More Questions on Indian Economy
- 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. Aam Admi Bima Yojana was launched on:
A)March 5, 2009
B)March 10, 2008
C)November 14, 2011
D)October 2, 2007
Answer: October 2, 2007
- Q. Excise duty is a tax levied on the
A)export of goods
B)import of goods
C)production of goods
D)sale of goods
Answer: production of goods
- Q. Debenture holders of a company are its
A)creditors
B)shareholders
C)debtors
D)directors
Answer: creditors
- Q. In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
A)to reduce the freedom given to banks to rationalize their existing branch network
B)to govern entry of new private sector banks to make the banking sector more competitive
C)to setup more foreign exchange banks
D)to lend more easily for industrial development
Answer: to govern entry of new private sector banks to make the banking sector more competitive
- Q. How many banks were nationalized in 1969?
A)14
B)16
C)15
D)20
Answer: 14
- Q. Development expenditure of the Central government does not include
A)expenditure on economic services
B)defence expenditure
C)expenditure on social and community services
D)grant to states
Answer: defence expenditure
- Q. Who gave the call for Evergreen Revolution?
A)Verghese Kurien
B)Tribhuvandas Patel
C)M. S. Swaminathan
D)H. M. Dalaya
Answer: M. S. Swaminathan
- 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 flower
C)production of tea
D)production of paddy
Answer: production of oil seeds.
- Q. In the world in terms of Railway Network system India ranks:
A)first
B)second
C)fourth
D)third
Answer: fourth
- Q. The association of the rupee with pound sterling as the intervention currency was broken in
A)1991
B)1992
C)1990
D)1993
Answer: 1992
- Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
A)75000 Megawatt
B)100000 Megawatt.
C)50000 Megawatt
D)125000 Megawatt
Answer: 100000 Megawatt.
- Q. The number of finance commissions set up upto now is:
A)14
B)13
C)15
D)16
Answer: 15
- Q. In India, the state which has the largest forest cover is:
A)Arunachal Pradesh
B)Madhya Pradesh
C)Chattisgarh
D)Odisha
Answer: Madhya Pradesh
- Q. The first Apparel Park in India has been established in:
A)Tirupur (Tamil Nadu)
B)Both A and B
C)Punalur (Kerala)
D)None of the above
Answer: Tirupur (Tamil Nadu)
- 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. Deficit financing means that the government borrows money from the
A)local bodies
B)big businessmen
C)RBI
D)IMF
Answer: 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. 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)
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