The Official Reserve Account. The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.
Q2. Match the following.
निम्नलिखित का मिलान कीजिए |
Term / शब्द Meaning / अर्थ
1. Globalisation a. Process of reducing or removing restrictions on International trade.
वाश्विकरण अन्तराष्ट्रीय व्यापार पर प्रतिबन्ध कम करना या हटाने की प्रक्रिया |
2. Privatisation b. Process of interaction and integration among people, Companies and government of different nations.
निजीकरण विभिन्न देशों के लोगों, कंपनियों तथा सरकारों के बीच अन्तःक्रिया तथा एकीकरण की प्रक्रिया |
3. Liberalisation c. Called as denationalisation or disinvestment.
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale.
Privatization refers to the act of transferring ownership of specified property or business operations from a government organization to a privately owned entity, as well as the transition of ownership from a publicly traded, or owned, company to a privately owned company.
Liberalisation of the economy means to free it from direct or physical controls imposed by the government.
Q3. Who appoints Governor of a state in India?
भारत में राज्य के राज्यपाल की नियुक्ति कौन करता है?
(a) Prime Minister of India/ भारत के प्रधानमंत्री
(b) Council of Minister/ मंत्रि परिषद्
(c) Judge of Supreme Court/ सर्वोच्च्य न्यायालय के न्यायाधीश
Article 155 says that “The Governor of a State shall be appointed by the President by warrant under his hand and seal”. Article 156 provides that “The Governor shall hold office during the pleasure of the President”. The term of the Governor is prescribed as five years.
Q4. In which market form, a market or industry is dominated by a few firms?
किस प्रकार की बाज़ार व्यवस्था में, बाज़ार अथवा उद्योग पर कुछ ही विक्रेताओं का वर्चस्व होता है?
Monetary policy is the process by which monetary authority of a country , generally central bank controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth.
Q6. Who among the following is not a member of any of the two houses of our country?
निम्नलिखित में से कौन हमारे देश के दोनों में स से किसी भी सदन का सदस्य नहीं होता है?
The variable cash reserve ratio is comparatively new method of credit control used by central banks in recent times. In 1935, the U.S.A.’s Federal Reserve System adopted it, for the first time. In countries where the money market is unorganised or underdeveloped, increasing recourse is now taken to this method of credit control.
The variable reserve ratio device springs from the fact that the central bank, in its capacity as Bankers Bank, must hold a part of the cash reserves of commercial banks.
Q8. Which among the following is an example of microeconomic variable?
निम्नलिखित में से कौन सा सूक्ष्म आर्थिक चर का एक उदाहरण है?
The consumer’s effort to maximize total utility, subject to these constraints, is referred to as the consumer’s problem. The solution to the consumer’s problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
Q9. Fundamental duties are mentioned in which of the following part of Indian Constitution?
भारतीय संविधान के किस निम्नलिखित भाग में मौलिक कर्तव्यों का उल्लेखन हैं?
The Fundamental Duties are defined as the moral obligations of all citizens to help promote a spirit of patriotism and to uphold the unity of India. These duties, set out in Part IV–A of the Constitution, concern individuals and the nation. Like the Directive Principles, they are not enforceable by the law.
Q10. Which of the following rate is charged by banks to their most credit worthy customers?
निम्नलिखित में से कौन सी दर बैंकों द्वारा ऋण के लिए अपने सबसे योग्य ग्राहकों से वसूली जाती है?
Prime lending rate: Interest rate banks charge to their most creditworthy customers. The rate is determined by the market forces affecting a bank’s cost of funds and the rates that borrowers will accept.
Statutory Liquidity Rate: Statutory liquidity rate (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, government approved securities before providing credit to the customers.
Bank Rate : Bank Rate refers to the official interest rate at which RBI will provide loans to the banking system which includes commercial / cooperative banks, development banks etc. Such loans are given out either by direct lending or by rediscounting (buying back) the bills of commercial banks and treasury bills.
Repo Rate: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
Q11. Medium term loans are provided for a period of________.
Long terms loans are those loans which have a long tenure more than five years. Most of the long terms are secured loans for example home loans, car loans, loans against property all these category falls under long terms loans. EMI for such loans in quite low.
Medium term loans are those loans such as 1 to 5 years the interest rate is upto 36%. Also medium loans are the unsecured ones in most of the cases. EMI of such loans is more than the long terms loans.
Short term loans are those loans which has a loan tenure of 1–12 months. Interest rate that is being charged is applied on a per month basis can vary 0.5% to 2.5% per month.
Q12. Which of the following is a feature of federal Government?
निम्नलिखित में से कौन सी संघीय सरकार की एक विशेषता है?
(a) Supremacy of Parliament/ संसद की सर्वोच्चता
(b) Supremacy of Judiciary/ न्यायपालिका की सर्वोच्चता
(c) Division of powers between federal and state Government/ संघ तथा राज्यों के बीच शक्तियों का वितरण
Ans. (c) Division of powers between federal and state Government
There is a distribution of powers between the centre and the state governments, because a distribution of powers between the centre and constituent units is indispensable for its existence. Secondly, for administrative efficiency, the central government grants autonomy to provincial governments. Thus, the division of powers between the centre and the units is indispensable. Generally, the division of powers is made in such a way that matters of national importance are given to centre and matters of regional interest be given to provincial governments.