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. 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. 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. The currency convertibility concept in its original form originated in
    A)Bretton Woods Agreement
    B)Wells Agreement
    C)Taylors Agreement
    D)None of the above
    Answer: Bretton Woods Agreement
  • Q. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I=interest payments II=subsidies III=defence IV=irrigation
    A)I
    B)I, II
    C)I, II, III
    D)II, III, IV
    Answer: I, II, III
  • Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
    A)1969
    B)1970
    C)1971
    D)1968
    Answer: 1969
  • 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)Copper Area Development
    C)Command Area Development (CAD)
    D)Cop Authority Development
    Answer: Command Area Development (CAD)
  • Q. Finance Commission is constituted after every:
    A)5 years
    B)3 years
    C)6 years
    D)4 years
    Answer: 5 years
  • Q. Which of the following items would not appear in a company’s balance sheet?
    A)Total issued capital
    B)Value of stocks of raw materials held
    C)Revenue from sales of the company's products
    D)Cash held at the bank
    Answer: Revenue from sales of the company's products
  • 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, 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. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • Q. ICICI is the name of a
    A)bureau
    B)chemical industry
    C)corporation
    D)financial institution
    Answer: financial institution
  • Q. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
    A)75 percent
    B)70 per cent
    C)65 percent
    D)60 percent
    Answer: 65 percent
  • Q. Non Tax revenues can be increased by improving the working of the
    A)electricity boards
    B)State Road Transport Corporations
    C)commercial irrigation projects
    D)All of the above
    Answer: commercial irrigation projects
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1896
    C)1794
    D)1902
    Answer: 1894
  • Q. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
    A)equal to government income
    B)larger than government income
    C)zero
    D)negative
    Answer: equal to government income
  • 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. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
    A)Services sector
    B)Food processing
    C)Chemicals other than fertilizers
    D)Telecommunication
    Answer: Telecommunication
  • Q. The first fully Indian Bank is:
    A)Central Bank of India
    B)Canara Bank
    C)Punjab National Bank
    D)State Bank of India
    Answer: Punjab National Bank
  • 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

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