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46. Convertibility of the rupee implies
A. Being able to convert rupee notes into gold
B. Freely permitting the conversion of rupee to other major currencies and vice versae
C. Allowing the value of the rupee to be fixed by market forces
D. Development an international market for currencies in India.
Explanation:
47. The cause of inflation is
A. increase in money supply
B. fall in production
C. increase in money supply & fall in production
D. decrease in money supply & fall in production
Explanation:
48. The National Housing Bank is a Subsidiary of
A. Reserve Bank of India
B. NABARD
C. Unit Trust of India
D. Life Insurance Corporation of India
Explanation:
49. In India since Independence
A. the gap between the rich and the poor has been bridged
B. the magnitude of unemployment has decreased
C. poverty has been reduced
D. the rate of savings and investment have gone up
Explanation:
50. Which of the following is the major consideration for initiating a series of measures aimed at liberalising the Indian economy during the last one year ?
A. Import of gold to meet domestic demand
B. Encouragment of foreign equity participation in Indian industries
C. Reduction of excise duty on several consumer goods
D. Import of food to face artificially created scarcity
Explanation:
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