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. Devaluation of currency leads to
    A)increase in domestic prices
    B)no impact on domestic prices
    C)fall in domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)April 12, 1988
    C)July 9, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)5 months
    C)12 months
    D)15 months
    Answer: 12 months
  • Q. Subsidies mean
    A)payment made by business enterprises to factors of production
    B)payment by government for purchase of goods and services
    C)payment made by companies to shareholders
    D)payment made by the government to business enterprises, without buying any goods and services
    Answer: payment made by the government to business enterprises, without buying any goods and services
  • Q. If the RBI adopted an expansionist open market operations policy, this means that it will
    A)sell securities in the open market
    B)buy securities from non-government holders
    C)offer commercial banks more credit in the open market
    D)openly announce to the market that it intends to expand credit
    Answer: offer commercial banks more credit in the open market
  • Q. On July 12, 1982, the ARDC was merged into
    A)NABARD
    B)EXIM Bank
    C)RBI
    D)None of the above
    Answer: NABARD
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)printing new currency notes
    C)public expenditure in excess of public revenue
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. The Mid Day Meal scheme was launched on
    A)August 15, 1992
    B)August 15, 1995
    C)August 15, 2000
    D)August 15, 2001
    Answer: August 15, 1995
  • Q. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Deficit Budget
    C)Balanced Budget
    D)None of the above
    Answer: Deficit Budget
  • 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. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Rajasthan
    C)Maharashtra
    D)Andhra Pradesh
    Answer: Maharashtra
  • 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. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
    A)1 per 10000 births
    B)1 per 1000 births
    C)1 per 100 births
    D)1 per 10 births
    Answer: 1 per 1000 births
  • 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. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
    A)8.0% in 2011-12
    B)8.5% in 2011-12
    C)8.2% in 2011-12
    D)7.8% in 2011-12
    Answer: 8.0% in 2011-12
  • Q. Project ‘Sankalp’ is associated with the elimination of:
    A)AIDS/HIV
    B)Polio
    C)Both A and B
    D)None of the above
    Answer: AIDS/HIV
  • Q. The ARDC is now a branch of the
    A)NABARD
    B)RBI
    C)IDBI
    D)SDBI
    Answer: NABARD
  • Q. Revenue of the state governments are raised from the following sources, except
    A)expenditure tax
    B)entertainment tax
    C)agricultural income tax
    D)land revenue
    Answer: agricultural income tax
  • Q. Who is the author of the book Man and Economics?
    A)Robert Mundel
    B)Myron Scholes
    C)Rudi Dornbusch
    D)George Akerlof
    Answer: Robert Mundel
  • Q. In Global Hunger Index (GHI) India has been ranked at:
    A)102nd place among 117 developing countries
    B)105th place among 117 developing countries
    C)96th place among 119 developing countries
    D)109th place among 117 developing countries
    Answer: 102nd place among 117 developing countries

Leave a Comment