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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

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1. Who was the winner of new Rupee symbol contest ?

  • S Ravi Chandra
  • Vijay Singh
  • Anil Agnihotri
  • D Udaya Kumar

Answer: Option D

2. "The Future of India" book is written by

  • Amritya Sen
  • Bimal Jalan
  • Abhishek Nayar
  • Chetan Bhagat

Answer: Option B

3. Gross domestic capital formation is defined as

  • flow of expenditure devoted to increased or maintaining of the capital stock
  • expenditure incurred on physical assets only
  • production exceeding demand
  • net addition to stock after depreciation

Answer: Option D

4. Exise duty is imposed on

  • Sale of an item
  • Production of an item
  • Consumption of an item
  • All of above

Answer: Option B

Explanation:

Exise duty is imposed on Production of an item so it is a commodity tax.

5. 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

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