Since 1990, savings of the household sector in India have been

greater than the savings of the private corporate sector but less than the savings of the public sector
less than the savings of the private corporate sector but more than savings of the public sector
greater than the savings of the private corporate sector as well as the savings of the public sector
less than the savings of the private corporate sector as well as the savings of the public sector

A consumer is at equilibrium when :

slope of the price line is equal to indifference curve
he saves 10% of his income
borrows an amount equal to his income from the bank
none of the above

The objective of selective credit controls is mainly to :

selectively allocate credit to commercial banks
selectively allocate credit among borrowers
regulate the quantity of demand deposits created by commercial banks
regulate the quantity of credit created by commercial banks

Which one of the following is the major characteristic of foreign direct investment (FDI)?

It is non-debt creating capital flow
It is portfolio investment in stock market
It is that investment which involves debt servicing
It is the investment made by foreign institutional investors in government securities

In the case of two perfect substitutes, the indifference curve will be :

straight line
L-shaped
U-shaped
C-shaped

The rapid increase of public debt of the Central Government since 1950-51 has been due to

uncontrolled inflation
mounting shares of state government from revenues raised by the central government
mounting costs of financing public expenditure
rising population

Which one of the following sources of Central revenue belongs to the category of indirect taxes?

Corporation tax
Customs
Wealth tax
Interest Receipts

Which one of the following taxes belongs exclusive to the state government of India?

Income tax
Agricultural tax
Excise tax
Wealth tax

The basic aim of the lead bank scheme is that –

big banks should try to open offices in each district
there should be stiff competition among the various nationalized banks
individual bank should adopt particular districts for intensive development
all the banks should make intensive efforts to mobilize deposits

Which one of the following measures has been accorded the highest priority by the government for checking the inflationary pressure on the economy since 1990?

Revamping the public distribution system.
Correcting the fiscal imbalance by reducing the fiscal deficit as a percentage of GDP
Increasing imports
Devaluation of the rupee

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