This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Planning > Fiscal System Of India – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Fiscal System Of India Quiz 4 (8 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The 'gilt-edged' market deals in : [UP PCS 2002] A) Worn and torn currency notes. B) Bullion. C) Govt. securities. D) Corporate bonds. Show Answer Correct Answer: B) Bullion. 2. The main reason for low growth rate in India, inspite of high rate of savings and capital formation is: [IAS 1995] A) Low level of foreign aid. B) Low capital/output ratio. C) High capital/output ratio. D) High birth rate. Show Answer Correct Answer: B) Low capital/output ratio. 3. CENVAT is associated with: A) Rate of indirect tax. B) Rate of income tax. C) Rate of direct tax. D) None of the above. Show Answer Correct Answer: A) Rate of indirect tax. 4. Deficit financing is spending: A) In excess of revenue. B) By getting foreign aid. C) Less than what is needed. D) By borrowing from abroad. Show Answer Correct Answer: A) In excess of revenue. 5. In economic terms, which of the following factors determine the 'Individual's demand' of a product/commodity? [RBI Grade B Officer 2011] A. Price of a commodity B. Income of the individual C. Utility and quality of a commodity A) Only A. B) Only B. C) Only C. D) Only A & C. E) All A, B, & C. Show Answer Correct Answer: E) All A, B, & C. 6. What happens when CRR is increased? A) It decreases money supply. B) It increases demand of money. C) It decreases inflation. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. In institution that accepts deposits and makes loans is defined as A) A bank. B) Gambling. C) Insurance. D) A loan shark. Show Answer Correct Answer: A) A bank. 8. Among Indian Economists who had done pioneering work on National Income ? A) Jagdish Bhagwati. B) V. K. R.V. Rao. C) P. N. Dhar. D) Prof. Shenoi. Show Answer Correct Answer: B) V. K. R.V. Rao. ← PreviousRelated QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesFiscal System Of India Quiz 1Fiscal System Of India Quiz 2Fiscal System Of India Quiz 3Indian Economic Development Policy QuizIndian Economy And Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books