Indian Economy problems
- 1. 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 Discuss
Correct Answer: loss of equipment over time due to wear and tear
- 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 Discuss
Correct Answer: defence expenditure
- 3. 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 Discuss
Correct Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- 4. 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 Discuss
Correct Answer: Oudh Commercial Bank
- 5. The association of the rupee with pound sterling as the intervention currency was broken in
Options- A. 1990
- B. 1991
- C. 1992
- D. 1993 Discuss
Correct Answer: 1992
- 6. 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 Discuss
Correct Answer: difference between all receipts and all the expenditure
- 7. Gilt-edged market means
Options- A. bullion market
- B. market of government securities
- C. market of guns
- D. market of pure metals Discuss
Correct Answer: market of government securities
- 8. 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 Discuss
Correct Answer: Bretton Woods Agreement
- 9. 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 Discuss
Correct Answer: commercial irrigation projects
- 10. The ARDC is now a branch of the
Options- A. RBI
- B. NABARD
- C. IDBI
- D. SDBI Discuss
Correct Answer: NABARD
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