Indian Economy

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

Correct Answer

the sum of budgetary deficit and net increase in internal and external borrowings

More Questions on Indian Economy

  • Q. SEBI which was established in April 1988 stands for:
    A)Securities and Exchange Board of India
    B)Share and Exchange Board of India
    C)Securities and Exchange Bureau of India
    D)Security and Economic Board of India
    Answer: Securities and Exchange Board of India
  • Q. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
    A)equal to government income
    B)larger than government income
    C)zero
    D)negative
    Answer: equal to government income
  • Q. In India, the state which has the largest forest cover is:
    A)Arunachal Pradesh
    B)Chattisgarh
    C)Madhya Pradesh
    D)Odisha
    Answer: Madhya Pradesh
  • Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    A)20 to 25 percent
    B)15 to 20 percent
    C)25 to 30 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)April 12, 1988
    C)July 9, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • Q. Devaluation of currency leads to
    A)increase in domestic prices
    B)no impact on domestic prices
    C)fall in domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • 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. As per the 2009-10, data the commodity with highest share in total export value was:
    A)Engineering goods
    B)Gems and Jewellery.
    C)Petroleum products
    D)Rice
    Answer: Gems and Jewellery.
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of coal
    C)Self-dependence in the production of petroleum crude oil
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. Excise duty is a tax levied on the
    A)export of goods
    B)production of goods
    C)import of goods
    D)sale of goods
    Answer: production of goods
  • Q. India’s share in textiles trade of the world is:
    A)6%
    B)8%
    C)4%
    D)10%
    Answer: 6%
  • Q. In India, the state which has the largest forest cover is:
    A)Arunachal Pradesh
    B)Madhya Pradesh
    C)Chattisgarh
    D)Odisha
    Answer: Madhya Pradesh
  • Q. India changed over to the decimal system of coinage in
    A)April 1957
    B)April 1995
    C)April 1958
    D)April 1959
    Answer: April 1957
  • Q. The current price index (base 1960) is nearly 330. This means that
    A)the prices of certain selected items have gone up to 3-3 times
    B)all items cost 3-3 times more than what they did in 1960
    C)weighted means of prices of certain item has increased 3-3 times
    D)gold price has gone up 3-3 times
    Answer: weighted means of prices of certain item has increased 3-3 times
  • Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
    A)NITI Ayog
    B)The Comptroller General of Accounts
    C)RBI
    D)None of these
    Answer: The Comptroller General of Accounts
  • Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
    A)Essar Oil
    B)Reliance Energy
    C)GAIL
    D)ONGC
    Answer: Essar Oil
  • Q. Navaratna Status is concerned with:
    A)Private Sector Companies
    B)Both A and B
    C)Public Sector Companies
    D)None of the above
    Answer: Public Sector Companies
  • 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. India’s share in textiles trade of the world is:
    A)6%
    B)4%
    C)8%
    D)10%
    Answer: 6%
  • Q. SEBI which was established in April 1988 stands for:
    A)Securities and Exchange Board of India
    B)Securities and Exchange Bureau of India
    C)Share and Exchange Board of India
    D)Security and Economic Board of India
    Answer: Securities and Exchange Board of India

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