introduction to indian economy section 3 MCQ Questions & Answers Detailed Explanation

Answer: (a)

Answer: (c)

When the total expenditures of a government is equal to the taxes and other receipts it is a balanced budget. All budgets with either deficits or surpluses are unbalanced.

Answer: (a)

After beating the Maruti 800 over the second half of 2004, the Maruti Alto officially took the title of the bestselling car in India over the Full Year 2005.

Below the Alto at 102,970 units, the Hyundai Santro (aka Atos), built-in India, took the 2nd spot over the period at 73,822 sales and the Tata Indica was 3rd with 70,267 sales.

Answer: (a)

Answer: (a)

A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement.

This can be in the form of cash, equity, and other benefits, and is often accompanied by accelerated vesting of stock options.

Answer: (c)

The Reserve Bank of India has the sole right to issue banknotes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as an agent of the Government.

The system as it exists today is known as the minimum reserve system.