Chapter: Poverty, Unemployment and Alleviation Programmes
101.

Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana?
1. The case component of the programme is borne exclusively by the Central Government.
2. Foodgrains are provided free of cost to the States/Union Territories. Select the answer using the codes given below [NDA 2008]

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer» B. 2 only
102.

Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer» A. 1 only
103.

The Food For Work programme was renamed as:

A. Rural Landless Employment Guarantee Programme (RLEGP)
B. National Rural Employment Programme (NREP)
C. Jawahar Rozgar Yojana (JRY)
D. Integrated Rural Development Programme (IRDP)
Answer» B. National Rural Employment Programme (NREP)
104.

Pradhan Mantri Gramodaya Yojana aims at:

A. meeting rural needs like Primary education; health care, drinking water, housing, rural roads
B. alleviating poverty micro-enterprises
C. generating employment in the rural areas
D. strengthening the Panchayati Raj System in rural areas
Answer» A. meeting rural needs like Primary education; health care, drinking water, housing, rural roads
105.

Which one of the following statements is not correct? [IAS 2004]

A. Under the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg. of food grains per month per family at subsidised price
B. Under Annapurna Scheme, indigent senior citizens of 65 years of age or above eligible for National Old Age Pension but not getting pension can get 10 kg of food grains per person per month free of cost
C. Ministry of Social Justice and Empowerment has scheme in which indigent people living in welfare institutions like orphanges are given 15 kg of food grains per person per month at BPL rates
D. Ministry of Human Resource Development gives financial support to Mid-Day Meal Scheme for the benefit of class I to V students in Government or Government aided Schools
Answer» A. Under the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg. of food grains per month per family at subsidised price
106.

Consider the following statements: [IAS 2004]
1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India.
2. The Kisan Credit Card holders are provided personal accident insurance of Rs.50000 for accidental death and Rs. 25000 for permanent disability.
Which of the statement given above is/are correct?

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 or 2
Answer» B. 2 only
107.

DWCRA stands for:

A. Development and Welfare of Catchment Rural Areas
B. Development of Women and Children in Rural Areas
C. Direct Welfare of Children in Rural Areas
D. All of the above
Answer» B. Development of Women and Children in Rural Areas
108.

Which one of the following is a revamp of the Integrated Rural Development Programme?

A. Jawahar Gram Samridhi Yojana
B. Community-based Pro-poor Initiative
C. Swarnajayanti Gram Swarozgar Yojana
D. National Social Assistance Programme
Answer» C. Swarnajayanti Gram Swarozgar Yojana
109.

What is the main objective of Antyodaya programme?

A. Uplift the poor
B. Uplift the urban poor
C. Uplift the farmer
D. Uplift the landless labour
Answer» A. Uplift the poor
110.

Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work? [RBI Grade B Officer 2011]

A. TRYSEM
B. Pradhan Mantri Gram Sadak Yojana
C. Kutir Jyoti Scheme
D. MNREGA
Answer» D. MNREGA
111.

Swarn Jayanti Gram Swa-Rozgar Yojna came into being in : [UPPCS 2002]

A. April 1995
B. April 1997
C. April 1999
D. July 2001
Answer» C. April 1999
112.

The Minimum Needs Programme aims to:

A. provide means for greater mechanization of agriculture
B. improve the living condition of the poor and also promote their education and health
C. provide necessary resources by way of refinance to primary lenders
D. None of these
Answer» B. improve the living condition of the poor and also promote their education and health
113.

The Rural Landless Employment Guarantee Programme (RLEGP) is an extension of:

A. Integrated Rural Development Programme (IRDP)
B. National Rural Employment Programme (NREP)
C. Training of Rural Youth for Self Employment (TRYSEM)
D. Minimum Needs Programme (MNP)
Answer» B. National Rural Employment Programme (NREP)
114.

With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]

A. It is an incentive scheme of scholarships for the single girl child in families in villages.
B. It is an incentive scheme of scholarships for female sportspersons from villages who represent their states in any game.
C. It is an incentive scheme for schools in the villages for computer education.
D. It is an incentive scheme Panchayati Raj institutions.
Answer» D. It is an incentive scheme Panchayati Raj institutions.
115.

The strategic aim of IRDP is :

A. to reduce unemployment
B. to provide the required inputs for increasing agricultural productivity
C. to provide more opportunities for rural employment and credit facilities at concessional rate of interest
D. none of these
Answer» C. to provide more opportunities for rural employment and credit facilities at concessional rate of interest
116.

