More Questions on Indian Economy
- Q. The Money Order system in India was introduced in the year :
A)1880
B)1882
C)1999
D)1904
Answer: 1880
- 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. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
C)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- Q. At present, the number of nationalized banks are:
A)17
B)19
C)15
D)12
Answer: 12
- Q. How many banks were nationalized in 1969?
A)14
B)15
C)16
D)20
Answer: 14
- Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
A)Conservation of river water
B)Protection of birds
C)Conservation of Forests
D)Protection of cheetals
Answer: Conservation of Forests
- Q. Reserve Bank of India was nationalized in the year
A)1945
B)1949
C)1935
D)1969
Answer: 1949
- Q. The main rubber producing state in the country is:
A)Tamil Nadu
B)Karnataka
C)Kerala
D)Hyderabad
Answer: Kerala
- Q. When personal direct taxes are subtracted from personal income the obtained value is called:
A)National Income
B)Gross Domestic Product (GDP)
C)Gross National Product (GNP)
D)Personal Income
Answer: Gross National Product (GNP)
- Q. National food for Work programme aimed at intensifying the generation of supplementary wage employment was launched in:
A)September 2003
B)November 2004
C)October 2004
D)January 2004
Answer: November 2004
- Q. Where was first gold refinery established?
A)Shirpur (Maharashtra)
B)Ahmedabad (Gujarat)
C)Bangalore (Karnataka)
D)Mumbai (Maharashtra)
Answer: Shirpur (Maharashtra)
- Q. Finance Commission is constituted after every:
A)5 years
B)3 years
C)6 years
D)4 years
Answer: 5 years
- Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
A)China
B)Taiwan
C)South Korea
D)Japan
Answer: Japan
- 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. During which five Year plan was phase of heavy industrialization initiated?
A)First five year plan
B)Second five year plan.
C)Third five year plan
D)Fourth five year plan
Answer: Second five year plan.
- Q. Finance Commission is constituted after every:
A)5 years
B)6 years
C)3 years
D)4 years
Answer: 5 years
- Q. ICICI is the name of a
A)bureau
B)chemical industry
C)corporation
D)financial institution
Answer: financial institution
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)RBI
C)big businessmen
D)IMF
Answer: RBI
- Q. The national food for work programme was launched in:
A)April 2003
B)May 2002
C)November 2004
D)April 2000
Answer: November 2004
- Q. Asia’s first Export processing Zone (EPZ) was established in:
A)Cochin
B)Kandla
C)Surat
D)Chennai
Answer: Kandla
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