Economic MCQ Questions with answers

11) The central banking functions in India are performed by the

I=Central Bank of India
II=Reserve Bank of India
III=State Bank of India
IV=Punjab National Bank

12) Development expenditure of the Central government does not include

13) ICICI is the name of a

14) Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns :

15) The temporary tax levied to obtain additional revenue is called :

16) What are the two main attributes of a formal organization ?

17) Which is correct with respect to the following ?
If the price of an inferior good falls, its demand :

18) The existence of a Parallel Economy or Black Money :

19) The cause of low per capita income in India is :

20) Which among the following formulates fiscal policy ?