Indian Economy

1. Ten rupee notes contain the signature of: A. Finance Secretary, GOI B. Chairman, SBI C. Governor, RBI D. Finance Minister , GOI E. Prime Minister

Finance Secretary, GOI
Chairman, SBI
Governor, RBI
Finance Minister , GOI E. Prime Minister

Detailed SolutionTen rupee notes contain the signature of: A. Finance Secretary, GOI B. Chairman, SBI C. Governor, RBI D. Finance Minister , GOI E. Prime Minister

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

3. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to A. 80 percent B. 83 percent C. 90 percent D. 100 percent

80 percent
83 percent
90 percent
100 percent

Detailed SolutionForeign Direct Investment ceiling in the telecom sector have been raised from 74 percent to A. 80 percent B. 83 percent C. 90 percent D. 100 percent

4. Which of the following is not a part of machinery that settles industrial disputes? A. Wage Court B. Works Committee C. Conciliation officers D. Board of Conciliation

Wage Court
Works Committee
Conciliation officers
Board of Conciliation

Detailed SolutionWhich of the following is not a part of machinery that settles industrial disputes? A. Wage Court B. Works Committee C. Conciliation officers D. Board of Conciliation

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

6. Paper currency first started in India in A. 1861 B. 1542 C. 1601 D. 1880

1861
1542
1601
1880

Detailed SolutionPaper currency first started in India in A. 1861 B. 1542 C. 1601 D. 1880

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

10. Short-term finance is usually for a period ranging up to A. 5 months B. 10 months C. 12 months D. 15 months

5 months
10 months
12 months
15 months

Detailed SolutionShort-term finance is usually for a period ranging up to A. 5 months B. 10 months C. 12 months D. 15 months

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