More Questions on Indian Economy
- Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
A)1986
B)1984
C)1987
D)1989
Answer: 1987
- Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
A)1986
B)1987
C)1984
D)1989
Answer: 1987
- 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. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Thirteenth
C)Ninth
D)Eleventh
Answer: Thirteenth
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- Q. The currency convertibility concept in its original form originated in
A)Bretton Woods Agreement
B)Wells Agreement
C)Taylors Agreement
D)None of the above
Answer: Bretton Woods Agreement
- Q. Paper currency first started in India in
A)1542
B)1601
C)1861
D)1880
Answer: 1861
- Q. When personal direct taxes are subtracted from personal income the obtained value is called:
A)National Income
B)Gross National Product (GNP)
C)Gross Domestic Product (GDP)
D)Personal Income
Answer: Gross National Product (GNP)
- Q. States earn maximum revenue through
A)custom revenue
B)land revenue
C)commercial taxes
D)excise duties on intoxicants
Answer: commercial taxes
- Q. The Money Order system in India was introduced in the year :
A)1880
B)1882
C)1999
D)1904
Answer: 1880
- Q. The chairman of 13th finance Commission was:
A)K C Neogy
B)Vijay L. Kelkar.
C)Nand Kishore Singh
D)Y V Reddy
Answer: Vijay L. Kelkar.
- Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
A)to reduce the freedom given to banks to rationalize their existing branch network
B)to setup more foreign exchange banks
C)to govern entry of new private sector banks to make the banking sector more competitive
D)to lend more easily for industrial development
Answer: to govern entry of new private sector banks to make the banking sector more competitive
- Q. Gilt-edged market means
A)market of government securities
B)market of guns
C)bullion market
D)market of pure metals
Answer: market of government securities
- Q. The first wholly Indian Bank was set up in
A)1894
B)1896
C)1794
D)1902
Answer: 1894
- Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
A)SBI
B)NABARD
C)ARDC
D)PACs
Answer: NABARD
- 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. Where was first gold refinery established?
A)Shirpur (Maharashtra)
B)Ahmedabad (Gujarat)
C)Bangalore (Karnataka)
D)Mumbai (Maharashtra)
Answer: Shirpur (Maharashtra)
- Q. Reserve Bank of India will soon release plastic notes in circulation will be of :
A)Rs 20 notes
B)Rs 100 notes
C)Rs 50 notes
D)Rs 10 notes
Answer: Rs 10 notes
- Q. In the world in terms of Railway Network system India ranks:
A)first
B)fourth
C)second
D)third
Answer: fourth
- Q. Finance Commission is constituted after every:
A)5 years
B)3 years
C)6 years
D)4 years
Answer: 5 years
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