231: Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
(a) industrial output fails to keep pace with agricultural output.
(b) agricultural output fails to keep pace with industrial output.
(c) poverty and unemployment increase.
(d) imports grow faster than exports.
232: Dinosaur was
(a) A reptile
(b) An amphibian
(c) A mammal
(d) A bird
233: The main function of the National Development Council is:
(a) To promote national integration
(b) To develop villages
(c) To review the working of the National Plan from time to time
(d) None of the above
234: When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean?
(a) The commercial banks will have less money to lend
(b) The Reserve Bank of India will have less money to lend
(c) The Union Government will have less money to lend
(d) The commercial banks will have more money to lend
Explanation:
Cash Reserve Ratio is a bank regulation that sets the minimum reserves each bank must hold to customer deposits and notes. RBI uses CRR either to drain excess liquidity or to release funds needs for the economy from time to time. Increase in CRR mean that banks have less funds available and money is sucked out of circulation.
235: Despite being a high saving economy, capital formation may not result in significant increase in output due to
(a) weak administrative machinery
(b) illiteracy
(c) high population density
(d) high capital-output ratio