More Questions on Indian Economy
- Q. The first national commission on labours was constituted on:
A)December 24, 1967
B)November 24, 1966
C)December 24, 1966.
D)November 24, 1967
Answer: December 24, 1966.
- Q. How many banks were nationalized in 1969?
A)14
B)16
C)15
D)20
Answer: 14
- Q. India’s share in textiles trade of the world is:
A)6%
B)4%
C)8%
D)10%
Answer: 6%
- 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. 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. The Ministry and programme Implementation – as an independent Ministry came into existence on :
A)January 15, 1998
B)September 15, 1999
C)October 15, 1999
D)June 15, 1999
Answer: October 15, 1999
- Q. Reserve Bank of India will soon release plastic notes in circulation will be of :
A)Rs 20 notes
B)Rs 50 notes
C)Rs 100 notes
D)Rs 10 notes
Answer: Rs 10 notes
- Q. ICICI is the name of a
A)bureau
B)chemical industry
C)corporation
D)financial institution
Answer: financial institution
- Q. One rupee currency note in India bears the signature of-
A)Finance minister of India
B)The president of India
C)Governor (RBI)
D)Finance secretary of Government of India
Answer: Finance secretary of Government of India
- 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. In April 1980 how many banks were nationalized?
A)eight banks
B)five banks
C)six banks
D)nine banks
Answer: six banks
- 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. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
A)81
B)82
C)85
D)93
Answer: 82
- Q. The number of finance commissions set up upto now is:
A)14
B)15
C)13
D)16
Answer: 15
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)big businessmen
C)RBI
D)IMF
Answer: RBI
- Q. Debenture holders of a company are its
A)creditors
B)debtors
C)shareholders
D)directors
Answer: creditors
- 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. 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. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A)decrease it
B)increase it
C)no impact
D)None of the above
Answer: increase it
- Q. ICICI is the name of a
A)bureau
B)corporation
C)chemical industry
D)financial institution
Answer: financial institution
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