66. The term “inflation” refers to:
a) A decrease in the general level of prices
b) An increase in the general level of prices
c) The exchange of goods and services between countries
d) The difference between total exports and imports of a country
67. The Reserve Bank of India (RBI) uses which monetary policy tool to control inflation?
a) Open market operations
b) Fiscal stimulus packages
c) Direct control over interest rates
d) Subsidies on essential commodities
68. The term “current account deficit” refers to:
a) The excess of current exports over current imports
b) The excess of current imports over current exports
c) The excess of capital inflows over capital outflows
d) The excess of capital outflows over capital inflows
69. The Goods and Services Tax (GST) is a:
a) Direct tax imposed on individuals’ income
b) Indirect tax imposed on the sale of goods and services
c) Tax imposed on imports and exports of goods
d) Tax imposed on the profits of corporations
70. The term “black money” refers to:
a) Money earned through illegal activities
b) Money stored in foreign bank accounts
c) Money used for political campaign financing
d) Money earned through stock market investments
