Indian Economy

Q. The first fully Indian Bank is:

A
Central Bank of India
B
Canara Bank
C
Punjab National Bank
D
State Bank of India

Correct Answer

Punjab National Bank

More Questions on Indian Economy

  • Q. Whose name is associated with formulation of planning strategy in Second five Year plan?
    A)Jawahar Lal Nehru
    B)Prasanta Chandra Mahalanobis
    C)Mahatma Gandhi
    D)B.R. Shenoy
    Answer: Prasanta Chandra Mahalanobis
  • 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
  • Q. The total number of national highways in the country is:
    A)528
    B)328
    C)228
    D)499
    Answer: E
  • 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 the state of India, the State Financial Corporation have given assistance mainly to develop
    A)cottage industry
    B)large-scale industries
    C)agricultural farms
    D)medium and small-scale industries
    Answer: medium and small-scale industries
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)K.V. Kamath
    C)Bimal Jalan
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I=interest payments II=subsidies III=defence IV=irrigation
    A)I
    B)I, II
    C)I, II, III
    D)II, III, IV
    Answer: I, II, III
  • Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
    A)Total benefit received
    B)Marginal benefit received
    C)Average benefit received
    D)Ability to pay for the benefit
    Answer: Ability to pay for the benefit
  • Q. The first multi–purpose river valley project of independent India is:
    A)Damodar
    B)Hirakud
    C)Bhakra-Nangal
    D)Nagarjunasagar
    Answer: Damodar
  • Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
    A)Bank of Baroda
    B)Punjab National Bank
    C)State Bank of India
    D)Central Bank of India
    Answer: Punjab National Bank
  • 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. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry
    A)I, II
    B)I, III
    C)I, II, III
    D)II, III
    Answer: I, II, III
  • Q. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Kerala
    C)Andhra Pradesh
    D)Karnataka
    Answer: Karnataka
  • Q. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:
    A)Cordial Area Development
    B)Command Area Development (CAD)
    C)Copper Area Development
    D)Cop Authority Development
    Answer: Command Area Development (CAD)
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)difference between all receipts and all the expenditure
    C)the excess of total expenditure, including loans, net of lending over revenue receipts
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. National food for Work programme aimed at intensifying the generation of supplementary wage employment was launched in:
    A)September 2003
    B)October 2004
    C)November 2004
    D)January 2004
    Answer: November 2004
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1794
    C)1896
    D)1902
    Answer: 1894
  • 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. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
    A)II, III
    B)I, II, III
    C)I, III
    D)I, II
    Answer: I, II
  • Q. The Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 2000
    C)the year 1999
    D)the year 2002
    Answer: the year 1999

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