Indian Economy

71. Deficit financing implies

A. printing new currency notes
B. replacing new currency with worn out currency
C. public expenditure in excess of public revenue
D. public revenue in excess of public expenditure

Correct Answer: C. public expenditure in excess of public revenue

72. In which of the following sequences the change in the quantity of money leads to change in the price level in the Keynesian models?

A. Change in the quantity of money – change in investment – change in employment and output – change in rate of interest – change in price level
B. Change in the quantity of money – change in employment and output – change in investment – change in the rate of interest – change in price level
C. Change in quantity of money – change in investment – change in rate of interest – change in employment and output – change in price level
D. Change in quantity of money – change in rate of interest – change in investment – change in employment and output – change in price level

Correct Answer: D. Change in quantity of money – change in rate of interest – change in investment – change in employment and output – change in price level

73. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

A. 80 percent
B. 83 percent
C. 90 percent
D. 100 percent

Correct Answer: D. 100 percent

74. Which of the following is not a part of machinery that settles industrial disputes?

A. Wage Court
B. Works Committee
C. Conciliation officers
D. Board of Conciliation

Correct Answer: A. Wage Court

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