1000 Best Indian Economy MCQs
Q73). The condition of indirect taxes in the country’s revenue is approximately
a).70 percent
b).75 percent
c).80 percent
d).86 percent
Correct Answer:
86 percent
Explanation:
Q74). Deficit financing means that the government borrows money from the
a).RBI
b).local bodies
c).big businessmen
d).IMF
Correct Answer:
RBI
Explanation:
Q75). Revenue of the state governments are raised from the following sources, except
a).entertainment tax
b).expenditure tax
c).agricultural income tax
d).land revenue
Correct Answer:
agricultural income tax
Explanation:
Q76). Since the inception of the co-operative movement, rural credits has been
a).institutionalized
b).rationalized
c).cheapened
d).All of the above
Correct Answer:
All of the above
Explanation:
Q77). 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
Correct Answer:
equal to government income
Explanation:
Q78). The co-operative credit societies have a
a).two-tier structure
b).three-tier structure
c).four-tier structure
d).five-tier structure
Correct Answer:
three-tier structure
Explanation:
Q79). 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
a).I, III
b).II, III
c).I, II, III
d).I, II
Correct Answer:
I, II
Explanation:
Q80). The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
a).1984
b).1986
c).1987
d).1989
Correct Answer:
1987
Explanation: