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321. The first wholly Indian Bank was set up in
322. The co-operative credit societies have a
323. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
324. Deficit financing means that the government borrows money from the
325. The annual yield from which of the following Union Government taxes is the highest?
- A. Excise duties
- B. Inheritance tax, wealth tax, interest tax and gift tax
- C. Corporation tax and income tax
- D. Custom duties
- Check Answer | Discussion
326. One of the reasons for India's occupational structure remaining more or less the same over the years has been that
- A. people are largely unaware of the significance of transition from agriculture to industry for economic development
- B. ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
- C. productivity in agriculture has been high enough to induce people to stay with agriculture
- D. investment pattern has been directed towards capital intensive industries
- Check Answer | Discussion
327. Gilt-edged market means
328. 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?
329. If the RBI adopts an expansionist open market operations policy, this means that it will
- A. openly announce to the market that it intends to expand credit
- B. offer commercial banks more credit in the open market
- C. sell securities in the open market
- D. buy securities from non-government holders
- Check Answer | Discussion
330. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
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