Indian Economy Quiz - 1, General Knowledge


25 Questions MCQ Test General Knowledge | Indian Economy Quiz - 1, General Knowledge


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Attempt Indian Economy Quiz - 1, General Knowledge | 25 questions in 50 minutes | Mock test for Current Affairs preparation | Free important questions MCQ to study General Knowledge for Current Affairs Exam | Download free PDF with solutions
QUESTION: 1

The central banking functions in India are performed by the

  1. Central Bank of India
  2. Reserve Bank of India
  3. State Bank of India
  4. Punjab National Bank

Solution:
QUESTION: 2

ICICI is the name of a

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QUESTION: 3

 

Development expenditure of the Central government does not include

 

Solution:

Development expenditure is the money spent by government on developmental and welfare programmes. Expenditure on economic service, expenditure on social and communist services, grant to states are examples of developmental expenditures. Among the given options, defense expenditure is not an example of developmental expenditure. 

QUESTION: 4

Gilt-edged market means

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QUESTION: 5

 

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

 

Solution:

In the last one decade, telecommunication has attracted the highest foreign direct investment inflows into India.

QUESTION: 6

Devaluation of a currency means

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QUESTION: 7

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

  1. interest payments
  2. subsidies
  3. defence
  4. irrigation
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QUESTION: 8

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

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QUESTION: 9

In the second nationalization of commercial banks, ___ banks were nationalized.

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QUESTION: 10

Depreciation means

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QUESTION: 11

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

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QUESTION: 12

India changed over to the decimal system of coinage in

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QUESTION: 13

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

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QUESTION: 14

On which one of the followings is the benefits received principle of taxation to achieve optimality bases?

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QUESTION: 15

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

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QUESTION: 16

Gross domestic capital formation is defined as

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QUESTION: 17

On July 12, 1982, the ARDC was merged into

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QUESTION: 18

Which of the following is the most appropriate cause of exports surplus?

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QUESTION: 19

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

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QUESTION: 20

Which of the following items would not appear in a company's balance sheet?

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QUESTION: 21

The currency convertibility concept in its original form originated in

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QUESTION: 22

In the state of India, the State Financial Corporation have given assistance mainly to develop

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QUESTION: 23

The central co-operative banks are in direct touch with

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QUESTION: 24

The first wholly Indian Bank was set up in

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QUESTION: 25

States earn maximum revenue through

Solution:
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