More Questions on Indian Economy
- 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. Navaratna Status is concerned with:
A)Private Sector Companies
B)Public Sector Companies
C)Both A and B
D)None of the above
Answer: Public Sector Companies
- Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
A)1998
B)1999
C)1997
D)2000
Answer: 1999
- Q. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
A)Statutory Liquid Ratio (SLR)
B)Central Bank Reserve (CBR)
C)Statutory Bank Ratio (SBR)
D)Central Liquid Reserve (CLR)
Answer: Statutory Liquid Ratio (SLR)
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1968
C)1964
D)1970
Answer: 1964
- Q. Finance Commission is constituted after every:
A)5 years
B)6 years
C)3 years
D)4 years
Answer: 5 years
- Q. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:
A)Cordial Area Development
B)Command Area Development (CAD)
C)Copper Area Development
D)Cop Authority Development
Answer: Command Area Development (CAD)
- Q. Gross domestic capital formation is defined as
A)expenditure incurred on physical assets only
B)production exceeding demand
C)flow of expenditure devoted to increased or maintaining of the capital stock
D)net addition to stock after depreciation
Answer: net addition to stock after depreciation
- 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. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
A)8.0% in 2011-12
B)8.2% in 2011-12
C)8.5% in 2011-12
D)7.8% in 2011-12
Answer: 8.0% in 2011-12
- 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. Earn While you Learn scheme has been launched by:
A)Ministry of Youth
B)Ministry of Tourism
C)Both A and B
D)None of these
Answer: Ministry of Tourism
- Q. The main rubber producing state in the country is:
A)Tamil Nadu
B)Karnataka
C)Kerala
D)Hyderabad
Answer: Kerala
- Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
A)Total benefit received
B)Marginal benefit received
C)Average benefit received
D)Ability to pay for the benefit
Answer: Ability to pay for the benefit
- 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. During which five Year plan was phase of heavy industrialization initiated?
A)First five year plan
B)Second five year plan.
C)Third five year plan
D)Fourth five year plan
Answer: Second five year plan.
- Q. The first multi–purpose river valley project of independent India is:
A)Damodar
B)Bhakra-Nangal
C)Hirakud
D)Nagarjunasagar
Answer: Damodar
- 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. In India the first bank of limited liability managed by Indian and founded in 1881 was:
A)Hindustan Commercial Bank
B)Oudh commercial Bank.
C)Punjab National Bank
D)Punjab and Sind Bank
Answer: Oudh commercial Bank.
- Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
A)Total benefit received
B)Average benefit received
C)Marginal benefit received
D)Ability to pay for the benefit
Answer: Ability to pay for the benefit
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