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Economics - Questions and Answers

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256. BOP (Balance of Payment) refers to
A. transactions in the follow of capital
B. transactions relationg to receipts and payments of invisibles
C. transactions relating only to exports and imports
D. systematic record of all its economic transaction with the rest of the world
Explanation:
257. Banks in India were nationalised for the first time in the year
A. 1950
B. 1960
C. 1969
D. 1979
Explanation:
258. National income of India is compiled by
A. Planning Commission
B. Finance Commission
C. Indian Statistical Institute
D. Central Statistical Organisation
Explanation:
259. ""Take off stage"" in an economy means
A. steady growth begins
B. economy is about to collapse
C. economy is about to collapse
D. all controls is are removed
Explanation:
260. Which of the following is a step undertaken by the Government, to reduce Parallel Economy in India :
A. Value Added Tax (VAT)
B. Voluntary Disclosure Scheme (VDS)
C. Programme of Action (POA)
D. Sick Industrial Companies ACT (SICA)
Explanation: