List of top Indian Economy Questions on Banking, finance and macroeconomic policies asked in IIT JAM EN

An individual owns a mobile phone, currently valued at Rs. 40,000. The current wealth of the individual is Rs. 2,00,000 (including the value of the mobile phone). According to reports, there is a 20 percent chance of mobile phone theft and an actuarially fair insurance policy is available to insure the loss of the mobile phone against a theft. The individualโ€™s von-Neumann-Morgenstern utility of wealth function is given by $๐‘ˆ(๐‘Š) = \sqrt{๐‘Š}$, where ๐‘Š is the wealth. Then, the maximum willingness to pay for such an actuarially fair insurance policy is Rs. _____ (rounded off to nearest integer).
Which of the following is/are NOT CORRECT?
Which of the following are the direct instruments exercised by the Reserve Bank of India to control the money supply?
(i) Cash Reserve Ratio 
(ii) Open Market Operations 
(iii) Foreign Exchange Rate 
(iv) Statutory Liquidity Ratio
Matching List-I and List-II, choose the CORRECT option.
List-I List-II
(a)Fiscal Deficit(i)Difference between Government revenue expenditure and Government revenue receipts
(b)Revenue Deficit(ii)Difference between Government total expenditure and Government total non-debt receipts minus interest payments
(C)Primary Deficit(iii)Difference between Government total expenditure and Government total non-debt receipts
Matching List-I and List-II, choose the CORRECT option.

List-I 
(Regulatory and Supervisory Financial Institutions)

 

List-II

(Established as statutory bodies via Parliamentary Acts in year)

(a)Reserve Bank of India(i)2016
(b)Security and Exchange Board of India(ii)1934
(C)Insurance Regulatory Development Authority of India(iii)1992
(d)Insolvency and Bankruptcy Board of India(iv)1999
Which of the following deficits indicates the true current fiscal position of the Indian Economy?
ACD Bank holds a total deposit of Rs. 256412. To expand the money supply in the economy during the COVID-19 pandemic period, the Reserve Bank of India reduces the cash reserve ratio (CRR) from 4.5% to 3.5%. Due to this policy change, the additional money supply generated by ACD Bank is Rs. ____ (in integer).