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Q:

Which plan gave emphasis on removal of poverty for the first time

A) Fourth B) Fifth
C) Sixth D) Seventh

Answer:   B) Fifth

Explanation:
Subject: Indian Economy
Q:

Full convertibility of a rupee means ?

A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply B) Repayment of loans in terms of rupees
C) Payment for imports in terms of rupees D) Purchase of foreign exchange for rupees freely
 
Answer & Explanation Answer: A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Explanation:
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Exam Prep: Bank Exams , CAT
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2 48
Q:

The term stagflation refers to a situation where ?

A) Growth has no relation with the change in prices B) Rate of growth is faster than the rate of price increase
C) Rate of growth is slower than the rate of price increase D) Rate of growth and prices both are decreasing
 
Answer & Explanation Answer: C) Rate of growth is slower than the rate of price increase

Explanation:

Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

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2 81
Q:

Who among the following presented union budget maximum number of times ?

A) P. Chidambaram B) Pranab Mukerji
C) R.V. Shanmukham chetty D) Morarji Desai
 
Answer & Explanation Answer: D) Morarji Desai

Explanation:

Morarji Desai, the former finance , prime minister had presented the Union budget for 10 times.

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3 81
Q:

Which of the following is / are fund managers for National Pension System (NPS) in 2017 ?

A) Axis provident fund B) Yes bank pension fund
C) ICICI prudential pension D) Punjab National provident fund
 
Answer & Explanation Answer: C) ICICI prudential pension

Explanation:

At present in 2017, there are only seven NPS fund managers viz. HDFC Pension Fund, ICICI Prudential Pension, Kotak Pension Fund, LIC Pension Fund,  Reliance Capital Pension, SBI Pension Fund and UTI Retirement Solutions.

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Q:

What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?

A) 6.25 % to 7.5% B) 6.55 % to 7.25%
C) 6.55 % to 7.5% D) 6.75 % to 7.5%
 
Answer & Explanation Answer: D) 6.75 % to 7.5%

Explanation:

The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.

 

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