1. In India, which of the following is/are a mechanism of deficit financing? (b)
1. borrowing from RBI.
2. borrowing from commercial banks.
3. issuing fresh currency notes.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
2. International Development Association (IDA) is called the ‘soft’ window of the World Bank (WB) because (c)
a) it lends for software and It development
b) taking loans from it is very easy
c) its loans are interest free
d) none
3. Development expenditure would include (b)
1. expenditure on building roads.
2. debt service liabilities.
3. grants-in-aid.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
4. With reference to narrow money, consider the following statements : (a)
1. They are highly liquid.
2. Banks run their lending programme mainly with this money.
Which of the statements given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
5. 100 people went for a job in a company. The company told them that while there is a vacancy, none of them posses the skill required for the job. What kind of unemployment would this be called? (b)
a) disguised unemployment
b) structural unemployment
c) cyclical unemployment
d) none