Indian Economy Test 77

Result

Indian Economy Test 77

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Weekly Quiz Competition

Question 1
1 / -0

Studying the interaction between government and the economy would occur on a.

A
microsocial level

B
macrosocial level

C
secondhand level

D
macroscopic level
Question 2
1 / -0

A process by which there is transfer of results of labour of one social group to benefit another is

A
Exploitation

B
Existential inequality

C
Radicalization

D
Social mobility
Question 3
1 / -0

Consider the following statements related to the `Angel Investors' and select the correct ones, using the code given below:
1. Such investors are focused on helping the business succeed rather than reaping a huge profit from their investment.
2. Conceptually, in profit motive, they are exact opposite of a `venture capitalist'.
3. They usually invest in `person' rather than in the viability of the business.
4. In India, they are classified as a category of `venture capital funds'.

A
1, 2 and 3

B
2, 3 and 4

C
1, 3 and 4

D
1,2 ,3 and 4

Solution

Such investors are usually found among an entrepreneur's family and friends but they may be from outside also providing financial backing to entrepreneurs for starting their business. as per the SEBI it belongs to the category 'Alternative Investment Funds'.
Question 4
1 / -0

Which of the following was/were economic critic/critics of colonialism in India?
1. Dadabhai Naoroji
2. G. Subramania Iyer
3. R. C. Dutt
Select the correct answer using the code given below.

A
1 only

B
1 and 2 only

C
1 and 3

D
3 only
Question 5
1 / -0

Select the correct one/s related to income tax payments in the countryuse the code to your answer:
1. Income tax paid by salaried persons on average is over 300 per cent higher than the income tax paid by that of the business persons.
2. Individual income taxpayers in jobs and in business are almost equal in number.

A
Only 1

B
Only 2

C
1 and 2

D
Neither 1 nor 2

Solution

As per the Budget in 2016-17 the total number of income tax payers in jobs and in business was 1.89 crore and 1.88 crore, respectivelytheir respective total tax payments have been Rs. 1.44 lakh crores and Rs. 48,000 crores (respectively).
Question 6
1 / -0

Consider the following statements:
1. Inflation benefits debtors.
2. Inflation benefits the bond-holders.
Which of the statements given above are correct?

A
Only 1

B
Only 2

C
1 and 2

D
Neither 1 nor 2

Solution

Inflation brings benefit to borrowers (debtors) while the profit on the bonds gets eroded (higher the inflation lower the return on bonds through interest).
Question 7
1 / -0

Revenue of the State Governments are raised from the sources, except _______________.

A
Entertainment tax

B
Expenditure tax

C
Agricultural income tax

D
Land revenue

Solution

Expenditure tax is imposed by the Central Government, which is a kind of 'direct tax'--states in India can impose income tax on the 'agriculture income' of the farmers.
Question 8
1 / -0

Select the correct one/ones about the 'dept service ratio' of external debts, using the code given below:
1. This is measured by the proportion of total debt service payments to current receipts of the BoP.
2. It is a measure of strain on BoP due to debt service obligations.

A
Only 1

B
Only 2

C
1 and 2

D
Neither 1 nor 2

Solution

Both the statements are correct. Debt service ration is measured by the proportion of total debt service payments (i.e, principal repayment plus interest payment) to current receipts (minus official transfers) of Balance of Payments (BoP). It indicates the claim that servicing of external debt makes on current receipts and is, therefore, a measure of strain on BoP due to servicing of debt service obligations.
Question 9
1 / -0

Which one of the following statements is correct about the 'backlease' process?

A
It is a process wherein the land acquired by the government its returned to the fanner on a temporary basis.

B
It is a process through which farmers mum their compensation back to the authority in return for the complete transfer of thin. land.

C
It is a process by which the land acquired by the government is transferred to marginal fanners on contract-basis.

D
It is a process wherein the land acquired and transferred in government's name is returned to villagers who claim that their 'abode' land has been acquired.

Solution

This happens in the process of governments acquiring land for different development purposes. 'Backlease is allowed by the government ones the community of the old ow ners report as such to the concerned governmentit may be Central or any state governments.
Question 10
1 / -0

Select the correct one/s related to the `corporate bond' market in the country by using the code given below:
1. Government aims to enable the large corporate houses to meet about 25 per cent of their financing needs through it.
2. Soon 'A' grade rated corporate bonds will be considered as investment grade which is presently 'AAA'.

A
Only 1

B
Only 2

C
1 and 2

D
Neither 1 nor 2

Solution

Most regulators in India currently permit corporate bonds with 'AA' rating only as eligible for investment (while the global practise is to consider 'BBB' or equivalent as investment grade The latest budget has proposed to make it 'B' grade rated to be considered as investment grade.

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 77

Result

Indian Economy Test 77

Score

-

Rank

-

SHARING IS CARING

Question 1

microsocial level

macrosocial level

secondhand level

macroscopic level

Question 2

Exploitation

Existential inequality

Radicalization

Social mobility

Question 3

1, 2 and 3

2, 3 and 4

1, 3 and 4

1,2 ,3 and 4

Solution

Question 4

1 only

1 and 2 only

1 and 3

3 only

Question 5

Only 1

Only 2

1 and 2

Neither 1 nor 2

Solution

Question 6

Only 1

Only 2

1 and 2

Neither 1 nor 2

Solution

Question 7

Entertainment tax

Expenditure tax

Agricultural income tax

Land revenue

Solution

Question 8

Only 1

Only 2

1 and 2

Neither 1 nor 2

Solution

Question 9

It is a process wherein the land acquired by the government its returned to the fanner on a temporary basis.

It is a process through which farmers mum their compensation back to the authority in return for the complete transfer of thin. land.

It is a process by which the land acquired by the government is transferred to marginal fanners on contract-basis.

It is a process wherein the land acquired and transferred in government's name is returned to villagers who claim that their 'abode' land has been acquired.

Solution

Question 10

Only 1

Only 2

1 and 2

Neither 1 nor 2

Solution

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