Q. The number of finance commissions set up upto now is:

Correct Answer

15

More Questions on Indian Economy

  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. The concept of zero-based budgeting was given by:
    A)Peter drucker
    B)Jagdish bhagwati
    C)Peter A. Payer.
    D)None of these
    Answer: Peter A. Payer.
  • Q. Which of the following is the most appropriate cause of export surplus?
    A)Country's stringent import policy
    B)Country's exports promotion value
    C)Developments in national and international markets
    D)None of the above
    Answer: Developments in national and international markets
  • 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. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
    A)the year 2000
    B)the year 2003
    C)the year 2005
    D)the year 2001
    Answer: the year 2003
  • Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
    A)Rs. 25,000 crores
    B)Rs. 50,000 crores
    C)Rs. 1,00,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores
  • Q. Excise duty is a tax levied on the
    A)export of goods
    B)import of goods
    C)production of goods
    D)sale of goods
    Answer: production of goods
  • Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will neither increase nor decrease
    C)will decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • Q. In the world in terms of Railway Network system India ranks:
    A)first
    B)second
    C)fourth
    D)third
    Answer: fourth
  • Q. In April 1980 how many banks were nationalized?
    A)eight banks
    B)six banks
    C)five banks
    D)nine banks
    Answer: six banks
  • 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. Since the inception of the co-operative movement, rural credits has been
    A)rationalized
    B)cheapened
    C)institutionalized
    D)All of the above
    Answer: All of the above
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)difference between all receipts and all the expenditure
    C)the excess of total expenditure, including loans, net of lending over revenue receipts
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. Ten rupee notes contain the signature of:
    A)Chairman, SBI
    B)Governor, RBI
    C)Finance Secretary, GOI
    D)Finance Minister , GOI
    Answer: Governor, RBI
  • Q. The first Apparel Park in India has been established in:
    A)Tirupur (Tamil Nadu)
    B)Punalur (Kerala)
    C)Both A and B
    D)None of the above
    Answer: Tirupur (Tamil Nadu)
  • Q. The total number of national highways in the country is:
    A)528
    B)328
    C)228
    D)499
    Answer: E
  • Q. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Andhra Pradesh
    C)Kerala
    D)Karnataka
    Answer: Karnataka
  • 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. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
    A)83 percent
    B)90 percent
    C)80 percent
    D)100 percent
    Answer: 100 percent
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)land development banks
    C)farmers
    D)central government
    Answer: state co-operative banks

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