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Current Affairs January 2024

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4

Of the various ways of financing government's investment expenditure, the least inflationary is : [PCS 1994]

A. foreign aid

B. deficit financing

C. taxation

D. public borrowing

Correct Answer :

C. taxation


Related Questions

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4

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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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

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4

Which of the following measures should be taken when an economy is going through inflationary pressures?
1. The direct taxes should be increased.
2. The interest rate should be reduced.
3. The public spending should be increased
Select the correct answer using the code given below: [CDS 2012]

A. 1 only

B. 2 only

C. 2 and 3

D. 1 and 2

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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

Who among the following is most benefitted from inflation? [IAS 1989]

A. Government pensioners

B. Creditors

C. Savings Bank Account holders

D. Debtors

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4

Consider the following statements:
Full convertibility of the rupee may mean: [IAS 2002]
1. its free float with other international currencies.
2. its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. it acts just like any other international currency.
Which of these statements are correct?

A. 1 and 2

B. 1 and 3

C. 2 and 3

D. 1, 2 and 3

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4

For international payments, the Indian currency is linked to :

A. American Dollar

B. British Sterling

C. Gold Standard

D. None of the above

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4

The inflation experienced in the country at present is:

A. galloping inflation

B. secondary inflation

C. unrealistic inflation

D. cost-push inflation

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4

Minimum inflation in post economic reform was in :

A. 1999-2000

B. 2000-2001

C. 2001-2002

D. 2002-2003

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4

Rising prices lead to all but one of the following:

A. promotion of inequalities

B. generation of black money

C. adverse effect on balance of payments

D. adverse effect on speculation

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4

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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4

Which of the following prints currency notes of the denomination of Rs. 100?

A. The Bank Note Press, Dewas

B. The Indian Security Press, Nasik Road

C. The Security Printing Press, Hyderabad

D. All of the above

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4

'Devaluation' means: [RRB 1992]

A. converting rupee into gold

B. lowering of the value of one currency in comparison of some foreign currency

C. making rupee dealer in comparison to some foreign currency

D. None of these

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4

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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4

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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4

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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4

Which of the following factors contributes to an inflationary trend?

A. 15% fall in production of industrial goods

B. 15% increase in prices of agricultural products

C. 15% increase in supply of money in the market

D. none of these

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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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4

The effect of inflation on tax revenue results in a situation known as :

A. stagflation

B. fiscaldrag

C. reflation

D. disinflation

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4

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

A. 1 and 2

B. 2 and 3

C. 1, 2, 3 and 4

D. 1 and 4 only

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4

The States' debt does not include:

A. loans from State Bank of India

B. loans from the Central Government

C. Provident Funds

D. treasury bills issued to international financial institutions

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4

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

Ten rupee notes bear the signature of:

A. President

B. Finance Minister

C. Secretary, Ministry of Finance

D. Governor, Reserve Bank of India

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4

Rupee was devalued by what percent in July 1991 ? [MP PCS 1990]

A. 18

B. 20

C. 22

D. 25

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4

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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4

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

How many languages are used on a ten rupee note?

A. 2

B. 7

C. 10

D. 15

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4

The sum of which of the following constitutes Broad Money in India? [IAS 1997]
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
4. Other deposits with RBI
Choose the correct answer using the codes given below:

A. 1 and 2

B. 1, 2 and 3

C. 1, 2, 3 and 4

D. 1, 2 and 4

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4

Stagflation implies a case of: [CDS 1992]

A. galloping inflation

B. recession plus inflation

C. adverse balance of trade

D. rising wages and employment

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4

Which of the following groups suffer the most from inflation? [CPO SI 2003]

A. Debtors

B. Creditors

C. Business class

D. Holders of real assets