Question
Which of the following statements is/are not correct in
regards to Government’s Income? 1.Highest income of the government comes from borrowings and other liabilities 2.Highest income of the government goes to Interest Payment 3.17 paise of every rupee goes to Central sponsored schemesSolution
For every rupee that the Government of India earns, 34 paise comes through borrowings and liabilities while Goods and Services Tax contributes 17 paise. Highest income of the government goes to Interest Payment, i.e. 20% and 17 paise of every rupee goes to Central sponsored schemes.
What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit ...
Which regulatory authority is primarily responsible for overseeing and regulating cooperative banks in India?
Which among the following regarding GST is correct?
The Foreign Exchange Management Act,_________ , is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with...
Which one of the following buckets, as per RBI, is the most important bucket wrt. D-SIBs?
Commercial banks create money in the following ways:
Consider the following statements with respect to the Funds for Startups (FFS) Scheme-
I. The Government has established FFS with a corpus of R...
Which of the following is the largest gold refining center and transit hub in the World?
Which of the following is NOT eligible to purchase electoral bonds?
GI tag in India is issued by _____________.
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