666: Match List I with List II and select the correct answer using the codes given below the lists :
List I-------List II
I. Ringgit (A) Indonesia
II. Baht (B) South Korea
III. Rupiah (C) Thailand
IV. Won (D) Malayasia
Codes:
(a) I-A, II-C, III-D, IV-B
(b) I-D, II-C, III-A, IV-B
(c) I-A, II-B, III-D, IV-C
(d) I-D, II-B, III-A, IV-C
667: Which one of the following statements is an appropriate description of deflation ?
(a) It is a sudden fall in the value of a currency against other currencies
(b) It is a persistent recession in both the financial and real sectors of economy
(c) It is a persistent fall in the general price level of goods and services
(d) It is a fall in the rate of inflation over a period of time
Explanation:
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the annual inflation rate falls below zero percent (a negative inflation rate), resulting in an increase in the real value of money - allowing one to buy more goods with the same amount of money. This should not be confused with disinflation, a slow-down in the inflation rate (i.e. when inflation declines to lower levels). As inflation reduces the real value of money - the functional currency (and monetary unit of account) in a national or regional economy.
668: A person stands at the middle point of a wooden ladder which starts slipping between a vertical wall and the floor of a room, while continuing to remain in a vertical plane. The path traced by a person standing at the middle point of the slipping ladder is:
(a) A straight line
(b) An elliptical path
(c) A circular path
(d) A parabolic path
669: In India, if a religious sect/community is given the status of a national minority, what special advantages it is entitled to ?
1. It can establish and administer exclusive educational institutions.
2. The President of India automatically nominates a representative of the community to Lok Sabha.
3. It can derive benefits from the Prime Minister's 15-Point Programme.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Explanation:
According to Article 30(1) of our constitution the minorities have been given the right to establish and administer educational institutions. Option 2 is incorrect because as per article 331 of our constitution notwithstanding anything in Article 81, the President may, if he is of opinion that the Anglo Indian community is not adequately represented in the House of the people, nominate not more than two members of that community to the House of the People. Option 3 is true as minorities are eligible for benefits under PMs 15 point programme. Hence option 1 and 3 are correct.
670: Which of the following, grants direct credit assistance to the households?
1. Regional Rural Banks
2. National Bank for Agriculture and Rural Development
3. Land Development Banks
Select the correct answer using codes given below.
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Explanation:
Option 1 and 3 give direct credit assistance to the households.
In case of option 2 (NABARD), RBI provides fund to NABARD and NABARD gives it through Co-operatives, Commercial Banks and Regional Rural Banks.
So, NABARD does not give direct credit assistance.
Land Development Banks are registered under the Co-operative Societies Act to provide direct credit assistance.