1000 Best Indian Economy MCQs
Q121). In the second nationalization of commercial banks, ___ banks were nationalized.
a).4
b).5
c).6
d).8
Correct Answer:
6
Explanation:
Q122). Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
a).I, II
b).I
c).I, II, III
d).II, III, IV
Correct Answer:
I, II, III
Explanation:
Q123). Depreciation means
a).closure of a plant due to lock out
b).closure of a plant due to labour trouble
c).loss of equipment over time due to wear and tear
d).destruction of a plant in a fire accident
Correct Answer:
loss of equipment over time due to wear and tear
Explanation:
Q124). Deficit financing leads to inflation in general, but it can be checked if
a).government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
b).only aggregate demand is increased
c).all the expenditure is denoted national debt payment only
d).All of the above
Correct Answer:
All of the above
Explanation:
Q125). If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
a).will decrease
b).will increase
c).will neither increase nor decrease
d).None of the above
Correct Answer:
will neither increase nor decrease
Explanation:
Q126). India changed over to the decimal system of coinage in
a).34790
b).20911
c).21276
d).21641
Correct Answer:
20911
Explanation:
Q127). The association of the rupee with pound sterling as the intervention currency was broken in
a).1990
b).1991
c).1992
d).1993
Correct Answer:
1992
Explanation:
Q128). On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
a).Marginal benefit received
b).Total benefit received
c).Average benefit received
d).Ability to pay for the benefit
Correct Answer:
Ability to pay for the benefit
Explanation: