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