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 first fully Indian Bank is:
    A)Central Bank of India
    B)Canara Bank
    C)Punjab National Bank
    D)State Bank of India
    Answer: Punjab National Bank
  • Q. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
    A)81
    B)85
    C)82
    D)93
    Answer: 82
  • 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. 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. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
    A)81
    B)82
    C)85
    D)93
    Answer: 82
  • Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2003
    C)the year 2005
    D)the year 2001
    Answer: the year 2003
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. The currency convertibility concept in its original form originated in
    A)Bretton Woods Agreement
    B)Taylors Agreement
    C)Wells Agreement
    D)None of the above
    Answer: Bretton Woods Agreement
  • Q. In April 1980 how many banks were nationalized?
    A)eight banks
    B)five banks
    C)six banks
    D)nine banks
    Answer: six banks
  • Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
    A)1986
    B)2006
    C)1982
    D)1975
    Answer: 1975
  • Q. Ten rupee notes contain the signature of:
    A)Chairman, SBI
    B)Governor, RBI
    C)Finance Secretary, GOI
    D)Finance Minister , GOI
    Answer: Governor, RBI
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)four-tier structure
    C)two-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. The association of the rupee with pound sterling as the intervention currency was broken in
    A)1991
    B)1990
    C)1992
    D)1993
    Answer: 1992
  • Q. The number of finance commissions set up upto now is:
    A)14
    B)15
    C)13
    D)16
    Answer: 15
  • 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. In the second nationalization of commercial banks, ___ banks were nationalized.
    A)5
    B)4
    C)6
    D)8
    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
  • Q. Debenture holders of a company are its
    A)creditors
    B)debtors
    C)shareholders
    D)directors
    Answer: creditors
  • Q. ICICI is the name of a
    A)bureau
    B)chemical industry
    C)corporation
    D)financial institution
    Answer: financial institution
  • 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

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