More Questions on Indian Economy
- Q. The Foreign Exchange Management Act(FEMA) was passed in:
A)the year 2005
B)the year 2000
C)the year 1999
D)the year 2002
Answer: the year 1999
- Q. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
A)equal to government income
B)larger than government income
C)zero
D)negative
Answer: equal to government income
- Q. How many banks were nationalized in 1969?
A)14
B)15
C)16
D)20
Answer: 14
- 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 co-operative credit societies have a
A)three-tier structure
B)two-tier structure
C)four-tier structure
D)five-tier structure
Answer: three-tier structure
- Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1970
C)1971
D)1968
Answer: 1969
- 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. 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. National expenditure includes
A)investment expenditure
B)consumption expenditure
C)government expenditure
D)All of the above
Answer: All of the above
- Q. Who is the author of the book Man and Economics?
A)Robert Mundel
B)Rudi Dornbusch
C)Myron Scholes
D)George Akerlof
Answer: Robert Mundel
- 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)8.2% in 2011-12
C)8.5% in 2011-12
D)7.8% in 2011-12
Answer: 8.0% in 2011-12
- Q. The Indian state which was the first to release state level Human Development Report in 1995 was:
A)Maharashtra
B)Kerala
C)Madhya Pradesh
D)Tamil Nadu
Answer: Madhya Pradesh
- Q. The Money Order system in India was introduced in the year :
A)1880
B)1882
C)1999
D)1904
Answer: 1880
- 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. National Rural Health mission was launched in:
A)August 2005
B)April 2005
C)October 2005
D)July 2005
Answer: April 2005
- Q. Asia’s first Export processing Zone (EPZ) was established in:
A)Cochin
B)Kandla
C)Surat
D)Chennai
Answer: Kandla
- Q. States earn maximum revenue through
A)custom revenue
B)commercial taxes
C)land revenue
D)excise duties on intoxicants
Answer: commercial taxes
- Q. Gilt-edged market means
A)market of government securities
B)market of guns
C)bullion market
D)market of pure metals
Answer: market of government securities
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)The Comptroller General of Accounts
C)RBI
D)None of these
Answer: The Comptroller General of Accounts
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)6
C)4
D)8
Answer: 6
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