Operation Blackboard aims at

A. promoting adult literacy
B. providing education to urban slum dwellers
C. opening of new schools specially for female children
D. providing primary education in an educationally backward area
Answer» A. promoting adult literacy
117.

In India, present trend of rapid urbanisation is due to:

A. lack of employment opportunities in rural areas
B. influence of cinema and electronic media
C. break up of joint family system
D. abolition of zamindari system
Answer» A. lack of employment opportunities in rural areas
118.

With reference to the government's welfare schemes, consider the following statements:
1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice.
2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Government
3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost.
Which of these statements are correct? [IAS 2003]

A. 1 and 2
B. 1 and 3
C. 2 and 3
D. 1, 2 and 3
Answer» D. 1, 2 and 3
119.

Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 :
1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right.
2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work.
Which of the statements given above is/are correct? [IAS 2006]

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 and 2
Answer» B. 2 only
120.

What is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?

A. 2400 and 2100
B. 2100and 2400
C. 2400 and 2200
D. 2100 and 2200
Answer» A. 2400 and 2100
121.

Which of these programs has not been included in the Swarna Jayanti Swarozgar Yojana?

A. IRDP
B. TRYSEM
C. DWCRA
D. JR
Answer» D. JR
122.

For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]

A. To provide affordable houses to people living BPL
B. To provide affordable houses to rural poor
C. To provide affordable houses to minorities
D. To provide affordable houses to slum dwellers and the urban poor
Answer» D. To provide affordable houses to slum dwellers and the urban poor
123.

Which of the following is NOT an economic empowerment scheme launched by the Govt. of India for the benefit of various sections of society? [Punjab & Sindh Bank 2011]

A. STEP
B. Swayamsidha
C. KALPANA-1
D. Swadhar
Answer» C. KALPANA-1
124.

The Govt. of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 2015.Which of the following is NOT one of those goals? [Punjab & Sindh Bank 2011]

A. Improve mental health
B. Combat HIV/AIDS, Malaria
C. Reduce marriageable age for males to 18 yr
D. Promote gender equality and empower women
Answer» C. Reduce marriageable age for males to 18 yr
125.

Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011]

A. Rs. 10,0007
B. Rs. 20,0007
C. Rs. 30,0007
D. Rs. 40,0007
Answer» C. Rs. 30,0007
126.

The Govt. of India does not provide any direct financial assistance to which of the following schemes? [SBI Associates Clerk 2011]

A. Mahatma Gandhi National Rural Employment Guarantee scheme
B. Rural Health Mission
C. Indira Aawas Yojana
D. Jeevan Sathi Yojana
Answer» D. Jeevan Sathi Yojana
127.

Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for unorganized workers? [SBI Associates Clerk 2011]

A. Primary school teacher
B. Employee of Sugar Factory
C. Textile Mazdoor
D. Rickshaw Puller
Answer» D. Rickshaw Puller
128.

As per latest data in urban areas women employment is highest in which of the following industries areas? [UBI PO 2010]

A. Private households
B. Textiles
C. Apparel
D. Retail Trade
Answer» D. Retail Trade
129.

When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012]

A. seasonal unemployment
B. structural unemployment
C. disguised unemployment
D. cyclical unemployment
Answer» B. structural unemployment
130.

Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____ [Bank of India PO 2010]

A. 50 years
B. 55 years
C. 65 years
D. 60 years
Answer» C. 65 years
131.

Poverty in less developed countries is largely due to [CPO SI 2010]

A. voluntary idleness
B. income inequality
C. lack of cultural activities
D. lack of intelligence of the people
Answer» B. income inequality
Chapter: Currency and Inflation
132.

Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation

A. 1 and 3
B. 1 only
C. 2 only
D. 1, 3 and 4
Answer» C. 2 only
133.

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

A. 1 and 2
B. 2 and 3
C. 1, 2, 3 and 4
D. 1 and 4 only
Answer» C. 1, 2, 3 and 4
134.

Among the remedies of inflation we cannot include:

A. better capacity utilisation
B. lowering bank rate
C. reducing budgetary deficit
D. an efficient public distribution system
Answer» B. lowering bank rate
135.

