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Prelims-IAS – ECONOMICS MCQ-33

1.. Which of the following are the possible impacts of devaluation of a currency in a country?

  1. It may help in combating inflation.
  2. It may lead to increase in Aggregate Demand.
  3. It may lead to improvement in current account balance.

Select the correct answer using the code given below.

(a)  1 only

(b)  1 and 3 only

(c)  2 and 3 only

(d)  1, 2 and 3


2.. Which of the following bodies are associated with the Insolvency and Bankruptcy Code 2016?

  1. Debt Recovery Tribunal
  2. National Company Law Tribunal
  3. Insolvency and Bankruptcy Board of India

Select the correct answer using the code given below.

(a)  1 and 2 only

(b)  3 only

(c)  1 and 3 only

(d)  1, 2 and 3


3.. Which of the following is/are the effects of New Economic Policy 1991 on Indian economy?

  1. Increase in foreign direct investment and forex reserves.
  2. Increase in public investment in agricultural infrastructure.
  3. Reduction in regional disparities.

Select the correct answer using the code given below.

(a)  1 and 2 only

(b)  1 only

(c)  2 and 3 only

(d)  1, 2 and 3


4.. Which of the following are the consequences of the policy of protectionism?

  1. More choice for domestic consumers
  2. Higher cost of domestic goods
  3. Helps domestic industries to compete against foreign players.
  4. Reduction in forex reserves of the nation.

Select the correct answer using the code given below:
(a) 1 and 3 only
(b) 1 and 4 only

(c) 2 and 3 only

(d) 2 and 4 only


5..  Which of the following can reduce the deficit in Balance of Payments?

  1. Reducing import custom duties
  2. Restrictive monetary policy
  3. Appreciation of domestic currency

Select the correct answer using the code given below.
(a) 1 and 3 only
(b) 2 and 3 only
(c) 2 only
(d) 1 and 2 only


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