More Questions on Indian Economy
- Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
A)20 to 25 percent
B)25 to 30 percent
C)15 to 20 percent
D)30 to 35 percent
Answer: 20 to 25 percent
- 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. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
A)75 percent
B)65 percent
C)70 per cent
D)60 percent
Answer: 65 percent
- Q. The co-operative credit societies have a
A)three-tier structure
B)four-tier structure
C)two-tier structure
D)five-tier structure
Answer: three-tier structure
- Q. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Ninth
C)Thirteenth
D)Eleventh
Answer: Thirteenth
- Q. The Ex-Officio Secretary of National Development Council is:
A)General Secretary of Lok Sabha
B)Secretary of Finance Ministry
C)Secretary of Planning Commission
D)Vice Chairman of Planning Commission
Answer: Secretary of Planning Commission
- Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A)Konkan Railway Corporation Limited
B)Container Corporation of India Limited
C)Indian Railways Construction Company Limited
D)Diesel Locomotive Works, Varanasi
Answer: Indian Railways Construction Company Limited
- Q. National expenditure includes
A)investment expenditure
B)government expenditure
C)consumption expenditure
D)All of the above
Answer: All of the above
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)4
C)6
D)8
Answer: 6
- Q. Ten rupee notes contain the signature of:
A)Chairman, SBI
B)Governor, RBI
C)Finance Secretary, GOI
D)Finance Minister , GOI
Answer: Governor, RBI
- Q. The largest producer of Coffee in the country is:
A)Tamil Nadu
B)Kerala
C)Andhra Pradesh
D)Karnataka
Answer: Karnataka
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)6
C)4
D)8
Answer: 6
- 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
- Q. National Income estimates in India is prepared by:
A)Reserve Bank Of India
B)Planning Commission
C)Central Statistical Organisation (CSO)
D)Indian Statistical Institute
Answer: Central Statistical Organisation (CSO)
- Q. Inflation is measured in India on the basis of which ‘Index’?
A)Consumer Price Index for urban workers
B)Wholesale Price Index
C)Consumer Price Index for agricultural workers
D)National income deflation
Answer: Wholesale Price Index
- 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. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
A)1986
B)1984
C)1987
D)1989
Answer: 1987
- Q. Government has merged Annapurna Scheme with:
A)Ujjwala
B)National Old Age Pension Scheme
C)IRDP
D)None of these
Answer: National Old Age Pension Scheme
- Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A)NITI Ayog
B)The Comptroller General of Accounts
C)RBI
D)None of these
Answer: The Comptroller General of Accounts
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1968
C)1964
D)1970
Answer: 1964
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