Indian Economy - Indian Economy (1)

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Indian Economy - Indian Economy

1.

Which of the following is not a part of machinery that settles industrial disputes?

A.	Wage Court
B.	Works Committee
C.	Conciliation officers
D.	Board of Conciliation

Answer: Option A

Explanation:

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2.

Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

A.	80 percent
B.	83 percent
C.	90 percent
D.	100 percent

Answer: Option D

Explanation:

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3.

In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?

A.	Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
B.	Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
C.	Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
D.	Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

Answer: Option D

Explanation:

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4.

Deficit financing implies

A.	printing new currency notes
B.	replacing new currency with worn out currency
C.	public expenditure in excess of public revenue
D.	public revenue in excess of public expenditure

Answer: Option C

Explanation:

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5.

Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to

A.	ARDC
B.	SBI
C.	NABARD
D.	PACs

Answer: Option C

Explanation:

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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

Answer: Option B

Explanation:

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7.

The ARDC is now a branch of the

A.	RBI
B.	NABARD
C.	IDBI
D.	SDBI

Answer: Option B

Explanation:

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8.

Paper currency first started in India in

A.	1861
B.	1542
C.	1601
D.	1880

Answer: Option A

Explanation:

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