Welcome to your Daily Quiz 23 Jan 2021

Q.1) Consider the following statements;
1. An economy experiences a recession when it has two consecutive quarters of year-on-year decline in the GDP.
2. A technical recession means that a country has experienced two consecutive quarters of decline in the production of high-end technical equipment. Which of the statements given above is/are correct?
Q.2) When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called
Q.3) Which of the following measures would result in an increase in the money supply in the economy?

1.PurchaseofgovernmentsecuritiesfromthepublicbytheCentralBank

2.BorrowingbythegovernmentfromtheCentralBank

3.SaleofgovernmentsecuritiestothepublicbytheCentralBank

Select the correct answer using the code given below:

Q.4) Consider the following statements about Zero-coupon bond;
  1. It is a debt security instrument that pays interest.
  2. It is traded at deep discounts, offering full face value (par) profits at maturity.
  3. These recapitalization bonds are special types of bonds issued by the Central government specifically to a particular institution.

Which of the statements given above is/are correct?

Q.5) The main function of the banking system is to :
Q.6) Consider the following statements about Competition Commission of India (CCI)
  1. It is a statutory body responsible for enforcing the Competition Act, 2002.
  2. It ensures fair and healthy competition in economic activities in the country for faster and inclusive growth and development of the economy.

Which of the statements given above is/are correct?

Q.7) Consider the following statements about Speaker of the Lok Sabha;
  1. His salaries and allowances are charged on the Consolidated Fund of India.
  2. He can only exercise casting vote in the event of a tie.
  3. He can be removed only by a resolution passed by the LokSabha by a simple majority.

Which of the statements given above is/are correct?

Q.8)ConsiderthefollowingstatementsaboutOrganizationforEconomicCooperationandDevelopment;

1.It is an inter-government economic organization, founded to stimulate economic progress.

2.India is a member of OECD.

Which of the statements given above is/are correct?

Q.9) 'General Data Protection Regulations' often in news, is related to
Q.10) Consider the following statements;
  1. In the Parliamentary system, the executive is responsible to the legislature for its policies.
  2. The parliamentary system is against the separation of powers.

Which of the statements given above is/are correct?

Leave a Reply