Economics Quiz Questions 

1.The National Bank of Agriculture & Rural Development (NABARD) was set up in:
 A. 1979
 B. 1980
 C. 1981
 D. 1982
 
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2.Who was the first Indian Governor of the Reserve Bank of India?
 A. C. D. Deshmukh
 B. Sachindra Ray
 C. S. Mukherjee
 D. None of these
 
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3.In India, the first bank of limited liability manages by Indians and founded in 1881 was:
 A. Hindustan Commercial Bank
 B. Oudh Commercial Bank
 C. Punjab and Sind Bank
 D. Punjab National Bank
 
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4.The Budget Deficit means:
 A. Difference between all the receipts and all the expenditure
 B. Difference between revenue receipts and revenue expenditure
 C. Fiscal deficit less interest payments
 D. The excess of total expenditure, including loans, net of lending over revenue receipts
 
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5.Planning may be defined as the conscious and deliberate choice of economic priorities by some public authority is view of:
 A. Barbar Wooton
 B. Charles Bettlenheim
 C. Lionel Robbins
 D. Prof. Durbin
 
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6.Revenue of the state governments are raised from the following sources, except:
 A. Agricultural income tax
 B. Entertainment tax
 C. Expenditure tax
 D. Land revenue
 
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7.Who wrote a book describing the theory of economic drain of India during British rule?
 A. Dadabhai Naoroji
 B. Jawaharlal Nehru
 C. Lala Lajpat Rai
 D. Mahatma Gandhi
 
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8.Who introduced cooperative society in India?
 A. Lord Cornwallis
 B. Lord Curzon
 C. Lord Rippon
 D. Lord Wavell
 
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