91. Which city has been identified as the hottest (i.e., first ranking) outsourcing destination in the world?
92. Which one of the following statement is correct with reference to FEMA in India?
- A. The Foreign Exchange Regulating Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
- B. FERA was given a sunset clause of one year till 31st May,2002 to enable Enforcement Directorate to complete the investigation of
- C. Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence
- D. As per the new dispensation Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange ru
- Check Answer | Discussion
93. The term National income represents
- A. gross national product at market prices minus depreciation
- B. gross national product at market prices minus depreciation plus net factor income from abroad
- C. gross national product at market prices minus depreciation and indirect taxes plus subsidies
- D. gross national product at market prices minus net factor income from abroad
- Check Answer | Discussion
94. BPO (Balance of Payment)refers to
- A. transactions in the flow of capital
- B. transactions relating to receipts and payment of invisibles
- C. transactions relating only to exports and imports
- D. systematic record of all its economic transaction with the rest of the world
- Check Answer | Discussion
95. In India inflation is measured by the
- A. WPI
- B. Consumer Price Index for urban non-manual workers
- C. National Income Deflation
- D. Consumer Price Index for urban non-manual workers
- Check Answer | Discussion
96. The RBI keeps on modifying various rates/ratios to keep the flow of liquidity in the market in a balanced situation. Which of the following is not directly controlled by RBI?
97. Which of the following is not an asset held by Commercial Banks?
- A. Bill of exchange
- B. Current account deposits
- C. Credit balances with the Reserve Bank
- D. Money lent at short notice
- Check Answer | Discussion
98. The Economic Survey 2010-2011 has suggested the creation of National Forest Land Bank to
- A. settle disputes between agitating farmers and POSCO in Odisha
- B. resolve differences between nodal ministries like coal and power and the Ministry of Environment
- C. meet the UP farmers, demands for higher compensation
- D. provide relief to the farmers of Vidarbha in Maharashtra
- Check Answer | Discussion
99. Increase in net RBI credit for Central Government represents
100. The recommendations of the Finance Commission are
- A. binding on the government
- B. accepted or rejected by the government according to its convenience
- C. generally accepted as a matter of convention
- D. not binding on the government
- Check Answer | Discussion
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