Indian Economy

Q. Which of the following is the most appropriate cause of export surplus?

A
Country's stringent import policy
B
Developments in national and international markets
C
Country's exports promotion value
D
None of the above

Correct Answer

Developments in national and international markets

More Questions on Indian Economy

  • Q. The Money Order system in India was introduced in the year :
    A)1880
    B)1882
    C)1999
    D)1904
    Answer: 1880
  • Q. Devaluation of a currency means
    A)reduction in external value/exchange value of currency by the government
    B)reduction in currency value due to wear and tear
    C)fall in exchange value of a country by market forces
    D)all of the above
    Answer: reduction in external value/exchange value of currency by the government
  • Q. When personal direct taxes are subtracted from personal income the obtained value is called:
    A)National Income
    B)Gross Domestic Product (GDP)
    C)Gross National Product (GNP)
    D)Personal Income
    Answer: Gross National Product (GNP)
  • 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. The concept of zero-based budgeting was given by:
    A)Peter drucker
    B)Peter A. Payer.
    C)Jagdish bhagwati
    D)None of these
    Answer: Peter A. Payer.
  • Q. Paper currency first started in India in
    A)1542
    B)1601
    C)1861
    D)1880
    Answer: 1861
  • 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. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)July 9, 1988
    C)April 12, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • Q. National Rural Health mission was launched in:
    A)August 2005
    B)April 2005
    C)October 2005
    D)July 2005
    Answer: April 2005
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)RBI
    C)big businessmen
    D)IMF
    Answer: RBI
  • Q. States earn maximum revenue through
    A)custom revenue
    B)commercial taxes
    C)land revenue
    D)excise duties on intoxicants
    Answer: commercial taxes
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)K.V. Kamath
    C)Bimal Jalan
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. Which of the following items would not appear in a company’s balance sheet?
    A)Total issued capital
    B)Revenue from sales of the company's products
    C)Value of stocks of raw materials held
    D)Cash held at the bank
    Answer: Revenue from sales of the company's products
  • Q. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • 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. 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. At present, the number of nationalized banks are:
    A)17
    B)19
    C)15
    D)12
    Answer: 12
  • Q. Development expenditure of the Central government does not include
    A)expenditure on economic services
    B)expenditure on social and community services
    C)defence expenditure
    D)grant to states
    Answer: defence expenditure
  • 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. Which of the following is the most appropriate cause of export surplus?
    A)Country's stringent import policy
    B)Developments in national and international markets
    C)Country's exports promotion value
    D)None of the above
    Answer: Developments in national and international markets

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