Indian Economy - General Knowledge Questions

1 .
ICICI is the name of a
A)
financial institution
B)
corporation
C)
bureau
D)
chemical industry

Correct Answer :   financial institution

2 .
Deficit financing implies
A)
printing new currency notes
B)
replacing new currency with worn out currency
C)
public expenditure in excess of public revenue
D)
public revenue in excess of public expenditure

Correct Answer :   public expenditure in excess of public revenue

3 .
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

Correct Answer :   defence expenditure

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