Fiscal policy is connected with:

• exports and imports
• issue of currency
• public revenue and public expenditure
• liquidity of money
Correct Option: C  [ public revenue and public expenditure ]

Remark:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Correct Option: C  [ M. Visvesvaraya ]

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:

National Food Security Act came into effect in the year:

• 2012
• 2013
• 2014
• None of the above
Correct Option: B  [ 2013 ]

Remark:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Correct Option: A  [ The Ministry of Finance ]

Remark:

Which of the following is the role of Finance Commission ?

• Sharing of net proceeds of taxes between the Centre and States.
• Recommending principles for governing the grants-in-aid to the States by the Centre
• Recommendations on matters referred to it by the President for the interest of finance
• All of the above
Correct Option: D  [ All of the above ]

Remark:

NPA of a commercial bank means:

• Net-Performing Asset
• New-Performing Asset
• Non-Personal Account
• Non-Performing Asset
Correct Option: D  [ Non-Performing Asset ]

Remark: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Correct Option: B  [ Trusteeship ]

Remark:

Existence of huge black money creates

• increase in the inequality of income
• decrease in the quality of output
• high living standard for all
• Both (B) and (C)
Correct Option: A  [ increase in the inequality of income ]

Remark:

Plan finance creates increase of money supply if there is

• increase in taxes
• increase in loan from the Reserve Bank of India
• increase in loan from commercial Banks
• increase in loan from general public
Correct Option: A  [ increase in taxes ]

Remark: