General Knowledge Quiz - Indian Economy 2

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General Knowledge Quiz on  Indian Economy 2

1. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

A. zero
B. equal to government income
C. larger than government income
D. negative

2. Regional rural banks

I.have limited area of operation
II.have free access to liberal refinance facilities from NABARD
III.are required to lend only to weaker sections

D. I, II

3. The co-operative credit societies have a

A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure

4. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A. 1984
B. 1986
C. 1987
D. 1989

5. The association of the rupee with pound sterling as the intervention currency was broken in

A. 1990
B. 1991
C. 1992
D. 1993

6. The central banking functions in India are performed by the

I.Central Bank of India
II.Reserve Bank of India
III.State Bank of India
IV.Punjab National Bank

A. I, II
C. I

7. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?

A. Marginal benefit received
B. Total benefit received
C. Average benefit received
D. Ability to pay for the benefit

8. Development expenditure of the Central government does not include

A. defence expenditure
B. expenditure on economic services
C. expenditure on social and community services
D. grant to states

9. Gilt-edged market means

A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals

10. ICICI is the name of a

A. chemical industry
B. bureau
C. corporation
D. financial institution

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