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General Knowledge :: Indian Economy

  1. Which of the following is not viewed as a national debt?

  2. A.
    Provident Fund
    B.
    Life Insurance Policies
    C.
    National Saving Certificate
    D.
    Long-term Government Bonds

  3. The condition of indirect taxes in the country's revenue is approximately

  4. A.
    70 percent
    B.
    75 percent
    C.
    80 percent
    D.
    86 percent

  5. Deficit financing means that the government borrows money from the

  6. A.
    RBI
    B.
    local bodies
    C.
    big businessmen
    D.
    IMF

  7. Revenue of the state governments are raised from the following sources, except

  8. A.
    entertainment tax
    B.
    expenditure tax
    C.
    agricultural income tax
    D.
    land revenue

  9. Since the inception of the co-operative movement, rural credits has been

  10. A.
    institutionalized
    B.
    rationalized
    C.
    cheapened
    D.
    All of the above

  11. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

  12. A.
    zero
    B.
    equal to government income
    C.
    larger than government income
    D.
    negative

  13. The co-operative credit societies have a

  14. A.
    two-tier structure
    B.
    three-tier structure
    C.
    four-tier structure
    D.
    five-tier structure

  15. Regional rural banks

    1. have limited area of operation
    2. have free access to liberal refinance facilities from NABARD
    3. are required to lend only to weaker sections

  16. A.
    I, III
    B.
    II, III
    C.
    I, II, III
    D.
    I, II

  17. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

  18. A.
    1984
    B.
    1986
    C.
    1987
    D.
    1989

  19. The current price index (base 1960) is nearly 330. This means that

  20. A.
    all items cost 3-3 times more than what they did in 1960
    B.
    the prices of certain selected items have gone up to 3-3 times
    C.
    weighted means of prices of certain item has increased 3-3 times
    D.
    gold price has gone up 3-3 times