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

A. inflation
B. hyper-inflation
C. deflation
D. disinflation
Answer» B. hyper-inflation
136.

Inflationary Gap is a situation characterized by:

A. excess of Aggregate Demand over Aggregate Supply at the full employment level
B. gap between Galloping Inflation and Runaway Inflation
C. Inflation coupled with recession
D. Inflation that usually prevails in a developing country
Answer» A. excess of Aggregate Demand over Aggregate Supply at the full employment level
137.

Which of the following is wrongly matched?

A. Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time
B. Recession: Reduction in demand and production/ investment over a short period of time
C. Stagflation: slow pace of economic activity due to falling prices
D. Boom: Rapid and all-round spurt in economic activity
Answer» C. Stagflation: slow pace of economic activity due to falling prices
138.

The cause of inflation is:

A. increase in money supply
B. fall in production
C. increase in money supply and fall in production
D. decrease in money supply and fall in production
Answer» C. increase in money supply and fall in production
139.

Who among the following is most benefitted from inflation? [IAS 1989]

A. Government pensioners
B. Creditors
C. Savings Bank Account holders
D. Debtors
Answer» D. Debtors
140.

Which of the following groups suffer the most from inflation? [CPO SI 2003]

A. Debtors
B. Creditors
C. Business class
D. Holders of real assets
Answer» B. Creditors
141.

Minimum inflation in post economic reform was in :

A. 1999-2000
B. 2000-01
C. 2001-02
D. 2002-03
Answer» A. 1999-2000
142.

Inflation is caused as a result of:

A. increase in money supply
B. fall in production
C. increase in money supply without a corresponding increase in production
D. decrease in money supply without a corresponding decrease in production
Answer» C. increase in money supply without a corresponding increase in production
143.

Which of the following accounts for Cost-Push Inflation?

A. Increase in money supply
B. Increase in indirect taxation
C. Increase in population
D. Increase in non-plan expenditure
Answer» B. Increase in indirect taxation
144.

The inflation experienced in the country at present is:

A. galloping inflation
B. secondary inflation
C. unrealistic inflation
D. cost-push inflation
Answer» D. cost-push inflation
145.

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

A. Containing budgetory deficits and unproductive expenditure
B. Streamlined public distribution system
C. Enhanced rate of production of all consumer goods
D. Pursuing an export-oriented strategy
Answer» A. Containing budgetory deficits and unproductive expenditure
146.

Of the various ways of financing government's investment expenditure, the least inflationary is : [PCS 1994]

A. foreign aid
B. deficit financing
C. taxation
D. public borrowing
Answer» C. taxation
147.

'Devaluation' means: [RRB 1992]

A. converting rupee into gold
B. lowering of the value of one currency in comparison of some foreign currency
C. making rupee dealer in comparison to some foreign currency
D. None of these
Answer» B. lowering of the value of one currency in comparison of some foreign currency
148.

Monetary policy is regulated by:

A. money lenders
B. Central Bank
C. private entrepreneurs
D. Government policy
Answer» B. Central Bank
149.

One-rupee currency notes bear the signature of:

A. Prime Minister of India
B. President of India
C. Finance Minister of India
D. Finance Secretary of India
Answer» D. Finance Secretary of India
150.

Ten rupee notes bear the signature of:

A. President
B. Finance Minister
C. Secretary, Ministry of Finance
D. Governor, Reserve Bank of India
Answer» D. Governor, Reserve Bank of India
151.

When was the decimal system of currency introduced in India?

A. 1948
B. 1950
C. 1954
D. 1957
Answer» D. 1957
152.

Which of the following prints currency notes of the denomination of Rs. 100?

A. The Bank Note Press, Dewas
B. The Indian Security Press, Nasik Road
C. The Security Printing Press, Hyderabad
D. All of the above
Answer» A. The Bank Note Press, Dewas
153.

The highest denomination of currency notes in circulation as legal tender in India is at present:

A. Rs. 50
B. Rs.100
C. Rs. 500
D. Rs.1000
Answer» D. Rs.1000
154.

The special paper required for printing of currency notes by the Security Presses In the country is manufactured at :

A. Hyderabad
B. Kolkata
C. Hoshangabad
D. Dewas
Answer» C. Hoshangabad
155.

Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?

A. The Hyderabad Mint
B. The Mumbai Mint
C. The Kolkata Mint
D. None of the above
Answer» B. The Mumbai Mint
156.

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

A. Nasik
B. Hoshangabad
C. Dewas
D. Noida
Answer» D. Noida
157.

For international payments, the Indian currency is linked to :

A. American Dollar
B. British Sterling
C. Gold Standard
D. None of the above
Answer» A. American Dollar
158.

How many languages are used on a ten rupee note?

