Indian Economics MCQ (GK Set-1) with Answers

a current account of goods and services only

a capital account of financial assets only

official settlement accounts only

all of these

The money value of final goods and services produced annually in the economy

The money value of annual service generation in the economy

The money value of tangible goods produced annually in the economy

The money value of tangible goods available in the economy

rise in the price of the substitute

fall in the price of the commodity

rise in the income of the consumer

rise in the price of the commodity

deficit budget

reduction in taxation

contraction in volume of money or credit that results in a decline of price level

increase in public expenditure

interest rate charged by moneylenders

interest rate charged by scheduled banks

rate of profit of the banking institution

the official rate of interest charged by the central bank of the country