ECONOMY MCQS SET 67

ECONOMY MCQS SET 67

661) Reserve Bank of India
A) provides direct finance to agriculture
B) provides finance to primary cooperative societies
C) provides finance to State cooperative banks
D) does not provide finance to agriculture
Answer:  provides direct finance to agriculture
   
662) National Income accounting is study of income and expenditure of the entire
A) family
B) state
C) economy
D) organisation
Answer:  economy
   
663) Agricultural income-tax is a source of revenue to
A) Central Government
B) State Governments
C) Local Administration
D) Central and State Government
Answer:  State Governments
   
664) Beyond a certain limit, a deficit financing will certainly lead to
A) inflation
B) deflation
C) recession
D) economic stagnation
Answer:  inflation
   
665) To achieve economic self-reliance was the main objective of
A) First plan
B) Second plan
C) Third plan
D) Fourth plan
Answer:  Fourth plan

666) Which of the following is not the instrument of fiscal policy?
A) Bank rate
B) Government expenditure
C) Taxes
D) License fees
Answer:  Bank rate
   
667) Total utility is maximum at a point, then marginal utility is
A) positive
B) zero
C) negative
D) positive but decreasing
Answer:  zero
   
668) The National Income Account includes
A) services of housewives
B) income of smugglers
C) services of sadhus
D) services of night-watchman
Answer:  services of night-watchman
   
669) An increase in national income because of increase in prices is called
A) increase in national income in real terms
B) increase in national income at current prices
C) increase in national income
D) increase in money national income
Answer:  increase in national income at current prices
   
670) Commercialisation of agriculture implies
A) cultivation of timbers
B) plantation
C) production of craps for sale
D) Production of crops like Wheat and rice
Answer:  production of craps for sale