Indian Economy

Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was

A
Oudh Commercial Bank
B
Punjab National Bank
C
Hindustan Commercial Bank
D
Punjab and Sind Bank

Correct Answer

Oudh Commercial Bank

More Questions on Indian Economy

  • Q. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
    A)productivity in agriculture has been high enough to induce people to stay with agriculture
    B)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
    C)investment pattern has been directed towards capital intensive industries
    D)people are largely unaware of the significance of transition from agriculture to industry for econom
    Answer: investment pattern has been directed towards capital intensive industries
  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)October 15, 1999
    C)September 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:
    A)Cordial Area Development
    B)Copper Area Development
    C)Command Area Development (CAD)
    D)Cop Authority Development
    Answer: Command Area Development (CAD)
  • Q. In India the first bank of limited liability managed by Indian and founded in 1881 was:
    A)Hindustan Commercial Bank
    B)Punjab National Bank
    C)Oudh commercial 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. Who gave the call for Evergreen Revolution?
    A)Verghese Kurien
    B)M. S. Swaminathan
    C)Tribhuvandas Patel
    D)H. M. Dalaya
    Answer: M. S. Swaminathan
  • Q. In the second nationalization of commercial banks, ___ banks were nationalized.
    A)5
    B)4
    C)6
    D)8
    Answer: 6
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of petroleum crude oil
    C)Self-dependence in the production of coal
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • 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. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
    A)83 percent
    B)80 percent
    C)90 percent
    D)100 percent
    Answer: 100 percent
  • Q. Reserve Bank of India was nationalized in the year
    A)1945
    B)1949
    C)1935
    D)1969
    Answer: 1949
  • 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. National Income estimates in India is prepared by:
    A)Reserve Bank Of India
    B)Central Statistical Organisation (CSO)
    C)Planning Commission
    D)Indian Statistical Institute
    Answer: Central Statistical Organisation (CSO)
  • 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. The first fully Indian Bank is:
    A)Central Bank of India
    B)Canara Bank
    C)Punjab National Bank
    D)State Bank of India
    Answer: Punjab National Bank
  • Q. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I=interest payments II=subsidies III=defence IV=irrigation
    A)I
    B)I, II
    C)I, II, III
    D)II, III, IV
    Answer: I, II, III
  • Q. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry
    A)I, II
    B)I, II, III
    C)I, III
    D)II, III
    Answer: I, II, III
  • 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. Development expenditure of the Central government does not include
    A)expenditure on economic services
    B)defence expenditure
    C)expenditure on social and community services
    D)grant to states
    Answer: defence expenditure
  • Q. Open market operation is a part of:
    A)Debit Policy
    B)Deposit Policy
    C)Credit Policy
    D)None of these
    Answer: Credit Policy

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