Indian Economy

Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?

A
NITI Ayog
B
The Comptroller General of Accounts
C
RBI
D
None of these

Correct Answer

The Comptroller General of Accounts

More Questions on Indian Economy

  • Q. Devaluation of currency leads to
    A)increase in domestic prices
    B)fall in domestic prices
    C)no impact on domestic prices
    D)erratic fluctuations in domestic prices
    Answer: increase in domestic prices
  • Q. In India, the second largest provider of employment after agriculture is:
    A)Chemical Sector
    B)Textile Sector
    C)Iron and Steel Sector
    D)Telecommunication sector
    Answer: Textile Sector
  • Q. The Money Order system in India was introduced in the year :
    A)1880
    B)1999
    C)1882
    D)1904
    Answer: 1880
  • Q. Ten rupee notes contain the signature of:
    A)Chairman, SBI
    B)Finance Secretary, GOI
    C)Governor, RBI
    D)Finance Minister , GOI
    Answer: Governor, RBI
  • Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
    A)China
    B)Taiwan
    C)South Korea
    D)Japan
    Answer: Japan
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)progressive tax policies
    C)rural development policies
    D)All the above
    Answer: All the above
  • Q. Devaluation of currency will be more beneficial if
    A)prices of exports remain constant
    B)prices of imports remains constant
    C)prices of domestic goods remain constant
    D)prices of exports rise proportionately
    Answer: prices of exports remain constant
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1794
    C)1896
    D)1902
    Answer: 1894
  • 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. 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 2005
    C)the year 1998
    D)the year 1990
    Answer: the year 1999
  • Q. In Global Hunger Index (GHI) India has been ranked at:
    A)102nd place among 117 developing countries
    B)96th place among 119 developing countries
    C)105th place among 117 developing countries
    D)109th place among 117 developing countries
    Answer: 102nd place among 117 developing countries
  • 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. Paper currency first started in India in
    A)1542
    B)1861
    C)1601
    D)1880
    Answer: 1861
  • Q. The Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 1999
    C)the year 2000
    D)the year 2002
    Answer: the year 1999
  • Q. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Kerala
    C)Andhra Pradesh
    D)Karnataka
    Answer: Karnataka
  • Q. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
    A)Regional Rural Banks
    B)National Bank for Agriculture and Rural Development (NABARD)
    C)State Trading Corporation
    D)Indian Council of Agricultural Research
    Answer: Indian Council of Agricultural Research
  • 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. The Indian state which was the first to release state level Human Development Report in 1995 was:
    A)Maharashtra
    B)Kerala
    C)Madhya Pradesh
    D)Tamil Nadu
    Answer: Madhya Pradesh
  • Q. Deficit financing leads to inflation in general, but it can be checked if
    A)only aggregate demand is increased
    B)all the expenditure is denoted national debt payment only
    C)government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
    D)All of the above
    Answer: All of the above
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To make Sangam region of Allahabad more attractive for tourists
    C)To increase the welfare of the disabled
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled

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