Indian Economics

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31 The purchase and sale of securities by the Central Bank is known as

A
Variable reserve ratio
B
Bank rate
C
Open market operation
D
Net liquidity ratio

32 The type of note issue system followed in India is :

A
Maximum fiduciary system
B
Minimum reserve system
C
Proportional fiduciary system
D
Fixed fiduciary system

33 Which of the following does not form a part of the foreign exchange reserves of India ?

A
Gold
B
SDRs
C
Foreign currency assets
D
Foreign currency and securities held by the banks and corporate bodies

34 Which of the following functions as a controller of credit in India ?

A
The Central Government
B
The Reserve Bank of India
C
The State Bank of India
D
The Planning Commission

35 Which among the following policy of Life Insurance Company is related to regular old-age pension?

A
Jivan Kishore
B
Jivan Chhaya
C
Jivan Sanchay
D
None of these

36 The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP is :

A
Transfer payments
B
Net foreign income from abroad
C
Capital consumption allowance
D
Capital gains

37 Which of the following Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?

A
Rs. 500
B
Rs. 100
C
Rs. 50
D
Rs. 5

38 Which of the following has the sole right of issuing currency (except one rupee coins and notes) in India ?

A
The Government of India
B
The Planning Commi-ssion
C
The State Bank of India
D
The Reserve Bank of India

39 During which Five-Year Plan did India lay down the objective of the need to ensure environmental sustainability of the development strategy ?

A
6th Five Year Plan
B
7th Five Year Plan
C
8th Five Year Plan
D
9th Five Year Plan

40 India’s First Five Year Plan gave priority to :

A
Industry
B
Trade
C
Transportation
D
Agriculture

41 India’s biggest nationalised enterprise today

A
the Indian Railways
B
the Indian Commercial Banking System
C
the Indian Power Sector
D
the Indian Telecommu-nication System

42 Banks in India were nationalised for the first time in the year :

A
1950
B
1960
C
1969
D
1979

43 To achieve economic self-reliance was the main objective of which Five Year Plan?

A
First Five Year Plan
B
Second Five Year Plan
C
Third Five Year Plan
D
Fourth Five Year Plan

44 FERA in India has been replaced by which of the following:

A
FEPA
B
FEMA
C
FENA
D
FETA

45 Which of the following is not the source of the revenue of central Government?

A
Income Tax
B
Corporate Tax
C
Agricultural Income Tax
D
Excise Duty