Class XII

India changed over to the decimal system of coinage in
  1. April 1995
  2. April 1957
  3. April 1958
  4. April 1959
Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
  1. 80 percent
  2. 83 percent
  3. 90 percent
  4. 100 percent
Subsidies mean
  1. payment by government for purchase of goods and services
  2. payment made by business enterprises to factors of production
  3. payment made by companies to shareholders
  4. payment made by the government to business enterprises, without buying any goods and services
Devaluation of currency leads to
  1. fall in domestic prices
  2. increase in domestic prices
  3. no impact on domestic prices
  4. erratic fluctuations in domestic prices
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
  1. will decrease
  2. will increase
  3. will neither increase nor decrease
  4. None of the above
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