More Questions on Indian Economy
- Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
A)SBI
B)ARDC
C)NABARD
D)PACs
Answer: NABARD
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)big businessmen
C)RBI
D)IMF
Answer: RBI
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of flower
C)production of tea
D)production of paddy
Answer: production of oil seeds.
- 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. The budget deficit means
A)difference between revenue receipts and revenue expenditure
B)the excess of total expenditure, including loans, net of lending over revenue receipts
C)difference between all receipts and all the expenditure
D)fiscal deficit less interest payments
Answer: difference between all receipts and all the expenditure
- Q. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
A)Statutory Liquid Ratio (SLR)
B)Central Bank Reserve (CBR)
C)Statutory Bank Ratio (SBR)
D)Central Liquid Reserve (CLR)
Answer: Statutory Liquid Ratio (SLR)
- 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 main rubber producing state in the country is:
A)Tamil Nadu
B)Karnataka
C)Kerala
D)Hyderabad
Answer: Kerala
- Q. ICICI is the name of a
A)bureau
B)chemical industry
C)corporation
D)financial institution
Answer: financial institution
- 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. The Indian state which was the first to release state level Human Development Report in 1995 was:
A)Maharashtra
B)Kerala
C)Madhya Pradesh
D)Tamil Nadu
Answer: Madhya Pradesh
- Q. India’s share in textiles trade of the world is:
A)6%
B)8%
C)4%
D)10%
Answer: 6%
- 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. Deficit financing implies
A)replacing new currency with worn out currency
B)public expenditure in excess of public revenue
C)printing new currency notes
D)public revenue in excess of public expenditure
Answer: public expenditure in excess of public revenue
- 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. In India, inflation measured by the
A)Consumers Price Index for urban non-manual workers
B)Wholesale Price Index number
C)Consumers Price Index for agricultural workers
D)National Income Deflation
Answer: Wholesale Price Index number
- Q. As per the 2009-10, data the commodity with highest share in total export value was:
A)Engineering goods
B)Petroleum products
C)Gems and Jewellery.
D)Rice
Answer: Gems and Jewellery.
- 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 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. 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
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