Indian Economics MCQ (GK Set-1) with Answers

Foreign aid

Deficit financing

Taxation

Public borrowing

reduction in the value of a currency vis-a-vis major internationally traded currencies

permitting the currency to seek its worth in the international market

fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies

fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

being able to convert rupee into us dollars

freely permitting the conversion of rupee to other major currencies and vice versa

allowing the value of rupee to be fixed by market forces

developing a international market for currencies in india

counterfeit currency

money earned from chit funds

money earned through underhand deals

income on which payment of tax is usually evaded

Chemicals other than fertilizers

Services sector

Food processing

Telecommunication