More Questions on Indian Economy
- Q. India’s share in textiles trade of the world is:
A)6%
B)4%
C)8%
D)10%
Answer: 6%
- Q. The first wholly Indian Bank was set up in
A)1894
B)1896
C)1794
D)1902
Answer: 1894
- 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. The first national commission on labours was constituted on:
A)December 24, 1967
B)November 24, 1966
C)December 24, 1966.
D)November 24, 1967
Answer: December 24, 1966.
- 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, III
C)I, II
D)II, III, IV
Answer: I, II, III
- Q. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
A)1 per 10000 births
B)1 per 100 births
C)1 per 1000 births
D)1 per 10 births
Answer: 1 per 1000 births
- Q. Gilt-edged market means
A)market of government securities
B)market of guns
C)bullion market
D)market of pure metals
Answer: market of government securities
- 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 main rubber producing state in the country is:
A)Tamil Nadu
B)Kerala
C)Karnataka
D)Hyderabad
Answer: Kerala
- Q. Income tax in India was introduced by:
A)James Wilson
B)Nicholas Kaldor
C)William Jones
D)Mahavir Tyagi
Answer: James Wilson
- Q. States earn maximum revenue through
A)custom revenue
B)commercial taxes
C)land revenue
D)excise duties on intoxicants
Answer: commercial taxes
- 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. Reserve Bank of India was nationalized in the year
A)1945
B)1949
C)1935
D)1969
Answer: 1949
- Q. National Income estimates in India is prepared by:
A)Reserve Bank Of India
B)Central Statistical Organisation (CSO)
C)Planning Commission
D)Indian Statistical Institute
Answer: Central Statistical Organisation (CSO)
- 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. The condition of indirect taxes in the country’s revenue is approximately
A)75 percent
B)80 percent
C)70 percent
D)86 percent
Answer: 86 percent
- Q. The national food for work programme was launched in:
A)April 2003
B)May 2002
C)November 2004
D)April 2000
Answer: November 2004
- Q. Paper currency first started in India in
A)1542
B)1601
C)1861
D)1880
Answer: 1861
- 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. 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
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