8
Q:

The Standard of living in a country is represented by its

A) Poverty Ratio B) Per Capita Income
C) National Income D) Unemployment Rate

Answer:   B) Per Capita Income



Explanation:
Subject: Indian Economy
Q:

Fiscal Policy is concerned with

A) Government Spending and Taxation B) Money Supply
C) Government Spending, Money Supply and Taxation D) Taxation
 
Answer & Explanation Answer: A) Government Spending and Taxation

Explanation:

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

 

    • Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

 

    • Fiscal policy is the collective term for the taxing and spending actions of governments.

 

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4 63
Q:

In India, planned economy is based on

A) Mixed Economy System B) Capitalist System
C) Gandhian System D) Socialist System
 
Answer & Explanation Answer: D) Socialist System

Explanation:
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9 244
Q:

ANBC full form is?

Answer

ANBC refers to Adjusted Net Bank Credit, is Net Bank Credit added to investments made by banks in non-SLR bonds (in held-to-maturity) or it is the credit equivalent of off-balance - sheet exposures, whichever is higher.


Net Bank Credit = Outstanding bank credits in India (-) Bills rediscounted with RBI/approved financial institutions.

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Subject: Indian Economy Exam Prep: Bank Exams , CAT , GATE
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10 241
Q:

What is Rank of India in World business optimism ranking?

A) 4th B) 6th
C) 5th D) 7th
 
Answer & Explanation Answer: D) 7th

Explanation:

India slips to 7th position on the business optimism ranking.

The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.

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12 439
Q:

GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.

A) 125 B) 87
C) 100 D) 50
 
Answer & Explanation Answer: D) 50

Explanation:

The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.  

Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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7 408
Q:

India has ranked _____ rank in World Bank's 'Ease of doing business' index.

A) 100 B) 101
C) 99 D) 102
 
Answer & Explanation Answer: A) 100

Explanation:
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14 409
Q:

Which Rating agency has projected India’s GDP growth rate to 6.9 percent for the financial year 2017-18 ?

A) NOMURA B) ONICRA
C) FITCH D) ICRA
 
Answer & Explanation Answer: C) FITCH

Explanation:
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12 968
Q:

India Ratings has lowered India's growth forecast for the current fiscal to ________ from 7.4 per cent.

A) 6.3 per cent B) 6.6 per cent
C) 6.7 per cent D) 6.4 per cent
 
Answer & Explanation Answer: C) 6.7 per cent

Explanation:
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13 476