Indian Economy

Q. In the state of India, the State Financial Corporation have given assistance mainly to develop

A
cottage industry
B
large-scale industries
C
agricultural farms
D
medium and small-scale industries

Correct Answer

medium and small-scale industries

More Questions on Indian Economy

  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. Finance Commission is constituted after every:
    A)5 years
    B)6 years
    C)3 years
    D)4 years
    Answer: 5 years
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)K.V. Kamath
    C)Bimal Jalan
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. Who is the author of the book Man and Economics?
    A)Robert Mundel
    B)Myron Scholes
    C)Rudi Dornbusch
    D)George Akerlof
    Answer: Robert Mundel
  • 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. The Ex-Officio Secretary of National Development Council is:
    A)General Secretary of Lok Sabha
    B)Secretary of Planning Commission
    C)Secretary of Finance Ministry
    D)Vice Chairman of Planning Commission
    Answer: Secretary of Planning Commission
  • Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
    A)83 percent
    B)90 percent
    C)80 percent
    D)100 percent
    Answer: 100 percent
  • 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. 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
  • Q. SEBI which was established in April 1988 stands for:
    A)Securities and Exchange Board of India
    B)Share and Exchange Board of India
    C)Securities and Exchange Bureau of India
    D)Security and Economic Board of India
    Answer: Securities and Exchange Board of India
  • Q. ICICI is the name of a
    A)bureau
    B)corporation
    C)chemical industry
    D)financial institution
    Answer: financial institution
  • Q. Inflation is measured in India on the basis of which ‘Index’?
    A)Consumer Price Index for urban workers
    B)Wholesale Price Index
    C)Consumer Price Index for agricultural workers
    D)National income deflation
    Answer: Wholesale Price Index
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the difference between current expenditure and current revenue
    C)the sum of budgetary deficit and net increase in internal and external borrowings
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. Since the inception of the co-operative movement, rural credits has been
    A)rationalized
    B)cheapened
    C)institutionalized
    D)All of the above
    Answer: All of the above
  • Q. On July 12, 1982, the ARDC was merged into
    A)NABARD
    B)RBI
    C)EXIM Bank
    D)None of the above
    Answer: NABARD
  • Q. The association of the rupee with pound sterling as the intervention currency was broken in
    A)1991
    B)1992
    C)1990
    D)1993
    Answer: 1992
  • Q. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • 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 the World, in the production of cotton, India ranks:
    A)First
    B)Second
    C)Third
    D)Fourth
    Answer: Second
  • Q. The total number of national highways in the country is:
    A)528
    B)228
    C)328
    D)499
    Answer: E

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