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Online Economics Quiz Set No - 19

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.

181) The decentralisation system was recommended by :
A) C Rajagopalachari
B) J B Kripalani
C) Balwant Rai Mehta
D) Ashok Mehta

182) The development process under Capitalism has been described as 'Creative Destruction' by
A) Schumpeter
B) Karl Marx
C) Hansen
D) J S Mill

183) The effect of inflation on tax revenue results in a situation known as :
A) stagflation
B) fiscaldrag
C) reflation
D) disinflation

184) The existence of a Parallel Economy or Black Money
A) Makes the economy more competitive
B) Makes the monetary policies less effective
C) Ensures a better distribution of income and wealth
D) Ensures increasing productive investment

185) The face value of money is more than the intrinsic value for
A) Bank money
B) Optional money
C) Token money
D) Subsidiary money

186) The first attempt to initiate economic planning in India was made by:
A) Balwantrai Mehta
B) Vallabhbhai Patel
C) M. Visvesvaraya
D) Jawaharlal Nehru

187) The first Bank established in India was:
A) Punjab National Bank
B) Traders Bank
C) State Bank of India
D) Bank of Hindustan

188) The growth rate of agricultural production was negative in the:
A) First Plan
B) Second Plan
C) Third Plan
D) Fourth Plan

189) The highest denomination of currency notes in circulation as legal tender in India is at present:
A) Rs 100
B) Rs 500
C) Rs 1000
D) Rs 2000

190) The highest foreign exchange earners have been the export of
A) engineering goods
B) gems and jewellery
C) minerals
D) tea