76. In which date general budget presents in India?
(a) Last working day of February (b)
April 1
(c) March 31 (d) February 28
Answer: (a)
77. The back bone of Indian Economy:
(a) Industry (b)
Agriculture
(c) Transport
(d) Insurance
Answer: (b)
78. Monetary policy is regulated by:
(a)Government policy (b) Central bank
(c) Private entrepreneurs (d) Money
lenders
Answer: (a)
79. Deflation is:
(a) Deficit budget
(b) Reduction itaxation
(c) Increase in public expenditure (d) Reverse of inflation
Answer: (d)
80. Mixed economy approach was adopted through the Industrial
Policy statement of:
(a) 1948
(b) 1956
(c) 1977 (d)
1991
Answer: (a)
81. Deficit financing is spending:
(a) by borrowing from abroad (b) in excess of
revenue
(c) less than what is needed (d) by getting foreign aid
Answer: (b)
82. The official rate of interest charged by the Central bank of
a country:
(a) Bank rate
(b)
Debenture
(c) Equity shares (d)
Reverse repo
Answer: (a)
83. Estimates of National Income in India are prepared by:
(a) Planning Commission
(b) Reserve Bank of India
(c) Central Statistical Organisation
(d) Ministry of Finance
Answer: (c)
84. A Rolling Plan is a plan for:
(a) Five years (b)
Three years
(c) on year to year basis (d) None of these
Answer: (c)
85. What is Procurement Price for an agricultural commodity?
(a) Subsidy paid by the government over market price
(b) The floor price below which it cannot be sold
(c) Money paid to farmers during drought
(d) The minimum price at which Government is ready to buy
Answer: (d)
86. Mixed Economy is the co-existence of:
(a) Heavy Industry& Small Industry
(b) Private Sector & Public Sector
(c) Industry and Agriculture
(d) Domestic and Foreign Industries
Answer: (b)
87. When was the New Liberalized Industrial Policy was announced
in India?
(a) 1989 (b) 1990
(c) 1991
(d) 1992
Answer: (c)
88. Protectionism in the international trade stands for:
(a) Free trade policy (b)
Semi-restricted trade
(c) Restricted trade (d) All of
these
Answer: (c)
89. A multinational is:
(a) A company established with foreign help
(b) A company operating in many countries
(c) An international body
to help developing countries
(d) A person who has
different types of industries within the countries
Answer: (b)
90. Repo rate:
(a) The rate at which RBI sells securities
in Commercial Bank
(b) The rate at which RBI buying
securities from the Commercial Banks
(c) Sells securities by the RBI in the open market
(d) Sells securities by
the Commercial Banks in the open market
Answer: (a)
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