Indian Economy

Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

A
to reduce the freedom given to banks to rationalize their existing branch network
B
to setup more foreign exchange banks
C
to govern entry of new private sector banks to make the banking sector more competitive
D
to lend more easily for industrial development

Correct Answer

to govern entry of new private sector banks to make the banking sector more competitive

More Questions on Indian Economy

  • Q. The annual yield from which of the following Union Government taxes is the highest?
    A)Corporation tax and income tax
    B)Inheritance tax, wealth tax, interest tax and gift tax
    C)Custom duties
    D)Excise duties
    Answer: Excise duties
  • Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
    A)Conservation of river water
    B)Conservation of Forests
    C)Protection of birds
    D)Protection of cheetals
    Answer: Conservation of Forests
  • Q. Earn While you Learn scheme has been launched by:
    A)Ministry of Youth
    B)Both A and B
    C)Ministry of Tourism
    D)None of these
    Answer: Ministry of Tourism
  • Q. How many banks were nationalized in 1969?
    A)14
    B)15
    C)16
    D)20
    Answer: 14
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)rural development policies
    C)progressive tax policies
    D)All the above
    Answer: All the above
  • Q. Government has merged Annapurna Scheme with:
    A)Ujjwala
    B)National Old Age Pension Scheme
    C)IRDP
    D)None of these
    Answer: National Old Age Pension Scheme
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)5 months
    C)12 months
    D)15 months
    Answer: 12 months
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)July 9, 1988
    C)April 12, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • 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
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • 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. 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. 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. Who is the author of the book Man and Economics?
    A)Robert Mundel
    B)Myron Scholes
    C)Rudi Dornbusch
    D)George Akerlof
    Answer: Robert Mundel
  • 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. 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 the World, in the production of cotton, India ranks:
    A)First
    B)Second
    C)Third
    D)Fourth
    Answer: Second
  • Q. Who gave the call for Evergreen Revolution?
    A)Verghese Kurien
    B)Tribhuvandas Patel
    C)M. S. Swaminathan
    D)H. M. Dalaya
    Answer: M. S. Swaminathan
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)big businessmen
    C)RBI
    D)IMF
    Answer: RBI
  • 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. 1,00,000 crores
    C)Rs. 50,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores
  • 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

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