Indian Economics

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76 In the production of cotton textiles India ranks

A
fourth in the world
B
third in the world
C
second in the world
D
first in the world

77 Currency notes of Rs. 2 denomination and above are liabilities of :

A
Government of India
B
Reserve Bank of India
C
State Bank of India
D
All of the above

78 Who had estimated National Income in India first ?

A
V.K. R. V. Rao
B
Dadabhai Naoroji
C
R.C. Dutt
D
D.R. Gadgil

79 Planning and control are so related that

A
Planning initiates control
B
Control initiates planning
C
Both are equivalent
D
Both go on simulta-neously in cycle

80 Antyodaya Programme is associated with :

A
liberation of bonded labour
B
bringing up cultural revolution in India
C
demands of textile labourers
D
upliftment of the poorest of the poor

81 What does National Income mean?

A
The total value of all goods and services produced in the country during a period of one year
B
The total value of all stocks and shares in the country during a period of one year
C
The total value of all capital goods produced in the country during a period of one year
D
The total value of all consumer goods produced in the country during a period of one year

82 The main source of revenue for a State Government in India is :

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

83 In the budget figures of the Government of India, fiscal deficit is :

A
total expenditure – total receipts
B
revenue expenditure – revenue receipts
C
capital expenditure – capital receipts + market borrowings
D
sum of budget deficit and Government’s market borrowings and liabilities

84 The best way, a bank can avoid loss is to :

A
lend only to individuals known to the bank
B
accept sound collateral
C
give only short-term loans
D
lend only to bank’s old customers

85 The largest source of revenue to the Union Government is :

A
Income Tax
B
Central Excise Duty
C
Customs Duty
D
Wealth Tax

86 The Report of Vijay Kelkar Committee relates to :

A
Trade Reforms
B
Centre-State Financial Relations
C
Disinvestment in Public Sector Enterprises
D
Tax Reforms

87 The preparation of National Income Estimates is the responsibility of the

A
Planning Commission
B
National Development Council
C
National Sample Survey Organisation
D
Central Statistical Organisation

88 Which of the following sectors contributed more to the savings in India?

A
Public sector
B
Household sector
C
Corporate sector
D
Private sector

89 Per capita income is obtained by dividing National Income by which of the following:

A
Total population of the country
B
Total working population
C
Area of the country
D
Volume of capital used

90 Mahalanobis Model has been associated with which Five- Year Plan ?

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