General Studies Topics
Postgraduate level — General Studies
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Tamil Nadu History
TN Geography
Indian Polity
Economy
Development Admin
quiz Questions
Q91
RBI was nationalized in
1949
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
RBI started in 1935 and was nationalized in 1949.
Q92
Repo rate is the rate at which RBI lends to
Primary deficit
Fiscal deficit
Revenue deficit
Commercial banks
Explanation
Banks borrow short-term funds from RBI at repo rate.
Q93
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.
Q94
CRR stands for
Cash Reserve Ratio
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
CRR is fraction of deposits banks keep with RBI in cash.
Q95
SLR stands for
Statutory Liquidity Ratio
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
SLR is proportion of deposits kept in liquid assets.
Q96
Fiscal deficit is the excess of total expenditure over
Total receipts excluding borrowings
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
Fiscal deficit indicates borrowing requirement of government.
Q97
Revenue deficit is
Revenue deficit
Primary deficit
Fiscal deficit
Revenue expenditure minus revenue receipts
Explanation
Revenue deficit shows shortfall in current account of budget.
Q98
The process of reducing fiscal deficit is called
Revenue deficit
Fiscal consolidation
Primary deficit
Fiscal deficit
Explanation
Fiscal consolidation aims at sustainable public finances.
Q99
The budget is presented in Parliament by
Revenue deficit
Primary deficit
Finance Minister
Fiscal deficit
Explanation
Union Budget is presented annually by Finance Minister.
Q100
GST in India was implemented from
Fiscal deficit
Primary deficit
1 July 2017
Revenue deficit
Explanation
Goods and Services Tax started from 1 July 2017.