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Indian Economy
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Question
In India, the first bank of limited liability manages by Indians and founded in 1881 was
Options
A. Hindustan Commercial Bank
B. Oudh Commercial Bank
C. Punjab National Bank
D. Punjab and Sind Bank
Correct Answer
Oudh Commercial Bank
Indian Economy problems
Search Results
1. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
Options
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
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Correct Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
2. Development expenditure of the Central government does not include
Options
A. defence expenditure
B. expenditure on economic services
C. expenditure on social and community services
D. grant to states
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Correct Answer: defence expenditure
3. Depreciation means
Options
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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Correct Answer: loss of equipment over time due to wear and tear
4. Which of the following items would not appear in a company's balance sheet?
Options
A. Value of stocks of raw materials held
B. Total issued capital
C. Revenue from sales of the company's products
D. Cash held at the bank
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Correct Answer: Revenue from sales of the company's products
5. National expenditure includes
Options
A. consumption expenditure
B. investment expenditure
C. government expenditure
D. All of the above
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Correct Answer: All of the above
6. The association of the rupee with pound sterling as the intervention currency was broken in
Options
A. 1990
B. 1991
C. 1992
D. 1993
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Correct Answer: 1992
7. The budget deficit means
Options
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
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Correct Answer: difference between all receipts and all the expenditure
8. Gilt-edged market means
Options
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals
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Correct Answer: market of government securities
9. The currency convertibility concept in its original form originated in
Options
A. Wells Agreement
B. Bretton Woods Agreement
C. Taylors Agreement
D. None of the above
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Correct Answer: Bretton Woods Agreement
10. Non Tax revenues can be increased by improving the working of the
Options
A. State Road Transport Corporations
B. electricity boards
C. commercial irrigation projects
D. All of the above
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Correct Answer: commercial irrigation projects
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