Indian Economics

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61 What is the main function of Central Statistical Organisation (CSO) ?

A
Determination of money supply
B
Collection of estimates of national income
C
Collection of detail data regarding employment
D
Price determination

62 Open market operation refers to :

A
borrowing by commercial banks from the R.B.I.
B
lending by scheduled banks to non-scheduled banks
C
purchase and sale of Government securities by the R.B.I.
D
purchase and sale of bonds and securities by the Central Govt.

63 Gross domestic product is a measure of :

A
A country’s international economic activities
B
A country’s domestic economic activities
C
A country’s financial position
D
A country’s industrial output

64 Which of the following taxes is not shared between the Union and the states ?

A
Income tax
B
Excise duty
C
Corporation tax
D
Sales tax

65 Under which Act/Policy was the BIFR established ?

A
Industrial Policy of 1980
B
Companies Act
C
Sick Industiral Companies Act
D
MRTP Act

66 Monetary policy in India is formulated by :

A
Finance Ministry
B
RBI
C
SEBI
D
CLB

67 The proceeds of income tax go to :

A
Central Government
B
State Government
C
Centre and States
D
Corporation authorities

68 Which State has the lowest per capita income in India ?

A
Bihar
B
Orissa
C
Rajasthan
D
Gujarat

69 The receipts of which of the following taxes/duties are not shared with the States ?

A
Tax on income except agriculture
B
Corporation tax
C
Surcharge on income tax
D
Capital gain tax

70 Which one of the following is not an industrial finance institution?

A
UTI
B
ICICI
C
NABARD
D
SFCs

71 The highest body which approves the Five Year Plan in India is the

A
Planning Commission
B
National Development Council
C
Finance Ministry
D
Union Cabinet

72 NABARD is the name of a

A
Commercial bank
B
Financial Institution
C
Specialised bank to help agriculture
D
Non-Banking Financial Institution

73 The largest share of India’s national income originates in the

A
Primary sector
B
Secondary sector
C
Tertiary sector
D
Any of the above

74 The present Indian monetary system is based on :

A
Gold Reserve System
B
Proportional Reserve System
C
Convertible Currency System
D
Minimum Reserve System

75 The Annapurna Scheme was implemented in the year

A
1998
B
1996
C
1999
D
2000