Match List-I with List-II and select the correct answer:
List I | List II |
a. Accommodating capital flow | 1. Creation of international reserve assets by the IMF and their allocation among member countries in order to improve international liquidity |
b. Autonomous capital flow | 2. Estimate of foreign exchange flow on account of either variations in the collection of related figures or unrecorded illegal transactions of foreign exchange |
c. SDR Allocation | 3. Inflow of foreign exchange to meet the balance of payments deficit, normally from the IMF |
d. Statistical discrepancy | 4. Flow of loans/investments in normal course of business. |
A. a-1, b-2, c-4, d-3
B. a-3, b-4, c-1, d-2
C. a-3, b-4, c-2, d-1
D. a-3, b-1, c-2, d-4
Answer: Option B
Which of the legislation do not from part of the legal environment of business in India?
A. The Drugs and Cosmetics Act, 1940
B. The prevention of Food Adulteration Act, 1954
C. The Monopolies and Restrictive Trade Practices Act, 1969
D. Both B and C
Consider the following statements. Which of these statements is/are true?
A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state
B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible
C. India differed from core socialism as it went for a mixed economy rather than complete government control
D. All of the above statements are true
"Repo Rate" refers to the rate at which
A. RBI borrows short-term money from the market
B. Banks keeps the money with RBI
C. Banks take money from RBI after offering some securities
D. Forex is purchased by RBI
A. Preferential Trade Area
B. Custom Unions
C. Economic Union
D. Common Market
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