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. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Andhra Pradesh
    C)Kerala
    D)Karnataka
    Answer: Karnataka
  • Q. National expenditure includes
    A)investment expenditure
    B)consumption expenditure
    C)government expenditure
    D)All of the above
    Answer: All of the above
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To make Sangam region of Allahabad more attractive for tourists
    C)To increase the welfare of the disabled
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • Q. During which five year plan was the annual growth rate registered at 2.5%?
    A)First Five Year Plan (1961-66)
    B)Second Five Year Plan (1961-66)
    C)Fourth Five Year Plan (1961-66)
    D)Third Five Year Plan (1961-66)
    Answer: Third Five Year Plan (1961-66)
  • 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. The Mid Day Meal scheme was launched on
    A)August 15, 1992
    B)August 15, 2000
    C)August 15, 1995
    D)August 15, 2001
    Answer: August 15, 1995
  • 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. 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. Which company has started a rural marketing network called e-Chaupals?
    A)Dabur
    B)ITC
    C)Procor and Gamble
    D)Hindustan liver
    Answer: ITC
  • Q. Asia’s first Export processing Zone (EPZ) was established in:
    A)Cochin
    B)Surat
    C)Kandla
    D)Chennai
    Answer: Kandla
  • Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
    A)Conservation of river water
    B)Protection of birds
    C)Conservation of Forests
    D)Protection of cheetals
    Answer: Conservation of Forests
  • Q. Which of the following is not viewed as a national debt?
    A)Life Insurance Policies
    B)Provident Fund
    C)National Saving Certificate
    D)Long-term Government Bonds
    Answer: National Saving Certificate
  • Q. In the second nationalization of commercial banks, ___ banks were nationalized.
    A)5
    B)6
    C)4
    D)8
    Answer: 6
  • 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. Resurgent India bonds were issued in US dollar, Pound Sterling and
    A)Deutsche Mark
    B)Euro
    C)Japanese Yen
    D)French Franc
    Answer: Deutsche Mark
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)K.V. Kamath
    C)Bimal Jalan
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by:
    A)Madhya Pradesh government
    B)Haryana
    C)Uttar Pradesh government
    D)none of the above
    Answer: Madhya Pradesh government
  • Q. In the World, in the production of cotton, India ranks:
    A)First
    B)Second
    C)Third
    D)Fourth
    Answer: Second
  • Q. The currency convertibility concept in its original form originated in
    A)Bretton Woods Agreement
    B)Wells Agreement
    C)Taylors Agreement
    D)None of the above
    Answer: Bretton Woods Agreement
  • Q. At present, the number of nationalized banks are:
    A)17
    B)19
    C)15
    D)12
    Answer: 12

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