Exercise 1

Question 1 :

The central banking functions in India are performed by the

Central Bank of India
Reserve Bank of India
State Bank of India
Punjab National Bank


A). I, II
B). II
C). I
D). II, III
Answer : Option B

Question 2 :

Development expenditure of the Central government does not include


A). defence expenditure
B). expenditure on economic services
C). expenditure on social and community services
D). grant to states
Answer : Option A

Question 3 :

ICICI is the name of a


A). chemical industry
B). bureau
C). corporation
D). financial institution
Answer : Option D

Question 4 :

Gilt-edged market means


A). bullion market
B). market of government securities
C). market of guns
D). market of pure metals
Answer : Option B

Question 5 :

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?


A). Chemicals other than fertilizers
B). Services sector
C). Food processing
D). Telecommunication
Answer : Option D