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General Knowledge :: Indian Economy

  1. Which of the following items would not appear in a company's balance sheet?

  2. 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


  3. The currency convertibility concept in its original form originated in

  4. A.

     Wells Agreement

    B.

     Bretton Woods Agreement

    C.

     Taylors Agreement

    D.

     None of the above


  5. In the state of India, the State Financial Corporation have given assistance mainly to develop

  6. A.

     agricultural farms

    B.

     cottage industry

    C.

     large-scale industries

    D.

     medium and small-scale industries


  7. The central co-operative banks are in direct touch with

  8. A.

     farmers

    B.

     state co-operative banks

    C.

     land development banks

    D.

     central government


  9. The first wholly Indian Bank was set up in

  10. A.

     1794

    B.

     1894

    C.

     1896

    D.

     1902


  11. States earn maximum revenue through

  12. A.

     land revenue

    B.

     custom revenue

    C.

     commercial taxes

    D.

     excise duties on intoxicants


  13. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are

  14. A.

     tax sharing

    B.

     grant-in-aids

    C.

     loans

    D.

     All the above


  15. Debenture holders of a company are its

  16. A.

     shareholders

    B.

     creditors

    C.

     debtors

    D.

     directors


  17. Excise duty is a tax levied on the

  18. A.

     import of goods

    B.

     export of goods

    C.

     production of goods

    D.

     sale of goods


  19. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

  20. 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