary phenomenon under the condition that
CorrectIncorrect - Question 84 of 96
84. Question
The monetarist position that inflation is a monetary phenomenon should not preclude going behind the proximate cause of inflation. Thus, to say that inflation is a monetary phenomenon is somewhat misleading because
CorrectIncorrect - Question 85 of 96
85. Question
Which one of the following refers to the difference between the value of gross output of all goods and services produced in a given period and the value of intermediate inputs used in the production process during the same period?
CorrectIncorrect - Question 86 of 96
86. Question
Which one of the following measures national income by adding the income earned by the factor owners that are residents of the country, undistributed company profits and government income from economic participation and excludes transfer payments and stock appreciation because transfer payments and stock appreciation are not due to goods and services performed?
CorrectIncorrect - Question 87 of 96
87. Question
According to the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 and FRBM Rules, 2004, the government is under obligation to present three statements before the Parliament along with the annual budget. Which one of the following is not one of them?
CorrectIncorrect - Question 88 of 96
88. Question
Consider the following statements:
1. India spends more than 1% of its GDP on Research and Development (R&D).
2. The expenditure on R&D as proportion of GDP has increased in the past few years
3. China incurs more than four times expenditure on R&D than that by India
Which of the statements given above is/are correct?CorrectIncorrect - Question 89 of 96
89. Question
All demand for money functions that are tested are macroeconomic relationships between the aggregate demand for money and other economic variables because
CorrectIncorrect - Question 90 of 96
90. Question
Which two of the following would (other things equal) result in a rise in prices under the ‘equation of exchange’ in the quantity theory of money?
(a) Fall in amount of money in circulation
(b) Fall in the rate at which a given amount of money in circulation is passed from one person to another
(c) Rise in the rate at which a given amount of money in circulation is passed from one person to another
(d) Greater the fraction of a given amount of money in circulation which is held as an asset (i.e. as a form of wealth)
(e) Lower the fraction of a given amount of money in circulation which is held as an asset (i.e. as a form of wealth)CorrectIncorrect - Question 91 of 96
91. Question
Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?
CorrectIncorrect - Question 92 of 96
92. Question
A company of the US has excess products that it does not want to sell into the US market because it will bring down the domestic price and instead sells it at another country at below the cost of production. What is this called?
CorrectIncorrect - Question 93 of 96
93. Question
Under Double Entry Accounting In the BOP, all transactions are either debit or credit transactions. Which of the following are not debit transactions
(I) Merchandise Exports
(II) Overseas investments by home country residents
(III) Income received from investments abroad
(IV) Merchandise Imports
(V) Gifts received from foreign residents
(VI) Aid given by home government
(VII) Transportation and travel receiptsCorrectIncorrect - Question 94 of 96
94. Question
Due to which of the following reasons India was not affected much by the 2008 financial crisis
(I) Low dependence on global flows on capital and trade as external trade contributes only 20% to GDP
(II) A very strong and effective market regulators -RBI, SEBI, and most importantly FMC
(III) Foreign investments returned India in 2008-2009 with FDI inflows of over $27 billion showing their confidence in the India growth story
(IV) India followed an Expansionary fiscal policy in the form of two fiscal stimulus by lowering interest rates, expanding credit and reducing excise duty, pumping money into the economyCorrectIncorrect - Question 95 of 96
95. Question
“Given the low level of savings and investment, some economists now fear that the United States will be lucky during the 1990s to match the record of the 1980s when the amount of goods and services produced by each worker rose a scant 0.8 percent a year.” What technical term do economists use to talk about the phenomenon being discussed here?
CorrectIncorrect - Question 96 of 96
96. Question
A popular view is that the best way for governments to stimulate growth is to improve the functioning of markets and adopt stable and credible macroeconomic policies which encourage firms to take a long-term view. The trouble with this view is that governments, like voters, are more interested in
CorrectIncorrect