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. 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 setup more foreign exchange banks
    C)to govern entry of new private sector banks to make the banking sector more competitive
    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. Non Tax revenues can be increased by improving the working of the
    A)electricity boards
    B)State Road Transport Corporations
    C)commercial irrigation projects
    D)All of the above
    Answer: commercial irrigation projects
  • Q. A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
    A)Statutory Liquidity Ratio (SLR)
    B)Bank rate
    C)Cash Reserve Ratio (CRR)
    D)Mandatory deposit
    Answer: Cash Reserve Ratio (CRR)
  • Q. Reserve Bank of India was nationalized in the year
    A)1945
    B)1949
    C)1935
    D)1969
    Answer: 1949
  • 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. 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. In the world in terms of Railway Network system India ranks:
    A)first
    B)fourth
    C)second
    D)third
    Answer: fourth
  • Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will decrease
    C)will neither increase nor decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • 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. In the World, in the production of cotton, India ranks:
    A)First
    B)Second
    C)Third
    D)Fourth
    Answer: Second
  • Q. If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
    A)Rs 500
    B)Rs 1000
    C)Rs 400
    D)Rs 300
    Answer: Rs 300
  • Q. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Nand Kishore Singh
    C)Vijay L. Kelkar.
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • 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. 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. Project ‘Sankalp’ is associated with the elimination of:
    A)AIDS/HIV
    B)Polio
    C)Both A and B
    D)None of the above
    Answer: AIDS/HIV
  • Q. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
    A)Kharif crop
    B)Both A and B
    C)Rabi crop
    D)None of the above
    Answer: Kharif crop
  • Q. The total number of national highways in the country is:
    A)528
    B)328
    C)228
    D)499
    Answer: E
  • Q. Debenture holders of a company are its
    A)creditors
    B)shareholders
    C)debtors
    D)directors
    Answer: creditors
  • Q. The Indian state which was the first to release state level Human Development Report in 1995 was:
    A)Maharashtra
    B)Madhya Pradesh
    C)Kerala
    D)Tamil Nadu
    Answer: Madhya Pradesh
  • Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
    A)Rs. 25,000 crores
    B)Rs. 1,00,000 crores
    C)Rs. 50,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores

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