Indian Economy

Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A
1986
B
1984
C
1987
D
1989

Correct Answer

1987

More Questions on Indian Economy

  • Q. National Income estimates in India is prepared by:
    A)Reserve Bank Of India
    B)Central Statistical Organisation (CSO)
    C)Planning Commission
    D)Indian Statistical Institute
    Answer: Central Statistical Organisation (CSO)
  • Q. Green Banking channel has been launched by:
    A)State Bank of India
    B)Punjab National Bank
    C)Reserve Bank of India
    D)Bank of Baroda
    Answer: State Bank of India
  • Q. When personal direct taxes are subtracted from personal income the obtained value is called:
    A)National Income
    B)Gross National Product (GNP)
    C)Gross Domestic Product (GDP)
    D)Personal Income
    Answer: Gross National Product (GNP)
  • 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 budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)difference between all receipts and all the expenditure
    C)the excess of total expenditure, including loans, net of lending over revenue receipts
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
    A)1986
    B)1987
    C)1984
    D)1989
    Answer: 1987
  • Q. The Ex-Officio Secretary of National Development Council is:
    A)General Secretary of Lok Sabha
    B)Secretary of Planning Commission
    C)Secretary of Finance Ministry
    D)Vice Chairman of Planning Commission
    Answer: Secretary of Planning Commission
  • Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
    A)1969
    B)1970
    C)1971
    D)1968
    Answer: 1969
  • 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. 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. The Ex-Officio Secretary of National Development Council is:
    A)General Secretary of Lok Sabha
    B)Secretary of Finance Ministry
    C)Secretary of Planning Commission
    D)Vice Chairman of Planning Commission
    Answer: Secretary of Planning Commission
  • Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
    A)Konkan Railway Corporation Limited
    B)Indian Railways Construction Company Limited
    C)Container Corporation of India Limited
    D)Diesel Locomotive Works, Varanasi
    Answer: Indian Railways Construction Company Limited
  • Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
    A)Deutsche Mark
    B)Euro
    C)Japanese Yen
    D)French Franc
    Answer: Deutsche Mark
  • Q. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
    A)Kharif crop
    B)Both A and B
    C)Rabi crop
    D)None of the above
    Answer: Kharif crop
  • 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. In the state of India, the State Financial Corporation have given assistance mainly to develop
    A)cottage industry
    B)agricultural farms
    C)large-scale industries
    D)medium and small-scale industries
    Answer: medium and small-scale industries
  • Q. In coal production, India ranks in the world:
    A)First
    B)Third
    C)Second
    D)Fourth
    Answer: Second
  • 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. 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. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson

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