Practice Question and Answer
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Q: The budget deficit means 1921 05cd5477669671369e94d2a9c
5cd5477669671369e94d2a9c- 1the excess of total expenditure, including loans, net of lending over revenue receiptsfalse
- 2difference between revenue receipts and revenue expenditurefalse
- 3difference between all receipts and all the expendituretrue
- 4fiscal deficit less interest paymentsfalse
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Answer : 3. "difference between all receipts and all the expenditure"
Q: Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to 1803 05cd546fbf5e0a50bb19c1c1e
5cd546fbf5e0a50bb19c1c1e- 1ARDCfalse
- 2SBIfalse
- 3NABARDtrue
- 4PACsfalse
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Answer : 3. "NABARD"
Q: The ARDC is now a branch of the 2753 05cd5469bf5e0a50bb19c1c19
5cd5469bf5e0a50bb19c1c19- 1RBIfalse
- 2NABARDtrue
- 3IDBIfalse
- 4SDBIfalse
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Answer : 2. "NABARD"
Q: Paper currency first started in India in 1802 05cd5465069671369e94d2a97
5cd5465069671369e94d2a97- 11861true
- 21542false
- 31601false
- 41880false
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Answer : 1. "1861"
Q: In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models? 2241 05cd545c869671369e94d2a92
5cd545c869671369e94d2a92- 1Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price levelfalse
- 2Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price levelfalse
- 3Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price levelfalse
- 4Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price leveltrue
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Answer : 4. "Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level"
Q: Subsidies mean 1730 05cd54545f5e0a50bb19c1c07
5cd54545f5e0a50bb19c1c07- 1payment by government for purchase of goods and servicesfalse
- 2payment made by business enterprises to factors of productionfalse
- 3payment made by companies to shareholdersfalse
- 4payment made by the government to business enterprises, without buying any goods and servicestrue
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Answer : 4. "payment made by the government to business enterprises, without buying any goods and services"
Q: If the RBI adopts an expansionist open market operations policy, this means that it will 1723 05cd544c4f5e0a50bb19c1c02
5cd544c4f5e0a50bb19c1c02- 1buy securities from non-government holdersfalse
- 2sell securities in the open marketfalse
- 3offer commercial banks more credit in the open markettrue
- 4openly announce to the market that it intends to expand creditfalse
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Answer : 3. "offer commercial banks more credit in the open market"
Q: Redistribution polices geared to reduce economic inequalities include 1704 05cd5437169671369e94d2a8d
5cd5437169671369e94d2a8d- 1progressive tax policiesfalse
- 2land reformsfalse
- 3rural development policiesfalse
- 4All the abovetrue
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Answer : 4. "All the above"
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