1. The current price index (base 1960) is nearly 330. This means that (3)
- 1. all items cost 3-3 times more than what they did in 1960
- 2. the prices of certain selected items have gone up to 3-3 times
- 3. weighted means of prices of certain item has increased 3-3 times
- 4. gold price has gone up 3-3 times
2. Notes on which denomination has the portrait of Mahatma Gandhi printed on them? (4)
- 1. 1000 rupee
- 2. 500 rupee
- 3. 100 rupee
- 4. All of the above
3. Devaluation of currency will be more beneficial if (2)
- 1. prices of domestic goods remain constant
- 2. prices of exports remain constant
- 3. prices of imports remains constant
- 4. prices of exports rise proportionately
4. Of the gross tax revenue of the Union Government the indirect taxes account for nearly (3)
- 1. 70 per cent
- 2. 75 percent
- 3. 65 percent
- 4. 60 percent
5. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called (2)
- 1. Statutory Bank Ratio (SBR)
- 2. Statutory Liquid Ratio (SLR)
- 3. Central Bank Reserve (CBR)
- 4. Central Liquid Reserve (CLR)
