MCQ on Indian Economy
NPA of a commercial bank means:
- Net-Performing Asset
- New-Performing Asset
- Non-Personal Account
- Non-Performing Asset
Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.
The SEBI was given statutory recognition in 1992 on the recommendation of:
- the Chakraborty Commission
- the Chelliah Committee
- the Tendulkar Committee
- the Narasimham Committee
Explanation:
The basic regulatory authority for mutual funds and stock markets lies with the:
- Stock exchanges
- Government of India
- Reserve Bank of India
- Securities and Exchange Board of India.
Explanation:
Which one of the following is the main source of revenue for the states ?
- Property tax
- Sales tax
- Excise duty
- None of these
Explanation:
When two or more persons working jointly on the basis of a common plan of action, then it is called:
- Co-operation
- Collaboration
- Co-ordination
- Consulting
Explanation:
"Swadesh Darshan" is:
- a scheme for development of tourism infrastructure
- related with transportation service for sightseeing in Tripura
- a Char Dham Yatra
- visit to a natural scenery
Explanation:
Who was the first Governor of Reserve Bank of India (RBI)?
- C D Deshmukh
- Sir Osborne Smith
- James Braid Taylor
- Benegal Rama Rau
Explanation: from 1935 to 1937
Which of the statements given below is/are correct?
(i) GNP is always higher than GDP.
(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.
Select the correct answer using the codes given below.
- Only (i)
- Only (ii)
- Both (i) and (ii)
- Neither (i) nor (ii)
Explanation:
If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :
- decrease it
- increase it
- No impact
- None of these
Explanation:
The LPG model of development was introduced by India since:
- 1991
- 1992
- 1993
- 1994
Explanation: