General Knowledge :: Indian Economy
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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
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Development expenditure of the Central government does not include
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Gilt-edged market means
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In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
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Devaluation of a currency means
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Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
- interest payments
- subsidies
- defence
- irrigation
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Depreciation means
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Deficit financing leads to inflation in general, but it can be checked if
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A.
reduction in the value of a currency vis-a-vis major internationally traded currencies
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B.
permitting the currency to seek its worth in the international market
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C.
fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
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D.
fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
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