DAILY STATIC QUIZ (PYQs)
It will cover PYQs all the topics of static subjects – Polity, History, Geography, Economics, Environment and Science and technology.
Daily 5 questions (Monday to Saturday) will be posted from static topics (PYQs)
The questions will be in the quiz format so you will be able to answer them directly on the portal.
Schedule
Same cycle will be repeated from Week 6.
Make the best use of the initiative. All the best!
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In India, deficit financing is used for raising resources for (2013)
Solution (a)
Deficit financing means generating funds to finance the deficit which results from excess of expenditure over revenue. The gap being covered by borrowing from the public by the sale of bonds or by printing new money.
Why we need deficit financing?
For developing countries like India, higher economic growth is a priority. A higher economic growth requires finances. With the private sector being shy of making huge expenditure, the responsibility of drawing financial resources rests on the government.
Solution (a)
Deficit financing means generating funds to finance the deficit which results from excess of expenditure over revenue. The gap being covered by borrowing from the public by the sale of bonds or by printing new money.
Why we need deficit financing?
For developing countries like India, higher economic growth is a priority. A higher economic growth requires finances. With the private sector being shy of making huge expenditure, the responsibility of drawing financial resources rests on the government.
An increase in the Bank Rate generally indicates that the (2013)
Solution (d)
Bank rate is the rate charged by the central bank for lending funds to commercial banks.
Solution (d)
Bank rate is the rate charged by the central bank for lending funds to commercial banks.
The balance of payments of a country is a systematic record of (2013)
Solution (a)
The balance of payments (BOP) of a country is the record of all economic transactions between the residents of a country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year).
Solution (a)
The balance of payments (BOP) of a country is the record of all economic transactions between the residents of a country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year).
Which of the following grants/grant direct credit assistance to rural households? (2013)
Select the correct answer using the codes given below.
Solution (c)
NABARD do not provide direct assistance. It “refinance” the assistance by other institutions. It provides credit via intermediaries such as Microfinance companies, cooperative society.
Solution (c)
NABARD do not provide direct assistance. It “refinance” the assistance by other institutions. It provides credit via intermediaries such as Microfinance companies, cooperative society.
The national income of a country for a given period is equal to the (2013)
Solution (a)
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output. In other words, national income is a monetary measure.
Solution (a)
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output. In other words, national income is a monetary measure.
