More Questions on Indian Economy
- 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. The first fully Indian Bank is:
A)Central Bank of India
B)Punjab National Bank
C)Canara Bank
D)State Bank of India
Answer: Punjab National Bank
- Q. Income tax in India was introduced by:
A)James Wilson
B)Nicholas Kaldor
C)William Jones
D)Mahavir Tyagi
Answer: James Wilson
- 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. Which state of India ranks first in milk production as per the data of the year 2009-10?
A)Jharkhand
B)Uttar Pradesh
C)Bihar
D)West Bengal
Answer: Uttar Pradesh
- Q. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)March 10, 2008
C)November 14, 2011
D)October 2, 2007
Answer: October 2, 2007
- Q. Revenue of the state governments are raised from the following sources, except
A)expenditure tax
B)entertainment tax
C)agricultural income tax
D)land revenue
Answer: agricultural income tax
- Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
A)75000 Megawatt
B)100000 Megawatt.
C)50000 Megawatt
D)125000 Megawatt
Answer: 100000 Megawatt.
- Q. Inflation is measured in India on the basis of which ‘Index’?
A)Consumer Price Index for urban workers
B)Consumer Price Index for agricultural workers
C)Wholesale Price Index
D)National income deflation
Answer: Wholesale Price Index
- 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)weighted means of prices of certain item has increased 3-3 times
C)all items cost 3-3 times more than what they did in 1960
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A)Services sector
B)Chemicals other than fertilizers
C)Food processing
D)Telecommunication
Answer: Telecommunication
- 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. 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. In coal production, India ranks in the world:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- Q. India’s share in textiles trade of the world is:
A)6%
B)8%
C)4%
D)10%
Answer: 6%
- Q. The first fully Indian Bank is:
A)Central Bank of India
B)Canara Bank
C)Punjab National Bank
D)State Bank of India
Answer: Punjab National Bank
- Q. States earn maximum revenue through
A)custom revenue
B)commercial taxes
C)land revenue
D)excise duties on intoxicants
Answer: commercial taxes
- Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
A)Essar Oil
B)Reliance Energy
C)GAIL
D)ONGC
Answer: Essar Oil
- Q. Which state of India ranks first in milk production as per the data of the year 2009-10?
A)Jharkhand
B)Bihar
C)Uttar Pradesh
D)West Bengal
Answer: Uttar Pradesh
- Q. At present, the number of nationalized banks are:
A)17
B)19
C)15
D)12
Answer: 12
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