Indian Economy problems
- 1. 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 Discuss
Correct Answer: increase in domestic prices
- 2. 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 Discuss
Correct Answer: net addition to stock after depreciation
- 3. 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 Discuss
Correct Answer: Indian Railways Construction Company Limited
- 4. 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 Discuss
Correct Answer: 86 percent
- 5. ICICI is the name of a
Options- A. chemical industry
- B. bureau
- C. corporation
- D. financial institution Discuss
Correct Answer: financial institution
- 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 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 Discuss
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 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 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 Discuss
Correct Answer: to govern entry of new private sector banks to make the banking sector more competitive
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