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INDIAN ECONOMY MCQs

Total Questions : 817 | Page 76 of 82 pages
Question 751. . India changed over to the decimal system of coinage in
  1.    April 1995
  2.    April 1957
  3.    April 1958
  4.    April 1959
 Discuss Question
Answer: Option B. -> April 1957
Question 752. . The association of the rupee with pound sterling as the intervention currency was broken in
  1.    1990
  2.    1991
  3.    1992
  4.    1993
 Discuss Question
Answer: Option C. -> 1992
Question 753. . On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
  1.    Marginal benefit received
  2.    Total benefit received
  3.    Average benefit received
  4.    Ability to pay for the benefit
 Discuss Question
Answer: Option D. -> Ability to pay for the benefit
Question 754. . One of the reasons for India's occupational structure remaining more or less the same over the years has been that
  1.    investment pattern has been directed towards capital intensive industries
  2.    productivity in agriculture has been high enough to induce people to stay with agriculture
  3.    ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
  4.    people are largely unaware of the significance of transition from agriculture to industry for economic development
 Discuss Question
Answer: Option A. -> investment pattern has been directed towards capital intensive industries
Question 755. . The currency convertibility concept in its original form originated in
  1.    Wells Agreement
  2.    Bretton Woods Agreement
  3.    Taylors Agreement
  4.    None of the above
 Discuss Question
Answer: Option B. -> Bretton Woods Agreement
Question 756. . Gross domestic capital formation is defined as
  1.    flow of expenditure devoted to increased or maintaining of the capital stock
  2.    expenditure incurred on physical assets only
  3.    production exceeding demand
  4.    net addition to stock after depreciation
 Discuss Question
Answer: Option D. -> net addition to stock after depreciation
Question 757. . If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
  1.    increase it
  2.    decrease it
  3.    no impact
  4.    None of the above
 Discuss Question
Answer: Option A. -> increase it
Question 758. .  Which of the following is the most appropriate cause of exports surplus?
  1.    Country's exports promotion value
  2.    Country's stringent import policy
  3.    Developments in national and international markets
  4.    None of the above
 Discuss Question
Answer: Option C. -> Developments in national and international markets
Question 759. . On July 12, 1982, the ARDC was merged into
  1.    RBI
  2.    NABARD
  3.    EXIM Bank
  4.    None of the above
 Discuss Question
Answer: Option B. -> NABARD
Question 760. . Which of the following items would not appear in a company's balance sheet?
  1.    Value of stocks of raw materials held
  2.    Total issued capital
  3.    Revenue from sales of the company's products
  4.    Cash held at the bank
 Discuss Question
Answer: Option C. -> Revenue from sales of the company's products

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