Q. The finance commission in India is -
1) An autonomous body
2) An advisory body
3) A constitutional body
4) A statutory body
Q. Under classical assumptions the aggregated supply curve of an economy is -
1) Upward sloping
2) Downward sloping
3) Horizontal straight line
4) Vertical straight line
Q. Primary deficit is defined as -
1) Budget deficit - Interest payments
2) Fiscal deficit - Interest payments
3) Budget deficit - Public borrowings
4) Budget deficit + Public borrowings
Q. Which of the following is the revenue expenditure of government?
1) Payment of interest
2) Purchase of a building
3) Purchase of a machine
4) Loans to State government
Q. Selective credit control is a tool of -
1) Fiscal policy
2) Import policy
3) Monetary policy
4) Income policy
Q. To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a 3-4 kms. Such branches are known as -
1) Micro Branches
2) Nodal Branches
3) Mini Branches
4) Ultra Small Branches
Q. Which of the following statements regarding the "Direct Benefits" Transfer Scheme(DBT) of the Government of India is not true?
1) The Scheme covers LPG subsidies, pension payments ans scholarships
2) Indirect transfers of benefits are more prone to leakage than direct transfer
3) Under DBT money is directly transferred into bank accounts of beneficiaries
4) The scheme is likely to increase the subsidy bill of the Government
Q. A Bank's "Fixed Deposit" is also referred to as a -
1) Saving Bank Deposit
2) Term Deposit
3) Current Deposit
4) Demand Deposit
Q. Equilibrium of the monopolistic firm -
1) necessarily is profitable
2) occurs where P = MC
3) occurs where MR = MC
4) occurs where P = MR
Q. Price rigidity is the feature of -
1) Perfect competitive competition
2) Monopoly
3) Oligopoly
4) Monopolistic competition
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