More Questions on Indian Economy
- Q. Devaluation of currency leads to
A)increase in domestic prices
B)fall in domestic prices
C)no impact on domestic prices
D)erratic fluctuations in domestic prices
Answer: increase in domestic prices
- Q. In coal production, India ranks in the world:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)RBI
C)big businessmen
D)IMF
Answer: RBI
- Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A)will increase
B)will decrease
C)will neither increase nor decrease
D)None of the above
Answer: will neither increase nor decrease
- 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. Navaratna Status is concerned with:
A)Private Sector Companies
B)Both A and B
C)Public Sector Companies
D)None of the above
Answer: Public Sector Companies
- Q. The total number of national highways in the country is:
A)528
B)328
C)228
D)499
Answer: E
- Q. Which company has started a rural marketing network called e-Chaupals?
A)Dabur
B)ITC
C)Procor and Gamble
D)Hindustan liver
Answer: ITC
- 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. Unit Trust of India (UTI) was established in:
A)1904
B)1968
C)1964
D)1970
Answer: 1964
- Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
A)to reduce the freedom given to banks to rationalize their existing branch network
B)to govern entry of new private sector banks to make the banking sector more competitive
C)to setup more foreign exchange banks
D)to lend more easily for industrial development
Answer: to govern entry of new private sector banks to make the banking sector more competitive
- Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
A)II
B)I, II
C)I
D)II, III
Answer: II
- Q. In India, the state which has the largest forest cover is:
A)Arunachal Pradesh
B)Madhya Pradesh
C)Chattisgarh
D)Odisha
Answer: Madhya Pradesh
- Q. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
A)75 percent
B)70 per cent
C)65 percent
D)60 percent
Answer: 65 percent
- Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
A)75000 Megawatt
B)50000 Megawatt
C)100000 Megawatt.
D)125000 Megawatt
Answer: 100000 Megawatt.
- Q. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
A)1 per 10000 births
B)1 per 100 births
C)1 per 1000 births
D)1 per 10 births
Answer: 1 per 1000 births
- Q. Since the inception of the co-operative movement, rural credits has been
A)rationalized
B)institutionalized
C)cheapened
D)All of the above
Answer: All of the above
- Q. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)reduction in currency value due to wear and tear
C)fall in exchange value of a country by market forces
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- Q. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)March 10, 2008
C)November 14, 2011
D)October 2, 2007
Answer: October 2, 2007
- Q. How many banks were nationalized in 1969?
A)14
B)15
C)16
D)20
Answer: 14
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