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. In India, the second largest provider of employment after agriculture is:
    A)Chemical Sector
    B)Textile Sector
    C)Iron and Steel Sector
    D)Telecommunication sector
    Answer: Textile Sector
  • 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. 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. The concept of zero-based budgeting was given by:
    A)Peter drucker
    B)Peter A. Payer.
    C)Jagdish bhagwati
    D)None of these
    Answer: Peter A. Payer.
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • 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 first fully Indian Bank is:
    A)Central Bank of India
    B)Punjab National Bank
    C)Canara Bank
    D)State Bank of India
    Answer: Punjab National Bank
  • Q. The national food for work programme was launched in:
    A)April 2003
    B)November 2004
    C)May 2002
    D)April 2000
    Answer: November 2004
  • Q. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are
    A)grant-in-aids
    B)tax sharing
    C)loans
    D)All the above
    Answer: All the above
  • Q. Government has merged Annapurna Scheme with:
    A)Ujjwala
    B)IRDP
    C)National Old Age Pension Scheme
    D)None of these
    Answer: National Old Age Pension Scheme
  • Q. India changed over to the decimal system of coinage in
    A)April 1957
    B)April 1995
    C)April 1958
    D)April 1959
    Answer: April 1957
  • 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. Which of the following items would not appear in a company’s balance sheet?
    A)Total issued capital
    B)Revenue from sales of the company's products
    C)Value of stocks of raw materials held
    D)Cash held at the bank
    Answer: Revenue from sales of the company's products
  • Q. The Indian state which was the first to release state level Human Development Report in 1995 was:
    A)Maharashtra
    B)Madhya Pradesh
    C)Kerala
    D)Tamil Nadu
    Answer: Madhya Pradesh
  • Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
    A)Total benefit received
    B)Marginal benefit received
    C)Average benefit received
    D)Ability to pay for the benefit
    Answer: Ability to pay for the benefit
  • Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
    A)Rs. 25,000 crores
    B)Rs. 1,00,000 crores
    C)Rs. 50,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores
  • Q. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
    A)81
    B)82
    C)85
    D)93
    Answer: 82
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)July 9, 1988
    C)April 12, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • 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. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the sum of budgetary deficit and net increase in internal and external borrowings
    C)the difference between current expenditure and current revenue
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings

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