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General Knowledge

INDIAN ECONOMY MCQs

Total Questions : 817 | Page 80 of 82 pages
Question 791. . Fiscal deficit in the Union Budget means
  1.    the difference between current expenditure and current revenue
  2.    net increase in Union Governments borrowings from the Reserve Bank of India
  3.    the sum of budgetary deficit and net increase in internal and external borrowings
  4.    the sum of monetized deficit and budgetary deficit
 Discuss Question
Answer: Option C. -> the sum of budgetary deficit and net increase in internal and external borrowings
Question 792. . The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
  1.    15 to 20 percent
  2.    20 to 25 percent
  3.    25 to 30 percent
  4.    30 to 35 percent
 Discuss Question
Answer: Option B. -> 20 to 25 percent
Question 793. . The annual yield from which of the following Union Government taxes is the highest?
  1.    Custom duties
  2.    Corporation tax and income ta
  3.    Inheritance tax, wealth tax, interest tax and gift tax
  4.    Excise duties
 Discuss Question
Answer: Option D. -> Excise duties
Question 794. . Subsidies mean
  1.    payment by government for purchase of goods and services
  2.    payment made by business enterprises to factors of production
  3.    payment made by companies to shareholders
  4.    payment made by the government to business enterprises, without buying any goods and services
 Discuss Question
Answer: Option D. -> payment made by the government to business enterprises, without buying any goods and services
Question 795. .  In India, inflation measured by the
  1.    Wholesale Price Index number
  2.    Consumers Price Index for urban non-manual workers
  3.    Consumers Price Index for agricultural workers
  4.    National Income Deflation
 Discuss Question
Answer: Option A. -> Wholesale Price Index number
Question 796. . National expenditure includes
  1.    consumption expenditure
  2.    investment expenditure
  3.    government expenditure
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 797. . Redistribution polices geared to reduce economic inequalities include
  1.    progressive tax policies
  2.    land reforms
  3.    rural development policies
  4.    All the above
 Discuss Question
Answer: Option D. -> All the above
Question 798. . The apex body for formulating plans and coordinating research work in agriculture and allied fields is
  1.    State Trading Corporation
  2.    Regional Rural Banks
  3.    National Bank for Agriculture and Rural Development (NABARD)
  4.    Indian Council of Agricultural Research
 Discuss Question
Answer: Option D. -> Indian Council of Agricultural Research
Question 799. . If the RBI adopts an expansionist open market operations policy, this means that it will
  1.    buy securities from non-government holders
  2.    sell securities in the open market
  3.    offer commercial banks more credit in the open market
  4.    openly announce to the market that it intends to expand credit
 Discuss Question
Answer: Option C. -> offer commercial banks more credit in the open market
Question 800. . Which of the following is not an undertaking under the administrative control of Ministry of Railways?
  1.    Container Corporation of India Limited
  2.    Konkan Railway Corporation Limited
  3.    Indian Railways Construction Company Limited
  4.    Diesel Locomotive Works, Varanasi
 Discuss Question
Answer: Option C. -> Indian Railways Construction Company Limited

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