Indian Economy

Q. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:

A
8.0% in 2011-12
B
8.2% in 2011-12
C
8.5% in 2011-12
D
7.8% in 2011-12

Correct Answer

8.0% in 2011-12

More Questions on Indian Economy

  • Q. During which five year plan was the annual growth rate registered at 2.5%?
    A)First Five Year Plan (1961-66)
    B)Fourth Five Year Plan (1961-66)
    C)Second Five Year Plan (1961-66)
    D)Third Five Year Plan (1961-66)
    Answer: Third Five Year Plan (1961-66)
  • Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
    A)500 rupee
    B)100 rupee
    C)1000 rupee
    D)All of the above
    Answer: All of the above
  • Q. In India, which one among the following formulates the fiscal policy?
    A)Ministry of Finance
    B)Planning Commission
    C)Finance Commission
    D)The Reserve Bank of India
    Answer: Ministry of Finance
  • Q. In India, the state which has the largest forest cover is:
    A)Arunachal Pradesh
    B)Chattisgarh
    C)Madhya Pradesh
    D)Odisha
    Answer: Madhya Pradesh
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)big businessmen
    C)RBI
    D)IMF
    Answer: RBI
  • 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
    C)I, II
    D)II, III
    Answer: II
  • Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2005
    C)the year 2003
    D)the year 2001
    Answer: the year 2003
  • Q. If the RBI adopted an expansionist open market operations policy, this means that it will
    A)sell securities in the open market
    B)buy securities from non-government holders
    C)offer commercial banks more credit in the open market
    D)openly announce to the market that it intends to expand credit
    Answer: offer commercial banks more credit in the open market
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of petroleum crude oil
    C)Self-dependence in the production of coal
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
    A)Regional Rural Banks
    B)State Trading Corporation
    C)National Bank for Agriculture and Rural Development (NABARD)
    D)Indian Council of Agricultural Research
    Answer: Indian Council of Agricultural Research
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To make Sangam region of Allahabad more attractive for tourists
    C)To increase the welfare of the disabled
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • 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. The total number of national highways in the country is:
    A)528
    B)328
    C)228
    D)499
    Answer: E
  • Q. The first national commission on labours was constituted on:
    A)December 24, 1967
    B)November 24, 1966
    C)December 24, 1966.
    D)November 24, 1967
    Answer: December 24, 1966.
  • Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    A)20 to 25 percent
    B)25 to 30 percent
    C)15 to 20 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
    A)Rs. 25,000 crores
    B)Rs. 1,00,000 crores
    C)Rs. 50,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores
  • Q. Which of the following items would not appear in a company’s balance sheet?
    A)Total issued capital
    B)Revenue from sales of the company's products
    C)Value of stocks of raw materials held
    D)Cash held at the bank
    Answer: Revenue from sales of the company's products
  • 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. Devaluation of currency leads to
    A)increase in domestic prices
    B)no impact on domestic prices
    C)fall in domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • Q. Whose name is associated with formulation of planning strategy in Second five Year plan?
    A)Jawahar Lal Nehru
    B)Mahatma Gandhi
    C)Prasanta Chandra Mahalanobis
    D)B.R. Shenoy
    Answer: Prasanta Chandra Mahalanobis

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