A. 2
B. 7
C. 10
D. 15
Answer» D. 15
159.

Convertibility of the rupee implies: [IAS 1994]

A. being able to convert rupee notes into gold
B. freely permitting the conversion of rupee to other major currencies and vice versa
C. allowing the value of the rupee to be fixed by market forces
D. developing an international market for currencies in India
Answer» B. freely permitting the conversion of rupee to other major currencies and vice versa
160.

Black money is :

A. counterfeit currency
B. illegally earned money
C. money earned through underhand deals
D. income on which payment of tax is usually evaded
Answer» D. income on which payment of tax is usually evaded
161.

Broad money in India is :

A. M1
B. M2
C. M3
D. M4
Answer» C. M3
162.

The Issue Department of the RBI maintains a _______ against printing of notes:

A. Minimum Reserve System
B. Proportional Reserve System
C. Proportional Gold Reserve System
D. Proportional Foreign Securities Reserve System
Answer» A. Minimum Reserve System
163.

Devaluation of currency by a country is meant to lead to : 1. expansion of import trade 2. promotion of import substitution 3. expansion of export trade

A. 1 only
B. 2 and 3
C. 1 and 2
D. 1 and 4
Answer» B. 2 and 3
164.

Which of the following is incorrect about convertibility?

A. The exchange rate should be determined by the forces of demand and supply of the currency
B. The exchange rate' would indicate the strength of the economy
C. It would discourage black market transactions
D. The RBI will be a direct player now rather than being an indirect one
Answer» D. The RBI will be a direct player now rather than being an indirect one
165.

The States' debt does not include:

A. loans from State Bank of India
B. loans from the Central Government
C. Provident Funds
D. treasury bills issued to international financial institutions
Answer» D. treasury bills issued to international financial institutions
166.

Consider the following statement:
The price of any currency in international market is determined by the:
1. WTO
2. Demand for goods/services provided by the country concerned
3. Inflation differential between the country concerned and its major trading partners
4. Stability of the government of the concerned country Of these statements:

A. 1, 2, 3, and 4 are correct
B. 1, 2 and 4 are correct
C. 1, 3 and 4 are correct
D. 2, 3 and 4 are correct
Answer» D. 2, 3 and 4 are correct
167.

Hard Currency is defined as currency:

A. which can hardly be used for international transactions
B. which is used in times of war
C. which loses its value very fast
D. traded in foreign exchange market for which demand is persistently relative to the supply
Answer» D. traded in foreign exchange market for which demand is persistently relative to the supply
168.

The Indian Rupee is fully convertible:
1. In respect of Current Account of Balance of Payments
2. In respect of Capital Account of Balance of Payments
3. Into Gold
Which of these statements is/are correct ?

A. 1 only
B. 3 only
C. 1 and 2 only
D. 1, 2 and 3
Answer» A. 1 only
169.

Consider the following statements:
The price of any currency in international market is decided by the [IAS 1998]
1. World Bank
2. Demand for goods/services provided by the country concerned
3. stability of the government of the concerned country
4. economic potential of the country in question Of these statements:

A. 1, 2, 3 and 4 are correct
B. 2 and 3 are correct
C. 3 and 4 are correct
D. 1 and 4 are correct
Answer» B. 2 and 3 are correct
170.

Inflation implies: [Railways 1994]

A. rise in budget deficit
B. rise in money supply
C. rise in general price index
D. rise in prices of consumer goods
Answer» C. rise in general price index
171.

The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

A. hyperinflation
B. galloping inflation
C. stagflation
D. reflation
Answer» C. stagflation
172.

Which of the following factors contributes to an inflationary trend?

A. 15% fall in production of industrial goods
B. 15% increase in prices of agricultural products
C. 15% increase in supply of money in the market
D. none of these
Answer» C. 15% increase in supply of money in the market
173.

Which of the following can be used for checking inflation temporarily?

A. Increase in wages
B. Decrease in money supply
C. Decrease in taxes
D. None of the above
Answer» B. Decrease in money supply
174.

Who among the following are not protected against inflation.? [Railways 1992]

A. Salaried class
B. Industrial workers
C. Pensioners
D. Agricultural farmers
Answer» D. Agricultural farmers
175.

An essential attribute of inflation is:

A. fall in production
B. increase in prices
C. absence of black market
D. presence of black market
Answer» B. increase in prices
176.

