Indian Economy ...

Which of the following is/are correct about the budgeting process of the Government of India?
1. Unlike some other countries, the fiscal deficit of India is mostly financed from domestic sources.
2. Domestic sources meet around 98 per cent of India's deficit financing
3. Market borrowing constitutes around 84 per cent of domestic sources in India's deficit financing.

Select the items which India shows in its current account, using the code given below:
1. Inflows due to exports and outflows due to imports.
2. Inflows and outflows due to income repatriation.
3. Inflows and outflow due to foreign portfolio investment.
4. External lending and borrowings.

Select the incorrect statements regarding the marginal standing facility rate of the RBI, using the code give below:
1. It is similar to the repo rate for the financial institutions.
2. It is on the lines of the liquidity adjustment facility and part of it.
3. Though it is a costlier route to fulfill overnight requirement of funds, it is not a penal rate.
4. Banks use this route once they exhaust all channels to raise short-term fund.

Select the correct statement/s about the new Bilateral Investment Treaty of India, using the code given below:
1. It aims to enhance comfort level and boost the confidence of foreign investors.
2. It projects India as a preferred foreign direct investment (FDI) destination.
3. It protects outbound Indian FDI.

Consider the following statements and select the incorrect one/ones using the code given below:
1. Internal and Extra Budgetary Resources (IEBR) route is generally not used by the GoI while financing the Union Budget since the FRBM Act has been implement.
2. The FRBM Act puts very transparent checks and controls on the IEBR route.
3. For the fiscal 2016-17, the GoI has taken excuse from the FRBM Act so that extra resources can be mobilized via the IEBR.

Due to certain reasons, it becomes difficult for the Export Credit Guarantee Corporation to cover pure commercial risks of the medium and long term exports originating from India. Select the answer using the code give below:
1. Long repayment period
2. The large value of contracts
3. Difficult economic and political conditions in the importing countries 
4. Non-availability of re-insurance for such external projects.

Select the correct one/ones about the merchant banks in India, using the code given below:
1. They are non-banking finance companies regulated by the SEBI.
2. Recently, they have been allowed to disburse loans to the corporate sector.

Select the NRI bank account from the given list which India does not permit to be opened in the country:

Select the incorrect statements regarding the 'angel investors' , using the code given below:
1. The investors who provide financial backing to entrepreneurs for starting their business.
2. They are investors with positive spillover effects.
3. They may provide finance as loan or as share capital in the upcoming business.
4. They usually invest in person rather then the economic viability of the business.
5. They are usually from the entrepreneur's family and friends but may be from outside, too.
6. Venture capital funds serve similar purpose to the extent arrangement of investible capital is concerned. 

Select the correct statements about the security market in India, using the code given below:
1. As the ADRs and GDRs are for the foreigners with respect to Indian companies, the IDRs are for the Indians with respect to the foreign companies.
2. Due to availability of better routes for foreign investments in the Indian security market, the IDR route has lost its relevance.
3. The IDRs are today a very popular route for Indians to invest in the foreign security market.
4. India allows debt and non-debt, both forms of the securities under ADR, GDR and IDR.