Welcome to your 12 Jan 2023 Daily Quiz

1.Which among the following statements are correct regarding Gross Domestic Product? 1. It is the value added by all the firms in the economy 2. It is the final value of goods and services produced in the economy 3. It is the sum total of final consumption and investment expenditure by government, private and household sector 4. It is the income received by the four factors of production Select the correct answer using the code given below:

2.Which of the following exactly defines the phrase ‘monetary base’?

3.Which of the following constituents are assets of the RBI balance sheet? 1. Gold Coin and Bullion 2. Loans and Advances 3. Reserve Fund 4. Investment in Domestic Securities Select the correct answer from code given below.

4.In the context of Indian Banking system, the Cash Reserve Ratio indicate certain amount of money that

5.Which of the following statements regarding Outright Open Market Operations is not correct?

6.Consider the following statements 1. M1 is most liquid and easiest for transactions. 2. M2 is also known as broad money. 3. M3 is the most commonly used measure of money supply. Which of the above statements are correct?

7.Which of the following are included in the Revenue Expenditure of Government Budget? 1. Subsidies 2. Investment in shares 3. Pensions 4. Interest payment on loans.Select the correct answer from code given below.

8.Fiscal Responsibility and Budget Management (FRBM) review committee was formed in 2016 under the chairmanship of?

9.Which of the following are component of capital account of Balance of Payments of a country? 1. Banking Insurance 2. Short term debt 3. Foreign Direct Investment 4. External Commercial Borrowing Select the correct answer from code given below.

10.Which of the following currencies are part of the Special Drawing Rights (SDR) basket? 1. U.S. Dollar 2. Japanese Yen 3. Pound Sterling 4. Rubble Select the correct answer from code given below.

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