Current Affairs - Quiz - 7

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Current Affairs - Quiz - 7 - Quiz


Questions and Answers
  • 1. 

    On which one of the following issues the International Monetary Fund (IMF) has supported monetary policy of India?      

    • A.

      1) Introduction of GST

    • B.

      2) Stimulus for agriculture sector

    • C.

      3) Concessions for foreign investment

    • D.

      4) Tightening of monetary policy

    • E.

      5) None of these

    Correct Answer
    D. 4) Tightening of monetary policy
    Explanation
    The International Monetary Fund (IMF) has supported the tightening of monetary policy in India. This means that the IMF has endorsed measures taken by the Indian government to control inflation and stabilize the economy by reducing the money supply and increasing interest rates. This support from the IMF indicates that they believe these measures are necessary and effective in addressing economic challenges in India.

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  • 2. 

    While tackling the problem of inflation, which one of the following aspects is taken into consideration by the Reserve Bank of India (RBI)?      

    • A.

      1) Balance between budget deficit and price stability

    • B.

      2) Balance between growth and financial stability

    • C.

      3) Balance of prices of all essential commodities

    • D.

      4) Balance between growth, price stability and financial stability

    • E.

      5) None of these

    Correct Answer
    E. 5) None of these
  • 3. 

    Government may reduce its budgetary deficit by various measures. Which of the following is NOT one such measure?      

    • A.

      1) Market borrowing

    • B.

      2) Deficit financing

    • C.

      3) Foreign grants

    • D.

      4) Increasing taxes

    • E.

      5) Reducing taxes and increasing subsidies

    Correct Answer
    C. 3) Foreign grants
    Explanation
    Foreign grants are not a measure that the government can use to reduce its budgetary deficit. Foreign grants refer to financial assistance provided by other countries or international organizations, and they are typically used for specific purposes such as development projects or humanitarian aid. While foreign grants can contribute to a country's overall budget, they do not directly address the budgetary deficit. The other options listed, such as market borrowing, deficit financing, increasing taxes, and reducing taxes and increasing subsidies, are all measures that the government can use to reduce its budgetary deficit.

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  • 4. 

    Which among the following cannot be called an ante inflationary measure?      

    • A.

      1) Raising the Bank Rate

    • B.

      2) Raising the Reserve Ratio requirement

    • C.

      3) Purchase of security in the Open Markets

    • D.

      4) Rationing of the credit

    • E.

      5) None of these

    Correct Answer
    C. 3) Purchase of security in the Open Markets
    Explanation
    The purchase of securities in the open market is actually an expansionary monetary policy measure, not an anti-inflationary measure. When the central bank purchases securities in the open market, it injects money into the economy, which increases the money supply and stimulates economic activity. This can potentially lead to inflation, rather than controlling it. Therefore, purchasing securities in the open market cannot be considered an anti-inflationary measure.

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  • 5. 

    As per the latest data in urban areas women employment is highest in which of the following industrial areas?      

    • A.

      1) Carpet

    • B.

      2) Textile

    • C.

      3) Real estate

    • D.

      4) Education

    • E.

      5) Retail trade

    Correct Answer
    E. 5) Retail trade
    Explanation
    The correct answer is 5) Retail trade. According to the latest data, women employment is highest in urban areas in the retail trade industry. This suggests that more women are employed in jobs related to selling products and services in retail stores and businesses.

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  • 6. 

    Which among the following is not a measure to control inflation adopted by the Government or the Reserve Bank of India (RBI)?      

    • A.

      1) Monetary Policy

    • B.

      2) Fiscal Policy

    • C.

      3) Public Distribution System

    • D.

      4) Price Control

    • E.

      5) Financial Inclusion

    Correct Answer
    C. 3) Public Distribution System
    Explanation
    The Public Distribution System (PDS) is a government initiative that aims to provide subsidized food and essential commodities to the economically disadvantaged sections of society. It is not directly related to controlling inflation. Monetary policy, fiscal policy, price control, and financial inclusion are measures that can be used to control inflation by regulating the money supply, government spending, prices, and access to financial services respectively.

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  • 7. 

    Which among the following country has started paying Indian exporters in Indian rupees, an arrangement to that effect has been done by the Government of India?      

    • A.

      1) Saudi Arabia

    • B.

      2) Iran

    • C.

      3) Myanmar

    • D.

      4) Mauritius

    • E.

      5) Russia

    Correct Answer
    B. 2) Iran
    Explanation
    The correct answer is Iran. The Government of India has arranged for Indian exporters to be paid in Indian rupees by Iran.

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  • 8. 

    Malanjkhand in Madhya Pradesh is estimated to have more than 70% of extractable reserves of which of the following in the country?      

    • A.

      1) Copper

    • B.

      2) Zinc

    • C.

      3) Aluminium

    • D.

      4) Iron

    • E.

      5) Mica

    Correct Answer
    A. 1) Copper
    Explanation
    Malanjkhand in Madhya Pradesh is estimated to have more than 70% of extractable reserves of copper in the country. This means that the majority of the copper that can be extracted from the area is located in Malanjkhand.

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  • 9. 

    Many banks in India have gone for ISO 27001: 2005 certification for compliance with which among the following?      

    • A.

      1) Best Customer Service

    • B.

      2) Best Security Practice

    • C.

      3) Excellent Financial Strength

    • D.

      4) Excellent Business Values

    • E.

      5) None of these

    Correct Answer
    B. 2) Best Security Practice
    Explanation
    Many banks in India have chosen to obtain ISO 27001: 2005 certification in order to comply with best security practices. This certification ensures that the bank has implemented a comprehensive information security management system, including policies, procedures, and controls, to protect sensitive customer data and maintain the confidentiality, integrity, and availability of their information assets. By obtaining this certification, banks demonstrate their commitment to maintaining the highest standards of security and mitigating the risk of data breaches and cyber attacks.

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  • 10. 

    Which among the following is the top dividend paying company of India, as per a study done by the Economic Times?      

    • A.

      1) Oil and Natural Gas Commission

    • B.

      2) Tata Consultancy Services

    • C.

      3) Imperial Tobacco Comapany

    • D.

      4) Indian Oil Corporation

    • E.

      5) Tech Mahindra

    Correct Answer
    A. 1) Oil and Natural Gas Commission

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 10, 2013
    Quiz Created by
    Bankexamsportal
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