[amp_mcq option1=”Finance Secretary, GOI” option2=”Chairman, SBI” option3=”Governor, RBI” option4=”Finance Minister , GOI E. Prime Minister” correct=”option3″]
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
[amp_mcq option1=”The president of India” option2=”Finance minister of India” option3=”Governor (RBI)” option4=”Finance secretary of Government of India” correct=”option1″]
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
[amp_mcq option1=”80 percent” option2=”83 percent” option3=”90 percent” option4=”100 percent” correct=”option1″]
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
[amp_mcq option1=”Wage Court” option2=”Works Committee” option3=”Conciliation officers” option4=”Board of Conciliation” correct=”option1″]
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
[amp_mcq option1=”printing new currency notes” option2=”replacing new currency with worn out currency” option3=”public expenditure in excess of public revenue” option4=”public revenue in excess of public expenditure” correct=”option3″]
6. Paper currency first started in India in A. 1861 B. 1542 C. 1601 D. 1880
[amp_mcq option1=”1861″ option2=”1542″ option3=”1601″ option4=”1880″ correct=”option1″]
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
[amp_mcq option1=”fall in domestic prices” option2=”increase in domestic prices” option3=”no impact on domestic prices” option4=”erratic fluctuations in domestic prices” correct=”option2″]
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
[amp_mcq option1=”Rs 1000″ option2=”Rs 500″ option3=”Rs 400″ option4=”Rs 300″ correct=”option3″]
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
[amp_mcq option1=”the excess of total expenditure, including loans, net of lending over revenue receipts” option2=”difference between revenue receipts and revenue expenditure” option3=”difference between all receipts and all the expenditure” option4=”fiscal deficit less interest payments” correct=”option1″]
10. Short-term finance is usually for a period ranging up to A. 5 months B. 10 months C. 12 months D. 15 months
[amp_mcq option1=”5 months” option2=”10 months” option3=”12 months” option4=”15 months” correct=”option1″]