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Online Economics Quiz Set No - 18

Economics questions have been taken from previous years question papers of different competitive examinations such SSC CGL, SSC CHSL, CDS, NDA, Bank, State PSC, Railways, MAT, CAT, etc.

171) The basic feature of the Rolling Plans was that:
A) no physical targets were visualized
B) revision of the achievements, of previous year
C) annual fluctuations in prices and major economic developments could be considered while fixing targets
D) no financial target except in the term of annual plans was envisaged

172) The basic objectives of Indian planning are: (1) economic growth, (2) self-reliance, (3) employment generation, (4) population growth.
A) 1, 2 and 4
B) 1, 2 and 3
C) 2 and 3
D) 1, 2, 3 and 4

173) The best means of saving during inflation is to keep:
A) money
B) Government Bonds
C) equity
D) time deposits with Banks

174) The best way in which a bank can avoid loss is to
A) Lend only to individuals known to the bank
B) Accept sound collateral
C) Give only short-term loans
D) Lend only to bank's old customers

175) The Budget Deficit means?
A) Difference between revenue receipts and revenue expenditure
B) Fiscal deficit less interest payments
C) Difference between all the receipts and all the expenditure
D) The excess of total expenditure, including loans, net of lending over revenue receipts

176) The Budget is presented to the Parliament on?
A) the last day of March
B) the last day of February
C) 1st April
D) 1st March

177) The cause of inflation is:
A) increase in money supply
B) fall in production
C) increase in money supply and fall in production
D) decrease in money supply and fall in production

178) 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) ICICI Bank
A) a and b
B) b and c
C) b
D) c

179) The concept of Five Year Plans in India was introduced by
A) Lord Mountbatten
B) Jawaharlal Nehru
C) Indira Gandhi
D) Lal Bahadur Shastri

180) The contribution of agriculture to India's economy is:
A) increasing
B) decreasing
C) constant
D) None of these