Indian Economy General knowledge test answers - Set 09

G.K. Practice Test: Question Set - 09


1. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
    (A) Increase it
    (B) Decrease it
    (C) No impact
    (D) None of the above

2. Non Tax revenues can be increased by improving the working of the
    (A) State Road Transport Corporations
    (B) Electricity boards
    (C) Commercial irrigation projects
    (D) All of the above

3. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
    (A) Statutory Bank Ratio (SBR)
    (B) Statutory Liquid Ratio (SLR)
    (C) Central Bank Reserve (CBR)
    (D) Central Liquid Reserve (CLR)

4. 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

5. In India, which one among the following formulates the fiscal policy?
    (A) Planning Commission
    (B) Ministry of Finance
    (C) Finance Commission
    (D) The Reserve Bank of India

6. 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

7. Debenture holders of a company are its
    (A) Shareholders
    (B) Creditors
    (C) Debtors
    (D) Directors

8. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
    (A) Marginal benefit received
    (B) Total benefit received
    (C) Average benefit received
    (D) Ability to pay for the benefit

9. Which of the following is not viewed as a national debt?
    (A) Provident Fund
    (B) Life Insurance Policies
    (C) National Saving Certificate
    (D) Long-term Government Bonds

10. 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

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Economics and Indian Economy:
  Set 01      Set 02      Set 03      Set 04      Set 05      Set 06      Set 07      Set 08      Set 09
  Set 10      Set 11
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