# ICAR NET: Economics MCQs (Practice_Test 48 of 122)

Dr. Manishika Jain- Join online Paper 1 intensive course. Includes tests and expected questions.

commercial bank holds the following types of assets:

Treasury bills

Loans and advances

ash

Money at call and short notice

The correct order in terms of increasing liquidity is:

3, 4, 1, 2

4, 1, 3, 2

3, 2, 1, 4

2, 4, 1, 3

Should the Reserve Bank wish to intensive the cash with commercial banks, it could

release gold form its rese

buy government bonds in the open market

prohibit transactions involving bills of exchange

increase the cash reserve ratio

Gold Tranche (reserve tranche) refers to

a loand system of the world bank

one of the operations of a Central bank

a credit system granted by WTO to its members

a credit system granted by IMF to its members

Under WTO provisions

the G − 7 countries have veto power to overrule the verdict reached by the dispute Settlement body

upon filing a case by a country or a group of countries the dispute Settlement body has to reach a verdict (even including appeals) within 15 months from the date on which a cases was field.

thee are no agreements on trade in services

all the above statements are correct

The principle of Maximum social advantage is concerned with

taxation only

expenditure only

public debt only

both taxation & public expenditure

justice in taxation is best ensured by applying the principle of

equal absolute sacrifice

equal proportional sacrifice

equal marginal sacrifice

quid pro quo

Tobin tax is a tax on

exports

imports

transactions in foreign exchange

sales

Budgetary deficit does NOT take into account

revenue deficit

capital budget deficit

balance of payment deficit

interest payment on public debt

The sum of squared deviations is the least when taken from

mode

median

arithmetic mean

geometric mean

Suppose the average weight of 9 persons is 50 kg. Average weight of the first 5 persons is 45 kg, whereas average weight of the last 5 persons is 55 kg. Then the weight of the 5th member will be

45.0 kg

47.5 kg

50.0 kg

52.5 kg

Which one of the following statistical measures is NOT effected by extremely large or shall values?

Median

harmonic mean

Standard deviation

coefficient of variation

Gien is the following distribution of two variables X & Y: Where X: 1, 2, 3, 4, 5 & Y: 3, 4, 5, 6, 7 The standard deviation of Y is

Same as standard deviation of X

(the standard deviation of X) x 2

(the standard deviation of X) + 2

(the standard deviation of X) -2

The standard deviation of six numbers 3, 3, 3, 5, 5, 5 is

1

4

0

Cannot be obtained since the unit of measurement is not given

If for a sample data: Mean < median < mode, then the distribution is

skewed to the right

symmetric

skewed to the left

neither symmetric nor skewed