MCQ on Indian Economy

1) Development expenditure of central government does not include- A) Defence expenditure B) Expenditure on Economic services C) Expenditure on Social and Community services D) None of these 2) If all the banks in a economy are nationalized and converted into a monopoly bank,  the total deposits will- A) Increase B) Decrease C) Neither increase nor decrease D) None of these 3) If the CRR is lowered by RBI, its impact on credit creation will be to- A) Increase it B) Decrease it C) No impact D) Non of these 4) Which of the following is not viewed as a national debt? A) Provident fund B) Life insurance policies C) National Saving Certificate D) Non of these 5) In India inflation is measured by A) Consumer price index B) Wholesale price index C) Both options A and B D) None of these 6) What are government subsidies? A) Payment by government for purchase of goods and services B) Payment made by government to business enterprises without buying any goods and services C) Payment made to government to farmers D) None of these 7) National expenditure includes A) Consumption expenditure B) Investment expenditure C) Government expenditure D) All of the above 8) In India who formulates the fiscal policy? A) Ministry of Finance B) Planning commission C) RBI D) All of these 9) Deficit financing implies- A) Printing new currency notes B) Public expenditure in excess of public revenue C) Public revenue in excess of public expenditure D) None of these 10) The apex body for formulating plans and coordination research work in agriculture and allied fields is- A) Regional Rural Banks B) Indian Council of Agricultural Research C) NABARD D) All of these ANSWERS:- 1) A 2) C 3) A 4) C 5) B 6) B 7) D 8) A 9) B 10) B **************************************************************** Click here for the syllabus of APSC General Studies paper- http://assamdarpan.blogspot.in/2017/02/general-studies-syllabus-for-apsc-exam.html?m=1 Check the below link for Coding-decoding questions (new pattern) for SBI PO Pre 2017:- http://ssksuraj.blogspot.in/2017/02/new-pattern-coding-decoding-que-with.html?m=1 *****************************************************************