More Questions on Indian Economy
- Q. The concept of zero-based budgeting was given by:
A)Peter drucker
B)Jagdish bhagwati
C)Peter A. Payer.
D)None of these
Answer: Peter A. Payer.
- Q. One rupee currency note in India bears the signature of-
A)Finance minister of India
B)Governor (RBI)
C)The president of India
D)Finance secretary of Government of India
Answer: Finance secretary of Government of India
- Q. Ten rupee notes contain the signature of:
A)Chairman, SBI
B)Finance Secretary, GOI
C)Governor, RBI
D)Finance Minister , GOI
Answer: Governor, RBI
- 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. Development expenditure of the Central government does not include
A)expenditure on economic services
B)expenditure on social and community services
C)defence expenditure
D)grant to states
Answer: defence expenditure
- Q. Deficit financing leads to inflation in general, but it can be checked if
A)only aggregate demand is increased
B)all the expenditure is denoted national debt payment only
C)government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
D)All of the above
Answer: All of the above
- Q. On July 12, 1982, the ARDC was merged into
A)NABARD
B)RBI
C)EXIM Bank
D)None of the above
Answer: NABARD
- Q. National expenditure includes
A)investment expenditure
B)government expenditure
C)consumption expenditure
D)All of the above
Answer: All of the above
- Q. Earn While you Learn scheme has been launched by:
A)Ministry of Youth
B)Ministry of Tourism
C)Both A and B
D)None of these
Answer: Ministry of Tourism
- Q. The first wholly Indian Bank was set up in
A)1894
B)1896
C)1794
D)1902
Answer: 1894
- Q. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A)Services sector
B)Chemicals other than fertilizers
C)Food processing
D)Telecommunication
Answer: Telecommunication
- Q. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)fall in exchange value of a country by market forces
C)reduction in currency value due to wear and tear
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- 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 April 1980 how many banks were nationalized?
A)eight banks
B)six banks
C)five banks
D)nine banks
Answer: six banks
- Q. Navaratna Status is concerned with:
A)Private Sector Companies
B)Public Sector Companies
C)Both A and B
D)None of the above
Answer: Public Sector Companies
- Q. Subsidies mean
A)payment made by business enterprises to factors of production
B)payment made by companies to shareholders
C)payment by government for purchase of goods and services
D)payment made by the government to business enterprises, without buying any goods and services
Answer: payment made by the government to business enterprises, without buying any goods and services
- Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A)decrease it
B)no impact
C)increase it
D)None of the above
Answer: increase it
- Q. In the world in terms of Railway Network system India ranks:
A)first
B)second
C)fourth
D)third
Answer: fourth
- Q. Finance Commission is constituted after every:
A)5 years
B)3 years
C)6 years
D)4 years
Answer: 5 years
- Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
A)Rs. 25,000 crores
B)Rs. 50,000 crores
C)Rs. 1,00,000 crores
D)Rs. 1,25,000 crores
Answer: Rs. 50,000 crores
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