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

- 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 5
^{th}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