The fringe benefit tax was introduced in the budget of

• 2003-04

• 2004-05

• 2005-06

• 2006-07

In the Budget estimates for 2011-12, an allocation of Rs 400 crore has been made to bring in a green revolution in the East in the cropping system of

• Wheat

• Rice

• Jowar

• Pulses

As announced by the Finance Minister in his budget speech on 28-2-2011, the income tax exemption limit for individuals other than senior citizens and women has been raised to

• Rs 180000

• Rs 190000

• Rs 200000

• Rs 250000

In the Railway Budget for 2011- 12,  an outlay of Rs 57360 crore has been announced for adding new lines with length of

• 1000 km

• 1200 km

• 1300 km

• 1500 km

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

• Cash reserves

• Deposit reserves

• Excess reserves

• Momentary reserves

Who is authorised to issue coins in India?

• Reserve Bank of India

• Ministry of Finance

• State Bank of India

• Indian Overseas Bank

The 'break-even' point is where

• marginal revenue equals marginal cost

• average revenue equals average cost

• total revenue equals total cost

• None of the above

Rate of interest is determined by

• The rate of return on the capital invested

• Central Government

• Liquidity preference

• Commerical Banks

179.

The monetary policy in India is formulated by

• Central Government

• Industrial Financial Corporation of India

• Reserve Bank of India

• Industrial Development Bank of India

A short-term government security paper is called

• share

• debenture

• mutual fund

• treasury bill