Indian Economy

Q. The number of finance commissions set up upto now is:

A
14
B
13
C
15
D
16

Correct Answer

15

More Questions on Indian Economy

  • Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
    A)Essar Oil
    B)GAIL
    C)Reliance Energy
    D)ONGC
    Answer: Essar Oil
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)Bimal Jalan
    C)K.V. Kamath
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Vijay L. Kelkar.
    C)Nand Kishore Singh
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • Q. In the world in terms of Railway Network system India ranks:
    A)first
    B)fourth
    C)second
    D)third
    Answer: fourth
  • 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
  • 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. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry
    A)I, II
    B)I, II, III
    C)I, III
    D)II, III
    Answer: I, II, III
  • Q. In India, which one among the following formulates the fiscal policy?
    A)Ministry of Finance
    B)Finance Commission
    C)Planning Commission
    D)The Reserve Bank of India
    Answer: Ministry of Finance
  • Q. One rupee currency note in India bears the signature of-
    A)Finance minister of India
    B)Governor (RBI)
    C)The president of India
    D)Finance secretary of Government of India
    Answer: Finance secretary of Government of India
  • 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. In India Yellow revolution is associated with:
    A)production of oil seeds.
    B)production of tea
    C)production of flower
    D)production of paddy
    Answer: production of oil seeds.
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the difference between current expenditure and current revenue
    C)the sum of budgetary deficit and net increase in internal and external borrowings
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. In India the first bank of limited liability managed by Indian and founded in 1881 was:
    A)Hindustan Commercial Bank
    B)Oudh commercial Bank.
    C)Punjab National Bank
    D)Punjab and Sind Bank
    Answer: Oudh commercial Bank.
  • Q. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Rajasthan
    C)Maharashtra
    D)Andhra Pradesh
    Answer: Maharashtra
  • Q. Revenue of the state governments are raised from the following sources, except
    A)expenditure tax
    B)agricultural income tax
    C)entertainment tax
    D)land revenue
    Answer: agricultural income tax
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)April 12, 1988
    C)July 9, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
    A)1998
    B)1997
    C)1999
    D)2000
    Answer: 1999
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To increase the welfare of the disabled
    C)To make Sangam region of Allahabad more attractive for tourists
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
    A)Bank of Baroda
    B)State Bank of India
    C)Punjab National Bank
    D)Central Bank of India
    Answer: Punjab National Bank

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