More Questions on Indian Economy
- 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. Project ‘Sankalp’ is associated with the elimination of:
A)AIDS/HIV
B)Both A and B
C)Polio
D)None of the above
Answer: AIDS/HIV
- 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. 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. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)reduction in currency value due to wear and tear
C)fall in exchange value of a country by market forces
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- Q. Since the inception of the co-operative movement, rural credits has been
A)rationalized
B)cheapened
C)institutionalized
D)All of the above
Answer: All of the above
- Q. Government has merged Annapurna Scheme with:
A)Ujjwala
B)National Old Age Pension Scheme
C)IRDP
D)None of these
Answer: National Old Age Pension Scheme
- Q. Excess of Total Expenditure over total Receipts is :
A)Surplus Budget
B)Balanced Budget
C)Deficit Budget
D)None of the above
Answer: Deficit Budget
- 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. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
A)SBI
B)NABARD
C)ARDC
D)PACs
Answer: NABARD
- Q. Securities and Exchange Board of India (SEBI) was established on:
A)July 12, 1982
B)July 9, 1988
C)April 12, 1988
D)July 5, 1995
Answer: April 12, 1988
- Q. The budget deficit means
A)difference between revenue receipts and revenue expenditure
B)the excess of total expenditure, including loans, net of lending over revenue receipts
C)difference between all receipts and all the expenditure
D)fiscal deficit less interest payments
Answer: difference between all receipts and all the expenditure
- Q. India’s share in textiles trade of the world is:
A)6%
B)8%
C)4%
D)10%
Answer: 6%
- Q. Green Banking channel has been launched by:
A)State Bank of India
B)Reserve Bank of India
C)Punjab National Bank
D)Bank of Baroda
Answer: State Bank of India
- Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A)will increase
B)will neither increase nor decrease
C)will decrease
D)None of the above
Answer: will neither increase nor decrease
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Inheritance tax, wealth tax, interest tax and gift tax
C)Custom duties
D)Excise duties
Answer: Excise duties
- Q. The current price index (base 1960) is nearly 330. This means that
A)the prices of certain selected items have gone up to 3-3 times
B)all items cost 3-3 times more than what they did in 1960
C)weighted means of prices of certain item has increased 3-3 times
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. National Rural Health mission was launched in:
A)August 2005
B)October 2005
C)April 2005
D)July 2005
Answer: April 2005
- 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. The ARDC is now a branch of the
A)NABARD
B)IDBI
C)RBI
D)SDBI
Answer: NABARD
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