More Questions on Indian Economy
- 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. Debenture holders of a company are its
A)creditors
B)debtors
C)shareholders
D)directors
Answer: creditors
- 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. 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. Devaluation of currency leads to
A)increase in domestic prices
B)no impact on domestic prices
C)fall in domestic prices
D)erratic fluctuations in domestic prices
Answer: increase in domestic prices
- Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)100 rupee
C)1000 rupee
D)All of the above
Answer: All of the above
- Q. Earn While you Learn scheme has been launched by:
A)Ministry of Youth
B)Both A and B
C)Ministry of Tourism
D)None of these
Answer: Ministry of Tourism
- Q. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
A)75 percent
B)70 per cent
C)65 percent
D)60 percent
Answer: 65 percent
- Q. Development expenditure of the Central government does not include
A)expenditure on economic services
B)defence expenditure
C)expenditure on social and community services
D)grant to states
Answer: defence expenditure
- Q. The first Apparel Park in India has been established in:
A)Tirupur (Tamil Nadu)
B)Both A and B
C)Punalur (Kerala)
D)None of the above
Answer: Tirupur (Tamil Nadu)
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)RBI
C)The Comptroller General of Accounts
D)None of these
Answer: The Comptroller General of Accounts
- 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. Asia’s first Export processing Zone (EPZ) was established in:
A)Cochin
B)Surat
C)Kandla
D)Chennai
Answer: Kandla
- Q. The Foreign Exchange Management Act(FEMA) was passed in:
A)the year 2005
B)the year 1999
C)the year 2000
D)the year 2002
Answer: the year 1999
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
A)Raghuram G. Rajan
B)K.V. Kamath
C)Bimal Jalan
D)None of these
Answer: Raghuram G. Rajan
- Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
A)II
B)I, II
C)I
D)II, III
Answer: II
- Q. Deficit financing implies
A)replacing new currency with worn out currency
B)printing new currency notes
C)public expenditure in excess of public revenue
D)public revenue in excess of public expenditure
Answer: public expenditure in excess of public revenue
- 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 govern entry of new private sector banks to make the banking sector more competitive
C)to setup more foreign exchange banks
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. In India, the second largest provider of employment after agriculture is:
A)Chemical Sector
B)Iron and Steel Sector
C)Textile Sector
D)Telecommunication sector
Answer: Textile Sector
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