81. What is the use of Net National Product (NNP)?

  • (A) To calculate per capita income
  • (B) To calculate exports
  • (C) To calculate balance of payments
  • (D) To calculate imports

82. Which cost is considered for calculating the national income in India?

  • (A) Factor cost
  • (B) Product cost
  • (C) Market cost
  • (D) Sunk cost

83. In India, statutory liquidity ratio is fixed by _____.

  • (A) India Brand Equity Foundation
  • (B) State government
  • (C) Commercial banks
  • (D) Reserve Bank of India

84. The Central Office of the Reserve Bank of India was initially established in which present city in 1935?

  • (A) Delhi
  • (B) Mumbai
  • (C) Kolkata
  • (D) Chennai

85. The relationship between which of the following is correct?

  • (A) NDP at market price = GDP at market price + depreciation
  • (B) Domestic income = NDP at market price + net indirect taxes
  • (C) GDP at market price = price + quantity of final goods and services
  • (D) National income = NDP at factor cost + net factor income from abroad

86. Which of the following options is INCORRECT?

  • (A) Distinguished economists from India and abroad were invited to advise on India’s economic development during the first five-
  • (B) India borrowed the idea of five-year plans from the former Soviet Union.
  • (C) The Planning Commission of India was set up in 1950.
  • (D) The chairmanship of the Planning Commission of India was given to the Prime Minister.

87. National income at constant prices means:

  • (A) income estimated for next year prices
  • (B) income estimated at base year prices
  • (C) income estimated at current year prices
  • (D) income estimated at any year prices

88. _____ 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

89. 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

90. 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

Total Quizz:- 604

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