8th June Static Quiz 2021
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8th June Static Quiz 2021 for UPSC Prelims
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- Question 1 of 5
1. Question
With reference to economy, income velocity refers to
CorrectAnswer: D
IncorrectAnswer: D
- Question 2 of 5
2. Question
With respect to economy, what does the term ‘depreciation’ mean?
CorrectAnswer: A
IncorrectAnswer: A
- Question 3 of 5
3. Question
Which of the following statements are correct with respect to Non Performing assets (NPA)?
1. A loan is considered NPA if either principal or interest has been due for more than 90 days.
2. NPA includes restructured loans and Written off assets.
Select the correct answer using the code given below.CorrectAnswer: A
Statement 2 is incorrect: Stressed Assets is a larger term that includes NPA, restructured loans and
written off debt. i.e. Stressed assets = NPAs + Restructured loans + Written off assetsIncorrectAnswer: A
Statement 2 is incorrect: Stressed Assets is a larger term that includes NPA, restructured loans and
written off debt. i.e. Stressed assets = NPAs + Restructured loans + Written off assets - Question 4 of 5
4. Question
Liquidity trap is a situation which negatively affects the economic growth of a country. In
this context, consider the following statements:
1. Consumers avoid investment in bonds and keep their funds in savings account.
2. There is a prevailing belief among consumers that market interest rates of saving will soon rise.
Which of the statements given above is/are correct?CorrectAnswer: C
Both the statements are correct.IncorrectAnswer: C
Both the statements are correct. - Question 5 of 5
5. Question
Which of the following is/are non-tax revenue receipts of Central Government of India?
1. Disinvestment of shares of PSUs
2. Interest receipt
3. Profits of government enterprises.
Select the correct answer using the code given below.CorrectAnswer: C
• Current receipts are those sources of inflow of money which do not create any liability of repayment on government. Non Tax revenue is part of Current receipts. All the receipts under “Current receipts” which are not from taxes are called “Non-Tax Revenue”.
• Disinvestment of shares of PSUs would decrease the assets of the government. Hence it is a part of
capital receipts.
• The non-tax revenues include receipts from fiscal services, interest receipts, dividends and profits of
government enterprises, general services etc.IncorrectAnswer: C
• Current receipts are those sources of inflow of money which do not create any liability of repayment on government. Non Tax revenue is part of Current receipts. All the receipts under “Current receipts” which are not from taxes are called “Non-Tax Revenue”.
• Disinvestment of shares of PSUs would decrease the assets of the government. Hence it is a part of
capital receipts.
• The non-tax revenues include receipts from fiscal services, interest receipts, dividends and profits of
government enterprises, general services etc.
