Indian Economy

21. The currency convertibility concept in its original form originated in

A. Wells Agreement
B. Bretton Woods Agreement
C. Taylors Agreement
D. None of the above

Correct Answer: B. Bretton Woods Agreement

22. In the state of India, the State Financial Corporation have given assistance mainly to develop

A. agricultural farms
B. cottage industry
C. large-scale industries
D. medium and small-scale industries

Correct Answer: D. medium and small-scale industries

23. The central co-operative banks are in direct touch with

A. farmers
B. state co-operative banks
C. land development banks
D. central government

Correct Answer: B. state co-operative banks

24. The first wholly Indian Bank was set up in

A. 1794
B. 1894
C. 1896
D. 1902

Correct Answer: B. 1894

25. States earn maximum revenue through

A. land revenue
B. custom revenue
C. commercial taxes
D. excise duties on intoxicants

Correct Answer: C. commercial taxes

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