Indian Economy

36. Since the inception of the co-operative movement, rural credits has been

A. institutionalized
B. rationalized
C. cheapened
D. All of the above

Correct Answer: D. All of the above

37. If an economy is an equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

A. zero
B. equal to government income
C. larger than government income
D. negative

Correct Answer: B. equal to government income

38. The co-operative credit societies have a

A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure

Correct Answer: B. three-tier structure

39. Regional rural banks

I. have limited area of operation
II. have free access to liberal refinance facilities from NABARD
III. are required to lend only to weaker sections

A. I, III
B. II, III
C. I, II, III
D. I, II

Correct Answer: D. I, II

40. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A. 1984
B. 1986
C. 1987
D. 1989

Correct Answer: C. 1987

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