IndiaBIX

General Knowledge - Indian Economy

Exercise : Indian Economy - Indian Economy
  • Indian Economy - Indian Economy
6.

Devaluation of a currency means

reduction in the value of a currency vis-a-vis major internationally traded currencies
permitting the currency to seek its worth in the international market
fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Answer: Option
Explanation:
No answer description is available. Let's discuss.
7.

In the second nationalization of commercial banks, ___ banks were nationalized.

4
5
6
8
Answer: Option
Explanation:
No answer description is available. Let's discuss.
8.

Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves

  1. interest payments
  2. subsidies
  3. defence
  4. irrigation

I, II
I
I, II, III
II, III, IV
Answer: Option
Explanation:
No answer description is available. Let's discuss.
9.

Depreciation means

closure of a plant due to lock out
closure of a plant due to labour trouble
loss of equipment over time due to wear and tear
destruction of a plant in a fire accident
Answer: Option
Explanation:
No answer description is available. Let's discuss.
10.

Deficit financing leads to inflation in general, but it can be checked if

government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
only aggregate demand is increased
all the expenditure is denoted national debt payment only
All of the above
Answer: Option
Explanation:
No answer description is available. Let's discuss.
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