Knowldge Builder
This quiz is to understand and build the knowledge on Indian Economy
- 1.
The central banking functions in India are performed by the
- A.
RBI
- B.
Central Bank of India
- C.
SBI
- D.
Punjab National bank
Correct Answer
A. RBI -
- 2.
Development expenditure of the Central government does not include
- A.
Expenditure on economic services
- B.
Defense expenditure
- C.
Expenditure on social and community services
- D.
Grant to states
Correct Answer
B. Defense expenditure -
- 3.
ICICI is the name of a
- A.
Chemical industry
- B.
Bureau
- C.
Corporation
- D.
Financial institution
Correct Answer
D. Financial institution -
- 4.
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
- A.
Services sector
- B.
Telecommunication
- C.
Chemicals other than fertilizers
- D.
Food processing
Correct Answer
B. Telecommunication -
- 5.
Devaluation of a currency meansType question here
- A.
Reduction in the value of a currency vis-a-vis major internationally traded currencies
- B.
Permitting the currency to seek its worth in the international market
- C.
Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
- D.
Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Correct Answer
A. Reduction in the value of a currency vis-a-vis major internationally traded currencies -
- 6.
Which of the following is the most appropriate cause of exports surplus?
- A.
Country's exports promotion value
- B.
Country's stringent import policy
- C.
Developments in national and international markets
- D.
None of the above
Correct Answer
C. Developments in national and international markets -
- 7.
States earn maximum revenue throughere
- A.
Land revenue
- B.
Custom revenue
- C.
Commercial taxes
- D.
Excise duties on intoxicants
Correct Answer
C. Commercial taxes -
- 8.
Debenture holders of a company are its
- A.
Share holders
- B.
Creditors
- C.
Debtors
- D.
Directors
Correct Answer
B. Creditors -
- 9.
Which of the following is not viewed as a national debt?
- A.
Provident fund
- B.
Life Insurance Policies
- C.
National Saving Certificate
- D.
Long Term Government Bonds
Correct Answer
C. National Saving Certificate -
- 10.
Deficit financing means that the government borrows money from the
- A.
RBI
- B.
Local bodies
- C.
Big business men
- D.
IMF
Correct Answer
A. RBI -
- 11.
Devaluation of currency will be more beneficial if
- A.
Prices of domestic goods remain constant
- B.
Prices of exports remain constant
- C.
Prices of imports remains constant
- D.
Prices of exports rise proportionately
Correct Answer
B. Prices of exports remain constant -
- 12.
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
- A.
Statutory Bank Ratio (SBR)
- B.
Central Bank Reserve (CBR)
- C.
Statutory Liquid Ratio (SLR)
- D.
Central Liquid Reserve (CLR)
Correct Answer
C. Statutory Liquid Ratio (SLR) -
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-
Current Version
-
Aug 21, 2013Quiz Edited by
ProProfs Editorial Team -
Aug 21, 2013Quiz Created by
RBGC
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