Economics GK Practice Question and Answer
8 Q: What is the relationship between the value of money and the price level in an economy?
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60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: In India, according to the Insolvency and Bankruptcy Code, 2016, the process of insolvency resolution for companies should be completed in how many days?
881 064a6845fdc607a4d2b2c74b7
64a6845fdc607a4d2b2c74b7- 1180true
- 2150false
- 3170false
- 4120false
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Answer : 1. "180"
Explanation :
1. According to the Insolvency and Disability Code, 2016 in India, the insolvency resolution process of companies must be completed in 180 days.
2. The IBC 2016 also attempted to deal with the difficulties in the existing law as well as other disagreements that may develop between debtors and creditors due to inadequacies in the information system.
Q: Which of the following is not a function of currency?
868 06088f5d5bdba7253ca28762e
6088f5d5bdba7253ca28762e- 1Measurement of valuefalse
- 2accumulation of valuefalse
- 3transfer of valuefalse
- 4stabilization of pricetrue
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Answer : 4. "stabilization of price"
Q: Assume that the exchange rate between the US Dollar and the Indian Rupee is $1 = ₹55. Now if this exchange rate increases to $1 = ₹60, then in this situation the Indian Rupee has depreciated against the US Dollar.
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649aaa06dad6f2e01f6e1304- 1depreciatedtrue
- 2appreciatedfalse
- 3appreciatedfalse
- 4overvaluedfalse
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Answer : 1. "depreciated"
Explanation :
मान लीजिए कि अमेरिकी डॉलर और भारतीय रुपये के बीच विनिमय दर $1= ₹55 है। अब यदि यह विनिमय दर बढ़कर $1 = ₹60 हो जाती है, तो इस स्थिति में अमेरिकी डॉलर की तुलना में भारतीय रुपये का _______ हुआ है।
Q: As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to ______ with effect from January 2015.
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64c24f74d3a6d4481eec7f3c- 12011-12true
- 22013-14false
- 32005-06false
- 42009-10false
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Answer : 1. "2011-12"
Explanation :
1. From January 2015, as per the recommendations of the National Statistical Commission, the GDP in India The base year of the (GDP) series was revised from 2004-05 to 2011-12.
Q: The intervention of the government whether to expand demand or reduce it constitutes the ___________.
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649aa4ff46047484bc6fa4b6- 1speculative functionfalse
- 2redistribution functionfalse
- 3stabilisation functiontrue
- 4transaction functionfalse
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Answer : 3. "stabilisation function"
Explanation :
1. Government intervention, whether to expand demand or to reduce it, is called stabilization function.
Q: What is the total stock of money in circulation among the public at a particular point of time called?
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642c0cf22b960e1a419654e3- 1Money orderfalse
- 2Money supplytrue
- 3Short moneyfalse
- 4Money launderingfalse
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Answer : 2. "Money supply "
Q: Which of the following is called the ‘father of white revolution’ in India?
803 062bdd37425fd051a6561a9fb
62bdd37425fd051a6561a9fb- 1Hargovind Khuranafalse
- 2V. Kurientrue
- 3M.S. Swaminathanfalse
- 4P.K. Sethifalse
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