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Home Questions & Answers General Knowledge Economics Question Answers

    With reference to the guilds (Shreni) of ancient India that played a very important role in the country's
    economy, which of the following statements is/are correct?
    • 1. Every guild was registered with the central authority of the State and the king was the chief administrative authority on them.
    • 2. The wages, rules of work, standards and prices were fixed by the guild.
    • 3. The guild had judicial powers over its own members.
    Select the correct answer using the codes given below :

  • 1 and 2 only
  • 3 only
  • 2 and 3 only
  • 1, 2 and 3

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The basic aim of Lead Bank Scheme is that
Consider the following statements:
The price of any currency in international market is decided by the
  • 1. World Bank
  • 2. demand for goods/services provided by the country concerned
  • 3. stability of the government of the concerned country
  • 4. economic potential of the country in question
Which of the statements given above are correct?
Which of the following would include Foreign Direct Investment in India?
  • 1. Subsidiaries of companies in India foreign companies in India
  • 2. Majority foreign equity holding Indian companies
  • 3. Companies exclusively financed by foreign companies
  • 4. Portfolio investment
Select the correct answer using the codes given below :
Which of the following measures would, result in an increase in the money supply in the economy?
  • 1. Purchase of government securities from the public by the Central Bank.
  • 2. Deposit 'of currency in commercial banks by the public
  • 3. Borrowing by the government from' the Central Bank
  • 4. Sale of government securities to the public by the Central Bank
Select the correct answer using the codes given below:
Under which of the following circumstances may 'capital gains' arise?
  • 1. When there is an increase in the sales of a product.
  • 2. When there is a natural increase in the value of the property owned
  • 3. When you purchase a painting and there is a growth in its value due to increase in its popularity
Select the correct answer using the codes given below :

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