More Questions on Indian Economy
- Q. Depreciation means
A)closure of a plant due to labour trouble
B)loss of equipment over time due to wear and tear
C)closure of a plant due to lock out
D)destruction of a plant in a fire accident
Answer: loss of equipment over time due to wear and tear
- 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. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Thirteenth
C)Ninth
D)Eleventh
Answer: Thirteenth
- Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A)decrease it
B)no impact
C)increase it
D)None of the above
Answer: increase it
- 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. The Money Order system in India was introduced in the year :
A)1880
B)1882
C)1999
D)1904
Answer: 1880
- 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. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
A)75000 Megawatt
B)50000 Megawatt
C)100000 Megawatt.
D)125000 Megawatt
Answer: 100000 Megawatt.
- Q. In India, the state which has the largest forest cover is:
A)Arunachal Pradesh
B)Chattisgarh
C)Madhya Pradesh
D)Odisha
Answer: Madhya Pradesh
- 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. The association of the rupee with pound sterling as the intervention currency was broken in
A)1991
B)1992
C)1990
D)1993
Answer: 1992
- 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 employment and output - change in rate of interest - change in price level
C)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - 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. 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. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Ninth
C)Thirteenth
D)Eleventh
Answer: Thirteenth
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)6
C)4
D)8
Answer: 6
- 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. 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. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A)will increase
B)will decrease
C)will neither increase nor decrease
D)None of the above
Answer: will neither increase nor decrease
- Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
A)the year 1999
B)the year 2005
C)the year 1998
D)the year 1990
Answer: the year 1999
- Q. If the RBI adopted an expansionist open market operations policy, this means that it will
A)sell securities in the open market
B)offer commercial banks more credit in the open market
C)buy securities from non-government holders
D)openly announce to the market that it intends to expand credit
Answer: offer commercial banks more credit in the open market
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