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Deficit financing implies :

  • printing new currency notes
  • public revenue in excess of public expenditure
  • public expenditure in excess of public revenue
  • replacing new currency with worn out currency

Answer: Option C

Similar Questions :

1. Which five year plan focused on "Growth with social justice and equity".

  • Ninth Five Year Plan
  • Eight Five Year Plan
  • Seventh Five Year Plan
  • Sixth Five Year Plan

Answer: Option A

2. Which state is the biggest tea producer in the country ?

  • Andhra Pradesh
  • Sikkim
  • Assam
  • West Bengal

Answer: Option C

3. Iron and steel industry started in India in the year ?

  • 1855
  • 1860
  • 1865
  • 1870

Answer: Option D

Explanation:

Iron and steel industry started in India in the year 1870, when Bengal Iron Works company established its plant in Kulti, West Bengal.

4. Sales Tax is

  • Direct Tax
  • Indirect Tax
  • Tax imposed by central government
  • Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

5. Approx __ % of Indian population is still Agriculturist.

  • 46%
  • 50%
  • 58%
  • 64%

Answer: Option C

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