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. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will decrease
    C)will neither increase nor decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • Q. Non Tax revenues can be increased by improving the working of the
    A)electricity boards
    B)State Road Transport Corporations
    C)commercial irrigation projects
    D)All of the above
    Answer: commercial irrigation projects
  • Q. The Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 1999
    C)the year 2000
    D)the year 2002
    Answer: the year 1999
  • Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)South Korea
    C)Taiwan
    D)Japan
    Answer: Japan
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)progressive tax policies
    C)rural development policies
    D)All the above
    Answer: All the above
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
    A)1986
    B)1987
    C)1984
    D)1989
    Answer: 1987
  • 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. 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. Non Tax revenues can be increased by improving the working of the
    A)electricity boards
    B)commercial irrigation projects
    C)State Road Transport Corporations
    D)All of the above
    Answer: commercial irrigation projects
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)farmers
    C)land development banks
    D)central government
    Answer: state co-operative banks
  • Q. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
    A)Statutory Liquid Ratio (SLR)
    B)Statutory Bank Ratio (SBR)
    C)Central Bank Reserve (CBR)
    D)Central Liquid Reserve (CLR)
    Answer: Statutory Liquid Ratio (SLR)
  • 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. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
    A)the year 1999
    B)the year 2005
    C)the year 1998
    D)the year 1990
    Answer: the year 1999
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)big businessmen
    C)RBI
    D)IMF
    Answer: RBI
  • 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, III
    C)I, II
    D)II, III, IV
    Answer: I, II, III
  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
    A)Services sector
    B)Chemicals other than fertilizers
    C)Food processing
    D)Telecommunication
    Answer: Telecommunication
  • 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. Meera Seth committee was related to:
    A)sex discrimination at work place
    B)Development of Handlooms
    C)female foeticide
    D)Banking sector
    Answer: Development of Handlooms

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