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346. Bank Rate implies the rate of interest
A. paid by RBI on the Deposits of Commercial Banks
B. Charged by Banks on loans and advances
C. payable on Bonds
D. At which RBI discounts the Bills of Exchage.
Explanation:
347. The main reason for low growth rate in India, inspite of high rate of saving and capital formation is
A. high birth rate
B. low level of foreign aid
C. low capitak / output ratio
D. high capital / output ratio
Explanation:
348. Who defined economics as the study of the relationship between unlimited wants and scare resources ?
A. J.M. Keynes
B. Jan Timbergen
C. Lionel Robbins
D. Frederick von Hayek
Explanation:
349. The propounder of the ""Law of Market"" is
A. J.B. Say
B. A.C. Pigou
C. T.R. Malthus
D. Ricardo
Explanation:
350. Which of the following programme was emphasised in the 20 point Economic Programme of Rajiv Gandhi ?
A. Land reforms
B. Guarantee of employment
C. Rural power supply
D. Food for work programme
Explanation:
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