The best means of saving during inflation is to keep:

A. money
B. Government Bonds
C. equity
D. time deposits with Banks
Answer» A. money
177.

The period of high inflation and low economic growth is termed as: [RRB 1992]

A. stagnation
B. take-off stage in economy
C. stagflation
D. none of these
Answer» C. stagflation
178.

Stagflation implies a case of: [CDS 1992]

A. galloping inflation
B. recession plus inflation
C. adverse balance of trade
D. rising wages and employment
Answer» B. recession plus inflation
179.

Inflation can be contained by:

A. surplus budget
B. increase in taxation
C. reduction in public expenditure
D. all the above
Answer» D. all the above
180.

Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates : [IFS 1990]

A. inflation
B. devaluation
C. deflation
D. demonetization
Answer» A. inflation
181.

A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as : [CDS 1999]

A. demand-pull inflation
B. cost-push inflation
C. stagflation
D. structural inflation
Answer» A. demand-pull inflation
182.

A high rate of inflation tends to worsen balance of payments because:

A. prices of imported goods rise
B. prices of exported goods rise making exports less competitive
C. prices of imported goods fall and hence more is imported
D. prices of exported goods fall and hence less amount is obtained in terms of foreign exchange
Answer» B. prices of exported goods rise making exports less competitive
183.

The effect of inflation on tax revenue results in a situation known as :

A. stagflation
B. fiscaldrag
C. reflation
D. disinflation
Answer» B. fiscaldrag
184.

The sum of which of the following constitutes Broad Money in India? [IAS 1997]
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
4. Other deposits with RBI
Choose the correct answer using the codes given below:

A. 1 and 2
B. 1, 2 and 3
C. 1, 2, 3 and 4
D. 1, 2 and 4
Answer» C. 1, 2, 3 and 4
185.

Rising prices lead to all but one of the following:

A. promotion of inequalities
B. generation of black money
C. adverse effect on balance of payments
D. adverse effect on speculation
Answer» D. adverse effect on speculation
186.

Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]

A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer» C. Both I and II
187.

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication
Answer» D. Telecommunication
188.

Under the Constitution, the power to raise and disburse public funds:

A. has been vested in Union Government
B. has been divided between the Union and State Governments
C. has been given to the Finance Commission
D. has not been given to anyone
Answer» B. has been divided between the Union and State Governments
189.

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 3 and 4
D. 1 and 3
Answer» A. 1, 2 and 3
190.

Rupee was devalued by what percent in July 1991 ? [MP PCS 1990]

A. 18
B. 20
C. 22
D. 25
Answer» B. 20
191.

When was decimal coinage introduced in India? [CDS 2005]

A. 1947
B. 1950
C. 1957
D. 1960
Answer» C. 1957
192.

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

A. US $
B. JPY
C. Euro
D. CAD
Answer» A. US $
193.

Which of the following is/are treated as artificial currency? [IAS 2010]

A. ADR
B. GDR
C. SDR
D. Both ADR and SDR
Answer» C. SDR
194.

Which of the following measures should be taken when an economy is going through inflationary pressures?
1. The direct taxes should be increased.
2. The interest rate should be reduced.
3. The public spending should be increased
Select the correct answer using the code given below: [CDS 2012] Code:

A. 1 only
B. 2 only
C. 2 and 3
D. 1 and 2
Answer» B. 2 only
195.

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

A. Double Deflation
B. Deflation
C. Deep Recession
D. Double Dip Recession
Answer» C. Deep Recession
196.

M1 includes:

A. currency with public
B. demand deposit with bank
C. other deposits with RBI
D. all of the above
Answer» D. all of the above
197.

M3 includes:

A. M1 + T.D
B. M1 + post office saving deposit
C. M1 +- post office total deposit
D. M1 + national saving certificate
Answer» A. M1 + T.D
198.

Consider the following statements: Full convertibility of the rupee may mean: [IAS 2002]
1. its free float with other international currencies.
2. its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. it acts just like any other international currency.
Which of these statements are correct?

A. 1 and 2
B. 1 and 3
C. 2 and 3
D. 1, 2 and 3
Answer» A. 1 and 2
199.

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]

A. Rs. 500
B. Rs. 100
C. Rs. 50
D. Rs. 10
Answer» C. Rs. 50
200.

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it? [SSC Graduate 2003]

A. Rs. 500
B. Rs. 100
C. Rs. 50
D. Rs. 5
Answer» B. Rs. 100
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