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Question 1 of 5
1. Question
Consider the following statements regarding Bound rates or Bound Tariffs.
- Bound rate is the maximum rate of duty (tariff) that can be imposed by the importing country on an imported commodity.
- Bound rate agreed for any commodity at WTO is same for all the members of WTO.
Which of the above statements is/are incorrect?
Correct
Solution: b)
Bound rate is the maximum rate of duty (tariff) that can be imposed by the importing country on an imported commodity. Here, each country commits itself to a ceiling on customs duties (tariff) on a certain number of products.
These rates vary from country to country and commodity to commodity.
Incorrect
Solution: b)
Bound rate is the maximum rate of duty (tariff) that can be imposed by the importing country on an imported commodity. Here, each country commits itself to a ceiling on customs duties (tariff) on a certain number of products.
These rates vary from country to country and commodity to commodity.
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Question 2 of 5
2. Question
With reference to the government expenditure in India, which of the following constitutes Transfer Payments?
- The Interest payments made to foreign countries on loans taken.
- The payments which are made by the government to its employees.
- The payments which are made as financial aid in a social welfare programme.
Select the correct answer code:
Correct
Solution: c)
In macroeconomics and finance, a transfer payment is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses.
Incorrect
Solution: c)
In macroeconomics and finance, a transfer payment is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses.
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Question 3 of 5
3. Question
A share repurchase or buyback is a decision by a company to purchase its own stock from the market. Such a move may lead to
- It tends to increase the price of remaining shares.
- It reduces the number of outstanding shares of the company.
- It is often undertaken when the company’s shares are undervalued.
Select the correct answer code:
Correct
Solution: d)
What is a share buyback?
A share repurchase or buyback is a decision by a company to purchase its own stock from the market. Such a move reduces the number of outstanding shares of the company and tend to push up their price and is often undertaken when management considers the company’s shares undervalued.
It is also a key way to transfer surplus earnings to shareholders and tends to lead to an increase in share prices.
Incorrect
Solution: d)
What is a share buyback?
A share repurchase or buyback is a decision by a company to purchase its own stock from the market. Such a move reduces the number of outstanding shares of the company and tend to push up their price and is often undertaken when management considers the company’s shares undervalued.
It is also a key way to transfer surplus earnings to shareholders and tends to lead to an increase in share prices.
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Question 4 of 5
4. Question
Internal and Extra Budgetary Resources (IEBR) sometimes seen in news is
Correct
Solution: b)
A big part of the Union government spending comes from outside the budget which is referred as extra-budgetary resources.
IEBR constitutes the resources raised by the PSUs through profits, loans and equity
Incorrect
Solution: b)
A big part of the Union government spending comes from outside the budget which is referred as extra-budgetary resources.
IEBR constitutes the resources raised by the PSUs through profits, loans and equity
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Question 5 of 5
5. Question
Consider the following statements regarding Special Drawing Right (SDR).
- The Special Drawing Right (SDR) is a non-interest bearing international reserve asset created by the IMF.
- The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF
- It can be held and used by member countries, private entities or individuals.
Which of the above statements is/are correct?
Correct
Solution: b)
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.
It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR. The SDR also serves as the unit of account of the IMF and some other international organizations.
Incorrect
Solution: b)
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.
It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR. The SDR also serves as the unit of account of the IMF and some other international organizations.
