61.
_____ is defined as excess of total expenditure over total receipts excluding borrowings during a fiscal year.
(A)
Fiscal deficit
(B)
Income deficit
(C)
Structural deficit
(D)
Gross Primary deficit
62.
What is the primary aim of Regional Rural Banks in India?
(A)
Development of rural economy
(B)
Development of urban economy
(C)
Development of semi-urban economy
(D)
Development of metropolitan economy
63.
Which of the following currency note was discarded by the Government of India in November 2016?
(A)
₹100
(B)
₹200
(C)
₹500
(D)
₹2,000
64.
Which of the following sequences is correct, according to taxonomy?
(A)
Class-Phylum-Family-Order Genus-Species
(B)
Family-Phylum-Class-Order-Genus-Species
(C)
Phylum-Class-Order-Family-Genus-Species
(D)
Class-Phylum-Order-Family-Genus-Species
65.
_____ at Market Price refers to the sum total of factor incomes earned by residents of a country during an accounting year
including net indirect taxes.
(A)
Net Domestic Product (NDP)
(B)
Gross Domestic Product (GDP)
(C)
Gross National Product (GNP)
(D)
Net National Product (NNP)
66.
Which of the following was a feature of the Indian economy before the British rule?
(A)
Prosperous economy
(B)
Self-reliant economy
(C)
Dependent economy
(D)
Independent economy
67.
Which of the following is the correct formula for calculating NNP?
(A)
NNP = GNP – DEPRECIATION
(B)
NNP = GNP + DEPRECIATION
(C)
NNP = GDP – INCOME
(D)
NNP = GDP – DEPRECIATION
68.
The Reserve Bank of India was fully nationalised and owned by the Government of India in which of the following years?
(A)
1949
(B)
1950
(C)
1947
(D)
1948
69.
What is the main objective of Fiscal Responsibility and Budget Management Act (FRBMA), 2003?
(A)
To reduce subsidies
(B)
To increase exports
(C)
To reduce fiscal deficit
(D)
To increase excise duty
70.
Which organisation launched the Indian Customs Compliance Information Portal (CIP) for providing free access to
information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff items in the year 2021?
