Indian Economy

Q. Paper currency first started in India in

A
1542
B
1601
C
1861
D
1880

Correct Answer

1861

More Questions on Indian Economy

  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)Bimal Jalan
    C)K.V. Kamath
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
    A)1998
    B)1999
    C)1997
    D)2000
    Answer: 1999
  • Q. In Global Hunger Index (GHI) India has been ranked at:
    A)102nd place among 117 developing countries
    B)105th place among 117 developing countries
    C)96th place among 119 developing countries
    D)109th place among 117 developing countries
    Answer: 102nd place among 117 developing countries
  • 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 Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 1999
    C)the year 2000
    D)the year 2002
    Answer: the year 1999
  • Q. Devaluation of a currency means
    A)reduction in external value/exchange value of currency by the government
    B)fall in exchange value of a country by market forces
    C)reduction in currency value due to wear and tear
    D)all of the above
    Answer: reduction in external value/exchange value of currency by the government
  • 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. Depreciation means
    A)closure of a plant due to labour trouble
    B)loss of equipment over time due to wear and tear
    C)closure of a plant due to lock out
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear
  • 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. During which five year plan was the annual growth rate registered at 2.5%?
    A)First Five Year Plan (1961-66)
    B)Fourth Five Year Plan (1961-66)
    C)Second Five Year Plan (1961-66)
    D)Third Five Year Plan (1961-66)
    Answer: Third Five Year Plan (1961-66)
  • Q. The annual yield from which of the following Union Government taxes is the highest?
    A)Corporation tax and income tax
    B)Inheritance tax, wealth tax, interest tax and gift tax
    C)Custom duties
    D)Excise duties
    Answer: Excise duties
  • Q. Which company has started a rural marketing network called e-Chaupals?
    A)Dabur
    B)Procor and Gamble
    C)ITC
    D)Hindustan liver
    Answer: ITC
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)5 months
    C)12 months
    D)15 months
    Answer: 12 months
  • Q. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are
    A)grant-in-aids
    B)tax sharing
    C)loans
    D)All the above
    Answer: All the above
  • Q. Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by:
    A)Madhya Pradesh government
    B)Uttar Pradesh government
    C)Haryana
    D)none of the above
    Answer: Madhya Pradesh government
  • Q. In the second nationalization of commercial banks, ___ banks were nationalized.
    A)5
    B)6
    C)4
    D)8
    Answer: 6
  • Q. Open market operation is a part of:
    A)Debit Policy
    B)Credit Policy
    C)Deposit Policy
    D)None of these
    Answer: Credit Policy
  • Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
    A)Konkan Railway Corporation Limited
    B)Indian Railways Construction Company Limited
    C)Container Corporation of India Limited
    D)Diesel Locomotive Works, Varanasi
    Answer: Indian Railways Construction Company Limited
  • Q. India’s share in textiles trade of the world is:
    A)6%
    B)8%
    C)4%
    D)10%
    Answer: 6%
  • 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)

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