676: Consider the following:
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
Which of these are included in Broad Money (M3) in India?
(a) 1 and 2
(b) 1 and 3
(c) 2 and 3
(d) 1, 2 and 3
677: Consider the following statements:
1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
2. NPCI has launched RuPay, a card payment scheme.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
678: Which of the following is a cash crop ?
(a) Groundnut
(b) Wheat
(c) Rice
(d) Gram
679: Why is it advisable not to draw current for many appliances from a single point?
(a) Current will decrease
(b) Current will increase
(c) Current and voltage both will increase
(d) Voltage will decrease whereas current will increase
680: All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
(a) Consolidated Fund of India
(b) Contingency Fund of India
(c) Public Account
(d) Deposits and Advances Fund
Explanation:
Article 266 in The Constitution of India 1949
Consolidated Funds and public accounts of India and of the States
(1) Subject to the provisions of Article 267 and to the provisions of this Chapter with respect to the assignment of the whole or part of the net proceeds of certain taxes and duties to States, all revenues received by the Government of India, all loans raised by that Government by thissue of treasury bils, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled the Consolidated Fund of India, and all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled the Consolidated Fund of the State