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Indian Economy - Indian Economy (7)

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Indian Economy - Indian Economy

49. 

Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

A. tax sharing
B. grant-in-aids
C. loans
D. All the above

Answer: Option D

Explanation:

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50. 

States earn maximum revenue through

A. land revenue
B. custom revenue
C. commercial taxes
D. excise duties on intoxicants

Answer: Option C

Explanation:

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51. 

The first wholly Indian Bank was set up in

A. 1794
B. 1894
C. 1896
D. 1902

Answer: Option B

Explanation:

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52. 

The central co-operative banks are in direct touch with

A. farmers
B. state co-operative banks
C. land development banks
D. central government

Answer: Option B

Explanation:

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53. 

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

Answer: Option D

Explanation:

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54. 

The currency convertibility concept in its original form originated in

A. Wells Agreement
B. Bretton Woods Agreement
C. Taylors Agreement
D. None of the above

Answer: Option B

Explanation:

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55. 

Which of the following items would not appear in a company's balance sheet?

A. Value of stocks of raw materials held
B. Total issued capital
C. Revenue from sales of the company's products
D. Cash held at the bank

Answer: Option C

Explanation:

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56. 

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

Answer: Option A

Explanation:

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