Question : Regarding the money supply situation in India in 2014-15, it can be said that the:
Option 1: Currency with the public is inconvertible only
Option 2: Currency with the public is less than the deposits with the banks
Option 3: Currency with the public is more than the deposits with the banks
Option 4: Currency with the public is almost equal to the deposits with the banks
Correct Answer: Currency with the public is less than the deposits with the banks
Solution : The correct answer is the currency with the public is less than the deposits with the banks.
The cash in circulation is indeed smaller than the deposits in Indian banks. People are increasingly adopting electronic payments, such as debit cards, credit cards and mobile wallets, to make purchases. As a result, they have less cash in hand.
The supply of money is a dynamic and influential factor in the economic landscape. Its management is a key responsibility of central banks and policymakers, impacting interest rates, inflation levels, and overall economic stability. As economies evolve, so does the nature of the money supply, making it imperative for a nuanced understanding of its components and their interplay. A well-regulated and stable money supply is essential for fostering sustainable economic growth and maintaining financial equilibrium.
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Question : A money bill under Article 111 of the Constitution of India, presented to the President for assent, has to be endorsed by a Certificate of the ____________ signed by him/her that it is a money bill.
Option 1: Speaker of the Lok Sabha
Option 2: Secretary General of the Rajya Sabha
Option 3: Deputy Chairman of the Rajya Sabha
Option 4: Secretary General of the Lok Sabha
Question : When the President of India keeps a bill (except a money bill and constitutional amendment bill) pending for an indefinite period, it is called __________.
Option 1: pocket veto of the president
Option 2: suspensive veto of the president
Option 3: absolute veto of the president
Option 4: amendatory veto of the president
Question : Which is not correct about the President of India?
Option 1: The President holds office for a period of five years
Option 2: He is a part of the Parliament
Option 3: Every bill passed by the Parliament goes to the President for his assent before it becomes law
Option 4: He has veto power by which he can withhold or refuse to give assent to Bills including Money Bills passed by the Parliament
Question : In the context of Overseas Citizens of India (OCl), which of the following statements is not correct?
Option 1: An OCl is allowed to undertake all activities except research work for which special permission is required.
Option 2: An OCl is granted multiple entry visa for a period of ten years only.
Option 3: Any foreign national who was eligible to become a citizen of India on 26th January 1950 is eligible for it.
Option 4: A foreign national those who or either of whose parents or grandparents or great grandparents is or had been a citizen of Pakistan or Bangladesh, is not eligible for it.
Question : Which of the following statements is not correct regarding the Constitution of India (Eighty-sixth Amendment) Act, 2002?
Option 1: It made the provision for early childhood care and education to children below the age of six years under Article 45.
Option 2: It made it binding for the Government of India to set up a nodal ministry to ensure the effective implementation of these provisions under Article 75.
Option 3: Providing opportunities for education to his child or ward between the ages of 6-14 years was made a Fundamental Duty of a parent or guardian under Article 51A.
Option 4: Free and compulsory education for all children of the age of 6-14 years in the manner as determined by the State' was made a Fundamental Right under Article 21A.
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