Economics Important Questions

Economics GK Questions

Q.8 The ARDC is now a branch of the

(A) RBI  

(B) NABARD

(C) IDBI 

(D) SDBI

Q.9 Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to

(A) ARDC              

(B) SBI

(C) NABARD        

(D) PACs

Q.10 The budget deficit means

(A) the excess of total expenditure, including loans, net of lending over revenue receipts

(B) difference between revenue receipts and revenue expenditure

(C) difference between all receipts and all the expenditure

(D) fiscal deficit less interest payments

Q.11 VAT is imposed—

(A) Directly on consumer

(B) On final stage of production

(C) On first stage of production

(D) On all stages between production and final sale

Q.12 Kutir Jyoti scheme is associated with—

(A) Promoting cottage industry in villages

(B) Promoting employment among rural unemployed youth

(C) Providing electricity to rural families living below the poverty line

(D) All of these

Q.13 ‘Mid-day Meal’ scheme was started in the year—

(A) 1998                

(B) 1997

(C) 1996                

(D) 1995

Q.14 The central banking functions in India are performed by the

(A) Central Bank of India

(B) Reserve Bank of India

(C) State Bank of India

(D) Punjab National Bank

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