Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A. Container Corporation of India Limited
B. Konkan Railway Corporation Limited
C. Indian Railways Construction Company Limited
D. Diesel Locomotive Works, Varanasi
Select an option to see the answer and solution.
If the RBI adopted an expansionist open market operations policy, this means that it will
A. buy securities from non-government holders
B. sell securities in the open market
C. offer commercial banks more credit in the open market
D. openly announce to the market that it intends to expand credit
Select an option to see the answer and solution.
Redistribution polices geared to reduce economic inequalities include
A. progressive tax policies
B. land reforms
C. rural development policies
D. All the above
Select an option to see the answer and solution.
Short-term finance is usually for a period ranging up to
A. 5 months
B. 10 months
C. 12 months
D. 15 months
Select an option to see the answer and solution.
In India, which one among the following formulates the fiscal policy?
A. Planning Commission
B. Ministry of Finance
C. Finance Commission
D. The Reserve Bank of India
Select an option to see the answer and solution.
The budget deficit means
A. the excess of total expenditure, including loans, net of lending over revenue receipts
B. difference between revenue receipts and revenue expenditure
C. difference between all receipts and all the expenditure
D. fiscal deficit less interest payments
Select an option to see the answer and solution.
If 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?
A. Rs 1000
B. Rs 500
C. Rs 400
D. Rs 300
Select an option to see the answer and solution.
Paper currency first started in India in
Select an option to see the answer and solution.
The ARDC is now a branch of the
A. RBI
B. NABARD
C. IDBI
D. SDBI
Select an option to see the answer and solution.
Devaluation of currency leads to
A. fall in domestic prices
B. increase in domestic prices
C. no impact on domestic prices
D. erratic fluctuations in domestic prices
Select an option to see the answer and solution.
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
A. ARDC
B. SBI
C. NABARD
D. PACs
Select an option to see the answer and solution.
Deficit financing implies
A. printing new currency notes
B. replacing new currency with worn out currency
C. public expenditure in excess of public revenue
D. public revenue in excess of public expenditure
Select an option to see the answer and solution.
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A. Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
B. Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
C. Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
D. Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Select an option to see the answer and solution.
Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A. 80 percent
B. 83 percent
C. 90 percent
D. 100 percent
Select an option to see the answer and solution.
Which of the following is not a part of machinery that settles industrial disputes?
A. Wage Court
B. Works Committee
C. Conciliation officers
D. Board of Conciliation
Select an option to see the answer and solution.
One rupee currency note in India bears the signature of-
A. The president of India
B. Finance minister of India
C. Governor (RBI)
D. Finance secretary of Government of India
Select an option to see the answer and solution.
Ten rupee notes contain the signature of:
A. Finance Secretary, GOI
B. Chairman, SBI
C. Governor, RBI
D. Finance Minister , GOI
E. Prime Minister
Select an option to see the answer and solution.