More Questions on Indian Economy
- Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
A)Oudh Commercial Bank
B)Punjab National Bank
C)Hindustan Commercial Bank
D)Punjab and Sind Bank
Answer: Oudh Commercial Bank
- Q. Which of the following is not a part of machinery that settles industrial disputes?
A)Works Committee
B)Conciliation officers
C)Wage Court
D)Board of Conciliation
Answer: Wage Court
- Q. The number of finance commissions set up upto now is:
A)14
B)13
C)15
D)16
Answer: 15
- Q. In India, inflation measured by the
A)Consumers Price Index for urban non-manual workers
B)Consumers Price Index for agricultural workers
C)Wholesale Price Index number
D)National Income Deflation
Answer: Wholesale Price Index number
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)RBI
C)The Comptroller General of Accounts
D)None of these
Answer: The Comptroller General of Accounts
- Q. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)fall in exchange value of a country by market forces
C)reduction in currency value due to wear and tear
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A)will increase
B)will neither increase nor decrease
C)will decrease
D)None of the above
Answer: will neither increase nor decrease
- Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
A)II, III
B)I, II, III
C)I, III
D)I, II
Answer: I, II
- Q. The main rubber producing state in the country is:
A)Tamil Nadu
B)Karnataka
C)Kerala
D)Hyderabad
Answer: Kerala
- Q. The currency convertibility concept in its original form originated in
A)Bretton Woods Agreement
B)Taylors Agreement
C)Wells Agreement
D)None of the above
Answer: Bretton Woods Agreement
- Q. The central co-operative banks are in direct touch with
A)state co-operative banks
B)land development banks
C)farmers
D)central government
Answer: state co-operative banks
- Q. The national food for work programme was launched in:
A)April 2003
B)November 2004
C)May 2002
D)April 2000
Answer: November 2004
- Q. The ARDC is now a branch of the
A)NABARD
B)RBI
C)IDBI
D)SDBI
Answer: NABARD
- Q. At present, the number of nationalized banks are:
A)17
B)15
C)19
D)12
Answer: 12
- Q. Which of the following is the most appropriate cause of export surplus?
A)Country's stringent import policy
B)Developments in national and international markets
C)Country's exports promotion value
D)None of the above
Answer: Developments in national and international markets
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Inheritance tax, wealth tax, interest tax and gift tax
C)Custom duties
D)Excise duties
Answer: Excise duties
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)4
C)6
D)8
Answer: 6
- Q. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are
A)grant-in-aids
B)tax sharing
C)loans
D)All the above
Answer: All the above
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of imports remains constant
C)prices of domestic goods remain constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. National Rural Health mission was launched in:
A)August 2005
B)April 2005
C)October 2005
D)July 2005
Answer: April 2005
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