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Economical Systems and Sectors of India

Indian Economy
General Knowledge
Class 7

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Financial, Fiscal and Banking System of India.,Tax and Foreign Trade of India.,Service Sector of India.,Industries and Economics.,Infrastructure and Foreign Trade.,Indian Currency and Prices.

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Related questions

Consider the following 
1) Currency in Circulation.
2) Banker's deposits with the RBI.
3) Call / Term Funding from Financial Institutions.
4) 'Other' deposits with RBI.
Which of the components given above is / are included in the calculation of Reserve Money in India ?

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Select the correct one /ones about the Banking Financial Supervision (BFS) in India 
1 . The RBI performs Financial supervision function under the guidance of the Board for Financial Supervision (BFS) .
2 .Primary objective of BFS is to undertake consolidate supervision of the financial sector comprising commercial banks , financial institution and non-banking finance companies .

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The financial sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?
All regulators will have an empowered Board, the role of each of the members has been defined.
The commission envisages an important process of judicial review of the regulations.
The draft code does not mention about executive powers.
Select the correct answer using the codes given below,

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Consider the following statements
1. Packaging machinery industry, like other industrial machinery, is allowed for 100% FDI under automatic approval.
2. Food processing machinery can be classified under the general category of industrial machinery which is de-licensed under the current industrial policy and qualifies for 100% FDI under automatic approval.
Which of the statements given above is/are correct?

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Consider the following statements .
Regional Rural Banks
1 . have limited area of operations .
2 . have free access to liberal refinance facilities with NABARD .
3 . are required to lend only to weaker sections.
Which of the statement given above is / are correct ? 

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Which one of the following laws stated that bad money drives out good if their exchange rate is set by law?

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Consider the following statements
1.Less than of the country's trade by volume is moved by sea.
2. India has the largest merchant shipping fleet among the developing countries.
 Which of the statements given above is/are correct?

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Which one of the liquidity aggregates as per the recommendations of the Working Group on Money Supply : Analytics and Methodology of Compilation, includes the public Deposits of Non-banking Financial Companies ?

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Octroi is levied and collected by 

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 Consider the following
1. Fringe Benefit Tax
2. Interest Tax
3. Securities Transaction Tax
Which of the mentioned above are Direct tax/taxes ?

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