Indian Economy-GK Practice MCQ Questions – 02

Question 1
Devaluation of a currency means

Question 2
Development expenditure of the Central government does not include

Question 3
The concept of zero-based budgeting was given by:

Question 4
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves

  1. I=interest payments
  2. II=subsidies
  3. III=defence
  4. IV=irrigation

Question 5
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

Question 6
ICICI is the name of a

Question 7
Gilt-edged market means

Question 8
The central banking functions in India are performed by the

  1. I=Central Bank of India
  2. II=Reserve Bank of India
  3. III=State Bank of India
  4. IV=Punjab National Bank

Question 9
Excess of Total Expenditure over total Receipts is :

Question 10
In the second nationalization of commercial banks, ___ banks were nationalized.

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