UPSC  Economics

171. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

State Bank of India Reserve Bank of India ICICI Bank Life Insurance Corporation of India

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172. What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?

  1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
  2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code given below.

1 only 2 only Both 1 and 2 Neither 1 nor 2

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173. The balance of payments of a country is a systematic record of

All import and export transactions of a country during a given period of time, normally a year Goods exported from a country during a year Economic transaction between the government of one country to another Capital movements from one country to another

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174. The national income of a country for a given period is equal to the

total value of goods and services produced by the nationals sum of total consumption and investment expenditure sum of personal income of all individuals money value of final goods and services produced

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175. The Reserve Bank of India regulates the commercial banks in matters of

  1. liquidity of assets
  2. branch expansion
  3. merger of banks
  4. winding-up of banks
Select the correct answer using the codes given below.

1 and 4 only 2, 3, and 4 only 1, 2, and 3 only 1, 2, 3, and 4

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176. Which of the following measures would result in an increase in the money supply in the economy?

  1. Purchase of government securities from the public by the Central Bank
  2. Deposit of currency in commercial banks by the public
  3. Borrowing by the government from the Central Bank
  4. Sale of government securities to the public by the Central Bank
Select the correct answer using the codes given below:

1 only 2 and 4 only 1 and 3 2, 3, and 4

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177. What does venture capital mean?

A short-term capital provided to industries A long-term start-up capital provided to new entrepreneurs Funds provided to industries at times of incurring losses Funds provided for replacement and renovation of industries

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178. In India, deficit financing is used for raising resources for

economic development redemption of public debt adjusting the balance of payments reducing the foreign debt

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179. In the context of Indian economy, ´┐ŻOpen Market Operations´┐Ż refers to

Borrowing by scheduled banks from the RBI Lending by commercial banks to industry and trade Purchase and sale of government securities by the RBI None of the above

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180. Which of the following are the methods of Parliamentary control over public finance in India?

  1. Placing Annual Financial Statement before the Parliament
  2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill
  3. Provisions of supplementary grants and vote-on-account
  4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office
  5. Introducing Finance Bill in the Parliament
Select the correct answer using the codes given below:

1, 2, 3, and 5 only 1, 2, and 4 only 3, 4, and 5 only 1, 2, 3, 4, and 5

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