2021-05-16 12:52:18
GS QUESTIONS WITH DESCRIPTION-
https://t.me/allexamstricks
1.India is a member of which of the following?
1. ADB
2. Asia-Pacific Economic Cooperation
3. OECD
4. Colombo Plan
Select the correct answer using the codes given below:
(a) 2 and 4 only
(b) 1 and 4 only
(c) 1, 2 and 3 only
(d) All of the above
ANS. (b) Exp.: India is member of Asian Development Bank as well as Colombo Plan. Asian Development Bank was established in 1966. The Colombo Plan provides aid to areas of South and Southeast Asia. It’s headquarter is in Colombo. The Colombo Plan began in July 1951.
2. The Indian rupee is fully convertible:
1. In respect of current account of balance of payment.
2. In respect of capital account of balance of payment
Select the correct answer using the codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
ANS. (a) Exp.: Indian rupee is fully convertible in respect of current account of the balance of payment. Tarapore Committee has given the
recommendation for full convertibility of rupee.
3.The banks are required to maintain certain ratio between their cash in hand and assets. This is known as:
(a) SBR (Statutory Bank Ratio)
(b) SLR (Statutory Liquidity Ratio)
(c) CLR (Central Liquidity Reserve)
(d) None of the above
ANS. (b) Exp.: The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called Statutory Liquidity Ratio. SLR is fixed by the RBI through its monetary policy.
4. Consider the following statements:
1. MNREGA will increase the structural employment.
2. MNREGA will increase disguised unemployment.
Which of the statement/s given above is/are correct?
(a) 1 and 2 only
(b) 1 only
(c) 2 only
(d) Neither 1 nor 2
ANS. (a) Exp.: MNREGA will increase the structural employment because its certain infrastructural facilities is also a part of the employment programme. It will increase the disguised unemployment
5. Consider the following statements related to ‘depreciation of a currency’:
1. It refers to increase in the value of that country.s currency.
2. It can be advantageous as it makes export in the depreciated currency less expensive.
3. It occurs only, when because of a change in exchange rates, a unit of one currency buys fever units of another currency.
Which of the statement/s given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 2 only
(d) All of the above
ANS. (b) Exp.: Depreciation of currency refers to decrease in the value of that countrys currency. It is advantageous as it makes export in great level. It occurs due to change in exchange rate.
2.2K views09:52