Economics - Questions & Answers | Exam2Win

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101. IRDP stands for

A. Integrated Regional Development Programme

B. International Rural Development Programme

C. Integrated Rural Development Programme

D. None of these

Explanation:

102. Equilibrium income is that level at which

A. the community is spending exaqctly all of its income on consumption

B. the amount which society wishes to spend on investment is equal to the amount of its income which it does not wish to spend on consumption

C. actual saving is equal to actual investment

D. full employment exists

Explanation:

103. Which of the following organisations has recently rated India as the sixth largest economy in the world ?

A. World Bank

B. Asian Development Bank

C. European Economic Community

D. International Monetary Fund

Explanation:

104. Which of the following is not true about the Reserve Bank of India ?

A. It formulates the monetay policy of India.

B. It regulates the currency and credit system of India

C. It maintains the exchange value of the rupee.

D. One rupee notes and coins are issued by RBI

Explanation:

105. The long term fiscal policy proposes to maintain the stability of

A. Direct tax rates

B. Indirect tax rates

C. Ratio of tax revenue to national income

D. Ratio of direct tax-revenue to revenue from indirect taxes.

Explanation: