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Indian Economy Quiz - 1, General Knowledge - SSC CHSL MCQ


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

Indian Economy Quiz - 1, General Knowledge for SSC CHSL 2024 is part of General Knowledge preparation. The Indian Economy Quiz - 1, General Knowledge questions and answers have been prepared according to the SSC CHSL exam syllabus.The Indian Economy Quiz - 1, General Knowledge MCQs are made for SSC CHSL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Indian Economy Quiz - 1, General Knowledge below.
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Indian Economy Quiz - 1, General Knowledge - 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

Indian Economy Quiz - 1, General Knowledge - Question 2

 

Development expenditure of the Central government does not include

 

Detailed Solution for Indian Economy Quiz - 1, General Knowledge - Question 2

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. 

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Indian Economy Quiz - 1, General Knowledge - Question 3

ICICI is the name of a

Indian Economy Quiz - 1, General Knowledge - Question 4

Gilt-edged market means

Indian Economy Quiz - 1, General Knowledge - Question 5

 

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

 

Detailed Solution for Indian Economy Quiz - 1, General Knowledge - Question 5

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

Indian Economy Quiz - 1, General Knowledge - Question 6

Devaluation of a currency means

Indian Economy Quiz - 1, General Knowledge - Question 7

 

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

 

Detailed Solution for Indian Economy Quiz - 1, General Knowledge - Question 7

- The second nationalization of commercial banks in India took place in 1980.
- During this phase, 6 banks were nationalized.
- This move aimed to increase government control over credit delivery, ensure access to banking services, and align banking policies with national priorities.
- The banks selected had deposits of over Rs. 200 crores.
- The nationalization helped in expanding the banking network and improving financial inclusion across the country.

Indian Economy Quiz - 1, General Knowledge - Question 8

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
Indian Economy Quiz - 1, General Knowledge - Question 9

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

Indian Economy Quiz - 1, General Knowledge - Question 10

Depreciation means

Indian Economy Quiz - 1, General Knowledge - Question 11

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

Indian Economy Quiz - 1, General Knowledge - Question 12

India changed over to the decimal system of coinage in

Indian Economy Quiz - 1, General Knowledge - Question 13

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

Indian Economy Quiz - 1, General Knowledge - Question 14

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

Indian Economy Quiz - 1, General Knowledge - Question 15

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

Indian Economy Quiz - 1, General Knowledge - Question 16

Gross domestic capital formation is defined as

Indian Economy Quiz - 1, General Knowledge - Question 17

On July 12, 1982, the ARDC was merged into

Indian Economy Quiz - 1, General Knowledge - Question 18

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

Indian Economy Quiz - 1, General Knowledge - Question 19

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

Indian Economy Quiz - 1, General Knowledge - Question 20

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

Indian Economy Quiz - 1, General Knowledge - Question 21

The currency convertibility concept in its original form originated in

Indian Economy Quiz - 1, General Knowledge - Question 22

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

Indian Economy Quiz - 1, General Knowledge - Question 23

The central co-operative banks are in direct touch with

Indian Economy Quiz - 1, General Knowledge - Question 24

The first wholly Indian Bank was set up in

Indian Economy Quiz - 1, General Knowledge - Question 25

States earn maximum revenue through

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