Indian Economy

66. 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 the process?

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

Correct Answer: D. Rs 300

67. Paper currency first started in India in

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

Correct Answer: A. 1861

68. The ARDC is now a branch of the

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

Correct Answer: B. NABARD

69. Devaluation of currency leads to

A. fall in domestic prices
B. increase in domestic prices
C. no impact on domestic prices
D. erratic fluctuations in domestic prices

Correct Answer: B. increase in domestic prices

70. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to

A. ARDC
B. SBI
C. NABARD
D. PACs

Correct Answer: C. NABARD

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