Question 61 : In India, inflation measured by the
1. Wholesale Price Index number
2. Consumers Price Index for urban non-manual workers
3. Consumers Price Index for agricultural workers
4. National Income Deflation
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Question 62 : The annual yield from which of the following Union Government taxes is the highest?
1. Custom duties
2. Corporation tax and income tax
3. Inheritance tax[comma] wealth tax[comma] interest tax and gift tax
4. Excise duties
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Question 63 : Redistribution polices geared to reduce economic inequalities include
1. progressive tax policies
2. land reforms
3. rural development policies
4. All the above
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Question 64 : The apex body for formulating plans and coordinating research work in agriculture and allied fields is
1. State Trading Corporation
2. Regional Rural Banks
3. National Bank for Agriculture and Rural Development (NABARD)
4. Indian Council of Agricultural Research
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Question 65 : The budget deficit means
1. the excess of total expenditure[comma] including loans[comma] net of lending over revenue receipts
2. difference between revenue receipts and revenue expenditure
3. difference between all receipts and all the expenditure
4. fiscal deficit less interest payments
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Question 66 : In the state of India, the State Financial Corporation have given assistance mainly to develop
1. agricultural farms
2. cottage industry
3. large-scale industries
4. medium and small-scale industries
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Question 67 : The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
1. 1984
2. 1986
3. 1987
4. 1989
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Question 68 : If the RBI adopts an expansionist open market operations policy, this means that it will
1. buy securities from non-government holders
2. sell securities in the open market
3. offer commercial banks more credit in the open market
4. openly announce to the market that it intends to expand credit
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Question 69 : Subsidies mean

1. payment made by companies to shareholders
2. payment made by business enterprises to factors of production
3. payment by government for purchase of goods and services
4. payment made by the government to business enterprises, without buying any goods and services
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Question 70 : Gilt-edged market means

1. bullion market
2. market of government securities
3. market of guns
4. market of pure metals
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