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Online Economics Quiz Set No - 24

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.

231) What is the effect of Deficit financing?
A) Deflation
B) Recession
C) Inflation
D) Depression

232) What is the main objective of Antyodaya programme?
A) Uplift the poor
B) Uplift the urban poor
C) Uplift the farmer
D) Uplift the landless labour

233) What was the cause of the 'Plan Holiday' in 1960s?
A) Indo-Pak War
B) Indo-Chinese War
C) The change of the government
D) Natural calamities

234) When central bank buys securities, bank reserves
A) expands
B) contracts
C) remains the same
D) has no impact on the reserves

235) When was decimal coinage introduced in India?
A) 1947
B) 1950
C) 1957
D) 1960

236) When was the decimal system of currency introduced in India?
A) 1948
B) 1950
C) 1954
D) 1957

237) When was the National Bank for Agriculture and Rural Development (NABARD) set up?
A) 1975
B) 1980
C) 1982
D) 1990

238) When was the Reserve Bank of India taken over by the Government?
A) 1945
B) 1948
C) 1952
D) 1956

239) Which among the following formulates the Fiscal Policy?
A) Ministry of Finance
B) Finance Commission
C) The Reserve Bank of India
D) Planning Commission

240) Which among the following is the oldest Development Financial Institution of India?
A) UTI
B) IDBI
C) ICICI
D) IFCI