Indian Economy problems
- 1. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Options- A. will decrease
- B. will increase
- C. will neither increase nor decrease
- D. None of the above Discuss
Correct Answer: will neither increase nor decrease
- 2. Deficit financing means that the government borrows money from the
Options- A. RBI
- B. local bodies
- C. big businessmen
- D. IMF Discuss
Correct Answer: RBI
- 3. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
Options- A. 1000 rupee
- B. 500 rupee
- C. 100 rupee
- D. All of the above Discuss
Correct Answer: All of the above
- 4. One of the reasons for India's occupational structure remaining more or less the same over the years has been that
Options- 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 with agriculture
- D. people are largely unaware of the significance of transition from agriculture to industry for economic development Discuss
Correct Answer: investment pattern has been directed towards capital intensive industries
- 5. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Options- A. Reliance Energy
- B. Essar Oil
- C. GAIL
- D. ONGC Discuss
Correct Answer: Essar Oil
- 6. The central banking functions in India are performed by the
- Central Bank of India
- Reserve Bank of India
- State Bank of India
- Punjab National Bank
Options- A. I, II
- B. II
- C. I
- D. II, III Discuss
Correct Answer: II
- 7. Redistribution polices geared to reduce economic inequalities include
Options- A. progressive tax policies
- B. land reforms
- C. rural development policies
- D. All the above Discuss
Correct Answer: All the above
- 8. Regional rural banks
- have limited area of operation
- have free access to liberal refinance facilities from NABARD
- are required to lend only to weaker sections
Options- A. I, III
- B. II, III
- C. I, II, III
- D. I, II Discuss
Correct Answer: I, II
- 9. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
Options- A. Marginal benefit received
- B. Total benefit received
- C. Average benefit received
- D. Ability to pay for the benefit Discuss
Correct Answer: Ability to pay for the benefit
- 10. The annual yield from which of the following Union Government taxes is the highest?
Options- A. Custom duties
- B. Corporation tax and income tax
- C. Inheritance tax, wealth tax, interest tax and gift tax
- D. Excise duties Discuss
Correct Answer: Excise duties
More in General Knowledge:
Programming
Copyright ©CuriousTab. All rights reserved.