More Questions on Indian Economy
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)The Comptroller General of Accounts
C)RBI
D)None of these
Answer: The Comptroller General of Accounts
- Q. Reserve Bank of India will soon release plastic notes in circulation will be of :
A)Rs 20 notes
B)Rs 50 notes
C)Rs 100 notes
D)Rs 10 notes
Answer: Rs 10 notes
- Q. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
A)equal to government income
B)larger than government income
C)zero
D)negative
Answer: equal to government income
- Q. National expenditure includes
A)investment expenditure
B)government expenditure
C)consumption expenditure
D)All of the above
Answer: All of the above
- 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. 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 400
C)Rs 1000
D)Rs 300
Answer: Rs 300
- Q. Ten rupee notes contain the signature of:
A)Chairman, SBI
B)Finance Secretary, GOI
C)Governor, RBI
D)Finance Minister , GOI
Answer: Governor, RBI
- Q. Securities and Exchange Board of India (SEBI) was established on:
A)July 12, 1982
B)July 9, 1988
C)April 12, 1988
D)July 5, 1995
Answer: April 12, 1988
- Q. One rupee currency note in India bears the signature of-
A)Finance minister of India
B)The president of India
C)Governor (RBI)
D)Finance secretary of Government of India
Answer: Finance secretary of Government of India
- Q. Subsidies mean
A)payment made by business enterprises to factors of production
B)payment by government for purchase of goods and services
C)payment made by companies to shareholders
D)payment made by the government to business enterprises, without buying any goods and services
Answer: payment made by the government to business enterprises, without buying any goods and services
- Q. In India the term Black Revolution is associated with:
A)Nurturing the Black Soil
B)Self-dependence in the production of coal
C)Self-dependence in the production of petroleum crude oil
D)Self-dependence in the production of balck corp
Answer: Self-dependence in the production of petroleum crude oil
- 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. Which of the following is not a part of machinery that settles industrial disputes?
A)Works Committee
B)Wage Court
C)Conciliation officers
D)Board of Conciliation
Answer: Wage Court
- Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A)Konkan Railway Corporation Limited
B)Container Corporation of India Limited
C)Indian Railways Construction Company Limited
D)Diesel Locomotive Works, Varanasi
Answer: Indian Railways Construction Company Limited
- Q. The current price index (base 1960) is nearly 330. This means that
A)the prices of certain selected items have gone up to 3-3 times
B)all items cost 3-3 times more than what they did in 1960
C)weighted means of prices of certain item has increased 3-3 times
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. During which five Year plan was phase of heavy industrialization initiated?
A)First five year plan
B)Second five year plan.
C)Third five year plan
D)Fourth five year plan
Answer: Second five year plan.
- Q. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)March 10, 2008
C)November 14, 2011
D)October 2, 2007
Answer: October 2, 2007
- 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. The ARDC is now a branch of the
A)NABARD
B)IDBI
C)RBI
D)SDBI
Answer: NABARD
- 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
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