More Questions on Indian Economy
- Q. Development expenditure of the Central government does not include
A)expenditure on economic services
B)expenditure on social and community services
C)defence expenditure
D)grant to states
Answer: defence expenditure
- 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)zero
C)larger than government income
D)negative
Answer: equal to government income
- 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. 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. The Money Order system in India was introduced in the year :
A)1880
B)1999
C)1882
D)1904
Answer: 1880
- 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. A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
A)Statutory Liquidity Ratio (SLR)
B)Bank rate
C)Cash Reserve Ratio (CRR)
D)Mandatory deposit
Answer: Cash Reserve Ratio (CRR)
- Q. The main rubber producing state in the country is:
A)Tamil Nadu
B)Karnataka
C)Kerala
D)Hyderabad
Answer: Kerala
- 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. In April 1980 how many banks were nationalized?
A)eight banks
B)five banks
C)six banks
D)nine banks
Answer: six banks
- 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)Kerala
C)Andhra Pradesh
D)Karnataka
Answer: Karnataka
- Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
A)Conservation of river water
B)Conservation of Forests
C)Protection of birds
D)Protection of cheetals
Answer: Conservation of Forests
- Q. On July 12, 1982, the ARDC was merged into
A)NABARD
B)RBI
C)EXIM Bank
D)None of the above
Answer: NABARD
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of domestic goods remain constant
C)prices of imports remains constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. Who is the author of the book Man and Economics?
A)Robert Mundel
B)Myron Scholes
C)Rudi Dornbusch
D)George Akerlof
Answer: Robert Mundel
- 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. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of imports remains constant
C)prices of domestic goods remain constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. In India, the second largest provider of employment after agriculture is:
A)Chemical Sector
B)Textile Sector
C)Iron and Steel Sector
D)Telecommunication sector
Answer: Textile Sector
- Q. Green Banking channel has been launched by:
A)State Bank of India
B)Punjab National Bank
C)Reserve Bank of India
D)Bank of Baroda
Answer: State Bank of India
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