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MCQ on Indian Economy
Which of the following has the highest per capita income ?
- Delhi
- Sikkim
- Haryana
- Goa
Correct Option: D [ Goa ]
Explanation:
Explanation:
The equilibrium condition for money market is:
- demand for money should be equal to supply of money
- cash in hand should be equal to deposits in bank
- saving is equal to investment
- bank rate is equal to repo rate
Correct Option: A [ demand for money should be equal to supply
of money ]
Explanation:
Explanation:
Which activity is not included in service sector ?
- Trade, hotels and restaurants
- Real estate, finance and insurance
- Transport and communication
- Electricity, gas and water supply
Correct Option: D [ Electricity, gas and water supply ]
Explanation:
Explanation:
Where is the headquarter of Reserve Bank of India (RBI) situated ?
- Chennai
- New Delhi
- Kolkata
- Mumbai
Correct Option: D [ Mumbai ]
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?
- RBI
- SIDBI
- ICICI
- NABARD
Correct Option: B [ SIDBI ]
Explanation:
Explanation:
Where is the headquarter of State Bank of India (SBI) situated ?
- Delhi
- Mumbai
- Pune
- Srinagar
Correct Option: B [ Mumbai ]
Explanation:
Explanation:
In India the Repo rate is announced by:
- the Ministry of Finance, Government of India
- the Prime Minister of India
- the Reserve Bank of India
- the President of India
Correct Option: C [ the Reserve Bank of India ]
Explanation:
Explanation:
Fiscal Deficit is:
- Government expenditure minus borrowings
- Government expenditure minus revenue receipts
- Same as budget deficit
- Budget deficit minus borrowings and other liabilities
Correct Option: B [ Government expenditure minus revenue receipts
]
Explanation:
Explanation:
Whose signature is found on the 1000 rupee note of India?
- Finance Secretary of India
- Finance Minister Of India
- Governor, Reserve Bank of India
- President Of India
Correct Option: C [ Governor, Reserve Bank of India ]
Explanation:
Explanation:
In Income Tax, Assessee is :
- a person who pays income tax
- a person who deducts income tax from its employees
- a person who prepares income tax Return of tax payers
- None of these
Correct Option: A [ a person who pays income tax ]
Explanation:
Explanation: