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General Knowledge :: Indian Economy

  1. Redistribution polices geared to reduce economic inequalities include

  2. A.
    progressive tax policies
    B.
    land reforms
    C.
    rural development policies
    D.
    All the above

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  3. Short-term finance is usually for a period ranging up to

  4. A.
    5 months
    B.
    10 months
    C.
    12 months
    D.
    15 months

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  5. In India, which one among the following formulates the fiscal policy?

  6. A.
    Planning Commission
    B.
    Ministry of Finance
    C.
    Finance Commission
    D.
    The Reserve Bank of India

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  7. The budget deficit means

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

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  9. In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?

  10. A.
    Rs 1000
    B.
    Rs 500
    C.
    Rs 400
    D.
    Rs 300

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  11. Paper currency first started in India in

  12. A.
    1861
    B.
    1542
    C.
    1601
    D.
    1880

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  13. The ARDC is now a branch of the

  14. A.
    RBI
    B.
    NABARD
    C.
    IDBI
    D.
    SDBI

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  15. Devaluation of currency leads to

  16. A.
    fall in domestic prices
    B.
    increase in domestic prices
    C.
    no impact on domestic prices
    D.
    erratic fluctuations in domestic prices

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  17. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to

  18. A.
    ARDC
    B.
    SBI
    C.
    NABARD
    D.
    PACs

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  19. Deficit financing implies

  20. A.
    printing new currency notes
    B.
    replacing new currency with worn out currency
    C.
    public expenditure in excess of public revenue
    D.
    public revenue in excess of public expenditure

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