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51. Inflation is caused by : (1) (2) (3) (4)
  A.  Increase in supply of goods
  B.  Increase in cash with the government
  C.  Decrease in money supply
  D.  Increase in money supply
     
   
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52. A firm sells new shares worth Rs. 1000 directly to individuals. This trans-action will cause. (1) (2) (3) 14)
  A.  Gross National product to rise by Rs. 1000
  B.  Gross Domestic Product to rise by Rs. 1000
  C.  National Income to rise by Rs. 1000
  D.  No impact on Gross National Product.
     
   
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53. What is the revised upper limit for foreign direct investment in telecom service companies ?
  A.  49 per cent
  B.  51 per cent
  C.  66 per cent
  D.  74 per cent
     
   
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54. Which from the following is not true when the interest rate in the economy goes up ? (1) (2) (3)
  A.  Savings increases
  B.  Lending decreases
  C.  Cost of production increases
  D.  Return on capital increases
     
   
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55. Open market operation refers to (1) (3)
  A.  borrowing by commercial banks from the RBI.
  B.  lending by scheduled banks to non-scheduled banks
  C.  purchase and sale of Government securities by the R.B.I.
  D.  purchase and sale of Government securities by the Central Government.
     
   
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56. Which is the first Public Sector Corporation of independent India? (1) (2) (3) (4)
  A.  Hindustan Steel Corporation, Bhilai
  B.  State Trading Corporation of India
  C.  Food Corporation of India
  D.  Damodar Valley Corporation
     
   
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57. Which one of the following is not considered as an Infrastructure investment? Investment in a: (1) (2) (3)
  A.  Power project
  B.  Railways project
  C.  Telecommunication
  D.  Automobile industry
     
   
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58. Which one of the following currencies has the highest value in terms of rupee ?
  A.  Pound
  B.  Dollar
  C.  Euro
  D.  Saudi Rial
     
   
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59. What is known as the open market operation of the RBI ?
  A.  Buying and selling of stocks
  B.  Auctioning foreign exchange
  C.  Trading in securities
  D.  Transactions in gold
     
   
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60. Which of the following functions as a controller of credit in India ? (1) (2) (3) (4)
  A.  The Central Government
  B.  The Reserve Bank of India
  C.  The State Bank of India
  D.  The Planning Commission
     
   
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