Indian Economy - General Knowledge Questions and Answers

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Devaluation of currency leads to?

fall in domestic prices

increase in domestic prices

cant be predicted

None of above

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India earns maximum foreign exchange by the export of ?

Iron

Handloom

Textiles

Tea

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Indian Economy is:

Socialistic Economy

Gandhian Economy

Mixed Economy

Free Economy

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Who issues one rupee coins in India?

RBI

Nationalised banks

Ministry of Finance, Government of India

None of the above

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RBI is entrusted with the responsibility of making and receiving all payments in behalf of Govt. of India. AT places where RBI doesn't have a branch, which bank works as its agent for these functions?

State bank of India

Bank of India

Punjab National Bank

None

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Deficit financing implies

printing new currency notes

replacing new currency with worn out currency

public expenditure in excess of public revenue

public revenue in excess of public expenditure

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Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

80 percent

83 percent

90 percent

100 percent