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. Short-term finance is usually for a period ranging up to
A)10 months
B)5 months
C)12 months
D)15 months
Answer: 12 months
- Q. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)reduction in currency value due to wear and tear
C)fall in exchange value of a country by market forces
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- Q. Excess of Total Expenditure over total Receipts is :
A)Surplus Budget
B)Deficit Budget
C)Balanced Budget
D)None of the above
Answer: Deficit Budget
- Q. The first wholly Indian Bank was set up in
A)1894
B)1794
C)1896
D)1902
Answer: 1894
- Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
A)II, III
B)I, III
C)I, II, III
D)I, II
Answer: I, II
- Q. Which company has started a rural marketing network called e-Chaupals?
A)Dabur
B)Procor and Gamble
C)ITC
D)Hindustan liver
Answer: ITC
- Q. On July 12, 1982, the ARDC was merged into
A)NABARD
B)EXIM Bank
C)RBI
D)None of the above
Answer: NABARD
- Q. Asia’s first Export processing Zone (EPZ) was established in:
A)Cochin
B)Surat
C)Kandla
D)Chennai
Answer: Kandla
- Q. Meera Seth committee was associated with:
A)sex discrimination at work place
B)the development of handloom industry.
C)female foeticide
D)banking sector
Answer: the development of handloom industry.
- Q. The Foreign Exchange Management Act(FEMA) was passed in:
A)the year 2005
B)the year 2000
C)the year 1999
D)the year 2002
Answer: the year 1999
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1968
C)1964
D)1970
Answer: 1964
- 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 setup more foreign exchange banks
C)to govern entry of new private sector banks to make the banking sector more competitive
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. The national food for work programme was launched in:
A)April 2003
B)November 2004
C)May 2002
D)April 2000
Answer: November 2004
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of flower
C)production of tea
D)production of paddy
Answer: production of oil seeds.
- Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
A)1986
B)2006
C)1982
D)1975
Answer: 1975
- 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
C)I, II, III
D)II, III, IV
Answer: I, II, III
- Q. Revenue of the state governments are raised from the following sources, except
A)expenditure tax
B)entertainment tax
C)agricultural income tax
D)land revenue
Answer: agricultural income tax
- Q. Which of the following is not viewed as a national debt?
A)Life Insurance Policies
B)Provident Fund
C)National Saving Certificate
D)Long-term Government Bonds
Answer: National Saving Certificate
- 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
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