The Tertiary Sector in the Indian Economy, Questions and Answers, GK for UPSC, Bank PO & All Exams

1. Assertion (A): Balance of Payments represents a better Picture of country economic transactions with the rest of the world than the balance of Trade Balance of Payments takes into account
Reason (R): the exchange of both visible and invisible items whereas balance of Trade does not. [2006]

2. They are fantastically diverse. They speak hundred of language and dialects. They comprise scores of ethnic groups. They include highly industrialised economics and up and coming economies. They span half the surface of the earth and are home to two-fifths of the world's population. The group of countries referred to here belongs to: [1996]

3. Hawala transactions relate to payments: [1996]

4. Consider the following statements: [2007]
1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.
Which of the statements given above is/are correct?

5. Consider the following statements: [2005]
1. Sensex is based on 50 of the most important stocks available on the Bombay stock Exchange (BSE).
2. For calculating the Sensex, all the stock are assigned proportional weightage.
3. New York Stock Exchange is the oldest stock exchange in the world.
Which of the statements given above is/are correct?

6. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [1998]

7. Consider the following: [2002]
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
Which of these are included in Broad Money (M,) in India?

8. Consider the following: [20011]
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI
Which of these is/are components(s) of internal debt?

9. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)? [1996]
1. Promotion of free trade and resource flows across countries
2. Protection of intellectual property rights
3. Managing balanced trade between different countries
4. Promotion of trade between the former East Bloc countries and the western world
Select the correct answer by using the codes given below: Codes:

10. In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [2004]

General Knowledge

1. World Geography -Test-01
2. World Geography -Test-02
3. World Geography -Test-03
4. Geography of India -Test-01
5. Geography of India -Test-02
6. Geography of India -Test-03
7. Geography of India -Test-04
8. Geography of India -Test-05
9. History of India - Test - 01
10. History of India - Test - 02
11. History of India - Test - 03
12. History of India - Test - 04
13. History of India - Test - 05
14. History of India - Test - 06
15. History of India - Test - 07
16. INM-Test-01
17. INM-Test-02
18. INM-Test-03
19. INM-Test-04
20. INM-Test-05
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