Indian Economy

Q. India changed over to the decimal system of coinage in

A
April 1957
B
April 1958
C
April 1995
D
April 1959

Correct Answer

April 1957

More Questions on Indian Economy

  • Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
    A)83 percent
    B)80 percent
    C)90 percent
    D)100 percent
    Answer: 100 percent
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)12 months
    C)5 months
    D)15 months
    Answer: 12 months
  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)September 15, 1999
    C)October 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
    A)Oudh Commercial Bank
    B)Hindustan Commercial Bank
    C)Punjab National Bank
    D)Punjab and Sind Bank
    Answer: Oudh Commercial Bank
  • Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
    A)Deutsche Mark
    B)Euro
    C)Japanese Yen
    D)French Franc
    Answer: Deutsche Mark
  • 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. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Balanced Budget
    C)Deficit Budget
    D)None of the above
    Answer: Deficit Budget
  • Q. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Rajasthan
    C)Maharashtra
    D)Andhra Pradesh
    Answer: Maharashtra
  • 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. 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’s share in textiles trade of the world is:
    A)6%
    B)8%
    C)4%
    D)10%
    Answer: 6%
  • Q. During which five Year plan was phase of heavy industrialization initiated?
    A)First five year plan
    B)Third five year plan
    C)Second five year plan.
    D)Fourth five year plan
    Answer: Second five year plan.
  • Q. In India, inflation measured by the
    A)Consumers Price Index for urban non-manual workers
    B)Consumers Price Index for agricultural workers
    C)Wholesale Price Index number
    D)National Income Deflation
    Answer: Wholesale Price Index number
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)60%
    C)75%
    D)80%
    Answer: 80%
  • Q. The current price index (base 1960) is nearly 330. This means that
    A)the prices of certain selected items have gone up to 3-3 times
    B)all items cost 3-3 times more than what they did in 1960
    C)weighted means of prices of certain item has increased 3-3 times
    D)gold price has gone up 3-3 times
    Answer: weighted means of prices of certain item has increased 3-3 times
  • 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. Asia’s first Export processing Zone (EPZ) was established in:
    A)Cochin
    B)Surat
    C)Kandla
    D)Chennai
    Answer: Kandla
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)the excess of total expenditure, including loans, net of lending over revenue receipts
    C)difference between all receipts and all the expenditure
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
    A)Regional Rural Banks
    B)State Trading Corporation
    C)National Bank for Agriculture and Rural Development (NABARD)
    D)Indian Council of Agricultural Research
    Answer: Indian Council of Agricultural Research
  • Q. Development expenditure of the Central government does not include
    A)expenditure on economic services
    B)defence expenditure
    C)expenditure on social and community services
    D)grant to states
    Answer: defence expenditure

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