Indian Economy

Q. The budget deficit means

A
difference between revenue receipts and revenue expenditure
B
the excess of total expenditure, including loans, net of lending over revenue receipts
C
difference between all receipts and all the expenditure
D
fiscal deficit less interest payments

Correct Answer

difference between all receipts and all the expenditure

More Questions on Indian Economy

  • Q. India’s share in textiles trade of the world is:
    A)6%
    B)8%
    C)4%
    D)10%
    Answer: 6%
  • Q. Which company has started a rural marketing network called e-Chaupals?
    A)Dabur
    B)ITC
    C)Procor and Gamble
    D)Hindustan liver
    Answer: ITC
  • 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. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To increase the welfare of the disabled
    C)To make Sangam region of Allahabad more attractive for tourists
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • Q. Meera Seth committee was associated with:
    A)sex discrimination at work place
    B)the development of handloom industry.
    C)female foeticide
    D)banking sector
    Answer: the development of handloom industry.
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)the excess of total expenditure, including loans, net of lending over revenue receipts
    C)difference between all receipts and all the expenditure
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • 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. 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. 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. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will decrease
    C)will neither increase nor decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • Q. National Rural Health mission was launched in:
    A)August 2005
    B)October 2005
    C)April 2005
    D)July 2005
    Answer: April 2005
  • 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 govern entry of new private sector banks to make the banking sector more competitive
    C)to setup more foreign exchange banks
    D)to lend more easily for industrial development
    Answer: to govern entry of new private sector banks to make the banking sector more competitive
  • Q. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
    A)75 percent
    B)70 per cent
    C)65 percent
    D)60 percent
    Answer: 65 percent
  • Q. Depreciation means
    A)closure of a plant due to labour trouble
    B)closure of a plant due to lock out
    C)loss of equipment over time due to wear and tear
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear
  • 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. Which company has started a rural marketing network called e-Chaupals?
    A)Dabur
    B)Procor and Gamble
    C)ITC
    D)Hindustan liver
    Answer: ITC
  • Q. Reserve Bank of India was nationalized in the year
    A)1945
    B)1949
    C)1935
    D)1969
    Answer: 1949
  • 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. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To make Sangam region of Allahabad more attractive for tourists
    C)To increase the welfare of the disabled
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
    A)Deutsche Mark
    B)Euro
    C)Japanese Yen
    D)French Franc
    Answer: Deutsche Mark

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