Indian Economy

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

Correct Answer

Indian Railways Construction Company Limited

More Questions on Indian Economy

  • Q. During which five Year plan was phase of heavy industrialization initiated?
    A)First five year plan
    B)Third five year plan
    C)Second five year plan.
    D)Fourth five year plan
    Answer: Second five year plan.
  • 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. Subsidies mean
    A)payment made by business enterprises to factors of production
    B)payment by government for purchase of goods and services
    C)payment made by companies to shareholders
    D)payment made by the government to business enterprises, without buying any goods and services
    Answer: payment made by the government to business enterprises, without buying any goods and services
  • Q. Paper currency first started in India in
    A)1542
    B)1861
    C)1601
    D)1880
    Answer: 1861
  • 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. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Vijay L. Kelkar.
    C)Nand Kishore Singh
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • 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. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)South Korea
    C)Taiwan
    D)Japan
    Answer: Japan
  • Q. In India the first bank of limited liability managed by Indian and founded in 1881 was:
    A)Hindustan Commercial Bank
    B)Punjab National Bank
    C)Oudh commercial Bank.
    D)Punjab and Sind Bank
    Answer: Oudh commercial Bank.
  • 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)15 to 20 percent
    C)25 to 30 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. The Ex-Officio Secretary of National Development Council is:
    A)General Secretary of Lok Sabha
    B)Secretary of Planning Commission
    C)Secretary of Finance Ministry
    D)Vice Chairman of Planning Commission
    Answer: Secretary of Planning Commission
  • 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. Open market operation is a part of:
    A)Debit Policy
    B)Credit Policy
    C)Deposit Policy
    D)None of these
    Answer: Credit Policy
  • Q. The annual yield from which of the following Union Government taxes is the highest?
    A)Corporation tax and income tax
    B)Custom duties
    C)Inheritance tax, wealth tax, interest tax and gift tax
    D)Excise duties
    Answer: Excise duties
  • Q. In the second nationalization of commercial banks, ___ banks were nationalized.
    A)5
    B)6
    C)4
    D)8
    Answer: 6
  • Q. Short-term finance is usually for a period ranging up to
    A)10 months
    B)5 months
    C)12 months
    D)15 months
    Answer: 12 months
  • Q. States earn maximum revenue through
    A)custom revenue
    B)commercial taxes
    C)land revenue
    D)excise duties on intoxicants
    Answer: commercial taxes
  • Q. In India, inflation measured by the
    A)Consumers Price Index for urban non-manual workers
    B)Wholesale Price Index number
    C)Consumers Price Index for agricultural workers
    D)National Income Deflation
    Answer: Wholesale Price Index number
  • Q. National Rural Health mission was launched in:
    A)August 2005
    B)April 2005
    C)October 2005
    D)July 2005
    Answer: April 2005

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