More Questions on Indian Economy
- Q. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry
A)I, II
B)I, III
C)I, II, III
D)II, III
Answer: I, II, III
- 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. 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. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
A)Essar Oil
B)Reliance Energy
C)GAIL
D)ONGC
Answer: Essar Oil
- Q. The chairman of 13th finance Commission was:
A)K C Neogy
B)Nand Kishore Singh
C)Vijay L. Kelkar.
D)Y V Reddy
Answer: Vijay L. Kelkar.
- Q. India changed over to the decimal system of coinage in
A)April 1957
B)April 1995
C)April 1958
D)April 1959
Answer: April 1957
- Q. Which company has started a rural marketing network called e-Chaupals?
A)Dabur
B)Procor and Gamble
C)ITC
D)Hindustan liver
Answer: ITC
- 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. Meera Seth committee was associated with:
A)sex discrimination at work place
B)the development of handloom industry.
C)female foeticide
D)banking sector
Answer: the development of handloom industry.
- Q. Fiscal deficit in the Union Budget means
A)net increase in Union Governments borrowings from the Reserve Bank of India
B)the sum of budgetary deficit and net increase in internal and external borrowings
C)the difference between current expenditure and current revenue
D)the sum of monetized deficit and budgetary deficit
Answer: the sum of budgetary deficit and net increase in internal and external borrowings
- Q. Gross domestic capital formation is defined as
A)expenditure incurred on physical assets only
B)flow of expenditure devoted to increased or maintaining of the capital stock
C)production exceeding demand
D)net addition to stock after depreciation
Answer: net addition to stock after depreciation
- 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. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)November 14, 2011
C)March 10, 2008
D)October 2, 2007
Answer: October 2, 2007
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of tea
C)production of flower
D)production of paddy
Answer: production of oil seeds.
- Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
C)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. Debenture holders of a company are its
A)creditors
B)debtors
C)shareholders
D)directors
Answer: creditors
- Q. During which five Year plan was phase of heavy industrialization initiated?
A)First five year plan
B)Second five year plan.
C)Third five year plan
D)Fourth five year plan
Answer: Second five year plan.
- 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. 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
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