More Questions on Indian Economy
- Q. Fiscal deficit in the Union Budget means
A)net increase in Union Governments borrowings from the Reserve Bank of India
B)the sum of budgetary deficit and net increase in internal and external borrowings
C)the difference between current expenditure and current revenue
D)the sum of monetized deficit and budgetary deficit
Answer: the sum of budgetary deficit and net increase in internal and external borrowings
- 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 main rubber producing state in the country is:
A)Tamil Nadu
B)Kerala
C)Karnataka
D)Hyderabad
Answer: Kerala
- 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. 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. 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)Cash Reserve Ratio (CRR)
C)Bank rate
D)Mandatory deposit
Answer: Cash Reserve Ratio (CRR)
- 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. 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 current price index (base 1960) is nearly 330. This means that
A)the prices of certain selected items have gone up to 3-3 times
B)all items cost 3-3 times more than what they did in 1960
C)weighted means of prices of certain item has increased 3-3 times
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. Asia’s first Export processing Zone (EPZ) was established in:
A)Cochin
B)Kandla
C)Surat
D)Chennai
Answer: Kandla
- Q. Excess of Total Expenditure over total Receipts is :
A)Surplus Budget
B)Balanced Budget
C)Deficit Budget
D)None of the above
Answer: Deficit Budget
- Q. The Mid Day Meal scheme was launched on
A)August 15, 1992
B)August 15, 2000
C)August 15, 1995
D)August 15, 2001
Answer: August 15, 1995
- Q. The first wholly Indian Bank was set up in
A)1894
B)1794
C)1896
D)1902
Answer: 1894
- Q. The first fully Indian Bank is:
A)Central Bank of India
B)Punjab National Bank
C)Canara Bank
D)State Bank of India
Answer: Punjab National Bank
- Q. SEBI which was established in April 1988 stands for:
A)Securities and Exchange Board of India
B)Securities and Exchange Bureau of India
C)Share and Exchange Board of India
D)Security and Economic Board of India
Answer: Securities and Exchange Board of India
- Q. Debenture holders of a company are its
A)creditors
B)shareholders
C)debtors
D)directors
Answer: creditors
- Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
A)Total benefit received
B)Marginal benefit received
C)Average benefit received
D)Ability to pay for the benefit
Answer: Ability to pay for the benefit
- Q. Which of the following is not viewed as a national debt?
A)Life Insurance Policies
B)National Saving Certificate
C)Provident Fund
D)Long-term Government Bonds
Answer: National Saving Certificate
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)RBI
C)big businessmen
D)IMF
Answer: RBI
- Q. Since the inception of the co-operative movement, rural credits has been
A)rationalized
B)institutionalized
C)cheapened
D)All of the above
Answer: All of the above
- Geography
- History
- Indian Culture
- Indian Economy
- Indian Politics
- Indian Railway
- Sports
- State