More Questions on Indian Economy
- Q. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)March 10, 2008
C)November 14, 2011
D)October 2, 2007
Answer: October 2, 2007
- 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. In India, the first bank of limited liability managed by Indians and founded in 1881 was
A)Oudh Commercial Bank
B)Hindustan Commercial Bank
C)Punjab National Bank
D)Punjab and Sind Bank
Answer: Oudh Commercial Bank
- 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. In the world in terms of Railway Network system India ranks:
A)first
B)second
C)fourth
D)third
Answer: fourth
- Q. In coal production, India ranks in the world:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- Q. Paper currency first started in India in
A)1542
B)1861
C)1601
D)1880
Answer: 1861
- 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 1998
C)the year 2005
D)the year 1990
Answer: the year 1999
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)RBI
C)big businessmen
D)IMF
Answer: RBI
- Q. The Indian state which was the first to release state level Human Development Report in 1995 was:
A)Maharashtra
B)Kerala
C)Madhya Pradesh
D)Tamil Nadu
Answer: Madhya Pradesh
- Q. Paper currency first started in India in
A)1542
B)1601
C)1861
D)1880
Answer: 1861
- Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
A)Bank of Baroda
B)Punjab National Bank
C)State Bank of India
D)Central Bank of India
Answer: Punjab National Bank
- 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. The association of the rupee with pound sterling as the intervention currency was broken in
A)1991
B)1992
C)1990
D)1993
Answer: 1992
- 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. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are
A)grant-in-aids
B)loans
C)tax sharing
D)All the above
Answer: All the above
- Q. The Foreign Exchange Management Act(FEMA) was passed in:
A)the year 2005
B)the year 1999
C)the year 2000
D)the year 2002
Answer: the year 1999
- 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. The share of road transport in total transportation of the country is:
A)70%
B)75%
C)60%
D)80%
Answer: 80%
- Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)1000 rupee
C)100 rupee
D)All of the above
Answer: All of the above
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