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Q.1) In the context of Indian economy, Open Market Operations' refers to

1. Borrowing by scheduled banks from the RBI
2. Lending by commercial banks to industry and trade
3. Purchase and sale of government securities by the RBI
4. None of the above

Q.2) A "closed economy" is an economy in which?

1. The money supply is fully controlled
2. Deficit financing
3. Only exports take place
4. Neither exports nor imports take place

Q.3) Recently Jiram Valley was in news. It is located in

1. Jammu & Kashmir
2. Chhattisgarh
3. Jharkhand
4. Madhya Pradesh

Q.4) Which one of the following was a journal brought out by Abul Kalam Azad?

1. Al-Hilal
2. Comrade
3. The Indian Sociologist
4. Zamindar

Q.5) Mitakshara is

1. A work on astronomy
2. A treatise on ancient Hindu law of inheritance
3. An Agamic text
4. A compendium on medicine

All the best

IASbaba