More Questions on Indian Economy
- Q. ICICI is the name of a
A)bureau
B)corporation
C)chemical industry
D)financial institution
Answer: financial institution
- Q. During which five Year plan was phase of heavy industrialization initiated?
A)First five year plan
B)Second five year plan.
C)Third five year plan
D)Fourth five year plan
Answer: Second five year plan.
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Custom duties
C)Inheritance tax, wealth tax, interest tax and gift tax
D)Excise duties
Answer: Excise duties
- Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
A)the year 1999
B)the year 1998
C)the year 2005
D)the year 1990
Answer: the year 1999
- 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. 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. 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. In India the first bank of limited liability managed by Indian and founded in 1881 was:
A)Hindustan Commercial Bank
B)Punjab National Bank
C)Oudh commercial Bank.
D)Punjab and Sind Bank
Answer: Oudh commercial Bank.
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of tea
C)production of flower
D)production of paddy
Answer: production of oil seeds.
- 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. 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. Gilt-edged market means
A)market of government securities
B)bullion market
C)market of guns
D)market of pure metals
Answer: market of government securities
- Q. Securities and Exchange Board of India (SEBI) was established on:
A)July 12, 1982
B)July 9, 1988
C)April 12, 1988
D)July 5, 1995
Answer: April 12, 1988
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- 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. Unit Trust of India (UTI) was established in:
A)1904
B)1964
C)1968
D)1970
Answer: 1964
- 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. 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. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1971
C)1970
D)1968
Answer: 1969
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)RBI
C)The Comptroller General of Accounts
D)None of these
Answer: The Comptroller General of Accounts
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