General Knowledge - Indian Economy

Exercise :: Indian Economy - Indian Economy

  • Indian Economy - Indian Economy
46. 

Reserve Bank of India was nationalized in the year

A. 1935
B. 1945
C. 1949
D. 1969

Answer: Option C

Explanation:

RBI established in 1935 and nationalized in 1949.

Ref: http://en.wikipedia.org/wiki/Reserve_Bank_of_India


47. 

In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?

  1. A large number of farmers are illiterate and know little about scientific agriculture
  2. Prices of primary products are lower than those of manufactured products
  3. Investment in agriculture has been low when compared to investment in industry

A. I, II, III
B. I, II
C. I, III
D. II, III

Answer: Option A

Explanation:

No answer description available for this question. Let us discuss.

48. 

National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

A. 1997
B. 1998
C. 1999
D. 2000

Answer: Option C

Explanation:

No answer description available for this question. Let us discuss.

49. 

If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?

A. Rs. 50,000 crores
B. Rs. 25,000 crores
C. Rs. 1,00,000 crores
D. Rs. 1,25,000 crores

Answer: Option A

Explanation:

No answer description available for this question. Let us discuss.

50. 

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

Answer: Option C

Explanation:

No answer description available for this question. Let us discuss.