WorksheetsMACRO AND IED
Total questions: 40
Worksheet time: 23mins
What is the Cash Reserve Ratio (CRR)?
the fraction of the deposits that commercial banks lend to the customers
the fraction of the deposits that RBI must keep with commercial banks
the fraction of the deposits that commercial banks must keep with RBI
What is the reserve deposit ration (rdr)?
the proportion of money RBI lends to commercial banks
the proportion of total deposits commercial banks keep as reserves
the total proportion of money that commercial banks lend to the customers
What possess general acceptability?
Bank draft
Money
Bill of exchange
Which bank is called lender of last resort?
Commercial bank
Agricultural bank
Central bank
Which bank enjoys monopoly power of Note issue?
NABARD
Commercial Bank
Central Bank
What is the name of Central Bank in India?
SBI
RBI
PNB
Deposits which are payable after the expiry of a fixed period are called -
time deposits.
demand deposits.
NONE
What is the ratio of deposits which commercial banks are required to keep with themselves called?
CRR
SLR
both
The rate at which central bank lends to commercial banks is called?
SLR
CRR
bank rate
Buying and selling of government securities by the central bank from/to banks is called?
open market operations
margin
banking
While calculating NNP(FC) Using Income Method, we always focus on items of:
Expenditure
Income
Value added
All of the above
Income from sale of shares, bond and Debentures will not be included in National Income.
True
False
Durable goods purchased by government for military purposes are?
final goods
intermediate goods
material goods
non material goods
Flow of factor services from households to firms and the flow of goods and services from firms to households is called
money flow
income flow
product flow
real flow
Which of the following is not one of the classifications of factor incomes?
compensation of employees
subsidies
mixed income
operating surplus
The Circular Flow Diagram is a model showing
that the different sectors of the economy are interdependent.
how the market system works.
the relationship between major sectors of the economy.
the relative importance of the different sectors of the economy.
GNP at MP = ______
GDPMP – Depreciation
GDPMP + Depreciation
GDPMP ÷ Depreciation
GDPMP + Net factor income from abroad
Who all are normal citizens of india?
1. An Indian girl studying in USA since 2019
2. A korean working in WHO office in delhi for 2 years
3. An american diplomat working in india since 2017
4. Indian ambassador working in singapore
2. and 4.
1. 2. and 4.
2. 3. and 4.
all of the above
Which services are provided by families to a firm?
land
labour
capital and enterprise
all of the above
1. Read the following statement- Assertion (A) and Reason (R). Choose one of the correct alternatives given below
Assertion: Some efforts were made by the Colonial Regime to improve infrastructure facilities in India.
Reason: The real objective of the British was to subserve various Colonial interests.
Both A and R are true but R is the correct explanation of A.
Both A and R are true but R is not correct explanation of A.
A is true but R is false.
A is false bu
1. Assertion (A): The two important industries which were adversely affected by partition were Cotton textile and Jute industry.
Reason (R): India faced problem of rehabilitation of large number of refugees from Pakistan.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true
1. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The construction of railways led to huge economic losses to the Indian economy.
Reason (R): It enhanced commercialization of Indian agriculture, which adversely affected the comparative self-sufficiency of the village economies in India.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): Railways was the most important infrastructure developed during the British period.
Reason (R) : Railways enabled people to undertake long distance travel. It broke geographical and cultural barriers which promoted national integration.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the
Assertion (A) is true but Reason (R) is false. correct explanation of Assertion(A).
Assertion (A) is false but Reason (R) is true.
10. Assertion (A): India inherited a well-developed infrastructure from the British.
Reason (R): Britishers developed roads and introduced railways in India.
A and R both correct. R is correct explanation of A.
A and R both correct. R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.
1. Read the following statement- Assertion (A) and Reason (R). Choose one of the correct alternatives given below
Assertion: Some efforts were made by the Colonial Regime to improve infrastructure facilities in India.
Reason: The real objective of the British was to subserve various Colonial interests.
Both A and R are true but R is the correct explanation of A.
Both A and R are true but R is not correct explanation of A.
A is true but R is false.
1) A is false but R is true.
10. Assertion (A) : The restrictive policies of commodity production, trade and tariff pursued by the Colonial government adversely affected the structure, composition and volume of India’s foreign trade.
Reason (R) : The export surplus generated during colonial period did not result in any flow of gold or silver into India.
a)
b)
c)
d)
Both Assertion (A) and Reason (R) are true and the Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and the Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false
Assertion (A) is false but Reason (R) is true
1. Assertion: Colonial government levied 0% import duty on British goods imported in India.
Reason: Colonial government systematically destroyed Indian handicraft industry.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is NOT the correct explanation of A.
A is true but R is false.
D - A is false but R is true
Both A and R are false
Assertion (A): Railways was the most important infrastructure developed during the British period.
Reason (R) : Railways enabled people to undertake long distance travel. It broke geographical and cultural barriers which promoted national integration.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the
Assertion (A) is true but Reason (R) is false. correct explanation of Assertion(A).
Assertion (A) is false but Reason (R) is true.
1. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The construction of railways led to huge economic losses to the Indian economy.
Reason (R): It enhanced commercialization of Indian agriculture, which adversely affected the comparative self-sufficiency of the village economies in India.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Which services are provided by families to a firm?
land
labour
capital and enterprise
all of the above
A straight line across the width of the note is called __________
Secure mark
Security thread
Silver thread
Demonetisation refers to withdrawal of:
Limited Legal Tender from the currency
Legal Tender from the currency
Debt from government
None of the above
Which body (authority) supervises the functioning of formal sources of loans?
Finance Ministry
Head Office of each Bank
Reserve Bank
Cooperative Societies
Who issues the currency notes in India?
Currency notes are issued by the Finance Commission.
All the nationalized banks can issue the currency notes.
Only Reserve Bank of India can issue currency notes.
Any individual or organization can issue currency notes with the permission of the govt.
People also have the provision to withdraw the money as and when they require the deposits in the bank accounts to be withdrawn, what are these deposits called?
Fixed Deposits
Savings
Demand Deposits
Demand Drafts
A ………... is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been issued?
Deposit slip
Withdrawal slip
ATM facility
Cheque
What came after grains and cattle as a medium of exchange in India?
Currency notes
metallic coins — gold, silver, copper
Barter System
Value for land
Demonetisation refers to withdrawal of:
Limited Legal Tender from the currency
Legal Tender from the currency
Debt from government
None of the above
