Quiz 171: GK for SBI Bank PO and other Banking Examinations

1. “Gadgil Formula” is related to which of the following ?
[A] Share of tax revenue between states and central government
[B] Transfer of assistance to the states by center under various schemes
[C] Assistance to be provided to states by the Central government for NREGA scheme
[D] None of the above

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2. Which among the following was not a committee on Tax Reforms?
[A] Raja J Chelliah Committee
[B] Kelker Committee
[C] Taraporewala committee
[D] None of the above

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3. Among which of the following countries would you call a growing country or growing economy ?
[A] A country with rising GNP at constant prices
[B] A country with rising GNP at current prices
[C] A country with constant GNP at rising prices
[D] None of the above

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4. Before independence , which of the following country was India’s largest trade partner?
[A] UK
[B] USSR
[C] USA
[D] Germany

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5. Which among the following years marks the latest devaluations in India’s currency ?
[A] 1991
[B] 1998
[C] 2000
[D] 2005

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6. Interest receipts and dividends come under which category of Government’s revenue?
[A] Tax revenue
[B] Non Tax revenue
[C] Both of them
[D] None of them

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7. Which among the following revolutions is related to ‘fertilizers’?
[A] Silver Revolution
[B] Grey Revolution
[C] Golden Revolution
[D] Pink Revolution

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8. When 14 banks of India were nationalized on July 19, 1969, each one of them had a minimum deposit of ________?
[A] Rs. 50 Crore
[B] Rs. 25 Crore
[C] Rs. 75 Crore
[D] Rs. 100 Crore

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9. What was the main objective of the FRBM Act which was enacted by Parliament in 2003?
[A] Bring liquidity
[B] Bring Fiscal Discipline
[C] Bring Trade equilibrium
[D] To increase GDP

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10. Which among the following defines ‘revenue deficit’?
[A] revenue expenditure minus revenue receipts
[B] revenue receipts minus revenue expenditure
[C] revenue expenditure plus revenue receipts
[D] None of the above

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