1000 Best Indian Economy MCQs
Q193). The ARDC is now a branch of the
a).RBI
b).NABARD
c).IDBI
d).SDBI
Correct Answer:
NABARD
Explanation:
Q194). Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
a).Reliance Energy
b).Essar Oil
c).GAIL
d).ONGC
Correct Answer:
Essar Oil
Explanation:
Q195). In the state of India, the State Financial Corporation have given assistance mainly to develop
a).agricultural farms
b).cottage industry
c).large-scale industries
d).medium and small-scale industries
Correct Answer:
medium and small-scale industries
Explanation:
Q196). One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
a).investment pattern has been directed towards capital intensive industries
b).productivity in agriculture has been high enough to induce people to stay with agriculture
c).ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
d).people are largely unaware of the significance of transition from agriculture to industry for economic development
Correct Answer:
investment pattern has been directed towards capital intensive industries
Explanation:
Q197). 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:
Q198). 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:
Q199). Devaluation of currency leads to
a).fall in domestic prices
b).increase in domestic prices
c).no impact on domestic prices
d).erratic fluctuations in domestic prices
Correct Answer:
increase in domestic prices
Explanation:
Q200). The central banking functions in India are performed by the I. Central Bank of India II. Reserve Bank of India III. State Bank of India IV. Punjab National Bank
a).I, II
b).II
c).I
d).II, III
Correct Answer:
II
Explanation: