Current Affairs Quiz : June 01 2021


Which of the following is not a method to calculate the Gross Domestic Product (GDP)?

   A.) Product method
   B.) Diminishing cost
   C.) Income law
   D.) Expenditure method

Answer: Option 'B'

Diminishing cost

There are 3 methods used for calculating national income namely; Income method, expenditure method, and Product method. The diminishing cost method is not a method to calculate national income.


Which of the following is/are the potential impact(s) of sale of Government securities by the Reserve Bank of India? Increase in liquidity in the market. Increase in interest rates. Select the correct answer using the code given below:

   A.) Only 1
   B.) Only 2
   C.) Neither 1 nor 2
   D.) Both 1 and 2

Answer: Option 'B'

Only 2

When the RBI feels that there is excess liquidity in the market, it resorts to sale of securities thereby sucking out the rupee liquidity. Similarly, when the liquidity conditions are tight, RBI may buy securities from the market, thereby releasing liquidity into the market.


Who releases data of national income in India?

   A.) NSSO
   B.) CSO
   C.) NITI Aayog

None of the above

Answer: Option 'B'


Current Affairs Quiz : June 01 2021 Download Pdf