Daily Archives: April 19, 2015


Prelims MCQs Quiz 27 : Economy

1. In India, which of the following is/are a mechanism of deficit financing? 1. borrowing from RBI. 2. borrowing from commercial banks. 3. issuing fresh currency notes. Select the correct answer using the codes given below. a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3 2. International Development Association (IDA) is called the ‘soft’ window of the World Bank (WB) because a) it lends for software and It development b) taking loans from it… Continue Reading »