More Questions on Indian Economy
- Q. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Ninth
C)Thirteenth
D)Eleventh
Answer: Thirteenth
- Q. Who is the author of the book Man and Economics?
A)Robert Mundel
B)Rudi Dornbusch
C)Myron Scholes
D)George Akerlof
Answer: Robert Mundel
- Q. In coal production, India ranks in the world:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Custom duties
C)Inheritance tax, wealth tax, interest tax and gift tax
D)Excise duties
Answer: Excise duties
- Q. How many banks were nationalized in 1969?
A)14
B)16
C)15
D)20
Answer: 14
- Q. Which of the following items would not appear in a company’s balance sheet?
A)Total issued capital
B)Value of stocks of raw materials held
C)Revenue from sales of the company's products
D)Cash held at the bank
Answer: Revenue from sales of the company's products
- Q. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
A)productivity in agriculture has been high enough to induce people to stay with agriculture
B)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
C)investment pattern has been directed towards capital intensive industries
D)people are largely unaware of the significance of transition from agriculture to industry for econom
Answer: investment pattern has been directed towards capital intensive industries
- 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. During which five year plan was the annual growth rate registered at 2.5%?
A)First Five Year Plan (1961-66)
B)Second Five Year Plan (1961-66)
C)Fourth Five Year Plan (1961-66)
D)Third Five Year Plan (1961-66)
Answer: Third Five Year Plan (1961-66)
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. 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 I=interest payments II=subsidies III=defence IV=irrigation
A)I
B)I, II, III
C)I, II
D)II, III, IV
Answer: I, II, III
- Q. At present, the number of nationalized banks are:
A)17
B)15
C)19
D)12
Answer: 12
- Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A)83 percent
B)90 percent
C)80 percent
D)100 percent
Answer: 100 percent
- 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. The ARDC is now a branch of the
A)NABARD
B)IDBI
C)RBI
D)SDBI
Answer: NABARD
- Q. Short-term finance is usually for a period ranging up to
A)10 months
B)12 months
C)5 months
D)15 months
Answer: 12 months
- Q. On July 12, 1982, the ARDC was merged into
A)NABARD
B)RBI
C)EXIM Bank
D)None of the above
Answer: NABARD
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1964
C)1968
D)1970
Answer: 1964
- Q. In the world in terms of Railway Network system India ranks:
A)first
B)second
C)fourth
D)third
Answer: fourth
- 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
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