In the context of fiscal policy, which of the following statements is true about primary deficit?
a. It is the difference between fiscal deficit and interest payments
b. It is the difference between revenue deficit and interest payments
c. It is the difference between capital deficit and interest payments
d. None of the above
Ans – a
Name the section that mandate banks to maintain CRR with RBI?
a. Section 42(1) RBI Act
b. Section 24(1) RBI Act
c. Section 42(1) BR Act
d. Section 24(1) BR Act
Ans – a
As per sec 24 of RBI Act, max how much amount of currency note can be printed by RBI? a. 2000
b. 10000
c. 50000
d. No upper limit
Ans – b
The vehicle insurance taken by a customer so as to cover the expenses for the other person is called ……
a. Third party insurance
b. IDV
c. Comprehensive insurance
d. Life insurance
Ans – a
New India @75 has 4 components one of which is driver, which of the following are the among the key recommendations in driver section?
a. To raise the export of goods and services
b. Continued exit of the government from non-strategic public sector units
c. Promoting “Zero Budget Natural Fanning” techniques
d. All of the above
Ans – d
Which of the following reforms doesn’t take place in 1992?
a. Deregulation of Lending rates
b. Debt Recovery Tribunal
c. Deregulation of Branch licensing
d. Entry of new private banks
Ans – c
As per the RBI Act, 1934, which assets fall under the purview of the Issue Department’s balance sheet?
a. Rupee coins, rupee securities, and gold bullion only
b. Foreign securities, rupee coins, and rupee securities only
c. Gold coin, gold bullion, foreign securities, rupee coins, and rupee securities
d. Only gold bullion
Ans – c
What is a primary deficit?
a. A deficit in the trade balance of a country
b. A deficit in the government’s budget caused by spending on primary education
c. A deficit in the government’s budget after taking into account interest payments on past debt
d. A deficit in the government’s budget before taking into account interest payments on past debt
Ans – d
What is the difference between M1 and M2 in economics?
a. M1 includes only physical currency, while M2 includes M1 plus credit card debt
b. M1 includes M2 plus credit card debt, while M2 includes only physical currency and savings accounts
c. M1 includes M2 plus long-term investments, while M2 includes only physical currency and demand deposits
d. M1 includes only physical currency and demand deposits while M2 includes M1 plus savings accounts and small time deposits
Ans – d
Which of the following is considered as a sunrise sector in the Indian economy?
a. Information Technology (IT)
b. Agriculture
c. Manufacturing
d. Banking
Ans – a