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General Knowledge on Indian Economy | GK test on Indian Economy Page 35
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General Knowledge on Indian Economy

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341. The condition of indirect taxes in the country's revenue is approximately
342. The association of the rupee with pound sterling as the intervention currency was broken in
343. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
344. Non Tax revenues can be increased by improving the working of the
  • A. All of the above
  • B. commercial irrigation projects
  • C. electricity boards
  • D. State Road Transport Corporations
  • Check Answer | Discussion
345. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
  • A. Central Liquid Reserve (CLR)
  • B. Central Bank Reserve (CBR)
  • C. Statutory Liquid Ratio (SLR)
  • D. Statutory Bank Ratio (SBR)
  • Check Answer | Discussion
346. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
347. Deficit financing leads to inflation in general, but it can be checked if
  • A. All of the above
  • B. all the expenditure is denoted national debt payment only
  • C. only aggregate demand is increased
  • D. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
  • Check Answer | Discussion
348. In India, the first bank of limited liability manages by Indians and founded in 1881 was
349. Fiscal deficit in the Union Budget means
  • A. net increase in Union Governments borrowings from the Reserve Bank of India
  • B. the difference between current expenditure and current revenue
  • C. the sum of monetized deficit and budgetary deficit
  • D. the sum of budgetary deficit and net increase in internal and external borrowings
  • Check Answer | Discussion
350. The central banking functions in India are performed by the Central Bank of India Reserve Bank of India State Bank of India Punjab National Bank

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