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. Which of the following is the most appropriate cause of export surplus?
    A)Country's stringent import policy
    B)Country's exports promotion value
    C)Developments in national and international markets
    D)None of the above
    Answer: Developments in national and international markets
  • 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
    Answer: II
  • Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
    A)SBI
    B)ARDC
    C)NABARD
    D)PACs
    Answer: NABARD
  • 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)Food processing
    C)Chemicals other than fertilizers
    D)Telecommunication
    Answer: Telecommunication
  • Q. Ten rupee notes contain the signature of:
    A)Chairman, SBI
    B)Finance Secretary, GOI
    C)Governor, RBI
    D)Finance Minister , GOI
    Answer: Governor, RBI
  • 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)loans
    C)tax sharing
    D)All the above
    Answer: All the above
  • Q. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Maharashtra
    C)Rajasthan
    D)Andhra Pradesh
    Answer: Maharashtra
  • Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
    A)decrease it
    B)no impact
    C)increase it
    D)None of the above
    Answer: increase it
  • 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. Meera Seth committee was related to:
    A)sex discrimination at work place
    B)female foeticide
    C)Development of Handlooms
    D)Banking sector
    Answer: Development of Handlooms
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)rural development policies
    C)progressive tax policies
    D)All the above
    Answer: All the above
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of petroleum crude oil
    C)Self-dependence in the production of coal
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)two-tier structure
    C)four-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. Devaluation of currency leads to
    A)increase in domestic prices
    B)no impact on domestic prices
    C)fall in domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. As per the 2009-10, data the commodity with highest share in total export value was:
    A)Engineering goods
    B)Gems and Jewellery.
    C)Petroleum products
    D)Rice
    Answer: Gems and Jewellery.
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)land development banks
    C)farmers
    D)central government
    Answer: state co-operative banks
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the difference between current expenditure and current revenue
    C)the sum of budgetary deficit and net increase in internal and external borrowings
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
    A)to reduce the freedom given to banks to rationalize their existing branch network
    B)to govern entry of new private sector banks to make the banking sector more competitive
    C)to setup more foreign exchange banks
    D)to lend more easily for industrial development
    Answer: to govern entry of new private sector banks to make the banking sector more competitive
  • Q. Depreciation means
    A)closure of a plant due to labour trouble
    B)closure of a plant due to lock out
    C)loss of equipment over time due to wear and tear
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear

Leave a Comment