General Knowledge

ISBT General Knowledge for all banking PO,Clerk,IBPS PO,Railway,SSC,IAS,OAS Exams

Q31.	Which two of the following taxes are indirect taxes ?

1)	sales-tax and income-tax	2)	income tax and wealth tax
3)	sales tax and excise duty	4)	Income tax and excise duty

Q32.	Which of the following is not one of the features of India's economic planning ?

1)	Limited Centralisation	2)	Planning of imperative nature
3)	Democratic Solution	4)	Planning of imperative nature

Q33.	Which of the following means Deficit Financing ?

1)	Government expenditure minus revenue receipts	2)	Government expenditure minus borrowing
3)	Budget deficit minus borrowing and liabilities	4)	Budget deficit

Q34.	Which of the following is the best expressions of Fiscal deficit in the budget ?

1)	Revenue deficit plus the net borrowings of the government	2)	Budgetary deficit plus the net borrowings of the government
3)	capital deficit plus revenue deficit	4)	primary deficit minus capital deficit

Q35.	Which of the following is not an objective of the monetary policy of the RBI ?

1)	Direct credit in desirable direction	2)	Boost economic development
3)	Ensure social justice	4)	Control inflationary pressure

Q36.	The situation with increasing unemployment and inflation is termed as -

1)	hyperinflation	2)	galloping inflation
3)	stagflation	4)	reflation

Q37.	Gross domestic capital formation is defined as

1)	net addition to stock after depreciation	2)	production exceeding demand
3)	expenditure incurred on physical assets only	4)	flow of expenditure devoted to increased or maintaining of the capital stock

Q38.	Devaluation of a currency means

1)	permitting the currency to seek its worth in the international market	2)	fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
3)	fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners	4)	reduction in the value of a currency vis-a-vis major internationally traded currencies

Q39.	Inflation in India is measured on which of the following indexes/ indicators ?

1)	Consumer Price Index (CPI)	2)	Wholesale Price Index (WPI)
3)	Cost of Living Index (COLI)	4)	Gross Domestic Product (GDP)

Q40.	The RBI issues currency notes under the -

1)	Fixed Fiduciary System	2)	Maximum Fiduciary System
3)	Fixed Minimum Reserve System	4)	Proportional Reserve System