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The current price index (base 1960) is nearly 330. This means that

A) all items cost 3-3 times more than what they did in 1960
B) the prices of certain selected items have gone up to 3-3 times
C) weighted means of prices of certain item has increased 3-3 times
D) gold price has gone up 3-3 times

Correct Answer:



C) weighted means of prices of certain item has increased 3-3 times

Part of solved Economy questions and answers : >> General Knowledge >> Economy

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Similar Questions

1). The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

A). 15 to 20 percent

B). 20 to 25 percent

C). 25 to 30 percent

D). 30 to 35 percent

2). The annual yield from which of the following Union Government taxes is the highest?

A). Custom duties

B). Corporation tax and income tax

C). Inheritance tax, wealth tax, interest tax and gift tax

D). Excise duties

3). In India, inflation measured by the

A). Wholesale Price Index number

B). Consumers Price Index for urban non-manual workers

C). Consumers Price Index for agricultural workers

D). National Income Deflation

4). In India, the first bank of limited liability manages by Indians and founded in 1881 was

A). Hindustan Commercial Bank

B). Oudh Commercial Bank

C). Punjab National Bank

D). Punjab and Sind Bank

5). How many banks were nationalized in 1969?

A). 16

B). 14

C). 15

D). 20

6). Fiscal deficit in the Union Budget means

A). the difference between current expenditure and current revenue

B). net increase in Union Governments borrowings from the Reserve Bank of India

C). the sum of budgetary deficit and net increase in internal and external borrowings

D). the sum of monetized deficit and budgetary deficit

7). If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?

A). Rs. 50,000 crores

B). Rs. 25,000 crores

C). Rs. 1,00,000 crores

D). Rs. 1,25,000 crores

8). National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

A). 1997

B). 1998

C). 1999

D). 2000

9). In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? A large number of farmers are illiterate and know little about scientific agriculture Prices of primary products are lower than those of manufactured products Investment in agriculture has been low when compared to investment in industry

A). I, II, III

B). I, II

C). I, III

D). II, III

10). Reserve Bank of India was nationalized in the year

A). 1935

B). 1945

C). 1949

D). 1969