Tag Archives: Deficit financing






Indian Economy GK Questions and Answers – Part 6

51. The currency convertibility concept in its original form originated in A. Wells Agreement B. Bretton Woods Agreement C. Taylors Agreement D. None of the above Answer: B. Bretton Woods Agreement 52. In the state of India, the State Financial Corporation have given assistance mainly to develop A. agricultural farms B. cottage industry C. large-scale

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Indian Economy GK Questions and Answers – Part 5

41. The current price index (base 1960) is nearly 330. This means that A. all items cost 3-3 times more than what they did in 1960 B. the prices of certain selected items have gone up to 3-3 times C. weighted means of prices of certain item has increased 3-3 times D. gold price has

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Indian Economy GK Questions and Answers – Part 4

31. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to A. ARDC           B. SBI C. NABARD     D. PACs Answer: C. NABARD 32. Deficit financing implies A. printing new currency notes B. replacing new currency with worn out currency C. public expenditure in excess

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