Indian Economy Archives

11. In India, which one among the following formulates the fiscal policy? A. Planning Commission B. Ministry of Finance C. Finance Commission D. The Reserve Bank of India

Planning Commission

Ministry of Finance

Finance Commission

The Reserve Bank of India

Detailed SolutionIn India, which one among the following formulates the fiscal policy? A. Planning Commission B. Ministry of Finance C. Finance Commission D. The Reserve Bank of India

12. Redistribution polices geared to reduce economic inequalities include A. progressive tax policies B. land reforms C. rural development policies D. All the above

progressive tax policies

land reforms

rural development policies

All the above

Detailed SolutionRedistribution polices geared to reduce economic inequalities include A. progressive tax policies B. land reforms C. rural development policies D. All the above

13. If the RBI adopted an expansionist open market operations policy, this means that it will A. buy securities from non-government holders B. sell securities in the open market C. offer commercial banks more credit in the open market D. openly announce to the market that it intends to expand credit

buy securities from non-government holders

sell securities in the open market

offer commercial banks more credit in the open market

openly announce to the market that it intends to expand credit

Detailed SolutionIf the RBI adopted an expansionist open market operations policy, this means that it will A. buy securities from non-government holders B. sell securities in the open market C. offer commercial banks more credit in the open market D. openly announce to the market that it intends to expand credit

14. The apex body for formulating plans and coordinating research work in agriculture and allied fields is A. State Trading Corporation B. Regional Rural Banks C. National Bank for Agriculture and Rural Development (NABARD) D. Indian Council of Agricultural Research

State Trading Corporation

Regional Rural Banks

National Bank for Agriculture and Rural Development (NABARD)

Indian Council of Agricultural Research

Detailed SolutionThe apex body for formulating plans and coordinating research work in agriculture and allied fields is A. State Trading Corporation B. Regional Rural Banks C. National Bank for Agriculture and Rural Development (NABARD) D. Indian Council of Agricultural Research

15. Which of the following is not an undertaking under the administrative control of Ministry of Railways? A. Container Corporation of India Limited B. Konkan Railway Corporation Limited C. Indian Railways Construction Company Limited D. Diesel Locomotive Works, Varanasi

Container Corporation of India Limited

Konkan Railway Corporation Limited

Indian Railways Construction Company Limited

Diesel Locomotive Works, Varanasi

Detailed SolutionWhich of the following is not an undertaking under the administrative control of Ministry of Railways? A. Container Corporation of India Limited B. Konkan Railway Corporation Limited C. Indian Railways Construction Company Limited D. Diesel Locomotive Works, Varanasi

16. Resurgent India bonds were issued in US dollar, Pound Sterling and A. Japanese Yen B. Deutsche Mark C. Euro D. French Franc

Japanese Yen

Deutsche Mark

Euro

French Franc

Detailed SolutionResurgent India bonds were issued in US dollar, Pound Sterling and A. Japanese Yen B. Deutsche Mark C. Euro D. French Franc

17. Subsidies mean A. payment by government for purchase of goods and services B. payment made by business enterprises to factors of production C. payment made by companies to shareholders D. payment made by the government to business enterprises, without buying any goods and services

payment by government for purchase of goods and services

payment made by business enterprises to factors of production

payment made by companies to shareholders

payment made by the government to business enterprises, without buying any goods and services

Detailed SolutionSubsidies mean A. payment by government for purchase of goods and services B. payment made by business enterprises to factors of production C. payment made by companies to shareholders D. payment made by the government to business enterprises, without buying any goods and services

18. National expenditure includes A. consumption expenditure B. investment expenditure C. government expenditure D. All of the above

consumption expenditure

investment expenditure

government expenditure

All of the above

Detailed SolutionNational expenditure includes A. consumption expenditure B. investment expenditure C. government expenditure D. All of the above

19. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of A. 15 to 20 percent B. 20 to 25 percent C. 25 to 30 percent D. 30 to 35 percent

15 to 20 percent

20 to 25 percent

25 to 30 percent

30 to 35 percent

Detailed SolutionThe average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of A. 15 to 20 percent B. 20 to 25 percent C. 25 to 30 percent D. 30 to 35 percent

20. The annual yield from which of the following Union Government taxes is the highest? A. Custom duties B. Corporation tax and income tax C. Inheritance tax, wealth tax, interest tax and gift tax D. Excise duties

Custom duties

Corporation tax and income tax

Inheritance tax, wealth tax, interest tax and gift tax

Excise duties

Detailed SolutionThe annual yield from which of the following Union Government taxes is the highest? A. Custom duties B. Corporation tax and income tax C. Inheritance tax, wealth tax, interest tax and gift tax D. Excise duties