Indian Economy

Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

A
1998
B
1997
C
1999
D
2000

Correct Answer

1999

More Questions on Indian Economy

  • 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. Deficit financing leads to inflation in general, but it can be checked if
    A)only aggregate demand is increased
    B)government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
    C)all the expenditure is denoted national debt payment only
    D)All of the above
    Answer: All of the above
  • Q. A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
    A)Statutory Liquidity Ratio (SLR)
    B)Cash Reserve Ratio (CRR)
    C)Bank rate
    D)Mandatory deposit
    Answer: Cash Reserve Ratio (CRR)
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)the excess of total expenditure, including loans, net of lending over revenue receipts
    C)difference between all receipts and all the expenditure
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. Ten rupee notes contain the signature of:
    A)Chairman, SBI
    B)Governor, RBI
    C)Finance Secretary, GOI
    D)Finance Minister , GOI
    Answer: Governor, RBI
  • Q. Non Tax revenues can be increased by improving the working of the
    A)electricity boards
    B)State Road Transport Corporations
    C)commercial irrigation projects
    D)All of the above
    Answer: commercial irrigation projects
  • Q. The Money Order system in India was introduced in the year :
    A)1880
    B)1999
    C)1882
    D)1904
    Answer: 1880
  • 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. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)Taiwan
    C)South Korea
    D)Japan
    Answer: Japan
  • Q. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Rajasthan
    C)Maharashtra
    D)Andhra Pradesh
    Answer: Maharashtra
  • Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
    A)Bank of Baroda
    B)Punjab National Bank
    C)State Bank of India
    D)Central Bank of India
    Answer: Punjab National Bank
  • Q. Depreciation means
    A)closure of a plant due to labour trouble
    B)closure of a plant due to lock out
    C)loss of equipment over time due to wear and tear
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear
  • 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. ICICI is the name of a
    A)bureau
    B)corporation
    C)chemical industry
    D)financial institution
    Answer: financial institution
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)farmers
    C)land development banks
    D)central government
    Answer: state co-operative banks
  • 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)15 to 20 percent
    C)25 to 30 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • 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. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2003
    C)the year 2005
    D)the year 2001
    Answer: the year 2003
  • Q. Asia’s first Export processing Zone (EPZ) was established in:
    A)Cochin
    B)Surat
    C)Kandla
    D)Chennai
    Answer: Kandla
  • 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)8.5% in 2011-12
    C)8.2% in 2011-12
    D)7.8% in 2011-12
    Answer: 8.0% in 2011-12

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