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Indian Economy Quiz - 3, General Knowledge


20 Questions MCQ Test General Knowledge | Indian Economy Quiz - 3, General Knowledge


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This mock test of Indian Economy Quiz - 3, General Knowledge for Current Affairs helps you for every Current Affairs entrance exam. This contains 20 Multiple Choice Questions for Current Affairs Indian Economy Quiz - 3, General Knowledge (mcq) to study with solutions a complete question bank. The solved questions answers in this Indian Economy Quiz - 3, General Knowledge quiz give you a good mix of easy questions and tough questions. Current Affairs students definitely take this Indian Economy Quiz - 3, General Knowledge exercise for a better result in the exam. You can find other Indian Economy Quiz - 3, General Knowledge extra questions, long questions & short questions for Current Affairs on EduRev as well by searching above.
QUESTION: 1

How many banks were nationalized in 1969?

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QUESTION: 2

In India, the first bank of limited liability manages by Indians and founded in 1881 was

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QUESTION: 3

In India, inflation measured by the

Solution: Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India.
QUESTION: 4

The annual yield from which of the following Union Government taxes is the highest?
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QUESTION: 5

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
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QUESTION: 6

Subsidies mean
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QUESTION: 7

National expenditure includes
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QUESTION: 8

Resurgent India Bonds were issued in US dollar, Pound Sterling and
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QUESTION: 9

The apex body for formulating plans and coordinating research work in agriculture and allied fields is
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QUESTION: 10

Which of the following is not an undertaking under the administrative control of Ministry of Railways?
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QUESTION: 11

If the RBI adopts an expansionist open market operations policy, this means that it will
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QUESTION: 12

Redistribution polices geared to reduce economic inequalities include
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QUESTION: 13

Short-term finance is usually for a period ranging up to
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QUESTION: 14

In India, which one among the following formulates the fiscal policy?
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QUESTION: 15

The budget deficit means
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QUESTION: 16

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?
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QUESTION: 17

Paper currency first started in India in
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QUESTION: 18

The ARDC is now a branch of the
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QUESTION: 19

Devaluation of currency leads to
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QUESTION: 20

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