Economics Topics
Undergraduate level — Economics
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Microeconomics
Macroeconomics
Indian Economy
Bihar Economy
Budget & Fiscal Policy
quiz Questions
Q11
Inflation means sustained rise in
General price level
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
Inflation is persistent increase in overall price level.
Q12
Deflation means
Sustained fall in general price level
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
Deflation is opposite of inflation.
Q13
Stagflation means simultaneous
Inflation and unemployment
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
Stagflation combines high inflation with slow growth and unemployment.
Q14
The central bank of India is
Primary deficit
Revenue deficit
Fiscal deficit
Reserve Bank of India
Explanation
RBI is India central monetary authority.
Q15
RBI was nationalized in
Fiscal deficit
Revenue deficit
Primary deficit
1949
Explanation
RBI started in 1935 and was nationalized in 1949.
Q16
Repo rate is the rate at which RBI lends to
Primary deficit
Commercial banks
Revenue deficit
Fiscal deficit
Explanation
Banks borrow short-term funds from RBI at repo rate.
Q17
Reverse repo rate is the rate at which RBI borrows from
Primary deficit
Fiscal deficit
Commercial banks
Revenue deficit
Explanation
Under reverse repo, banks park surplus funds with RBI.
Q18
CRR stands for
Fiscal deficit
Primary deficit
Revenue deficit
Cash Reserve Ratio
Explanation
CRR is fraction of deposits banks keep with RBI in cash.
Q19
SLR stands for
Primary deficit
Fiscal deficit
Statutory Liquidity Ratio
Revenue deficit
Explanation
SLR is proportion of deposits kept in liquid assets.
Q20
Fiscal deficit is the excess of total expenditure over
Fiscal deficit
Revenue deficit
Total receipts excluding borrowings
Primary deficit
Explanation
Fiscal deficit indicates borrowing requirement of government.