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Indian Economy Test 5
Read Instructions for the test.
Negative marks are -0.33 per wrong answer
Right answer is 1 mark
No time limit but finish in 30 mins
Solution can be found at below chapters:
Test series is based on following chapters.
Indian Economy Chapter 6: FINANCIAL FACTS
Indian Economy Chapter 7: STATISTICAL CONCEPTS
Q1: Capital Gains Tax is a
direct tax
indirect tax
non tax
none
Q2: Capital Gains Tax is levied on
land [Except Agriculture land]
building factory
machinery, shares, debentures, mutual funds
all
Q3:Capital Gains tax is paid by the ___ of the Asset
seller
assessor
buyer
all
Q4: Wholesale price index
calculated by economic advisor
base year – 2011-12
both a and b
none
Q5:Consumer price index
calculated by Central Statistics Office
base year – 2012
both
none
Q6: Index of industrial production
calculated by Central Statistics Office
base year - 2004
both
none
Q7: GDP is
calculated by Central Statistics Office
base year - 2011
both
none
Q8: Index of industrial production
It has 682 items which are grouped into three categories like Manufacturing, Mining and Electricity
Total weight of three is 1000.
There are 8 core sectors of I.I.P which have 38% weight
all
Q9: ___ is highest weight in core sector of IIP
fertilizer
electricity
steel
cement
Q10:___ is lowest weight in core sector of IIP
electricty
cement
steel
fertilizer
Q11:I.I.P data is also presented goods category wise which are
Basic goods
Consumer non durables
Intermediate goods, Capital goods, Consumer non durables
all
Q12: Wholesale price index include
manufactured products, primary articles and fuel and power
It is released weekly and monthly
both
none
Q13: Consumer price index include
types of C.P.I: rural, urban and consolidated
C.P.I covers service sector too which is not a part of W.P.I or I.I.P.
C.P.I is released monthly.
all
Q14: Which is true ?
C.P.I urban is calculated after data from N.S.S.O
investment > rural is from data collected by N.S.S.O + post office.
both
none
Q15: Annual survey of industries is
It is conducted by C.S.O
It provides information to understand the growth, composition of organized manufacturing sector.
both
none
Q16: Savings in bank accounts, current account, demand draft.are
time deposits
demand deposits
both
recurring deposits
Q17: fixed deposits, recurring deposits, cash certificates, staff security certificates. are
demand deposits
time deposits
both
none
Q18: time deposits + demand deposits. =
net time and demand liabilities
nominal exchange deposts
repo rate
marginal standing facility
Q19: Total stock of money in circulation with the public at any point of time is called
money supply
money circulation
cash in hand
none
Q20: currency in circulation with public [CU] + demand deposits in commercial banks = ___
M1
M0
M2
M3
Q21: M1 + saving deposits held by post office banks =
M0
M2
M3
M4
Q22: M1 + net time deposits held in commercial banks =
M4
M3
M2
M1
Q23: M3 + total deposits with post office banks[except national savings certificate] =
M1
M2
M3
M4
Q24: Which is true ?
Liquidity increases from M4 to M1.
M1, M2 are narrow money and M3, M4 are broad money.
M3 is the most popular measure of money supply known as aggregate monetary resource.
all
Q25: ratio of money held by public in currency to that they hold as deposits in banks.
Currency deposit ratio
Reserve deposit ratio
Cash reserve ratio
none
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