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General Knowledge :: Indian Economy

  1. Deficit financing leads to inflation in general, but it can be checked if

  2. A.

     government expenditure leads to increase in the aggregate supply in ratio of aggregate demand

    B.

     only aggregate demand is increased

    C.

     all the expenditure is denoted national debt payment only

    D.

     All of the above

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  3. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

  4. A.

     will decrease

    B.

     will increase

    C.

     will neither increase nor decrease

    D.

     None of the above

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  5. India changed over to the decimal system of coinage in

  6. A.

     April 1995

    B.

     April 1957

    C.

     April 1958

    D.

     April 1959

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  7. The association of the rupee with pound sterling as the intervention currency was broken in

  8. A.

     1990

    B.

     1991

    C.

     1992

    D.

     1993

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  9. On which one of the following is the benefits received principle of taxation to achieve optimality bases?

  10. A.

     Marginal benefit received

    B.

     Total benefit received

    C.

     Average benefit received

    D.

     Ability to pay for the benefit

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  11. One of the reasons for India's occupational structure remaining more or less the same over the years has been that

  12. A.

     investment pattern has been directed towards capital intensive industries

    B.

     productivity in agriculture has been high enough to induce people to stay with agriculture

    C.

     ceiling on land holdings have enabled more people to own land and hence their preference to stay wit

    D.

     people are largely unaware of the significance of transition from agriculture to industry for econom

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  13. Gross domestic capital formation is defined as

  14. A.

     flow of expenditure devoted to increased or maintaining of the capital stock

    B.

     expenditure incurred on physical assets only

    C.

     production exceeding demand

    D.

     net addition to stock after depreciation

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  15. On July 12, 1982, the ARDC was merged into

  16. A.

     RBI

    B.

     NABARD

    C.

     EXIM Bank

    D.

     None of the above

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  17. Which of the following is the most appropriate cause of export surplus?

  18. A.

     Country's exports promotion value

    B.

     Country's stringent import policy

    C.

     Developments in national and international markets

    D.

     None of the above

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  19. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

  20. A.

     increase it

    B.

     decrease it

    C.

     no impact

    D.

     None of the above

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