More Questions on Indian Economy
- Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
C)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
C)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- 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. 50,000 crores
C)Rs. 1,00,000 crores
D)Rs. 1,25,000 crores
Answer: Rs. 50,000 crores
- Q. Subsidies mean
A)payment made by business enterprises to factors of production
B)payment by government for purchase of goods and services
C)payment made by companies to shareholders
D)payment made by the government to business enterprises, without buying any goods and services
Answer: payment made by the government to business enterprises, without buying any goods and services
- Q. National Income estimates in India is prepared by:
A)Reserve Bank Of India
B)Planning Commission
C)Central Statistical Organisation (CSO)
D)Indian Statistical Institute
Answer: Central Statistical Organisation (CSO)
- 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. The total number of national highways in the country is:
A)528
B)328
C)228
D)499
Answer: E
- 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)zero
C)larger than government income
D)negative
Answer: equal to government income
- 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. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A)83 percent
B)90 percent
C)80 percent
D)100 percent
Answer: 100 percent
- Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
A)January 15, 1998
B)October 15, 1999
C)September 15, 1999
D)June 15, 1999
Answer: October 15, 1999
- Q. The chairman of 13th finance Commission was:
A)K C Neogy
B)Nand Kishore Singh
C)Vijay L. Kelkar.
D)Y V Reddy
Answer: Vijay L. Kelkar.
- Q. The budget deficit means
A)difference between revenue receipts and revenue expenditure
B)difference between all receipts and all the expenditure
C)the excess of total expenditure, including loans, net of lending over revenue receipts
D)fiscal deficit less interest payments
Answer: difference between all receipts and all the expenditure
- Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
A)1986
B)1982
C)2006
D)1975
Answer: 1975
- 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. If the RBI adopted an expansionist open market operations policy, this means that it will
A)sell securities in the open market
B)offer commercial banks more credit in the open market
C)buy securities from non-government holders
D)openly announce to the market that it intends to expand credit
Answer: offer commercial banks more credit in the open market
- Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
A)II, III
B)I, III
C)I, II, III
D)I, II
Answer: I, II
- Q. The condition of indirect taxes in the country’s revenue is approximately
A)75 percent
B)70 percent
C)80 percent
D)86 percent
Answer: 86 percent
- Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
A)1986
B)1987
C)1984
D)1989
Answer: 1987
- 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
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