Q. The first fully Indian Bank is:

Correct Answer

Punjab National Bank

More Questions on Indian Economy

  • Q. How many banks were nationalized in 1969?
    A)14
    B)15
    C)16
    D)20
    Answer: 14
  • 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. Which of the following is not a part of machinery that settles industrial disputes?
    A)Works Committee
    B)Wage Court
    C)Conciliation officers
    D)Board of Conciliation
    Answer: Wage Court
  • 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 2005
    C)the year 1998
    D)the year 1990
    Answer: the year 1999
  • Q. Which company has started a rural marketing network called e-Chaupals?
    A)Dabur
    B)Procor and Gamble
    C)ITC
    D)Hindustan liver
    Answer: ITC
  • 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. Depreciation means
    A)closure of a plant due to labour trouble
    B)loss of equipment over time due to wear and tear
    C)closure of a plant due to lock out
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)60%
    C)75%
    D)80%
    Answer: 80%
  • 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. Which of the following is not viewed as a national debt?
    A)Life Insurance Policies
    B)National Saving Certificate
    C)Provident Fund
    D)Long-term Government Bonds
    Answer: National Saving Certificate
  • Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
    A)NITI Ayog
    B)The Comptroller General of Accounts
    C)RBI
    D)None of these
    Answer: The Comptroller General of Accounts
  • 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. 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. In the World, in the production of cotton, India ranks:
    A)First
    B)Third
    C)Second
    D)Fourth
    Answer: Second
  • Q. Paper currency first started in India in
    A)1542
    B)1861
    C)1601
    D)1880
    Answer: 1861
  • 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. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
    A)1 per 10000 births
    B)1 per 100 births
    C)1 per 1000 births
    D)1 per 10 births
    Answer: 1 per 1000 births
  • Q. Aam Admi Bima Yojana was launched on:
    A)March 5, 2009
    B)November 14, 2011
    C)March 10, 2008
    D)October 2, 2007
    Answer: October 2, 2007
  • Q. Devaluation of a currency means
    A)reduction in external value/exchange value of currency by the government
    B)fall in exchange value of a country by market forces
    C)reduction in currency value due to wear and tear
    D)all of the above
    Answer: reduction in external value/exchange value of currency by the government
  • 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

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