1000 Best Indian Economy MCQs
Q169). 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:
Q170). 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:
Q171). National expenditure includes
a).consumption expenditure
b).investment expenditure
c).government expenditure
d).All of the above
Correct Answer:
All of the above
Explanation:
Q172). Resurgent India Bonds were issued in US dollar, Pound Sterling and
a).Japanese Yen
b).Deutsche Mark
c).Euro
d).French Franc
Correct Answer:
Deutsche Mark
Explanation:
Q173). The apex body for formulating plans and coordinating research work in agriculture and allied fields is
a).State Trading Corporation
b).Regional Rural Banks
c).National Bank for Agriculture and Rural Development (NABARD)
d).Indian Council of Agricultural Research
Correct Answer:
Indian Council of Agricultural Research
Explanation:
Q174). Which of the following is not an undertaking under the administrative control of Ministry of Railways?
a).Container Corporation of India Limited
b).Konkan Railway Corporation Limited
c).Indian Railways Construction Company Limited
d).Diesel Locomotive Works, Varanasi
Correct Answer:
Indian Railways Construction Company Limited
Explanation:
Q175). If the RBI adopts an expansionist open market operations policy, this means that it will
a).buy securities from non-government holders
b).sell securities in the open market
c).offer commercial banks more credit in the open market
d).openly announce to the market that it intends to expand credit
Correct Answer:
offer commercial banks more credit in the open market
Explanation:
Q176). Redistribution polices geared to reduce economic inequalities include
a).progressive tax policies
b).land reforms
c).rural development policies
d).All the above
Correct Answer:
All the above
Explanation: