Indian Economy Quiz: Revision | 18 July, 2021

The term “Ind AS” is often seen in news is related to which of the following?

Consider the following statements “Service Area Approach (SAA)”:
1. It is introduced in April 1989 for planned and orderly development of rural and semi-urban areas.
2. It is applicable to Scheduled Commercial Banks only.
Which of the statements given above is/are NOT correct?

Consider the following statements regarding the “Priority Sector Lending (PSL)”:
1. All Indian banks have to follow the compulsory target of priority sector lending (PSL).
2. Indian and Foreign Banks need to lend 40 per cent to the priority sector every year of their total lending.
Which of the statements given above is/are correct?

The word “monetary transmission” often seen in news is related to which of the following?

Consider the following statements regarding nationalization of banks in India:
1. 14 banks with deposits were more than Rs. 50 crore of nationalized in July 1969.
2. 6 banks with deposits were more than Rs. 100 crore of nationalized in April 1980.
Which of the statements given above is/are NOT correct?

Which of the following given below committee recommended organized money market in India for the first time?

Which of the following is/are inflation controlling measures?
1. Supply side measures
2. Cost side measures
3. Easy monetary policy measures
Select the correct answer using the codes given below:

Which of the following is/are used as inflation measuring indices in India?
1. Consumer price index
2. Wholesale price index
3. GDP deflator
Select the correct answer using the codes given below:

National Income refers to

Consider the following statements regarding to tackle unemployment:
1. Adopting an employment-intensive sectoral planning.
2. Regulate technological change to protect and enhance employment.
3. Promote area planning for full unemployment.
Which of the statements given above is/are correct?