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The Batches who are qualified to the second round of quiz
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5. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A.Chemicals other than fertilizers B.Services sector C.Food processing D.Telecommunication
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8.Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Nondevelopment expenditure involves interest payments subsidies defence irrigation ?
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9. Depreciation means ?
A.Closure of a plant due to lock out B.Closure of a plant due to labour trouble C.Loss of equipment over time due to wear and tear D.Destruction of a plant in a fire accident
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11.If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits ?
A.will decrease B.will increase C.will neither increase nor decrease D.None of the above
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13. The association of the rupee with pound sterling as the intervention currency was broken in ?
A.1990 B.1991 C.1992 D.1993
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14. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
A.Marginal benefit received B.Total benefit received C.Average benefit received D.Ability to pay for the benefit
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15. One of the reasons for India's occupational structure remaining more or less the same over the years has been that ?
A.investment pattern has been directed towards capital intensive industries B.productivity in agriculture has been high enough to induce people to stay with agriculture C.ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture D.people are largely unaware of the significance of transition from agriculture to industry for economic development
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18. Which of the following is the most appropriate cause of exports surplus?
A.Country's exports promotion value B.Country's stringent import policy C.Developments in national and international markets D.None of the above
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19. 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
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20. 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
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22. 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
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26. 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
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29. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines ?
A.to govern entry of new private sector banks to make the banking sector more competitive B.to reduce the freedom given to banks to rationalize their existing branch network C.to setup more foreign exchange banks D.to lend more easily for industrial development
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30. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
A.Reliance Energy B.Essar Oil C.GAIL D.ONGC
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31. Non Tax revenues can be increased by improving the working of the ?
A.State Road Transport Corporations B.electricity boards C.commercial irrigation projects D.All of the above
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34. Deficit financing means that the government borrows money from the ?
A.RBI B.local bodies C.big businessmen D.IMF
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35. Revenue of the state governments are raised from the following sources, except ?
A.Entertainment tax B.Expenditure tax C.Agricultural income tax D.Land revenue
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36. Since the inception of the cooperative movement, rural credits has been ?
A.Institutionalized B.Rationalized C.Cheapened D.All of the above
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37. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be ?
A.Zero B.Equal to government income C.Larger than government income D.Negative
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39.Regional rural banks have limited area of operation have free access to liberal refinance facilities from NABARD are required to lend only to weaker sections ?
A.I, III B.II, III C.I, II, III D.I, II
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40. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in ?
A.1984 B.1986 C.1987 D.1989
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41. The current price index (base 1960) is nearly 330. This means that ?
A.all items cost 3-3 times more than what they did in 1960 B.the prices of certain selected items have gone up to 3-3 times C.weighted means of prices of certain item has increased 3-3 times D.gold price has gone up 3-3 times
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42. Notes on which denomination has the portrait of Mahatma Gandhi printer on them?
A.1000 rupee B.500 rupee C.100 rupee D.All of the above
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44. Of the gross tax revenue of the Union Government the indirect taxes account for nearly ?
A.70 per cent B.75 percent C.65 percent D.60 percent
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45. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called ?
A.Statutory Bank Ratio (SBR) B.Statutory Liquid Ratio (SLR) C.Central Bank Reserve (CBR) D.Central Liquid Reserve (CLR)
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47. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? A large number of farmers are illiterate and know little about scientific agriculture Prices of primary products are lower than those of manufactured products Investment in agriculture has been low when compared to investment in industry ?
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48. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year ?
A.1997 B.1998 C.1999 D.2000
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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
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53. In India, the first bank of limited liability manages by Indians and founded in 1881 was ?
A.Hindustan Commercial Bank B.Oudh Commercial Bank C.Punjab National Bank D.Punjab and Sind Bank
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55. The annual yield from which of the following Union Government taxes is the highest?
A.Custom duties B.Corporation tax and income tax C.Inheritance tax, wealth tax, interest tax and gift tax D.Excise duties
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56. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of ?
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59. Resurgent India Bonds were issued in US dollar, Pound Sterling and ?
A.Japanese Yen B.Deutsche Mark C.Euro D.French Franc
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60. The apex body for formulating plans and coordinating research work in agriculture and allied fields is ?
A.State Trading Corporation B.Regional Rural Banks C.National Bank for Agriculture and Rural Development (NABARD) D.Indian Council of Agricultural council
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61.Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A.Container Corporation of India Limited B.Konkan Railway Corporation Limited C.Indian Railways Construction Company Limited D.Diesel Locomotive Works, Varanasi
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62. If the RBI adopts an expansionist open market operations policy, this means that it will ?
A.buy securities from non-government holders B.sell securities in the open market C.offer commercial banks more credit in the open market D.openly announce to the market that it intends to expand credit
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65. In India, which one among the following formulates the fiscal policy?
A.Planning Commission B.Ministry of Finance C.Finance Commission D.The Reserve Bank of India
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67. In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
A.Rs 1000 B.Rs 500 C.Rs 400 D.Rs 300
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69. The ARDC is now a branch of the ? A.RBI B.NABARD C.IDBI D.SDBI
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71. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to ? A.ARDC B.SBI C.NABAR D.PACs
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73. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A.Change in quantity of money - change in investment change in employment and output - change in rate of interest - change in price level B.Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level C.Change in quantity of money - change in investment change in rate of interest - change in employment and output - change in price level D.Change in quantity of money - change in rate of interest change in investment - change in employment and output - change in price level
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74. Foreign Direct Investment ceilings in the telecom sector have been raised from 49 percent to
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75. Which of the following is not a part of machinery that settles industrial disputes?
A.Wage Court B.Works Committee C.Conciliation officers D. Board of conciliations
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