Economics

  1. Read the following statements carefully:  Statement 1: Primary deposits are the cash deposits by general public with commercial banks.  Statement 2: Secondary deposits are those deposits which arise on account of credit provided by the commercial banks to the people.  In light of the given statements, choose the correct alternative from the following:  (a) Statement 1 is true and Statement 2 is false.  (b) Statement 1 is false and Statement 2 is true.  (c) Both Statements 1 and 2 are true.  (d) Both Statements 1 and 2 are false.  2. The rate at which commercial banks borrow from the Reserve Bank of India to meet their long-term requirements is known as ______ (Choose the correct alternative to fill up the blank)  (a) Margin requirement  (b) Bank rate  (c) Repo rate  (d) Reverse repo rate  3. Read the following news report carefully:  “The central bank has imposed fine on Hisar Urban Cooperative Bank Ltd. and...

 1..Read the following statements carefully:  Statement 1: Borrowings by a nation from the World Bank to finance Balance of Payment (BOP) deficit will be recorded in the capital account.  Statement 2: Autonomous transactions are independent of the condition of Balance of Payment (BOP) account.  In light of the given statements, choose the correct alternative from the following:  (a) Statement 1 is true and Statement 2 is false.  (b) Statement 1 is false and Statement 2 is true.  (c) Both Statements 1 and 2 are true.  (d) Both Statements 1 and 2 are false.  2. Suppose that, the Balance of Trade of a nation exhibits a deficit of ₹ 50,000 crore. The import of visible items are  five times of the exports of visible items. The value of exports of visible items would be ₹_______ crore.  (Choose the correct alternative to fill up the blank)  (a) 20,000 (b) 10,000  (c) 12,500  (d) 20,300  3. Gifts and remittances sent ab...

  The Goods and Services Tax (GST) rates will be put into action from September 22nd, according to the GST Council's recent announcement. The reforms are intended to simplify the tax structure and affect a wide range of goods and services. The tariff on several common foods will be lowered from 18% to 5%. As per the official sources, the goal of the GST reform is to move most goods into the 5% and 18% tax bands.  New GST Rate on Essential Food Items The central government has changed the  GST slab  for essential food items. Check the full list below: New GST Rate on Essential Food Items The central government has changed the  GST slab  for essential food items. Check the full list below: Item Revised GST Rate Previous Rate UHT (Ultra High Temperature) Milk 0% 5% Pre-packaged & labelled Chhena/Paneer 0% 5% Roti 0% 5% Pizza bread 0% 5% Khakhra 0% 5% Condensed milk 5% 12%–18% Butter 5% 12%–18% Ghee 5% 12%–18% Cheese 5% 12%–18% Dairy spreads 5% 12%–18% Choc...