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BANK EXAM QUIZ
  • 1. Which of the following can be the reasons which supports the need for phasing out of subsidies in agriculture?
    1. Subsidies would increase fiscal deficit.
    2. Subsidies encourage wasteful use of energy.
    3. Fertilizer subsidy has resulted in impaired micronutrients in the soil at many places.
    Select the correct answer code:

    • A) 1,2
    • B) 1,3
    • C) 2,3
    • D) 1,2,3
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    Answer D

  • 2. Consider the following statements about Most-favoured-nation (MFN) principle.
    1. MFN means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
    2. Countries cannot set up a free trade agreement that applies only to goods traded within the group.
    3. Countries can give developing countries special access to their markets.
    Which of the above statements is/are correct?

    • A) 1,2
    • B) 2,3
    • C) 1,3
    • D) 1,2,3
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    Answer C

  • 3. Consider the following statements regarding Current Account Deficit (CAD).

    1. The current account measures the flow of goods, services and investments into and out of the country.
    2. Current Account Deficit may help a debtor nation in the short-term.
    3. High software receipts and private transfers can lower current account deficit.
    Which of the above statements is/are correct?

    • A) 1,2
    • B) 1,3
    • C) 2,3
    • D) 1,2,3
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    Answer C

  • 4. India’s tax-to-GDP ratio is well below the emerging market economies. In this context, which of the following feasible measures government can take to increase tax income?
    1. Increasing the indirect tax rate
    2. Implementation of Goods and Service tax
    3. Increasing the tax base
    4. Promotion of formal banking and digital transactions
    Select the correct answer code:
    • A) 2,3
    • B) 2,3,4
    • C) 1,2,3
    • D) 1,2,3,4
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    Answer D

  • 5. Match the following pairs
    Term Definitions
    1. Deflation A. Reduction in the rate of inflation
    2. Disinflation B. General fall in the level of prices
    3. Stagflation C. Combination of inflation and rising unemployment due to recession
    4. Reflation D. Attempt to raise the prices to counteract the deflationary prices.
    Select the correct answer code:
    • A) 1-A, 2-B, 3-C, 4-D
    • B) 1-B, 2-A, 3-C, 4-D
    • C) 1-B, 2-A, 3-D, 4-C
    • D) 1-A, 2-B, 3-D, 4-C
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    Answer B

  • 6. Who has been appointed as the new Secretary General of the Lok Sabha?
    • A) Vijayalaxmi Sadho
    • B) Jyoti Dhurve
    • C) Snehlata Shrivastava
    • D) Rachna Dhingra
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    Answer C