More Questions on Indian Economy
- Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A)83 percent
B)80 percent
C)90 percent
D)100 percent
Answer: 100 percent
- 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. 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. 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. Where was first gold refinery established?
A)Shirpur (Maharashtra)
B)Bangalore (Karnataka)
C)Ahmedabad (Gujarat)
D)Mumbai (Maharashtra)
Answer: Shirpur (Maharashtra)
- Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)100 rupee
C)1000 rupee
D)All of the above
Answer: All of the above
- Q. One rupee currency note in India bears the signature of-
A)Finance minister of India
B)Governor (RBI)
C)The president of India
D)Finance secretary of Government of India
Answer: Finance secretary of Government of India
- Q. Deficit financing leads to inflation in general, but it can be checked if
A)only aggregate demand is increased
B)government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
C)all the expenditure is denoted national debt payment only
D)All of the above
Answer: All of the above
- Q. Paper currency first started in India in
A)1542
B)1601
C)1861
D)1880
Answer: 1861
- Q. National Rural Health mission was launched in:
A)August 2005
B)October 2005
C)April 2005
D)July 2005
Answer: April 2005
- Q. Finance Commission is constituted after every:
A)5 years
B)6 years
C)3 years
D)4 years
Answer: 5 years
- Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
A)1986
B)1982
C)2006
D)1975
Answer: 1975
- Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
A)Oudh Commercial Bank
B)Punjab National Bank
C)Hindustan Commercial Bank
D)Punjab and Sind Bank
Answer: Oudh Commercial Bank
- Q. The national food for work programme was launched in:
A)April 2003
B)May 2002
C)November 2004
D)April 2000
Answer: November 2004
- Q. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
A)Regional Rural Banks
B)National Bank for Agriculture and Rural Development (NABARD)
C)State Trading Corporation
D)Indian Council of Agricultural Research
Answer: Indian Council of Agricultural Research
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)6
C)4
D)8
Answer: 6
- Q. Whose name is associated with formulation of planning strategy in Second five Year plan?
A)Jawahar Lal Nehru
B)Mahatma Gandhi
C)Prasanta Chandra Mahalanobis
D)B.R. Shenoy
Answer: Prasanta Chandra Mahalanobis
- Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1970
C)1971
D)1968
Answer: 1969
- Q. The Mid Day Meal scheme was launched on
A)August 15, 1992
B)August 15, 1995
C)August 15, 2000
D)August 15, 2001
Answer: August 15, 1995
- Q. When personal direct taxes are subtracted from personal income the obtained value is called:
A)National Income
B)Gross Domestic Product (GDP)
C)Gross National Product (GNP)
D)Personal Income
Answer: Gross National Product (GNP)
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