=

16. Which is/are true for Treasury Bills in India ?
|. Treasury Bills are issued by State Governments.
\l, Treasury Bills are less liquid compared to Call Loans,
il, Only Central Government can issue Treasury Bills.
IV. Treasury Bills are not eligible for inclusion in Statutory Liquidity Ratio by Banks.

A) Only | and IV B) Only Il and Il
C) Only Ill and IV ‏زم‎ Only 7۷٦

17. GDP at Factor Cost is equal to
A) GNP at Market Price minus Net Indirect Tax minus Depreciation minus Net

Factor Income from Abroad
B) NNP at Market Price plus Depreciation minus Net Factor Income from Abroad

minus Net Indirect Tax
C) NDP at Factor Cost plus Net Factor Income from Abroad plus Depreciation plus

Net Indirect Tax
D) GNP at Factor Cost minus Net Factor Income from Abroad plus Depreciation

minus Net Indirect Tax

18. Which of the following statement is correct about the “Optimal Mix" of taxes ?
A) It maximizes the tax revenue for the Government.
_ By It leaves the tax revenue unchanged.

|. 1 includes retained profit and excludes transfer payments.
॥ Itincludes transfer payments but excludes rent and interest.
lil. Itincludes personal tax but excludes transfer payments.
IV. ttexcludes personal taxes and includes transfer payments.
A) Only | and IV B) Only Il and IV
೧) ೦1/1, 1! 8೧೮ ॥! 0 ۷

20. Of the following, which is/are not correct in respect of ‘Autonomous Liquidity (AL)"
related to ‘Liquidity Adjustment Facility (LAF)’ ?
|. It consists of liquidity flows that flows to commercial banks without monetary '
policy actions.
ll. Itincludes policy induced flows from the RBI to Scheduled Commercial Banks.
Ill. It consists of Central Bank Balance Sheet flows that arise from regular central
banking functions as currency authority.
IV. Itis the sum of Central Bank Balance Sheet flows that arise oul of money market

operations.
A) Only ۷ B) Only tl and Ill
C) Only | and Ill D) Only | and Iv