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Question 1 of 5
1. Question
The classification of organised and unorganized sector in India is mainly based on
Correct
Solution: a)
Based on the employment conditions, the economy can be classified as organised and unorganised sector.
The sector, which is registered with the government is called an organised sector. The sector which is not registered with the government and whose terms of employment are not fixed and regular is considered as unorganised sector.
Incorrect
Solution: a)
Based on the employment conditions, the economy can be classified as organised and unorganised sector.
The sector, which is registered with the government is called an organised sector. The sector which is not registered with the government and whose terms of employment are not fixed and regular is considered as unorganised sector.
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Question 2 of 5
2. Question
Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme.
- RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors.
- The scheme provides investors an opportunity to invest only in primary market and not in secondary market.
- Sovereign Gold Bonds (SGB) are kept out of the scheme.
How many of the above statements are correct?
Correct
Solution: a)
Only Statement 1 is correct.
Reserve Bank of India (RBI) Retail Direct Scheme. The scheme provides investors an opportunity to invest in government securities in a safe and hassle-free way, in the primary and secondary market. Government securities under this scheme, includes Government of India Treasury Bills (T-Bills), Government of India dated securities (dated G-Sec), State Development Loans (SDLs), Sovereign Gold Bonds (SGB). Retail Direct Scheme offers retail investors the opportunity to buy securities directly and free of charges. Individual retailers can open a Gilt Securities Account, called a Retail Direct Gilt (RDG) account with RBI to participate in the buying and selling of government securities.
Incorrect
Solution: a)
Only Statement 1 is correct.
Reserve Bank of India (RBI) Retail Direct Scheme. The scheme provides investors an opportunity to invest in government securities in a safe and hassle-free way, in the primary and secondary market. Government securities under this scheme, includes Government of India Treasury Bills (T-Bills), Government of India dated securities (dated G-Sec), State Development Loans (SDLs), Sovereign Gold Bonds (SGB). Retail Direct Scheme offers retail investors the opportunity to buy securities directly and free of charges. Individual retailers can open a Gilt Securities Account, called a Retail Direct Gilt (RDG) account with RBI to participate in the buying and selling of government securities.
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Question 3 of 5
3. Question
Generally, the Government implements the policy of Disinvestment to
- Encourage wider share of ownership
- Introduce competition and market discipline
- Reduce the financial burden on the Government
- Depoliticise non-essential services
How many of the above statements is/are correct?
Correct
Solution: d)
Disinvestment can be defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. It is also referred to as ‘divestment’ or ‘divestiture.’
In most contexts, disinvestment typically refers to sale from the government, partly or fully, of a government-owned enterprise.
The main objectives of disinvestment were:
- To reduce the financial burden on the Government
- To improve public finances
- To introduce, competition and market discipline
- To fund growth
- To encourage wider share of ownership
- To depoliticise non-essential services
Incorrect
Solution: d)
Disinvestment can be defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. It is also referred to as ‘divestment’ or ‘divestiture.’
In most contexts, disinvestment typically refers to sale from the government, partly or fully, of a government-owned enterprise.
The main objectives of disinvestment were:
- To reduce the financial burden on the Government
- To improve public finances
- To introduce, competition and market discipline
- To fund growth
- To encourage wider share of ownership
- To depoliticise non-essential services
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Question 4 of 5
4. Question
Consider the following statements.
- Core inflation is a measure of the total inflation within an economy, including commodities such as food and energy prices.
- Core inflation typically rises and falls more gradually than inflation in food and fuel.
- The Eight Core Industries comprise nearly two-third of the weight of items included in the IIP.
How many of the above statements are correct?
Correct
Solution: a)
Only Statement 2 is correct.
Core inflation — that is the inflation rate when prices of food and fuel are taken away. Core inflation typically rises and falls more gradually than inflation in food and fuel.
Eight core industrial sectors that support infrastructure such as coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity have a total weight of nearly 40% in the Index of Industrial Production (IIP).
Incorrect
Solution: a)
Only Statement 2 is correct.
Core inflation — that is the inflation rate when prices of food and fuel are taken away. Core inflation typically rises and falls more gradually than inflation in food and fuel.
Eight core industrial sectors that support infrastructure such as coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity have a total weight of nearly 40% in the Index of Industrial Production (IIP).
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Question 5 of 5
5. Question
Which of the following forms the part of Income from Abroad while calculating Gross National Product (GNP)?
- External Grants
- Private Remittances
- Interest on External Loans
How many of the above options is/are correct?
Correct
Solution: c)
GNP measures the total monetary value of the output produced by a country’s residents. Therefore, any output produced by foreign residents within the country’s borders must be excluded in calculations of GNP, while any output produced by the country’s residents outside of its borders must be counted.
GNP does not include intermediary goods and services to avoid double-counting since they are already incorporated in the value of final goods and services.
The items which are counted in the segment ‘Income from Abroad’ is:
(i) Private Remittances
(ii) Interest on External Loans
(iii) External Grants
Incorrect
Solution: c)
GNP measures the total monetary value of the output produced by a country’s residents. Therefore, any output produced by foreign residents within the country’s borders must be excluded in calculations of GNP, while any output produced by the country’s residents outside of its borders must be counted.
GNP does not include intermediary goods and services to avoid double-counting since they are already incorporated in the value of final goods and services.
The items which are counted in the segment ‘Income from Abroad’ is:
(i) Private Remittances
(ii) Interest on External Loans
(iii) External Grants
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