More Questions on Indian Economy
- 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)Cash Reserve Ratio (CRR)
C)Bank rate
D)Mandatory deposit
Answer: Cash Reserve Ratio (CRR)
- 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. 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 first multi–purpose river valley project of independent India is:
A)Damodar
B)Bhakra-Nangal
C)Hirakud
D)Nagarjunasagar
Answer: Damodar
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1964
C)1968
D)1970
Answer: 1964
- 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. Deficit financing leads to inflation in general, but it can be checked if
A)only aggregate demand is increased
B)all the expenditure is denoted national debt payment only
C)government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
D)All of the above
Answer: All of the above
- Q. Earn While you Learn scheme has been launched by:
A)Ministry of Youth
B)Ministry of Tourism
C)Both A and B
D)None of these
Answer: Ministry of Tourism
- Q. ICICI is the name of a
A)bureau
B)chemical industry
C)corporation
D)financial institution
Answer: financial institution
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1968
C)1964
D)1970
Answer: 1964
- Q. The ARDC is now a branch of the
A)NABARD
B)RBI
C)IDBI
D)SDBI
Answer: NABARD
- Q. In Global Hunger Index (GHI) India has been ranked at:
A)102nd place among 117 developing countries
B)96th place among 119 developing countries
C)105th place among 117 developing countries
D)109th place among 117 developing countries
Answer: 102nd place among 117 developing countries
- 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)Copper Area Development
C)Command Area Development (CAD)
D)Cop Authority Development
Answer: Command Area Development (CAD)
- Q. Redistribution polices geared to reduce economic inequalities include
A)land reforms
B)rural development policies
C)progressive tax policies
D)All the above
Answer: All the above
- 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)State Road Transport Corporations
C)commercial irrigation projects
D)All of the above
Answer: commercial irrigation projects
- 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. The Money Order system in India was introduced in the year :
A)1880
B)1882
C)1999
D)1904
Answer: 1880
- Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
A)Deutsche Mark
B)Japanese Yen
C)Euro
D)French Franc
Answer: Deutsche Mark
- Q. The association of the rupee with pound sterling as the intervention currency was broken in
A)1991
B)1990
C)1992
D)1993
Answer: 1992
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