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Indian Economy MCQ Questions and answers for practice | GK

Learn and practice General Knowledge questions and answers on Indian Economy with very easy and understandable explanations. GK questions are very helpful different type of competitive exams. Page-6 section-2

Each section contains 100 MCQs on Indian Economy .
51
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
Discuss
Answer & Solution
Answer: Option C
Solution:
NABARD was established on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialised bank for Agriculture and Rural Development in India.
52
Deficit financing implies
Discuss
Answer & Solution
Answer: Option C
Solution:
Deficit financing means generating funds to finance the deficit which results from excess of expenditure over revenue. The gap being covered by borrowing from the public by the sale of bonds or by printing new money.
53
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
Discuss
Answer & Solution
Answer: Option D
Solution:
The sequence is Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level.
54
Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
Discuss
Answer & Solution
Answer: Option D
Solution:
Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to 100 percent.
55
Which of the following is not a part of machinery that settles industrial disputes?
Discuss
Answer & Solution
Answer: Option A
Solution:
Wage Court is not a part of machinery that settles industrial disputes.
56
One rupee currency note in India bears the signature of-
Discuss
Answer & Solution
Answer: Option D
Solution:
Also, all the paper currency of India except one rupee note bears the signature of RBI Governor as these are issued by RBI, but the one rupee note bears the signature of the Finance Secretary.
57
Ten rupee notes contain the signature of:
Discuss
Answer & Solution
Answer: Option C
Solution:
Ten rupee notes contain the signature of Governor, RBI.