More Questions on Indian Economy
- 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. Indian state with highest road length is:
A)Uttar Pradesh
B)Maharashtra
C)Rajasthan
D)Andhra Pradesh
Answer: Maharashtra
- Q. Which of the following is not a part of machinery that settles industrial disputes?
A)Works Committee
B)Wage Court
C)Conciliation officers
D)Board of Conciliation
Answer: Wage Court
- Q. Gross domestic capital formation is defined as
A)expenditure incurred on physical assets only
B)production exceeding demand
C)flow of expenditure devoted to increased or maintaining of the capital stock
D)net addition to stock after depreciation
Answer: net addition to stock after depreciation
- Q. In India, the state which has the largest forest cover is:
A)Arunachal Pradesh
B)Chattisgarh
C)Madhya Pradesh
D)Odisha
Answer: Madhya Pradesh
- Q. The condition of indirect taxes in the country’s revenue is approximately
A)75 percent
B)70 percent
C)80 percent
D)86 percent
Answer: 86 percent
- Q. The ARDC is now a branch of the
A)NABARD
B)IDBI
C)RBI
D)SDBI
Answer: NABARD
- Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1971
C)1970
D)1968
Answer: 1969
- Q. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
A)8.0% in 2011-12
B)8.2% in 2011-12
C)8.5% in 2011-12
D)7.8% in 2011-12
Answer: 8.0% in 2011-12
- 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. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
A)1 per 10000 births
B)1 per 1000 births
C)1 per 100 births
D)1 per 10 births
Answer: 1 per 1000 births
- Q. Depreciation means
A)closure of a plant due to labour trouble
B)loss of equipment over time due to wear and tear
C)closure of a plant due to lock out
D)destruction of a plant in a fire accident
Answer: loss of equipment over time due to wear and tear
- 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. Meera Seth committee was related to:
A)sex discrimination at work place
B)Development of Handlooms
C)female foeticide
D)Banking sector
Answer: Development of Handlooms
- Q. The total number of national highways in the country is:
A)528
B)328
C)228
D)499
Answer: E
- Q. As per the 2009-10, data the commodity with highest share in total export value was:
A)Engineering goods
B)Gems and Jewellery.
C)Petroleum products
D)Rice
Answer: Gems and Jewellery.
- Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A)83 percent
B)90 percent
C)80 percent
D)100 percent
Answer: 100 percent
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of domestic goods remain constant
C)prices of imports remains constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. Excess of Total Expenditure over total Receipts is :
A)Surplus Budget
B)Deficit Budget
C)Balanced Budget
D)None of the above
Answer: Deficit Budget
- Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)100 rupee
C)1000 rupee
D)All of the above
Answer: All of the above
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