Top150+ TRB Commerce Model Question Paper with Answers - 3

Question: 11

The number one sugar producing country in the world is

(A) Cuba

(B) Ghana

(C) Brazil

(D) India

Ans: A

Cuba

Question: 12

Which of the following is exclusively concerned with the credit needs of all types of agricultural and rural development in India?

(A) IBRD

(B) NABARD

(C) SBI

(D) RBI

Ans: B

NABARD

Question: 13

What is the effect of deficit financing on economy?

(A) Depression

(B) Deflation

(C) Recession

(D) Inflation

Ans: D

Inflation

Question: 14

General Agreement on Tariffs and Trade (GATT) came into existence in

(A) 1942

(B) 1947

(C) 1957

(D) 1958

Ans: B

1947

Question: 15

When was the first budget of free India presented?

(A) 26.11.1947

(B) 15.08.1947

(C) 20.01.1950

(D) 18.12.1950

Ans: A

26.11.1947

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