The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

• growth of population
• increase in price level
• growth of money supply
• increase in the wage rate
Correct Option: B  [ increase in price level ]

Remark:

Fiscal Deficit is:

• Government expenditure minus borrowings
• Government expenditure minus revenue receipts
• Same as budget deficit
• Budget deficit minus borrowings and other liabilities
Correct Option: B  [ Government expenditure minus revenue receipts ]

Remark:

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

• education for all
• education for the weaker sections
• universalisation of elementary education
• bridge all the genders and social gaps in education
Correct Option: C  [ universalisation of elementary education ]

Remark:

Who was the first Governor of Reserve Bank of India (RBI)?

• C D Deshmukh
• Sir Osborne Smith
• James Braid Taylor
• Benegal Rama Rau
Correct Option: B  [ Sir Osborne Smith ]

Remark: from 1935 to 1937

Which of the following is not an asset held by the commercial bank ?

• Bills of exchange
• Current account deposits
• Money lent at short notice
• Credit balances with the Reserve Bank
Correct Option: B  [ Current account deposits ]

Remark:

Which industry employs the largest number of women in India ?

• Tea
• Textile
• Jute
• Coal
Correct Option: B  [ Textile ]

Remark:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Correct Option: D  [ Service sector ]

Remark:

In India the Repo rate is announced by:

• the Ministry of Finance, Government of India
• the Prime Minister of India
• the Reserve Bank of India
• the President of India
Correct Option: C  [ the Reserve Bank of India ]

Remark:

Whose signature is found on the 1000 rupee note of India?

• Finance Secretary of India
• Finance Minister Of India
• Governor, Reserve Bank of India
• President Of India
Correct Option: C  [ Governor, Reserve Bank of India ]

Remark:

Which of the following has the highest per capita income ?

• Delhi
• Sikkim
• Haryana
• Goa
Correct Option: D  [ Goa ]

Remark: