Indian Economics
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1 The symbol of Reserve Bank of India is :
A
Capitol of Asokan Pillar
B
Kuber with a purse of money
C
Tiger before a Palm tree
D
A dog sitting in a defensive
state
2 National income refers to :
A
money value of goods and
services produced in a country during a year.
B
money value of stocks and
shares of a country during a year.
C
money value of capital goods
produced by a country during a year.
D
money value of consumer
goods produced by a country during a year.
4 Which of the following sets belong to Central tax ?
A
Excise duty, Sales tax and
Customs duty
B
Excise duty, Customs duty
and Income tax
C
Income tax, Customs duty
and House tax
D
Customs duty, Entertainment tax and Income tax
5 What is NABARD’s primary role?
A
to provide term loans to
state co-operative banks
B
to assist state governments
for share capital contribution
C
to act as re-finance institution
D
All of the above
6 Inflation is caused by :
A
Increase in supply of goods
B
Increase in cash with the
government
C
Decrease in money supply
D
Increase in money supply
7 In estimating the budgetary deficit, the official approach in India is to exclude
A
long term borrowing from
the market
B
borrowings from the Reserve Bank of India
C
drawing down of the cash
balance
D
borrowing from Reserve
Bank in the form of ways
and means advance
8 Which authority decides about the States’ share in central taxes?
A
Finance Commission
B
Planning Commission
C
Election Commission
D
Finance Ministry
9 The system of issuing and monitoring of money in the market is known as:
A
Proportional reserve ratio
B
Fixed reserve ratio
C
Minimum reserve ratio
D
Floating reserve ratio
10 The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this?
A
Statutory Liquidity Ratio
B
Cash Reserve Ratio
C
Minimum Reserve Ratio
D
Floating Reserve Ratio
