1. What was Karaj in the thirteenth century?
Tax on cultivation
2. What is termed as the period of high inflation and low economic growth?
Stagflation
3. In India, the bank NABARD does not provide refinance to which bank?
Export-Import Banks
4. Who wrote the book ‘Planned Economy for India’?
M. Visvesvaraya
5. A crossed cheque is one, which can be enchased only at which bank?
State Bank of India.
6. What do Quantitative credit controls not include?
RBI directives
7. The Centre-State financial distribution takes place on the recommendation by which ministry?
Finance Minister
8. Which is the oldest Development Financial Institution of India?
IFCI
9. During which five year plan were the steel plants at Durgapur, Bhilai and Rourkela established?
Second Five Year Plan
10. During which Five Year Plan was the total expenditure on agriculture the highest?
Fourth Five Year Plan
11. By whom the salary and perquisites of the Prime Minister of India are decided?
Parliament
12. Who are Debenture holders of a company?
Its creditors
13. Through which methods is the national income of India estimated mainly?
Production and income methods
14. In which year were Private Sector Mutual Funds in India permitted?
1993
15. From which export does India earn maximum foreign exchange?
Gems and jewellery
16. What is the source of maximum income to Panchayati Raj?
Government grants
17. The Govt. of India does not provide any direct financial assistance to which scheme?
Jeevan Sathi Yojana
18. Bagasse, a by-product of sugar manufacturing industry, is used for the production of which thing?
Paper
19. From which sector does the highest sector wise contribution to gross domestic saving comes?
Household sector
20. Which formulates fiscal policy?
Finance Ministry
21. In which plan was the growth rate of agricultural production negative?
Third Plan
22. In which of the Five Year Plans, preference was given to the weaker sections of the society?
Fifth
23. How many member states are in ‘Common Market‘ for Eastern and Southern Africa?
20
24. How can the States in India borrow from the market?
Only with the consent of the Centre
25. What is One of the main factors that led to rapid expansion of Indian exports?
Liberalization of the economy
26. How is the difference between visible exports and visible imports defined?
Balance of trade
27. Which case does stagflation imply?
Recession plus inflation
28. In which activity percentage share of cooperative sector is the highest?
Sugar production
29. In India, which is regulated by the forward Markets Commission?
Commodities Futures Trading
30. Among the remedies of inflation, what can we include?
Lowering bank rate