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Recently, Stock market regulator SEBI has imposed trade restrictions on 331 firms which are suspected of being “shell companies”. Which of the following is NOT an activity generally carried out using shell companies?
[A] Trade and normal business
[B] Financial manoevour for some unstated objectives
[C] Illegal financial activities
[D] Violation of intellectual rights and propertiesShow Answer
A.Trade and normal business -
Which among the following is the largest foodgrain producing state of India?
[A] Uttar Pradesh
[B] Punjab
[C] Madhya Pradesh
[D] RajasthanShow Answer
A.Uttar Pradesh -
In the abbreviation APEDA, what does P stand for ?
[A] Pisciculture
[B] Products
[C] Processed Food Products
[D] PromotionShow Answer
C.Processed Food Products -
Which year is known for BOP crisis in Indian Economy?
[A] 1990
[B] 1991
[C] 1995
[D] 1999Show Answer
B.1991 -
A Bank included in the second schedule of RBI is called as _________?
[A] Scheduled Bank
[B] Commercial Bank
[C] National Bank
[D] Regional Rural BankShow Answer
A.Scheduled Bank -
If a commodity has more number of substitutes, the demand for this commodity will be _______?
[A] more elastic
[B] less elastic
[C] inelastic
[D] perfectly elasticShow Answer
A.more elastic -
Which among the following are two maximum revenue yielding groups of Indirect taxes in India?
[A] Custom and General Sales Tax
[B] Union Excise Duties and General Sales tax
[C] Union Excise Duties and Customs
[D] Union Excise duties and state Excise dutiesShow Answer
B.Union Excise Duties and General Sales tax -
In India, the Foreign Exchange Reserves are kept in the custody of which among the following?
[A] Ministry of Finance
[B] EXIM bank
[C] Reserve Bank of India
[D] Selected Public Sector BanksShow Answer
C.Reserve Bank of India -
Inflation Indexed Bonds is pegged to ___?
[A] WPI
[B] CPI
[C] Both WPI and CPI
[D] None of the aboveShow Answer
A.WPI -
Which among the following is a correct definition of the “Inflationary gap”?
[A] The difference between total spending at full employment level and total spending above that level.
[B] The difference between the price of a product at a time and price of that product at some different time
[C] Difference between the national expenditure and total expenditure
[D] Difference between Estimated fiscal deficit and actual fiscal deficitShow Answer
A.The difference between total spending at full employment level and total spending above that level.
