The president can assign any of the functions of the union government to the state government

The central banking functions in India are performed by the

1. Central Bank of India
2. Reserve Bank of India
3. State Bank of India
4. Punjab National Bank

Development expenditure of the Central government does not include

ICICI is the name of a

Gilt-edged market means

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

Devaluation of a currency means

In the second nationalization of commercial banks, ___ banks were nationalized.

Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves

1. interest payments
2. subsidies
3. defence
4. irrigation

Depreciation means