Indian Economy

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

Correct Answer

I, II

More Questions on Indian Economy

  • Q. The Mid Day Meal scheme was launched on
    A)August 15, 1992
    B)August 15, 1995
    C)August 15, 2000
    D)August 15, 2001
    Answer: August 15, 1995
  • Q. In the state of India, the State Financial Corporation have given assistance mainly to develop
    A)cottage industry
    B)large-scale industries
    C)agricultural farms
    D)medium and small-scale industries
    Answer: medium and small-scale industries
  • Q. Development expenditure of the Central government does not include
    A)expenditure on economic services
    B)defence expenditure
    C)expenditure on social and community services
    D)grant to states
    Answer: defence expenditure
  • Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    A)20 to 25 percent
    B)15 to 20 percent
    C)25 to 30 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • Q. Revenue of the state governments are raised from the following sources, except
    A)expenditure tax
    B)entertainment tax
    C)agricultural income tax
    D)land revenue
    Answer: agricultural income tax
  • Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)South Korea
    C)Taiwan
    D)Japan
    Answer: Japan
  • Q. The current price index (base 1960) is nearly 330. This means that
    A)the prices of certain selected items have gone up to 3-3 times
    B)all items cost 3-3 times more than what they did in 1960
    C)weighted means of prices of certain item has increased 3-3 times
    D)gold price has gone up 3-3 times
    Answer: weighted means of prices of certain item has increased 3-3 times
  • Q. Whose name is associated with formulation of planning strategy in Second five Year plan?
    A)Jawahar Lal Nehru
    B)Prasanta Chandra Mahalanobis
    C)Mahatma Gandhi
    D)B.R. Shenoy
    Answer: Prasanta Chandra Mahalanobis
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)RBI
    C)big businessmen
    D)IMF
    Answer: RBI
  • Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
    A)Total benefit received
    B)Average benefit received
    C)Marginal benefit received
    D)Ability to pay for the benefit
    Answer: Ability to pay for the benefit
  • 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. Since the inception of the co-operative movement, rural credits has been
    A)rationalized
    B)institutionalized
    C)cheapened
    D)All of the above
    Answer: All of the above
  • Q. In Global Hunger Index (GHI) India has been ranked at:
    A)102nd place among 117 developing countries
    B)105th place among 117 developing countries
    C)96th place among 119 developing countries
    D)109th place among 117 developing countries
    Answer: 102nd place among 117 developing countries
  • Q. The ARDC is now a branch of the
    A)NABARD
    B)RBI
    C)IDBI
    D)SDBI
    Answer: NABARD
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)progressive tax policies
    C)rural development policies
    D)All the above
    Answer: All the above
  • 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. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
    A)75000 Megawatt
    B)50000 Megawatt
    C)100000 Megawatt.
    D)125000 Megawatt
    Answer: 100000 Megawatt.
  • Q. The ARDC is now a branch of the
    A)NABARD
    B)IDBI
    C)RBI
    D)SDBI
    Answer: NABARD
  • Q. Who is the author of the book Man and Economics?
    A)Robert Mundel
    B)Rudi Dornbusch
    C)Myron Scholes
    D)George Akerlof
    Answer: Robert Mundel
  • Q. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
    A)Regional Rural Banks
    B)State Trading Corporation
    C)National Bank for Agriculture and Rural Development (NABARD)
    D)Indian Council of Agricultural Research
    Answer: Indian Council of Agricultural Research

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