Tuesday, June 16, 2015

Day 56 - Questions


Day 56 - Purchasing Power Parity, Subsidy Leakage, JAM Trinity

( Purchasing Power Parity, Subsidy Leakage, JAM Trinity )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is true regarding Purchasing Power Parity?
a.  The exchange rate of a currency with another currency is in equilibrium when their domestic purchasing power are equivalent at that exchange rate
b.  The exchange rate of a currency with another currency is in equilibrium when their domestic purchasing power are different at that exchange rate
c.  Purchasing power parity has no effect in exchange rate
d.  None of these

2.  If the same product/service can be sold in two different countries with no restrictions on sale and transport costs are zero, the product/service's price should be the same in both countries. This theory is known as -
a.  Market Parity Theory
b.  The Law of One Price
c.  Purchasing Power Parity
d.  None of the above

3.  Subsidy leakage means -
a.  Government subsidy is reaching to the intended beneficiary
b.  Government subsidy is not reaching to the intended beneficiary
c.  Government subsidy is stopped by the government
d.  None of the above

4.  Which of the following could help in reducing the Subsidy Leakage problem?
a.  PAHAL Scheme for LPG
b.  Direct Benefit Transfer (DBT) schemes
c.  Jan-Dhan Yojana Accounts
d.  All of the above

5.  Which of the following is included in JAM Trinity?
a.  Jan Dhan Yojana
b.  Aadhar linked Direct Benefit Transfer (DBT)
c.  Mobile Numbers
d.  All of the above





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