More Questions on Indian Economy
- Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
A)the year 2000
B)the year 2005
C)the year 2003
D)the year 2001
Answer: the year 2003
- Q. The concept of zero-based budgeting was given by:
A)Peter drucker
B)Peter A. Payer.
C)Jagdish bhagwati
D)None of these
Answer: Peter A. Payer.
- Q. National expenditure includes
A)investment expenditure
B)consumption expenditure
C)government expenditure
D)All of the above
Answer: All of the above
- Q. The ARDC is now a branch of the
A)NABARD
B)RBI
C)IDBI
D)SDBI
Answer: NABARD
- Q. Reserve Bank of India will soon release plastic notes in circulation will be of :
A)Rs 20 notes
B)Rs 100 notes
C)Rs 50 notes
D)Rs 10 notes
Answer: Rs 10 notes
- Q. Redistribution polices geared to reduce economic inequalities include
A)land reforms
B)progressive tax policies
C)rural development policies
D)All the above
Answer: All the above
- Q. What is the objective of ‘Sangam Yojna 1996’?
A)To make Ganga water pollution free
B)To make Sangam region of Allahabad more attractive for tourists
C)To increase the welfare of the disabled
D)To unite, various groups of Hindus
Answer: To increase the welfare of the disabled
- 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. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)1000 rupee
C)100 rupee
D)All of the above
Answer: All of the above
- Q. In India, inflation measured by the
A)Consumers Price Index for urban non-manual workers
B)Wholesale Price Index number
C)Consumers Price Index for agricultural workers
D)National Income Deflation
Answer: Wholesale Price Index number
- 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. India changed over to the decimal system of coinage in
A)April 1957
B)April 1995
C)April 1958
D)April 1959
Answer: April 1957
- Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1971
C)1970
D)1968
Answer: 1969
- Q. The Money Order system in India was introduced in the year :
A)1880
B)1999
C)1882
D)1904
Answer: 1880
- 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)Bank rate
C)Cash Reserve Ratio (CRR)
D)Mandatory deposit
Answer: Cash Reserve Ratio (CRR)
- Q. If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
A)Rs 500
B)Rs 1000
C)Rs 400
D)Rs 300
Answer: Rs 300
- Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
A)Conservation of river water
B)Conservation of Forests
C)Protection of birds
D)Protection of cheetals
Answer: Conservation of Forests
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of domestic goods remain constant
C)prices of imports remains constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
C)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
A)Total benefit received
B)Average benefit received
C)Marginal benefit received
D)Ability to pay for the benefit
Answer: Ability to pay for the benefit
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