Q. In India the term Black Revolution is associated with:

Correct Answer

Self-dependence in the production of petroleum crude oil

More Questions on Indian Economy

  • Q. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:
    A)Cordial Area Development
    B)Command Area Development (CAD)
    C)Copper Area Development
    D)Cop Authority Development
    Answer: Command Area Development (CAD)
  • Q. Devaluation of currency will be more beneficial if
    A)prices of exports remain constant
    B)prices of domestic goods remain constant
    C)prices of imports remains constant
    D)prices of exports rise proportionately
    Answer: prices of exports remain constant
  • Q. Which of the following is the most appropriate cause of export surplus?
    A)Country's stringent import policy
    B)Country's exports promotion value
    C)Developments in national and international markets
    D)None of the above
    Answer: Developments in national and international markets
  • 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. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Nand Kishore Singh
    C)Vijay L. Kelkar.
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • Q. Subsidies mean
    A)payment made by business enterprises to factors of production
    B)payment made by companies to shareholders
    C)payment by government for purchase of goods and services
    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. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • 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. Which of the following is not a part of machinery that settles industrial disputes?
    A)Works Committee
    B)Wage Court
    C)Conciliation officers
    D)Board of Conciliation
    Answer: Wage Court
  • 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. Devaluation of currency will be more beneficial if
    A)prices of exports remain constant
    B)prices of imports remains constant
    C)prices of domestic goods remain constant
    D)prices of exports rise proportionately
    Answer: prices of exports remain constant
  • Q. The condition of indirect taxes in the country’s revenue is approximately
    A)75 percent
    B)70 percent
    C)80 percent
    D)86 percent
    Answer: 86 percent
  • 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. 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 govern entry of new private sector banks to make the banking sector more competitive
    C)to setup more foreign exchange banks
    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. A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
    A)Statutory Liquidity Ratio (SLR)
    B)Bank rate
    C)Cash Reserve Ratio (CRR)
    D)Mandatory deposit
    Answer: Cash Reserve Ratio (CRR)
  • Q. The first fully Indian Bank is:
    A)Central Bank of India
    B)Canara Bank
    C)Punjab National Bank
    D)State Bank of India
    Answer: Punjab National Bank
  • Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
    A)1986
    B)2006
    C)1982
    D)1975
    Answer: 1975
  • 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. Meera Seth committee was associated with:
    A)sex discrimination at work place
    B)female foeticide
    C)the development of handloom industry.
    D)banking sector
    Answer: the development of handloom industry.
  • Q. In the World, in the production of cotton, India ranks:
    A)First
    B)Second
    C)Third
    D)Fourth
    Answer: Second

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