1000 Best Indian Economy MCQs
Q89). If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
a).Rs. 50,000 crores
b).Rs. 25,000 crores
c).Rs. 1,00,000 crores
d).Rs. 1,25,000 crores
Correct Answer:
Rs. 50,000 crores
Explanation:
Q90). Fiscal deficit in the Union Budget means
a).the difference between current expenditure and current revenue
b).net increase in Union Governments borrowings from the Reserve Bank of India
c).the sum of budgetary deficit and net increase in internal and external borrowings
d).the sum of monetized deficit and budgetary deficit
Correct Answer:
the sum of budgetary deficit and net increase in internal and external borrowings
Explanation:
Q91). How many banks were nationalized in 1969?
a).16
b).14
c).15
d).20
Correct Answer:
14
Explanation:
Q92). In India, the first bank of limited liability manages by Indians and founded in 1881 was
a).Hindustan Commercial Bank
b).Oudh Commercial Bank
c).Punjab National Bank
d).Punjab and Sind Bank
Correct Answer:
Oudh Commercial Bank
Explanation:
Q93). In India, inflation measured by the
a).Wholesale Price Index number
b).Consumers Price Index for urban non-manual workers
c).Consumers Price Index for agricultural workers
d).National Income Deflation
Correct Answer:
Wholesale Price Index number
Explanation:
Q94). The annual yield from which of the following Union Government taxes is the highest?
a).Custom duties
b).Corporation tax and income tax
c).Inheritance tax, wealth tax, interest tax and gift tax
d).Excise duties
Correct Answer:
Excise duties
Explanation:
Q95). The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
a).15 to 20 percent
b).20 to 25 percent
c).25 to 30 percent
d).30 to 35 percent
Correct Answer:
20 to 25 percent
Explanation:
Q96). Subsidies mean
a).payment by government for purchase of goods and services
b).payment made by business enterprises to factors of production
c).payment made by companies to shareholders
d).payment made by the government to business enterprises, without buying any goods and services
Correct Answer:
payment made by the government to business enterprises, without buying any goods and services
Explanation: