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 has the highest per capita income ?

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

Remark:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Remark:

New Industrial Policy of India was introduced in the year:

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

Remark:

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:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Correct Option: C  [ P. C. Mahalanobis ]

Remark:

The purpose of land reforms was to :

• increase the production in agriculture
• increase the purchasing power of the rural population
• ensure distributive justice with economic growth
• all of the above
Correct Option: D  [ all of the above ]

Remark:

Mixed economy means an economy where:

• There is co-existence of public sector along with private sector
• Both agriculture and Industry are equally promoted by the state
• There is importance of small scale industries along with heavy industries
• Economy is controlled by military as well as civilian rulers
Correct Option: A  [ There is co-existence of public sector along with private sector ]

Remark:

Which of the following benefits is covered under social security schemes ?

• Retirement benefits
• Medical facility
• Compensation facilities
• All of the above
Correct Option: D  [ All of the above ]

Remark:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Correct Option: D  [ Electricity, gas and water supply ]

Remark: