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Current Affairs January 2024

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4

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

A. Chemicals other than fertilizers

B. Services sector

C. Food processing

D. Telecommunication

Correct Answer :

D. Telecommunication


Related Questions

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Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

A. USD

B. JPY

C. Euro

D. None of these

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Black money is :

A. counterfeit currency

B. illegally earned money

C. money earned through underhand deals

D. income on which payment of tax is usually evaded

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4

Convertibility of the rupee implies: [IAS 1994]

A. being able to convert rupee notes into gold

B. freely permitting the conversion of rupee to other major currencies and vice versa

C. allowing the value of the rupee to be fixed by market forces

D. developing an international market for currencies in India

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Which of the following can be used for checking inflation temporarily?

A. Increase in wages

B. Decrease in money supply

C. Decrease in taxes

D. None of the above

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Monetary policy is regulated by:

A. money lenders

B. Central Bank

C. private entrepreneurs

D. Government policy

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When was decimal coinage introduced in India? [CDS 2005]

A. 1947

B. 1950

C. 1957

D. 1960

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Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation

A. 1 and 3

B. 1 only

C. 2 only

D. 1, 3 and 4

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4

M3 includes:

A. M1 + T.D

B. M1 + post office saving deposit

C. M1 +- post office total deposit

D. M1 + national saving certificate

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Inflation can be contained by:

A. surplus budget

B. increase in taxation

C. reduction in public expenditure

D. all the above

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Inflation implies: [Railways 1994]

A. rise in budget deficit

B. rise in money supply

C. rise in general price index

D. rise in prices of consumer goods

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Inflationary Gap is a situation characterized by:

A. excess of Aggregate Demand over Aggregate Supply at the full employment level

B. gap between Galloping Inflation and Runaway Inflation

C. Inflation coupled with recession

D. Inflation that usually prevails in a developing country

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When was the decimal system of currency introduced in India?

A. 1948

B. 1950

C. 1954

D. 1957

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Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? [SSC Graduate 2003]

A. Rs. 500

B. Rs. 100

C. Rs. 50

D. Rs. 5

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A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

A. inflation

B. hyper-inflation

C. deflation

D. disinflation

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4

Consider the following statement:
The price of any currency in international market is determined by the:
1. WTO
2. Demand for goods/services provided by the country concerned
3. Inflation differential between the country concerned and its major trading partners
4. Stability of the government of the concerned country
Of these statements:

A. 1, 2, 3, and 4 are correct

B. 1, 2 and 4 are correct

C. 1, 3 and 4 are correct

D. 2, 3 and 4 are correct

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The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

A. hyperinflation

B. galloping inflation

C. stagflation

D. reflation

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The cause of inflation is:

A. increase in money supply

B. fall in production

C. increase in money supply and fall in production

D. decrease in money supply and fall in production

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M1 includes:

A. currency with public

B. demand deposit with bank

C. other deposits with RBI

D. all of the above

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Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]

A. I only

B. II only

C. Both I and II

D. Neither I nor II

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Hard Currency is defined as currency:

A. which can hardly be used for international transactions

B. which is used in times of war

C. which loses its value very fast

D. traded in foreign exchange market for which demand is persistently relative to the supply

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The period of high inflation and low economic growth is termed as: [RRB 1992]

A. stagnation

B. take-off stage in economy

C. stagflation

D. none of these

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Devaluation of currency by a country is meant to lead to :
1. expansion of import trade
2. promotion of import substitution
3. expansion of export trade

A. 1 only

B. 2 and 3

C. 1 and 2

D. 1 and 4

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4

The Indian Rupee is fully convertible:
1. In respect of Current Account of Balance of Payments
2. In respect of Capital Account of Balance of Payments
3. Into Gold
Which of these statements is/are correct ?

A. 1 only

B. 3 only

C. 1 and 2 only

D. 1, 2 and 3

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Minimum inflation in post economic reform was in :

A. 1999-2000

B. 2000-2001

C. 2001-2002

D. 2002-2003

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Under the Constitution, the power to raise and disburse public funds:

A. has been vested in Union Government

B. has been divided between the Union and State Governments

C. has been given to the Finance Commission

D. has not been given to anyone

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4

Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?

A. The Hyderabad Mint

B. The Mumbai Mint

C. The Kolkata Mint

D. None of the above

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An essential attribute of inflation is:

A. fall in production

B. increase in prices

C. absence of black market

D. presence of black market

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Which of the following is wrongly matched?

A. Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time

B. Recession: Reduction in demand and production/ investment over a short period of time

C. Stagflation: slow pace of economic activity due to falling prices

D. Boom: Rapid and all-round spurt in economic activity

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4

Inflation is caused as a result of:

A. increase in money supply

B. fall in production

C. increase in money supply without a corresponding increase in production

D. decrease in money supply without a corresponding decrease in production

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4

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

A. Chemicals other than fertilizers

B. Services sector

C. Food processing

D. Telecommunication