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:

New Industrial Policy of India was introduced in the year:

• 1990
• 1991
• 1992
• 1993
Correct Option: B  [ 1991 ]

Remark:

When was National Bank of Agriculture and Rural Development (NABARD) established ?

• 6th Dec, 1947
• 6th Dec, 1982
• 5th Nov, 1982
• 7th Oct, 1982
Correct Option: C  [ 5th Nov, 1982 ]

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:

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
Correct Option: B  [ increase it ]

Remark:

Which of the following does not come under the GST in India ?

• Agricultural products
• Handicrafts
• Gems and jewelries
• Petroleum products
Correct Option: D  [ Petroleum products ]

Remark:

Which of the following Committees are related to Banking reforms:
i) Narsimham Committee
ii) P J Nayak Committee
iii) Sunil Mehta Committee
iv) Nachiket Mor Committee

• (i), (ii) and (iii) only
• (ii), (iii) and (iv) only
• (i) and (iv) only
• (i), (ii), (iii) and (iv)
Correct Option: D  [ (i), (ii), (iii) and (iv) ]

Remark:

What is the 'Repo rate' ?

• It is the rate at which International Aid Agencies lend to RBI
• It is the rate at which the banks lend to RBI
• It is the rate at which RBI borrows from the market
• It is the rate at which RBI lends to banks
Correct Option: D  [ It is the rate at which RBI lends to banks ]

Remark:

Which of the following is true in respect of Centre-State financial relations ?

• Amount given by Centre is the only source of income to States
• States can by-pass Centre while taking foreign loans
• States can not levy income tax
• States can claim 100 % share in excise duty on goods produced in the State
Correct Option: C  [ States can not levy income tax ]

Remark:

NABARD stands for:

• National Activated Bank for Agriculture and Rural Development
• National Bank for Agriculture and Rural Development
• National Agricultural Backward and Rural Development
• National Bank for Accelerated Rural Development
Correct Option: B  [ National Bank for Agriculture and Rural Development ]

Remark: