Question 31 : The association of the rupee with pound sterling as the intervention currency was broken in
1. 1990
2. 1991
3. 1992
4. 1993
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Question 32 : Subsidies mean
1. payment by government for purchase of goods and services
2. payment made by business enterprises to factors of production
3. payment made by companies to shareholders
4. payment made by the government to business enterprises[comma] without buying any goods and services
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Question 33 : Deficit financing leads to inflation in general, but it can be checked if
1. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
2. only aggregate demand is increased
3. all the expenditure is denoted national debt payment only
4. All of the above
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Question 34 : Which of the following is not viewed as a national debt?
1. Provident Fund
2. Life Insurance Policies
3. National Saving Certificate
4. Long-term Government Bonds
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Question 35 : The co-operative credit societies have a
1. two-tier structure
2. three-tier structure
3. four-tier structure
4. five-tier structure
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Question 36 : The first wholly Indian Bank was set up in
1. 1794
2. 1894
3. 1896
4. 1902
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Question 37 : Excise duty is a tax levied on the
1. import of goods
2. export of goods
3. production of goods
4. sale of goods
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Question 38 : In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
1. Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
2. Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
3. Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
4. Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
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Question 39 : Reserve Bank of India was nationalized in the year
1. 1935
2. 1945
3. 1949
4. 1969
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Question 40 : If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
1. zero
2. equal to government income
3. larger than government income
4. negative
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