Q.11 The first wholly Indian Bank was set up in
(A) 1794
(B) 1899
(C) 1894
(D) 1902
Q.12 Excise duty is a tax levied on the
(A) import of goods
(B) export of goods
(C) production of goods
(D) sale of goods
Q.13 Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
(A) Reliance Energy
(B) Essar Oil
(C) GAIL
(D) ONGC
Q.14 Which of the following is not viewed as a national debt?
(A) Provident Fund
(B) Life Insurance Policies
(C) National Saving Certificate
(D) Long-term Government Bonds
Q.15 Deficit financing means that the government borrows money from the
(A) RBI
(B) Local Bodies
(C) Big businessmen
(D) IMF
Q.16 If an economy is an equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
(A) Zero
(B) equal to government income
(C) larger than government income
(D) negative
Q.17 The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
(A) 1984
(B) 1986
(C) 1987
(D) 1989
Q.18 Reserve Bank of India was nationalized in the year
(A) 1935
(B) 1945
(C) 1949
(D) 1948
Q.19 How many banks were nationalized in 1969?
(A) 14
(B) 12
(C) 11
(D) 16
Q.20 In India, inflation measured by the
(A) Wholesale Price Index number
(B) Consumers Price Index for urban non-manual workers
(C) Consumers Price Index for agricultural workers
(D) National Income Deflation
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