General knowledge:: Indian Economy

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Exercise

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11 

The ARDC is now a branch of the

A. RBI B. NABARD
C. IDBI D. SDBI

12 

Paper currency first started in India in

A. 1861 B. 1542
C. 1601 D. 1880

13 

In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?

A. Rs 1000 B. Rs 500
C. Rs 400 D. Rs 300

14 

The budget deficit means

A. the excess of total expenditure, including loans, net of lending over revenue receipts B. difference between revenue receipts and revenue expenditure
C. difference between all receipts and all the expenditure D. fiscal deficit less interest payments

15 

In India, which one among the following formulates the fiscal policy?

A. Planning Commission B. Ministry of Finance
C. Finance Commission D. The Reserve Bank of India

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