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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. The head quarters of world trade organisation is in

  • Montreal
  • Geneva
  • New jersey
  • Seatle

Answer: Option B

2. National Housing Bank (NHB) was established in ?

  • 1988
  • 1989
  • 1990
  • 1991

Answer: Option A

Explanation:

Its main function is to develop housing finance in the country.

3. Small Industries Development Bank of India (SIDBI) was established in :

  • 1986
  • 1987
  • 1988
  • 1989

Answer: Option D

Explanation:

Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

4. Pradhan Mantri Gramodaya Yojana started in ?

  • 1999
  • 2000
  • 2001
  • 2002

Answer: Option B

Explanation:

It was started to fulfil the basic requirements of rural areas.

5. India is largest producer of Sponge Iron in the world ?

  • True
  • False

Answer: Option A

Explanation:

When ever there is question of True and False, most of times its answer is True, why so? :)

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