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. 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. ICICI is the name of a
    A)bureau
    B)chemical industry
    C)corporation
    D)financial institution
    Answer: financial institution
  • 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. The main rubber producing state in the country is:
    A)Tamil Nadu
    B)Kerala
    C)Karnataka
    D)Hyderabad
    Answer: Kerala
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. Reserve Bank of India was nationalized in the year
    A)1945
    B)1935
    C)1949
    D)1969
    Answer: 1949
  • Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
    A)1969
    B)1971
    C)1970
    D)1968
    Answer: 1969
  • Q. Paper currency first started in India in
    A)1542
    B)1601
    C)1861
    D)1880
    Answer: 1861
  • Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
    A)Bank of Baroda
    B)State Bank of India
    C)Punjab National Bank
    D)Central Bank of India
    Answer: Punjab National Bank
  • Q. Debenture holders of a company are its
    A)creditors
    B)debtors
    C)shareholders
    D)directors
    Answer: creditors
  • Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will neither increase nor decrease
    C)will decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • Q. Debenture holders of a company are its
    A)creditors
    B)shareholders
    C)debtors
    D)directors
    Answer: creditors
  • Q. Gross domestic capital formation is defined as
    A)expenditure incurred on physical assets only
    B)production exceeding demand
    C)flow of expenditure devoted to increased or maintaining of the capital stock
    D)net addition to stock after depreciation
    Answer: net addition to stock after depreciation
  • Q. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:
    A)Cordial Area Development
    B)Command Area Development (CAD)
    C)Copper Area Development
    D)Cop Authority Development
    Answer: Command Area Development (CAD)
  • Q. The national food for work programme was launched in:
    A)April 2003
    B)May 2002
    C)November 2004
    D)April 2000
    Answer: November 2004
  • Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
    A)Konkan Railway Corporation Limited
    B)Container Corporation of India Limited
    C)Indian Railways Construction Company Limited
    D)Diesel Locomotive Works, Varanasi
    Answer: Indian Railways Construction Company Limited
  • Q. Devaluation of currency will be more beneficial if
    A)prices of exports remain constant
    B)prices of imports remains constant
    C)prices of domestic goods remain constant
    D)prices of exports rise proportionately
    Answer: prices of exports remain constant
  • Q. Meera Seth committee was associated with:
    A)sex discrimination at work place
    B)female foeticide
    C)the development of handloom industry.
    D)banking sector
    Answer: the development of handloom industry.
  • Q. National expenditure includes
    A)investment expenditure
    B)government expenditure
    C)consumption expenditure
    D)All of the above
    Answer: All of the above
  • 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

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