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Indian Economy
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Question
ICICI is the name of a
Options
A. chemical industry
B. bureau
C. corporation
D. financial institution
Correct Answer
financial institution
Indian Economy problems
Search Results
1. The condition of indirect taxes in the country's revenue is approximately
Options
A. 70 percent
B. 75 percent
C. 80 percent
D. 86 percent
Show Answer
Scratch Pad
Discuss
Correct Answer: 86 percent
2. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
Options
A. Container Corporation of India Limited
B. Konkan Railway Corporation Limited
C. Indian Railways Construction Company Limited
D. Diesel Locomotive Works, Varanasi
Show Answer
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Discuss
Correct Answer: Indian Railways Construction Company Limited
3. Gross domestic capital formation is defined as
Options
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
Show Answer
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Discuss
Correct Answer: net addition to stock after depreciation
4. Devaluation of currency leads to
Options
A. fall in domestic prices
B. increase in domestic prices
C. no impact on domestic prices
D. erratic fluctuations in domestic prices
Show Answer
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Discuss
Correct Answer: increase in domestic prices
5. The co-operative credit societies have a
Options
A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure
Show Answer
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Discuss
Correct Answer: three-tier structure
6. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
Options
A. increase it
B. decrease it
C. no impact
D. None of the above
Show Answer
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Discuss
Correct Answer: increase it
7. Deficit financing leads to inflation in general, but it can be checked if
Options
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
Show Answer
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Correct Answer: All of the above
8. On July 12, 1982, the ARDC was merged into
Options
A. RBI
B. NABARD
C. EXIM Bank
D. None of the above
Show Answer
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Discuss
Correct Answer: NABARD
9. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
Options
A. 70 per cent
B. 75 percent
C. 65 percent
D. 60 percent
Show Answer
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Discuss
Correct Answer: 65 percent
10. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
Options
A. to govern entry of new private sector banks to make the banking sector more competitive
B. to reduce the freedom given to banks to rationalize their existing branch network
C. to setup more foreign exchange banks
D. to lend more easily for industrial development
Show Answer
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Discuss
Correct Answer: to govern entry of new private sector banks to make the banking sector more competitive
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