51.
Intervention by the monetary authority of a country in the money market to keep money supply stable against exogenous or
sometimes external shocks is called _____.
(A)
sterilisation
(B)
capitalisation
(C)
conservation
(D)
neutralisation
52.
Which of the following refers to the purchase and sale of government securities?
(A)
Bank rate
(B)
Open market operations
(C)
Reserve ratio
(D)
High powered money
53.
Price control and rationing are direct control measures to check ________.
(A)
disinflation
(B)
deflation
(C)
inflation
(D)
reflation
54.
What is the use of Net National Product (NNP)?
(A)
To calculate per capita income
(B)
To calculate exports
(C)
To calculate balance of payments
(D)
To calculate imports
55.
Which cost is considered for calculating the national income in India?
(A)
Factor cost
(B)
Product cost
(C)
Market cost
(D)
Sunk cost
56.
In India, statutory liquidity ratio is fixed by _____.
(A)
India Brand Equity Foundation
(B)
State government
(C)
Commercial banks
(D)
Reserve Bank of India
57.
The Central Office of the Reserve Bank of India was initially established in which present city in 1935?
(A)
Delhi
(B)
Mumbai
(C)
Kolkata
(D)
Chennai
58.
The relationship between which of the following is correct?
(A)
NDP at market price = GDP at market price + depreciation
(B)
Domestic income = NDP at market price + net indirect taxes
(C)
GDP at market price = price + quantity of final goods and services
(D)
National income = NDP at factor cost + net factor income from abroad
59.
Which of the following options is INCORRECT?
(A)
Distinguished economists from India and abroad were invited to advise on India’s economic development during the first five-
(B)
India borrowed the idea of five-year plans from the former Soviet Union.
(C)
The Planning Commission of India was set up in 1950.
(D)
The chairmanship of the Planning Commission of India was given to the Prime Minister.
