Indian economy GK

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Indian economy GK

Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Deficit financing implies
A
printing new currency notes
B
replacing new currency with worn out currency
C
public expenditure in excess of public revenue
D
public revenue in excess of public expenditure
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The central banking functions in India are performed by the
  1. Central Bank of India
  2. Reserve Bank of India
  3. State Bank of India
  4. Punjab National Bank

A
I, II
B
II
C
I
D
II, III
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ARDC is now a branch of the
A
RBI
B
NABARD
C
IDBI
D
SDBI
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Revenue of the state governments are raised from the following sources, except
A
entertainment tax
B
expenditure tax
C
agricultural income tax
D
land revenue
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A
Container Corporation of India Limited
B
Konkan Railway Corporation Limited
C
Indian Railways Construction Company Limited
D
Diesel Locomotive Works, Varanasi
Question 6 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
A
15 to 20 percent
B
20 to 25 percent
C
25 to 30 percent
D
30 to 35 percent
Question 7 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ICICI is the name of a
A
chemical industry
B
bureau
C
corporation
D
financial institution
Question 8 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Devaluation of currency will be more beneficial if
A
prices of domestic goods remain constant
B
prices of exports remain constant
C
prices of imports remains constant
D
prices of exports rise proportionately
Question 9 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In India, the first bank of limited liability manages by Indians and founded in 1881 was
A
Hindustan Commercial Bank
B
Oudh Commercial Bank
C
Punjab National Bank
D
Punjab and Sind Bank
Question 10 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In India, which one among the following formulates the fiscal policy?
A
Planning Commission
B
Ministry of Finance
C
Finance Commission
D
The Reserve Bank of India
Question 11 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The co-operative credit societies have a
A
two-tier structure
B
three-tier structure
C
four-tier structure
D
five-tier structure
Question 12 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
  1. interest payments
  2. subsidies
  3. defence
  4. irrigation

A
I, II
B
I
C
I, II, III
D
II, III, IV
Question 13 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
A
zero
B
equal to government income
C
larger than government income
D
negative
Question 14 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The apex body for formulating plans and coordinating research work in agriculture and allied fields is
A
State Trading Corporation
B
Regional Rural Banks
C
National Bank for Agriculture and Rural Development (NABARD)
D
Indian Council of Agricultural Research
Question 15 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Deficit financing means that the government borrows money from the
A
RBI
B
local bodies
C
big businessmen
D
IMF
There are 15 questions to complete.

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