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Deficit financing means that the government borrows money from the ?

  • Revenue Department
  • World Bank
  • RBI
  • None of above

Answer: Option C

Similar Questions :

1. Industrial Finance Corporation of India (IFCI) was established in :

  • 1946
  • 1947
  • 1948
  • 1949

Answer: Option C

Explanation:

Industrial Finance Corporation of India (IFCI) was established in 1948,
Its main functions are Project Finance and Promotional services.

2. The bank which has the highest number of branches in the world is ?

  • State Bank of India
  • RBS
  • London Bank
  • Canara Bank

Answer: Option A

3. The mineral in which India depends largely on imports is

  • Iron Ore
  • Bauxite
  • Mica
  • Mercury

Answer: Option D

4. Who is known as father of economics ?

  • Adam Smith
  • Max Muller
  • Joy Chaterjee
  • Amritya Sen

Answer: Option A

5. Iron and steel industry started in India in the year ?

  • 1855
  • 1860
  • 1865
  • 1870

Answer: Option D

Explanation:

Iron and steel industry started in India in the year 1870, when Bengal Iron Works company established its plant in Kulti, West Bengal.

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