116: Which one of the following statements does correctly defines the term "drain theory" as propounded by Dadabhai Naoroji?
(a) That the resources of the country were being utilised in the interest of Britain
(b) That a part of India's national wealth or total annual product was being exported to Britain for which India got no material return
(c) That the British Industrialists were being given an opportunity to invest in India under the protection of the imperial power
(d) That the British goods were being imported to the country making it poorer day by day
117: Consider the following financial institution of India:
1. Industrial Finance Corporation of India (IFCI)
2. Industrial Credit and Investment Corporation of India (ICICI)
3. Industrial Development Bank of India (IDBI)
4. National Bank for Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is
(a) 1, 2, 3, 4
(b) 2, 3, 4, 1
(c) 3, 4, 1, 2
(d) 4, 1, 2, 3
120: Which one of the following statements appropriately describes the "fiscal stimulus"?
(a) It is an extreme affirmative action by the Government to pursue its policy of financial inclusion.
(b) It is Government's intensive action on financial institutions to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation.
(c) It is an intense affirmative action of the Government to boost economic activity in the country.
(d) It is a massive investment by the Government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth.