Indian Economy

Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank

A
II
B
I, II
C
I
D
II, III

Correct Answer

II

More Questions on Indian Economy

  • Q. In India, which one among the following formulates the fiscal policy?
    A)Ministry of Finance
    B)Planning Commission
    C)Finance Commission
    D)The Reserve Bank of India
    Answer: Ministry of Finance
  • Q. National Rural Health mission was launched in:
    A)August 2005
    B)October 2005
    C)April 2005
    D)July 2005
    Answer: April 2005
  • Q. Gross domestic capital formation is defined as
    A)expenditure incurred on physical assets only
    B)production exceeding demand
    C)flow of expenditure devoted to increased or maintaining of the capital stock
    D)net addition to stock after depreciation
    Answer: net addition to stock after depreciation
  • Q. In the state of India, the State Financial Corporation have given assistance mainly to develop
    A)cottage industry
    B)agricultural farms
    C)large-scale industries
    D)medium and small-scale industries
    Answer: medium and small-scale industries
  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
    A)productivity in agriculture has been high enough to induce people to stay with agriculture
    B)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
    C)investment pattern has been directed towards capital intensive industries
    D)people are largely unaware of the significance of transition from agriculture to industry for econom
    Answer: investment pattern has been directed towards capital intensive industries
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
    A)II
    B)I
    C)I, II
    D)II, III
    Answer: II
  • Q. Green Banking channel has been launched by:
    A)State Bank of India
    B)Punjab National Bank
    C)Reserve Bank of India
    D)Bank of Baroda
    Answer: State Bank of India
  • 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. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
    A)Total benefit received
    B)Average benefit received
    C)Marginal benefit received
    D)Ability to pay for the benefit
    Answer: Ability to pay for the benefit
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)four-tier structure
    C)two-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • 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. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
    A)Statutory Liquid Ratio (SLR)
    B)Central Bank Reserve (CBR)
    C)Statutory Bank Ratio (SBR)
    D)Central Liquid Reserve (CLR)
    Answer: Statutory Liquid Ratio (SLR)
  • Q. The Mid Day Meal scheme was launched on
    A)August 15, 1992
    B)August 15, 1995
    C)August 15, 2000
    D)August 15, 2001
    Answer: August 15, 1995
  • Q. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Deficit Budget
    C)Balanced Budget
    D)None of the above
    Answer: Deficit Budget
  • 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. 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. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of coal
    C)Self-dependence in the production of petroleum crude oil
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. One rupee currency note in India bears the signature of-
    A)Finance minister of India
    B)Governor (RBI)
    C)The president of India
    D)Finance secretary of Government of India
    Answer: Finance secretary of Government of India

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