Indian Economy MCQ-218

Economy objective Quiz for TET,CDS,UPSC,CivilsPrelims,WBPSC,RRB,UKPSC,NDA Exams

Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to


Since independence, both development j and non-development expenditures have ; increased, the increase in the former being a little more than in the other. Non- development expenditure involves

I. interest payments

II. subsidies

III. defence

IV. irrigation


Since the inception of the cooperative movement, rural credit has been


States earn maximum revenue through


Subsidies mean


Which of the following items would not appear in a company’s balance sheet?


The accounting year of the Reserve Bank of India is


The annual yield from which of the following Union Government taxes is the highest?


The apex body for formulating plans and -coordinating research work in agriculture and allied fields is


The ARDC is now a branch of the


The association of the rupee with pound sterling as the intervention currency was broken in


The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of


The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called


The Board for Industrial and Financial Reconstruction (BIFR) came into existence in


The budget deficit means


The central banking functions in India are performed by the

I. Central Bank of India

II. Reserve Bank of India

III. State Bank of India

IV. Punjab National Bank

Choose the correct answer from the codes below:


As per the reports published in various newspapers/journals etc., the economic map of the world is being redesigned. What is/ are the new emerging trends of this new economic map of the world?

(A) With India and Asia at the forefront the centre of economic gravity has shifted to East.

(B) Emerging markets, with India among the leaders, are growing faster than old established markets.

(C) Central banks of the countries have recognized that case-by-case liquidity solutions are not the answers and a market wide and globally synchronized approach is needed to solve the present crisis.


The central co-operative banks are in direct touch with


The contribution of indirect taxes in the country’s revenue is approximately


The co-operative credit societies have a


The currency convertibility concept in its original form originated in


The current price index (base 1960) is nearly 330 This means that


The difference between a bank and a non-banking financial institution (NBFI) is that


The domestic budgetary resources are the funds raised by the government within the country and they consist of

I. surplus from current reforms

II. contribution of public enterprises

III. mobilization of internal private savings

IV. additional resource mobilization in form of additional taxes Choose your answers from the following codes:


The exchange value of rupee is at present linked to