1. When had India a plan holiday?
After the drought of 1966
2. During which Plan did prices show a decline?
First
3. Which bank is the Banker of the Banks?
RBI
4. When was the Reserve Bank of India taken over by the Government?
1948
5. Which is the tax that takes away a higher proportion of one’s income as the income rises?
Progressive tax
6. With which country is “Orange Revolution” associated?
Ukraine
7. What is the mean of Invisible Export?
Export Services
8. Which committee was assigned to recommend reforms in the insurance sector?
Malhotra Committee
9. When was the Rolling plan designed?
1978-83
10. Why does the Issue Department of the RBI maintain against printing of note?
Minimum Reserve System
11. From when was the Zero Base Budgeting in India first experimented?
April, 1987
12. What is an essential attribute of inflation?
Increase in prices
13. What is the best means of saving during inflation?
Money
14. Which is the oldest ‘stock exchange of India?
Bombay Stock Exchange
15. Which situation makes a firm most efficient?
Lowest average costs
16. What is meant by ‘Underwriting’, the term frequently used in financial sector?
Under valuation of the assets.
17. From the view of International economy, What does third World imply?
The developing countries
18. Which Committee was formed to suggest means for eradicating black money?
Cheiliah Committee
19. What is the situation with increasing unemployment and inflation termed?
Stagflation
20. If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
Increase
21. Which provides the largest part of the demand for loan able funds in India?
Corporate businesses
22. What is the main source of revenue to meet different expenditures?
Internal borrowings
23. From which sector is the largest contribution in India’s National Income?
Tertiary sector
24. In which policy India opted for ‘Mixed Economy’?
Industrial Policy of 1948
25. What is the task of the Planning Commission?
Preparation of the plan
26. Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?
Rs. 100
27. Which is the regulatory authority for giving clearance for External Commercial borrowing?
RBI
28. With which Economic growth is usually coupled?
Inflation
29. In which year was Minimum inflation in post economic reform?
1999-2000
30. What does Inflation imply?
Rise in general price index