Indian Economy

Q. Unit Trust of India (UTI) was established in:

A
1904
B
1968
C
1964
D
1970

Correct Answer

1964

More Questions on Indian Economy

  • Q. The number of finance commissions set up upto now is:
    A)14
    B)13
    C)15
    D)16
    Answer: 15
  • 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. Meera Seth committee was related to:
    A)sex discrimination at work place
    B)Development of Handlooms
    C)female foeticide
    D)Banking sector
    Answer: Development of Handlooms
  • Q. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
    A)81
    B)85
    C)82
    D)93
    Answer: 82
  • 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. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
    A)productivity in agriculture has been high enough to induce people to stay with agriculture
    B)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
    C)investment pattern has been directed towards capital intensive industries
    D)people are largely unaware of the significance of transition from agriculture to industry for econom
    Answer: investment pattern has been directed towards capital intensive industries
  • 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. 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. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • 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. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
    A)Rs. 25,000 crores
    B)Rs. 1,00,000 crores
    C)Rs. 50,000 crores
    D)Rs. 1,25,000 crores
    Answer: Rs. 50,000 crores
  • Q. In India, the state which has the largest forest cover is:
    A)Arunachal Pradesh
    B)Chattisgarh
    C)Madhya Pradesh
    D)Odisha
    Answer: Madhya Pradesh
  • Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
    A)decrease it
    B)no impact
    C)increase it
    D)None of the above
    Answer: increase it
  • 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. Income tax in India was introduced by:
    A)James Wilson
    B)William Jones
    C)Nicholas Kaldor
    D)Mahavir Tyagi
    Answer: James Wilson
  • Q. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)12 months
    C)5 months
    D)15 months
    Answer: 12 months
  • Q. Unit Trust of India (UTI) was established in:
    A)1904
    B)1964
    C)1968
    D)1970
    Answer: 1964
  • Q. Depreciation means
    A)closure of a plant due to labour trouble
    B)closure of a plant due to lock out
    C)loss of equipment over time due to wear and tear
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To make Sangam region of Allahabad more attractive for tourists
    C)To increase the welfare of the disabled
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled

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