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⁞ Economics

General Science ➤ Economics ➤ 2
Question 1
Q1.  The central banking functions in India are performed by the
 

Answer :  Reserve Bank of India


The Reserve Bank of India (RBI) is India's central bank, which controls the issuance and supply of the Indian rupee. RBI is the regulator of entire Banking in India . RBI plays an important part in the Development Strategy of the Government of India .
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Question 2
Q2.   ICICI is the name of a
 

Answer :  financial institution


CICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994. The parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry. The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank. The parent company was later merged with the bank.
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Question 3
Q3.  In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
 

Answer :  Telecommunication


In the last one decade, Telecommunication sectors has attracted the highest foreign direct investment inflows into India.
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Question 4
Q4.  Devaluation of a currency means
 

Answer :  reduction in the value of a currency vis-a-vis major internationally traded currencies


Devaluation of a currency means reduction in the value of a currency vis-a-vis major internationally traded currencies.
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Question 5
Q5.  Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
1. interest payments
2. subsidies
3. defence
4. irrigation
 

Answer :  1, 2, 3


Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments, subsidies, defence.
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