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11. Consider the following statements about Mixed Economy system:
It combines the features of both capitalist and socialist market
India is an excellent example of mixed economy system
12. Bank Rate is defined as the rate at which:
- A. the commercial banks are able to borrow overnight funds from RBI
- B. RBI lends long term loans to commercial banks
- C. a commercial bank can lend to its customers
- D. RBI lends short term loans to commercial banks
- Check Answer | Discussion
13. Which country has officially recognized Bitcoin and digital currencies as legal money?
14. How much penalty will be imposed on banks if they refuse to exchange soiled or scribed currency notes from people, according to Reserve Bank of India (RBI)?
15. Which one of the following is not correct in the context of balance of payments of India during 2013-14?
- A. Trade Balance was negative
- B. Capital account balance was negative
- C. India's exports were less than its imports
- D. Net imbises were positive
- Check Answer | Discussion
16. In India, the bank NABARD does not provide refinance to
- A. Export-Import Banks
- B. Regional Rural Banks
- C. Scheduled Commercial Banks
- D. State Land Development Banks
- Check Answer | Discussion
17. Consider the following Important Sources of Tax Revenue for the Central Government
18. Ngultrum is a currency of which country?
19. The Phillips Curve represents relationship between
- A. Deflation and Unemployment
- B. Inflation and Unemployment
- C. Inflation and Disguised Unemployment
- D. Deflation and Cyclical Unemployment
- Check Answer | Discussion
20. Hard currency is defined as currency
- A. which can hardly be used for international transactions
- B. which is used in times of war
- C. which loses its value very fast
- D. traded in foreign exchange market for which demand is persistently relative to the supply
- Check Answer | Discussion
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