1000 Best Indian Economy MCQs
Q161). In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
a).I, II, III
b).I, II
c).I, III
d).II, III
Correct Answer:
I, II, III
Explanation:
Q162). National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
a).1997
b).1998
c).1999
d).2000
Correct Answer:
1999
Explanation:
Q163). 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:
Q164). 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:
Q165). How many banks were nationalized in 1969?
a).16
b).14
c).15
d).20
Correct Answer:
14
Explanation:
Q166). 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:
Q167). 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:
Q168). 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: