Practice MCQ Indian Economy

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2971 Development expenditure of the Central government does not include
Options:defence expenditure,    expenditure on economic services,    expenditure on social and community services,    grant to states

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2972 ICICI is the name of a
Options:chemical industry,    bureau,    corporation,    financial institution

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2973 Gilt-edged market means
Options:bullion market,    market of government securities,    market of guns,    market of pure metals

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2974 In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Options:Chemicals other than fertilizers,    Services sector,    Food processing,    Telecommunication

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2975 Devaluation of a currency means
Options:reduction in the value of a currency vis-a-vis major internationally traded currencies,    permitting the currency to seek its worth in the international market,    fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies,    fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

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2976 In the second nationalization of commercial banks, ___ banks were nationalized.
Options:4,    5,    6,    8

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2977 Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments subsidies defence irrigation
Options:I, II,    I,    I, II, III,    II, III, IV

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2978 Depreciation means
Options:closure of a plant due to lock out,    closure of a plant due to labour trouble,    loss of equipment over time due to wear and tear,    destruction of a plant in a fire accident

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2979 Deficit financing leads to inflation in general, but it can be checked if
Options:government expenditure leads to increase in the aggregate supply in ratio of aggregate demand,    only aggregate demand is increased,    all the expenditure is denoted national debt payment only,    All of the above

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2980 If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Options:will decrease,    will increase,    will neither increase nor decrease,    None of the above

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2981 India changed over to the decimal system of coinage in
Options:April 1995,    April 1957,    April 1958,    April 1959

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2982 The association of the rupee with pound sterling as the intervention currency was broken in
Options:1990,    1991,    1992,    1993

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2983 On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
Options:Marginal benefit received,    Total benefit received,    Average benefit received,    Ability to pay for the benefit

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2984 One of the reasons for India's occupational structure remaining more or less the same over the years has been that
Options:investment pattern has been directed towards capital intensive industries,    productivity in agriculture has been high enough to induce people to stay with agriculture,    ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture,    people are largely unaware of the significance of transition from agriculture to industry for economic development

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2985 Gross domestic capital formation is defined as
Options:flow of expenditure devoted to increased or maintaining of the capital stock,    expenditure incurred on physical assets only,    production exceeding demand,    net addition to stock after depreciation

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2986 On July 12, 1982, the ARDC was merged into
Options:RBI,    NABARD,    EXIM Bank,    None of the above

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2987 Which of the following is the most appropriate cause of exports surplus?
Options:Country's exports promotion value,    Country's stringent import policy,    Developments in national and international markets,    None of the above

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2988 If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
Options:increase it,    decrease it,    no impact,    None of the above

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2989 Which of the following items would not appear in a company's balance sheet?
Options:Value of stocks of raw materials held,    Total issued capital,    Revenue from sales of the company's products,    Cash held at the bank

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2990 The currency convertibility concept in its original form originated in
Options:Wells Agreement,    Bretton Woods Agreement,    Taylors Agreement,    None of the above

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2991 In the state of India, the State Financial Corporation have given assistance mainly to develop
Options:agricultural farms,    cottage industry,    large-scale industries,    medium and small-scale industries

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2992 The central co-operative banks are in direct touch with
Options:farmers,    state co-operative banks,    land development banks,    central government

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2993 The first wholly Indian Bank was set up in
Options:1794,    1894,    1896,    1902

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2994 States earn maximum revenue through
Options:land revenue,    custom revenue,    commercial taxes,    excise duties on intoxicants

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2995 Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are
Options:tax sharing,    grant-in-aids,    loans,    All the above

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2996 Debenture holders of a company are its
Options:shareholders,    creditors,    debtors,    directors

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2997 Excise duty is a tax levied on the
Options:import of goods,    export of goods,    production of goods,    sale of goods

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2998 In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
Options:to govern entry of new private sector banks to make the banking sector more competitive,    to reduce the freedom given to banks to rationalize their existing branch network,    to setup more foreign exchange banks,    to lend more easily for industrial development

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2999 Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Options:Reliance Energy,    Essar Oil,    GAIL,    ONGC

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3000 Non Tax revenues can be increased by improving the working of the
Options:State Road Transport Corporations,    electricity boards,    commercial irrigation projects,    All of the above

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3001 Which of the following is not viewed as a national debt?
Options:Provident Fund,    Life Insurance Policies,    National Saving Certificate,    Long-term Government Bonds

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3002 The condition of indirect taxes in the country's revenue is approximately
Options:70 percent,    75 percent,    80 percent,    86 percent

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3003 Deficit financing means that the government borrows money from the
Options:RBI,    local bodies,    big businessmen,    IMF

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3004 Revenue of the state governments are raised from the following sources, except
Options:entertainment tax,    expenditure tax,    agricultural income tax,    land revenue

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3005 Since the inception of the co-operative movement, rural credits has been
Options:institutionalized,    rationalized,    cheapened,    All of the above

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3006 If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
Options:zero,    equal to government income,    larger than government income,    negative

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3007 The co-operative credit societies have a
Options:two-tier structure,    three-tier structure,    four-tier structure,    five-tier structure

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3008 Regional rural banks have limited area of operation have free access to liberal refinance facilities from NABARD are required to lend only to weaker sections
Options:I, III,    II, III,    I, II, III,    I, II

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3009 The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
Options:1984,    1986,    1987,    1989

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3010 The current price index (base 1960) is nearly 330. This means that
Options:all items cost 3-3 times more than what they did in 1960,    the prices of certain selected items have gone up to 3-3 times,    weighted means of prices of certain item has increased 3-3 times,    gold price has gone up 3-3 times

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3011 Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
Options:1000 rupee,    500 rupee,    100 rupee,    All of the above

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3012 Devaluation of currency will be more beneficial if
Options:prices of domestic goods remain constant,    prices of exports remain constant,    prices of imports remains constant,    prices of exports rise proportionately

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3013 Of the gross tax revenue of the Union Government the indirect taxes account for nearly
Options:70 per cent,    75 percent,    65 percent,    60 percent

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3014 The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
Options:Statutory Bank Ratio (SBR),    Statutory Liquid Ratio (SLR),    Central Bank Reserve (CBR),    Central Liquid Reserve (CLR)

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3015 Reserve Bank of India was nationalized in the year
Options:1935,    1945,    1949,    1969

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3016 In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? A large number of farmers are illiterate and know little about scientific agriculture Prices of primary products are lower than those of manufactured products Investment in agriculture has been low when compared to investment in industry
Options:I, II, III,    I, II,    I, III,    II, III

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3017 National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
Options:1997,    1998,    1999,    2000

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3018 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?
Options:Rs. 50,000 crores,    Rs. 25,000 crores,    Rs. 1,00,000 crores,    Rs. 1,25,000 crores

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3019 Fiscal deficit in the Union Budget means
Options:the difference between current expenditure and current revenue,    net increase in Union Governments borrowings from the Reserve Bank of India,    the sum of budgetary deficit and net increase in internal and external borrowings,    the sum of monetized deficit and budgetary deficit

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3020 How many banks were nationalized in 1969?
Options:16,    14,    15,    20

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