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Indian Economy - General Knowledge Multiple Choice Questions and Answers | Page-2

11 Which of the following is the most important domestic source of planned finance?
A Additional taxation
B Domestic private savings
C Profit from public sector units
D Balance of current revenue

Answer: Option [B]
12 What is the name of the electronic communication network of the Reserve Bank of India?

Answer: Option [C]
13 Which authority decides about the States’ share in central taxes?
A Finance Ministry
B Election Commission
C Planning Commission
D Finance Commission

Answer: Option [D]
14 Which of the following is has the sole right of issuing currency (except one rupee coins and notes) in India?
A The Reserve Bank of India
B The State Bank of India
C The Planning Commission
D The Government of India

Answer: Option [A]
15 RBI does not transact the business of which State Government?
A Assam
B Bihar
C Jammu and Kashmir
D Nagaland

Answer: Option [C]
16 ICI is the name associated with
A A private sector bank
B Indian Cement Industry
C Chamber of Commerce and Industry
D A MNC which manufactures chemicals

Answer: Option [D]
17 Reserve Bank of India was nationalized in
A 1948
B 1949
C 1950
D 1951

Answer: Option [B]
18 Per capita income is obtained by dividing National Income by
A Area of the country
B Volume of capital used
C Total working population
D Total population of the country

Answer: Option [D]
19 GDP at Factor Cost is
A GDP minus indirect taxes plus subsidies
B GDP minus subsidies plus indirect taxes
C NNP plus depreciation allowances
D GDP minus depreciation allowances

Answer: Option [A]
20 NREGP is the abbreviated form of
A National Rapid Employment Guarantee Programme
B National Rapid Educational Guarantee Programme
C National Rural Employment Guarantee Programme
D National Rural Educational Guarantee Programme

Answer: Option [C]

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