Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
A. Rabi crop
B. Kharif crop
C. Both A and B
D. None of the above
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The central banking functions in India are performed by the
I=Central Bank of India
II=Reserve Bank of India
III=State Bank of India
IV=Punjab National Bank A. I, II
B. II
C. I
D. II, III
E. IV
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Development expenditure of the Central government does not include
A. defence expenditure
B. expenditure on economic services
C. expenditure on social and community services
D. grant to states
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ICICI is the name of a
A. chemical industry
B. bureau
C. corporation
D. financial institution
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Gilt-edged market means
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals
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In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication
Select an option to see the answer and solution.
Devaluation of a currency means
A. fall in exchange value of a country by market forces
B. reduction in external value/exchange value of currency by the government
C. reduction in currency value due to wear and tear
D. all of the above
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In the second nationalization of commercial banks, ___ banks were nationalized.
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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
I=interest payments
II=subsidies
III=defence
IV=irrigation A. I, II
B. I
C. I, II, III
D. II, III, IV
Select an option to see the answer and solution.
Depreciation means
A. closure of a plant due to lock out
B. closure of a plant due to labour trouble
C. loss of equipment over time due to wear and tear
D. destruction of a plant in a fire accident
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Deficit financing leads to inflation in general, but it can be checked if
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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If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A. will decrease
B. will increase
C. will neither increase nor decrease
D. None of the above
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India changed over to the decimal system of coinage in
A. April 1995
B. April 1957
C. April 1958
D. April 1959
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The association of the rupee with pound sterling as the intervention currency was broken in
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On which one of the following is the benefits received principle of taxation to achieve optimality bases?
A. Marginal benefit received
B. Total benefit received
C. Average benefit received
D. Ability to pay for the benefit
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One of the reasons for India's occupational structure remaining more or less the same over the years has been that
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
Select an option to see the answer and solution.
Gross domestic capital formation is defined as
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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On July 12, 1982, the ARDC was merged into
A. RBI
B. NABARD
C. EXIM Bank
D. None of the above
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Which of the following is the most appropriate cause of export surplus?
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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If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A. increase it
B. decrease it
C. no impact
D. None of the above
Select an option to see the answer and solution.