Indian Economy

Q. In India, which one among the following formulates the fiscal policy?

A
Ministry of Finance
B
Finance Commission
C
Planning Commission
D
The Reserve Bank of India

Correct Answer

Ministry of Finance

More Questions on Indian Economy

  • 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 1998
    C)the year 2005
    D)the year 1990
    Answer: the year 1999
  • Q. In India Yellow revolution is associated with:
    A)production of oil seeds.
    B)production of tea
    C)production of flower
    D)production of paddy
    Answer: production of oil seeds.
  • Q. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Andhra Pradesh
    C)Kerala
    D)Karnataka
    Answer: Karnataka
  • Q. Government has merged Annapurna Scheme with:
    A)Ujjwala
    B)IRDP
    C)National Old Age Pension Scheme
    D)None of these
    Answer: National Old Age Pension Scheme
  • Q. National Rural Health mission was launched in:
    A)August 2005
    B)October 2005
    C)April 2005
    D)July 2005
    Answer: April 2005
  • 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. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Deficit Budget
    C)Balanced Budget
    D)None of the above
    Answer: Deficit Budget
  • 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. National Income estimates in India is prepared by:
    A)Reserve Bank Of India
    B)Planning Commission
    C)Central Statistical Organisation (CSO)
    D)Indian Statistical Institute
    Answer: Central Statistical Organisation (CSO)
  • Q. Navaratna Status is concerned with:
    A)Private Sector Companies
    B)Both A and B
    C)Public Sector Companies
    D)None of the above
    Answer: Public Sector Companies
  • Q. The first multi–purpose river valley project of independent India is:
    A)Damodar
    B)Hirakud
    C)Bhakra-Nangal
    D)Nagarjunasagar
    Answer: Damodar
  • 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. Whose name is associated with formulation of planning strategy in Second five Year plan?
    A)Jawahar Lal Nehru
    B)Mahatma Gandhi
    C)Prasanta Chandra Mahalanobis
    D)B.R. Shenoy
    Answer: Prasanta Chandra Mahalanobis
  • Q. ICICI is the name of a
    A)bureau
    B)corporation
    C)chemical industry
    D)financial institution
    Answer: financial institution
  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Bangalore (Karnataka)
    C)Ahmedabad (Gujarat)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
    A)Essar Oil
    B)GAIL
    C)Reliance Energy
    D)ONGC
    Answer: Essar Oil
  • 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
    C)I, II
    D)II, III
    Answer: II
  • 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. Project ‘Sankalp’ is associated with the elimination of:
    A)AIDS/HIV
    B)Polio
    C)Both A and B
    D)None of the above
    Answer: AIDS/HIV
  • Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
    A)decrease it
    B)increase it
    C)no impact
    D)None of the above
    Answer: increase it

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