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General Knowledge :: Indian Economy

  1. Which of the following is not an undertaking under the administrative control of Ministry of Railways?

  2. A.

     Container Corporation of India Limited

    B.

     Konkan Railway Corporation Limited

    C.

     Indian Railways Construction Company Limited

    D.

     Diesel Locomotive Works, Varanasi


  3. If the RBI adopted an expansionist open market operations policy, this means that it will

  4. A.

     buy securities from non-government holders

    B.

     sell securities in the open market

    C.

     offer commercial banks more credit in the open market

    D.

     openly announce to the market that it intends to expand credit


  5. Redistribution polices geared to reduce economic inequalities include

  6. A.

     progressive tax policies

    B.

     land reforms

    C.

     rural development policies

    D.

     All the above


  7. Short-term finance is usually for a period ranging up to

  8. A.

     5 months

    B.

     10 months

    C.

     12 months

    D.

     15 months


  9. In India, which one among the following formulates the fiscal policy?

  10. A.

     Planning Commission

    B.

     Ministry of Finance

    C.

     Finance Commission

    D.

     The Reserve Bank of India


  11. The budget deficit means

  12. A.

     the excess of total expenditure, including loans, net of lending over revenue receipts

    B.

     difference between revenue receipts and revenue expenditure

    C.

     difference between all receipts and all the expenditure

    D.

     fiscal deficit less interest payments


  13. If 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?

  14. A.

     Rs 1000

    B.

     Rs 500

    C.

     Rs 400

    D.

     Rs 300


  15. Paper currency first started in India in

  16. A.

     1861

    B.

     1542

    C.

     1601

    D.

     1880


  17. The ARDC is now a branch of the

  18. A.

     RBI

    B.

     NABARD

    C.

     IDBI

    D.

     SDBI


  19. Devaluation of currency leads to

  20. A.

     fall in domestic prices

    B.

     increase in domestic prices

    C.

     no impact on domestic prices

    D.

     erratic fluctuations in domestic prices