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Question 1 of 5
1. Question
1 pointsWhich of the following statements regarding Consumer Price Index — Industrial Workers (CPI-IW) is/are correct?
1. CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors.
2. The base year for CPI-IW is 2001.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
The government last year launched a new series for the Consumer Price Index — Industrial Workers (CPI-IW) changing the base year to 2016 from 2001.
The CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in the determination and revision of minimum wages in scheduled employment.Incorrect
Statement 1 is correct while statement 2 is incorrect.
The government last year launched a new series for the Consumer Price Index — Industrial Workers (CPI-IW) changing the base year to 2016 from 2001.
The CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in the determination and revision of minimum wages in scheduled employment. -
Question 2 of 5
2. Question
1 pointsThe government usually resorts to printing currency as the last resort in managing its deficit due to which of the following reasons?
1. Government expenditure using this new money boosts incomes and raises private demand in the economy, thus leading to inflation.
2. Excess supply of rupee will cause its depreciation.
Select the correct answer using the codes given belowCorrect
Government expenditure using printed money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation.
Incorrect
Government expenditure using printed money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation.
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Question 3 of 5
3. Question
1 pointsWhich of the following indicators are monitored by the Reserve Bank of India in the banking sector?
1. Cash flow with banks
2. Credit activities of banks
3. Spurious transactions
Select the correct answer using the codes given belowCorrect
All of the above are correct.
Banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. Similarly, the RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, small borrowers etc. Banks need to report spurious transactions to the Financial Intelligence Unit. The norms are regulated by RBI.Incorrect
All of the above are correct.
Banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. Similarly, the RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, small borrowers etc. Banks need to report spurious transactions to the Financial Intelligence Unit. The norms are regulated by RBI. -
Question 4 of 5
4. Question
1 pointsWhich of the following given below were the objectives of Coastal Regulation Zone (CRZ) rules notified by the government?
1. Ensure livelihood security of fisher communities
2. Sustainably promote coastal development
3. Conserve the coastal environment
Select the correct answer using the codes given belowCorrect
All of the above are correct.
The government of India, in 2011, came up with Coastal Regulation Zone (CRZ).
The objective of CRZ was three-fold — to ensure livelihood security of fisher communities, conserve the coastal environment, and sustainably promote development via understanding the risks and hazards. In 2019, CRZ was updated to develop and manage the coastal regions on scientific principles, considering the current global challenge of climate change and sea-level rise.Incorrect
All of the above are correct.
The government of India, in 2011, came up with Coastal Regulation Zone (CRZ).
The objective of CRZ was three-fold — to ensure livelihood security of fisher communities, conserve the coastal environment, and sustainably promote development via understanding the risks and hazards. In 2019, CRZ was updated to develop and manage the coastal regions on scientific principles, considering the current global challenge of climate change and sea-level rise. -
Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding G20 Countries is/are correct?
1. G20 is an international forum of the governments and central bank governors from 20 major economies.
2. G20 was formed as a result of 2008 Global Financial Crisis.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
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