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Questions and Answers
What is the objective of the Government's budget in terms of income distribution?
What is the objective of the Government's budget in terms of income distribution?
- Managing general price level
- Controlling production of goods and services
- Increasing GDP
- Rationalizing taxes in pro-poor direction (correct)
What does the Balance of Payments record for an economy?
What does the Balance of Payments record for an economy?
- Inflow and outflow of loans to/from the rest of the world
- Income and expenditure of the government
- Inflow and outflow of funds of the government
- Inflow and outflow of foreign exchange to/from the economy (correct)
Which bank does not interact directly with the general public?
Which bank does not interact directly with the general public?
- Reserve Bank of India (correct)
- Bank of India
- State Bank of India
- Central Bank of India
Which of the following is not an example of 'invisible item' under Current Account of the Balance of Payments transactions?
Which of the following is not an example of 'invisible item' under Current Account of the Balance of Payments transactions?
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Which statement is true about demonetization in India?
Which statement is true about demonetization in India?
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