UG-CLAT entrance exam Question Bank Solutions

Census takes place in India

Who among the following was the Chairman of Sixth Pay  Commission?

Excess of the money supply as compared to the supply of goods results in

What is the sequence in which the Indian economy has undergone the process of convertibility?

I. Rupee floated on the trade account. 
II. Part convertibility under a dual exchange rate system. 
III. Introduction of Exim scrips. 
IV. Rupee made convertible on the current account. 

Which of the following currency exchange rate mechanisms has been adopted by India?

The National Income estimates of India are prepared by

A very rapid growth in prices in which money loses its value  to the point where even barter may be preferable is known as

In 2012-13, India's target is to restrict the fiscal deficit to x%  of the GDP, where x is:

In the name P Chidambaram, the present Union Finance  Minister, what does 'P' stands for?

The functions of the Reserve Bank of India are:
I. issuing all notes and coins 
II. distributing all notes and coins 
III. formulating monetary policy 
IV. acting as an agent of the government in respect of India’s  membership of the IMF 

What do you understand by Bear Raid? 

Which one of the following measures is not likely to aid in improving India's balance of payment position?

Economic growth rate projected by the IMF for India in the  fiscal year 2014-15 is

What is known as Jasmine Revolution?

In March 2019, RBI has allowed White Level ATM  Operators to buy wholesale cash, above a threshold of ___________pieces of any denomination. directly from the Reserve Bank and Currency Chests against full payment.

The blood enters the aorta from

Who propounded the 'market law'?

Which of the following body estimation national income in India?

Net National Product (NNP) of a country is

GDP at factor cost is