Quiz 184: Indian Economy for Civil Services , Banks and other examinations

1.

A debenture holder of a company is also its ______?

[A] shareholder
[B] Director
[C] Creditor
[D] None of the above

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2.

Which among the following is true about “deficit Financing”?

[A] public expenditure in excess of public revenue
[B] public revenue in excess of public expenditure
[C] new currency replaced by a old currency
[D] None of the above

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3.

Devaluation of currency means the reduction in the value of a currency vis-à-vis which of the following ?

[A] The prices of the major commodities
[B] The value of a particular currency
[C] The value of major internationally traded currencies of the world
[D] None of the above

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4.

Whenever a currency is devaluated , what is the impact on the prices?

[A] They rise
[B] They fall
[C] There is an erratic fluctuation in the prices
[D] Prices remains same

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5.

An excise duty is a charge on which of the following ?

[A] export of goods
[B] production of goods
[C] production or sale of goods
[D] import of goods

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6.

Which of the following funds was established in India in 1992 to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernization, technology up gradation and industrial restructuring.?

[A] National Renewal Fund
[B] National Insurance Fund
[C] National Social Security Fund
[D] National Provident Fund

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7.

Which among the following is a correct definition of currency drain?

[A] A currency drain is an export of the domestic currency
[B] A currency drain is an increase in currency held outside the banks
[C] A currency drain is the currency holding by a parallel economy
[D] None of the above

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8.

In which year The Minimum Wage Act was enacted ?

[A] 1948
[B] 1958
[C] 1968
[D] 1970

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9.

Which of the following is an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas ?

[A] RBI
[B] NABARD
[C] SIDBI
[D] SBI

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10.

In 1982, the Rural Planning and Credit Cell (RPCC) of Reserve Bank of India was merged in which of the following banks?

[A] SIDBI
[B] NABARD
[C] SIDBI
[D] SBI

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Comments

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    Reply

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  • Anonymous
    Reply

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    Reply

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    Reply

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    Reply

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    Reply

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    Reply

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