Indian Economy

41. The current price index (base 1960) is nearly 330. This means that

A. all items cost 3-3 times more than what they did in 1960
B. the prices of certain selected items have gone up to 3-3 times
C. weighted means of prices of the certain item has increased 3-3 times
D. gold price has gone up 3-3 times

Correct Answer: C. weighted means of prices of the certain item has increased 3-3 times

42. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

A. 1000 rupee
B. 500 rupee
C. 100 rupee
D. All of the above

Correct Answer: D. All of the above

43. Devaluation of currency will be more beneficial if

A. prices of domestic goods remain constant
B. prices of exports remain constant
C. prices of imports remain constant
D. prices of exports rise proportionately

Correct Answer: B. prices of exports remain constant

44. Of the gross tax revenue of the Union Government, the indirect taxes account for nearly

A. 70 percent
B. 75 percent
C. 65 percent
D. 60 percent

Correct Answer: C. 65 percent

45. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

A. Statutory Bank Ratio (SBR)
B. Statutory Liquid Ratio (SLR)
C. Central Bank Reserve (CBR)
D. Central Liquid Reserve (CLR)

Correct Answer: B. Statutory Liquid Ratio (SLR)

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