Indian Economy-GK Practice MCQ Questions – 06

Question 1
Reserve Bank of India was nationalized in the year




Question 2
Notes on which denomination has the portrait of Mahatma Gandhi printed on them?




Question 3
The current price index (base 1960) is nearly 330. This means that




Question 4
The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called




Question 5
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?

  1. I=A large number of farmers are illiterate and know little about scientific agriculture
  2. II=Prices of primary products are lower than those of manufactured products
  3. III=Investment in agriculture has been low when compared to investment in industry




Question 6
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year




Question 7
Regional rural banks

  1. I=have limited area of operation
  2. II=have free access to liberal refinance facilities from NABARD
  3. III=are required to lend only to weaker sections




Question 8
Devaluation of currency will be more beneficial if




Question 9
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in




Question 10
Of the gross tax revenue of the Union Government the indirect taxes account for nearly




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