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116. Plan finance creates an increase in money supply if there is
(A) increase in loan from commercial banks
(B) increase in loan from the general public
(C) increase in taxes
(D) increase in loan from the Reserve Bank of India
(A) increase in loan from commercial banks
(B) increase in loan from the general public
(C) increase in taxes
(D) increase in loan from the Reserve Bank of India
Correct Answer: [C] increase in taxes.
117. Which of the following is not one of the objectives of economic planning in India?
(A) Balanced regional development
(B) Spread of education
(C) Raising living standards
(D) Reduction of economic inequalities
(A) Balanced regional development
(B) Spread of education
(C) Raising living standards
(D) Reduction of economic inequalities
Correct Answer: [B] Spread of education.
118. Grand Bank is located near
(A) U. K.
(B) Norway
(C) Newfoundland
(D) Novascotia
(A) U. K.
(B) Norway
(C) Newfoundland
(D) Novascotia
Correct Answer: [C] Newfoundland.
119. What is the name of the Central Bank of India?
(A) Reserve Bank of India
(B) Indian Overseas Bank
(C) Central Bank of India
(D) State Bank of India
(A) Reserve Bank of India
(B) Indian Overseas Bank
(C) Central Bank of India
(D) State Bank of India
Correct Answer: [A] Reserve Bank of India.
120. In India, the per capita income is the lowest in
(A) Bihar
(B) Kerala
(C) West Bengal
(D) Rajasthan
(A) Bihar
(B) Kerala
(C) West Bengal
(D) Rajasthan
Correct Answer: [A] Bihar.
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