Indian Economy

2. One rupee currency note in India bears the signature of- A. The president of India B. Finance minister of India C. Governor (RBI) D. Finance secretary of Government of India

The president of India
Finance minister of India
Governor (RBI)
Finance secretary of Government of India

Detailed SolutionOne rupee currency note in India bears the signature of- A. The president of India B. Finance minister of India C. Governor (RBI) D. Finance secretary of Government of India

5. Deficit financing implies A. printing new currency notes B. replacing new currency with worn out currency C. public expenditure in excess of public revenue D. public revenue in excess of public expenditure

printing new currency notes
replacing new currency with worn out currency
public expenditure in excess of public revenue
public revenue in excess of public expenditure

Detailed SolutionDeficit financing implies A. printing new currency notes B. replacing new currency with worn out currency C. public expenditure in excess of public revenue D. public revenue in excess of public expenditure

7. Devaluation of currency leads to A. fall in domestic prices B. increase in domestic prices C. no impact on domestic prices D. erratic fluctuations in domestic prices

fall in domestic prices
increase in domestic prices
no impact on domestic prices
erratic fluctuations in domestic prices

Detailed SolutionDevaluation of currency leads to A. fall in domestic prices B. increase in domestic prices C. no impact on domestic prices D. erratic fluctuations in domestic prices

8. If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process? A. Rs 1000 B. Rs 500 C. Rs 400 D. Rs 300

Rs 1000
Rs 500
Rs 400
Rs 300

Detailed SolutionIf utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process? A. Rs 1000 B. Rs 500 C. Rs 400 D. Rs 300

9. The budget deficit means A. the excess of total expenditure, including loans, net of lending over revenue receipts B. difference between revenue receipts and revenue expenditure C. difference between all receipts and all the expenditure D. fiscal deficit less interest payments

the excess of total expenditure, including loans, net of lending over revenue receipts
difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure
fiscal deficit less interest payments

Detailed SolutionThe budget deficit means A. the excess of total expenditure, including loans, net of lending over revenue receipts B. difference between revenue receipts and revenue expenditure C. difference between all receipts and all the expenditure D. fiscal deficit less interest payments

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