Indian Economy problems
- 1. The central co-operative banks are in direct touch with
Options- A. farmers
- B. state co-operative banks
- C. land development banks
- D. central government Discuss
Correct Answer: state co-operative banks
- 2. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are
Options- A. tax sharing
- B. grant-in-aids
- C. loans
- D. All the above Discuss
Correct Answer: All the above
- 3. The first wholly Indian Bank was set up in
Options- A. 1794
- B. 1894
- C. 1896
- D. 1902 Discuss
Correct Answer: 1894
- 4. In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
Options- A. Rs 1000
- B. Rs 500
- C. Rs 400
- D. Rs 300 Discuss
Correct Answer: Rs 300
- 5. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
Options- A. 1997
- B. 1998
- C. 1999
- D. 2000 Discuss
Correct Answer: 1999
- 6. India changed over to the decimal system of coinage in
Options- A. April 1995
- B. April 1957
- C. April 1958
- D. April 1959 Discuss
Correct Answer: April 1957
- 7. Fiscal deficit in the Union Budget means
Options- A. the difference between current expenditure and current revenue
- B. net increase in Union Governments borrowings from the Reserve Bank of India
- C. the sum of budgetary deficit and net increase in internal and external borrowings
- D. the sum of monetized deficit and budgetary deficit Discuss
Correct Answer: the sum of budgetary deficit and net increase in internal and external borrowings
- 8. In the state of India, the State Financial Corporation have given assistance mainly to develop
Options- A. agricultural farms
- B. cottage industry
- C. large-scale industries
- D. medium and small-scale industries Discuss
Correct Answer: medium and small-scale industries
- 9. National expenditure includes
Options- A. consumption expenditure
- B. investment expenditure
- C. government expenditure
- D. All of the above Discuss
Correct Answer: All of the above
- 10. 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 Discuss
Correct Answer: Revenue from sales of the company's products
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