Indian Economy Topics
Postgraduate level — Indian Economy
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filter_alt Topics
National Income
Banking & RBI
Fiscal Policy
Agriculture & Industry
Economic Reforms
quiz Questions
Q51
Stagflation means simultaneous
Inflation and unemployment
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
Stagflation combines high inflation with slow growth and unemployment.
Q52
The central bank of India is
Reserve Bank of India
Fiscal deficit
Revenue deficit
Primary deficit
Explanation
RBI is India central monetary authority.
Q53
RBI was nationalized in
Revenue deficit
Fiscal deficit
Primary deficit
1949
Explanation
RBI started in 1935 and was nationalized in 1949.
Q54
Repo rate is the rate at which RBI lends to
Revenue deficit
Fiscal deficit
Commercial banks
Primary deficit
Explanation
Banks borrow short-term funds from RBI at repo rate.
Q55
Reverse repo rate is the rate at which RBI borrows from
Commercial banks
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
Under reverse repo, banks park surplus funds with RBI.
Q56
CRR stands for
Primary deficit
Revenue deficit
Fiscal deficit
Cash Reserve Ratio
Explanation
CRR is fraction of deposits banks keep with RBI in cash.
Q57
SLR stands for
Statutory Liquidity Ratio
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
SLR is proportion of deposits kept in liquid assets.
Q58
Fiscal deficit is the excess of total expenditure over
Fiscal deficit
Primary deficit
Revenue deficit
Total receipts excluding borrowings
Explanation
Fiscal deficit indicates borrowing requirement of government.
Q59
Revenue deficit is
Revenue expenditure minus revenue receipts
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
Revenue deficit shows shortfall in current account of budget.
Q60
The process of reducing fiscal deficit is called
Fiscal deficit
Fiscal consolidation
Revenue deficit
Primary deficit
Explanation
Fiscal consolidation aims at sustainable public finances.