Indian Economy

Q. Open market operation is a part of:

A
Debit Policy
B
Deposit Policy
C
Credit Policy
D
None of these

Correct Answer

Credit Policy

More Questions on Indian Economy

  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)September 15, 1999
    C)October 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. Gross domestic capital formation is defined as
    A)expenditure incurred on physical assets only
    B)flow of expenditure devoted to increased or maintaining of the capital stock
    C)production exceeding demand
    D)net addition to stock after depreciation
    Answer: net addition to stock after depreciation
  • Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)Taiwan
    C)South Korea
    D)Japan
    Answer: Japan
  • Q. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Vijay L. Kelkar.
    C)Nand Kishore Singh
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • Q. National Income estimates in India is prepared by:
    A)Reserve Bank Of India
    B)Central Statistical Organisation (CSO)
    C)Planning Commission
    D)Indian Statistical Institute
    Answer: Central Statistical Organisation (CSO)
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the sum of budgetary deficit and net increase in internal and external borrowings
    C)the difference between current expenditure and current revenue
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. Project ‘Sankalp’ is associated with the elimination of:
    A)AIDS/HIV
    B)Both A and B
    C)Polio
    D)None of the above
    Answer: AIDS/HIV
  • Q. National food for Work programme aimed at intensifying the generation of supplementary wage employment was launched in:
    A)September 2003
    B)November 2004
    C)October 2004
    D)January 2004
    Answer: November 2004
  • Q. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • Q. In India, which one among the following formulates the fiscal policy?
    A)Ministry of Finance
    B)Planning Commission
    C)Finance Commission
    D)The Reserve Bank of India
    Answer: Ministry of Finance
  • Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
    A)to reduce the freedom given to banks to rationalize their existing branch network
    B)to govern entry of new private sector banks to make the banking sector more competitive
    C)to setup more foreign exchange banks
    D)to lend more easily for industrial development
    Answer: to govern entry of new private sector banks to make the banking sector more competitive
  • Q. Government has merged Annapurna Scheme with:
    A)Ujjwala
    B)National Old Age Pension Scheme
    C)IRDP
    D)None of these
    Answer: National Old Age Pension Scheme
  • Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
    A)SBI
    B)NABARD
    C)ARDC
    D)PACs
    Answer: NABARD
  • Q. Unit Trust of India (UTI) was established in:
    A)1904
    B)1964
    C)1968
    D)1970
    Answer: 1964
  • Q. In November 2007, the finance commission constituted by the president of India was:
    A)Tenth
    B)Thirteenth
    C)Ninth
    D)Eleventh
    Answer: Thirteenth
  • Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
    A)75000 Megawatt
    B)100000 Megawatt.
    C)50000 Megawatt
    D)125000 Megawatt
    Answer: 100000 Megawatt.
  • Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
    A)to reduce the freedom given to banks to rationalize their existing branch network
    B)to setup more foreign exchange banks
    C)to govern entry of new private sector banks to make the banking sector more competitive
    D)to lend more easily for industrial development
    Answer: to govern entry of new private sector banks to make the banking sector more competitive
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)farmers
    C)land development banks
    D)central government
    Answer: state co-operative banks
  • Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2005
    C)the year 2003
    D)the year 2001
    Answer: the year 2003
  • Q. Since the inception of the co-operative movement, rural credits has been
    A)rationalized
    B)institutionalized
    C)cheapened
    D)All of the above
    Answer: All of the above

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