Debenture holders of a company are its
Shareholders
Creditors
Debtors
Directors
Development expenditure of the Central government does not include
Defense expenditure
Expenditure on economic services
Expenditure on social and community services
Grants to states
Excise duty is a tax levied on the
Import of goods
Export of goods
Production of goods
Sale of goods
Fiscal deficit in the Union Budget means
The sum of budgetary deficit and net increase in internal and external borrowings
The difference between current expenditure and current revenue
The sum of monetized deficit and budgetary deficit
Net increase in Union Government’s borrowings from the Reserve Bank of India
Fiscal deficit in the union Budget means
The difference between current expenditure and current revenue
Net increase in Union Governments borrowings from the Reserve bank of India
The Sum of budgetary deficit and net increase in internal and external borrowings
The sum of monetized deficit and budgetary deficit
Foreign Direct Investment ceilings in the telecom sector have been raised from 49 per cent to
74 per cent
51 per cent
90 per cent
100 per cent
Gilt-edged market means
Bullion market
Market of government securities
Market of gun
Market of pure metals
Gross domestic capital formation is defined as
Flow of expenditure devoted to increasing or maintaining of the capital stock
Expenditure incurred on physical assets only
Production exceeding demand
Net addition to stock after depreciation
How many banks were nationalized in 1969?
16
14
15
20
Which of the following is not an undertaking under the administrative control of the Ministry of Railways?
Container Corporation of India Limited
Konkan Railway Corporation Limited
Indian Railways Construction Company Limited
Diesel locomotive Works Varanasi
How many times has the Indian currency been demonetized so far?
Once
Twice
Thrice
never
Deficit financing implies
Printing new currency notes
Replacing new currency with worm out currency
Public expenditure in excess of public revenue
Public revenue in excess of public expenditure
How many times has the Indian currency been devalued so far?
Once
Four times
Twice
Never
Which of the following is not a part of the machinery that settles industrial disputes?
Wage Court
Works Committee
Conciliation officer
Board of Conciliation
Deficit financing leads to inflation in general, but it can be checked if
Government expenditure leads to increase in the aggregate supply in ration of aggregate demand
Only aggregate demand is increased
All the expenditure is denoted national debt payment only
All of the above
Deficit financing means that the Government borrows money from the
RBI
Local bodies
Big businessmen
IMF
Depreciation means
Closure of a plant due to lockout
Closure of a plant due to labor trouble
Loss of equipment overtime due to wear and tear
Destruction of plant in a fire accident
Devaluation of a currency means
Reduction in the value of a currency vis-à-vis major internationally traded currencies
Permitting the currency to seek its worth in the international market
Fixing the value of the currency in conjunction with the movement in the value of a basket of predetermined currencies
Fixing the value of a currency in multilateral consultation with the IMF, the World Bank and Major trading partners
Devaluation of currency leads to
Fall in domestic prices
Increase in domestic prices
No impact on domestic prices
Erratic fluctuations in domestic prices
Devaluation of currency will be more beneficial if
Prices of domestic goods remain constant
Prices of exports remain constant
Prices of imports remain constant
Prices of exports rise proportionately
ICICI is the name of a
Chemical industry
Bureau
Corporate
Financial institution
If all the banks in an economy are nationalized and convert into a monopoly bank, the total deposits
Will decrease
Will increase
Will neither decrease nor increase
None of the above
If an economy is in equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
Zero
Equal to government income
Larger than government income
Negative
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
Increase it
Decrease it
No impact
None of the above
Which of the following is not viewed as a national debt?
Provident Fund
Life insurance Policies
National Saving Certificates
Long Term Government Bonds
If the fiscal deficit of the Union Government is Rs 72,000 crores relending to State is Rs 25,000 crores, what is the amount of the primary deficit?
Rs 50,000 crores
Rs 25,000 crores
Rs 1,00,000 crores
Rs 1,25,000 crores
If the RBI adopts an expansionist open market operations policy, this means that it will
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 tends to expand credit
IFCI is the name of a
Foreign bank
Finance institution
Fertilizer company
Federation of industries
Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Reliance Energy
Essar Oil
GAIL
ONGC
In India, inflation is measured by the
Wholesale Price Index number
Consumers Price index for urban non-manual workers
Consumers Price Index for agricultural workers
National Income Deflation
/
I, II, III
I, II
I, III
II, III
In India, first bank of limited liability managed by Indians and founded in 1881 was
Hindustan Commercial Bank
Oudh Commercial Bank
Punjab National Bank
Punjab and Sind Bank
In India, which one among the following formulates the fiscal policy?
Planning Commission
Ministry of Finance
Finance Commission
The Reserve Bank of India
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
To govern entry of new private sector banks to make the banking sector more competitive
To reduce the freedom given to banks to rationalize their existing branch network
To set up more foreign exchange banks
To lend easily for industrial development
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows in India?
Chemical other than fertilizers
Services sector
Food processing
Telecommunication
In the second nationalization of the commercial banks, ……. Banks were nationalized.
4
5
6
8
In the state of India, the State Financial Corporation have given assistance mainly to develop
Agricultural farms
Cottage industry
Large-scale industry
Medium and small-scale industries
In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in the process?
Rs 1000
Rs 500
Rs 400
Rs 300
In which one of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
Change in quantity of money - change in investment – change in employment and output - change in rate of interest – change in price level
Change in quantity of money - change in employment and output - change in investment – change in rate of interest - change in price level
Change in quantity of money - change in investment – change in rate of interest - change in employment and output - change in price level
Change in quantity of money - change in rate of interest - change in investment –change in employment and output - change in price level
India changed over to the decimal system of coinage in
April 1995
April 1957
April 1958
April 1959
India spends maximum foreign exchange on
Import of food-grains
Import of iron and steel
Import of petroleum products
Import of technical know-how
Indian currency was last demonetized in
1951
1955
1960
1978
Indian currency was last devalued in
1955
1956
1991
1967
Investment in public works is known as
Revenue expenditure
Capital expenditure
Current expenditure
Either (1) or (2)
Legal tender in India includes
Notes issued by RBI only
Coins and banks rates
Notes issued by the Finance Ministry
Gold and notes
Medium term financing is usually for a period ranging up to
One year
Five years
Three years
Ten years
MOD VAT is related to
Sales tax
Wealth tax
Income tax
Excise duty
MOD VAT scheme is aimed at
Raising the prices of luxury goods
Lowering the prices of essential goods
Raising the prices of capital goods
Avoiding repeated payment of duty from the raw material stage to the final product stage
Moral persuasion and statutory liquidity ratio (SLR) are instruments of the
Trade policy
Budget
Fiscal policy
Monetary policy
NABARD is a
Bank
Bureau
Board
Department