Economics General Studies Questions for ssc upsc competitive examspage 3

31 .M1 includes :

A. currency with public

B. demand deposit with bank

C. other deposits with RBI

D. all of the above

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32 .In which Plan was the growth rate target exceeded?

A. First

B. Fifth

C. Sixth

D. In none

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33 .In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:

A. 1 lakh

B. 5 lakhs

C. 10 lakhs

D. 50 lakhs

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34 .Which of the following is not true about the Reserve Bank of India?

A. It regulates the currency and credit system of India

B. It maintains the exchange value of the rupee

C. Foreign exchange reserves are kept by RBI

D. One rupee notes and coins are issued by RBI

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35 .GDR means:

A. 'gross domestic ratio' which is a macro aggregate

B. 'globed depository receipt' which is the mechanism to raise funds from international market

C. 'global development range' which has been set up by UNO for developing countries

D. 'Geographically developed regions' as defined by the UNDP

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36 .Investment in public works is known as :

A. revenue expenditure

B. capital expenditure

C. current expenditure

D. either ( a ) or ( b )

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37 .The principal source of revenue to the State Government in India is :

A. Income Tax

B. Sales Tax

C. State Excise Duties

D. Land Revenue

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38 .A tax which is paid by the person on whom the tax is incident is called a :

A. local tax

B. indirect tax

C. direct tax

D. rate

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39 .Fiscal deficit in the budget means:

A. Revenue deficit plus the net borrowings of the government

B. Budgetary deficit plus the net borrowings of the government

C. Capital deficit plus revenue deficit

D. Primary deficit minus capital deficit

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40 .The Second Five Year Plan laid more stress upon :

A. agriculture

B. industrialisation

C. removing poverty

D. self-reliance

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41 .Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services ?

A. The Hyderabad Mint

B. The Mumbai Mint

C. The Kolkata Mint

D. None of these

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42 .Indian Railways earn the maximum revenue from:

A. passenger fare

B. freight

C. traffic tax

D. passenger tax

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43 .Who wrote the book 'Planned Economy for India'?

A. M. Visvesvaraya

B. Sardar Vallabhbhai Patel

C. Jawaharlal Nehru

D. Mahatma Gandhi

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44 .One of the problems in calculating the national income in India correctly is :

A. under-employment

B. inflation

C. non-monetised consumption

D. low savings

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45 .In India, the concepts of 'minimum needs' and 'directed anti-poverty programmes' were the innovations of :

A. Fourth Five-year Plan

B. Fifth Five-year Plan

C. Sixth Five-year Plan

D. Seventh Five-year Plan

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