Ans: Kolkata
2. The return on debentures is called:
(a) Dividend (b) Interest (c) Profit
Ans: b
3. A speculator in stock markets who buys stocks anticipating that prices will go up is called:
(a) Bull (b) Bear (c)
Stag (d) Cow
Ans: a
4. Which of the following taxes is not levied by
Union Government?
(a) Excise duty
(b) Income tax
(c) Profession tax (d) Wealth Tax
Ans: c
5. Which is known as the 'controller of credit'?
(a) NABARD (b)
State Bank of India
(c) Reserve Bank of
India (d) Indian Bank
Ans: c
6. In which date general budget presents in
India?
(a) Last working day of
February (b) April 1
(c) March 31 (d) February
28
Ans: a
7. The back bone of Indian Economy:
Ans: Agriculture
8. Monetary policy is regulated by:
(a) Government policy (b) Central bank
(c) Private entrepreneurs (d) Money lenders
Ans: a
9. Deflation is:
(a) Deficit budget (b) Reduction in
taxation
(c) Increase in public
expenditure (d) Reverse of inflation
Ans: d
10. Mixed economy approach was adopted through
the Industrial Policy statement of:
Ans: 1948
11. Deficit financing is spending:
(a) by borrowing from
abroad (b) in excess of revenue
(c) less than what is
needed (d) by getting foreign
aid
Ans: b
12. The official rate of interest charged by the
Central bank of a country:
(a) Bank rate (b) Debenture
(c) Equity shares (d) Reverse repo
Ans: a
13. Estimates of National Income in India are
prepared by:
(a) Planning Commission (b) Reserve Bank of India
(c) Central Statistical
Organisation (d) Ministry of Finance
Ans: c
14. A Rolling Plan is a plan for:
(a) Five years (b) Three years (c) on year to year basis
Ans: c
15. What is Procurement Price for an
agricultural commodity?
(a) Subsidy paid by the
government over market price
(b) The floor price
below which it cannot be sold
(c) Money paid to
fanners during drought
(d) The minimum price at
which Government is ready to buy
Ans: d
16. Mixed Economy is the co-existence of:
(a) Heavy Industry&
Small Industry
(b) Private Sector &
Public Sector
(c) Industry and
Agriculture
(d) Domestic and Foreign
Industries
Ans: b
17. When was the New Liberalized Industrial
Policy was announced in India?
Ans: 1991
18. Protectionism in the international trade
stands for:
(a) Free trade policy (b) Semi-restricted trade (c) Restricted
trade
Ans: c
19. A multinational is:
(a) A company
established with foreign help
(b) A company operating
in many countries
(c) An international
body to help developing countries
(d) A
person who has different types of industries within the countries
Ans: b
20. Repo rate:
(a) The rate at which
1BI sells securities in Commercial Bank
(b) The rate at which
RBI buying securities from the
Commercial Banks
(c) Sells securities by
the RBI in the open market
(d) Sells securities by the
Commercial Banks in the open market
Ans: a
21. Economic growth is usually coupled with:
(a) Deflation (b) Inflation
(c) Stagflation (d) Hyperinflation
Ans: b
22. Which one of the following is an indirect
tax?
(a) Excise duty (b) Capital gains tax
(c) Wealth tax (d) Corporation tax
Ans: a
23. Annual growth rate of National Income was
recorded lowest during:
Ans: Fifth plan
24. Compensatory and Contingency Financing
Facility is a fund for helping member countries and is maintained by:
(a) ADB (b) World Bank (c) European Community
(d) IMF
Ans: d
25. NAFED is connected with:
(a) Animal husbandry (b) Conservation of fuels
(c) Agricultural
marketing (d) Agricultural implements
Ans: c
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