IDBI Bank, formerly known as Industrial Development Bank of India, was established in 1July 964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It is headquartered in Mumbai, Maharashtra. It is one of 27 commercial banks owned by the Government of India.

Correct Option: C

IDBI Bank, formerly known as Industrial Development Bank of India, was established in 1July 964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It is headquartered in Mumbai, Maharashtra. It is one of 27 commercial banks owned by the Government of India.

According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz.,: l By providing food and raw material to non-agricultural sectors of the economy, l By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, l By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, l By earning valuable foreign exchange through the export of agricultural products, etc.

Correct Option: D

According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz.,: l By providing food and raw material to non-agricultural sectors of the economy, l By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, l By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, l By earning valuable foreign exchange through the export of agricultural products, etc.

Mixed economy is a combination of market economy as well as government planning. It has both private sector and public sector. Some businesses are owned by private individuals while some businesses are owned by the government. India is an example of mixed economy.

Correct Option: C

Mixed economy is a combination of market economy as well as government planning. It has both private sector and public sector. Some businesses are owned by private individuals while some businesses are owned by the government. India is an example of mixed economy.

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. This is in contrast to macroeconomics, which involves the “sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.” So study of sales of TISCO will come under microeconomics.

Correct Option: B

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. This is in contrast to macroeconomics, which involves the “sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.” So study of sales of TISCO will come under microeconomics.

The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.

Correct Option: A

The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.