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Indian Economy
Quiz 1
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Q.1
In India Yellow revolution is associated with:
production of tea
production of oil seeds.
production of flower
production of paddy
Q.2
Finance Commission is constituted after every:
3 years
5 years
6 years
4 years
Q.3
In April 1980 how many banks were nationalized?
six banks
eight banks
five banks
nine banks
Q.4
Resurgent India bonds were issued in US dollar, Pound Sterling and
Japanese Yen
Deutsche Mark
Euro
French Franc
Q.5
National expenditure includes
consumption expenditure
investment expenditure
government expenditure
All of the above
Q.6
Which of the following is not an undertaking under the administrative control of Ministry of Railways?
Container Corporation of India Limited
Konkan Railway Corporation Limited
Indian Railways Construction Company Limited
Diesel Locomotive Works, Varanasi
Q.7
If the RBI adopted an expansionist open market operations policy, this means that it will
buy securities from non-government holders
sell securities in the open market
offer commercial banks more credit in the open market
openly announce to the market that it intends to expand credit
Q.8
Redistribution polices geared to reduce economic inequalities include
progressive tax policies
land reforms
rural development policies
All the above
Q.9
Short-term finance is usually for a period ranging up to
5 months
10 months
12 months
15 months
Q.10
In India, which one among the following formulates the fiscal policy?
Planning Commission
Ministry of Finance
Finance Commission
The Reserve Bank of India
Q.11
The concept of zero-based budgeting was given by:
Peter A. Payer.
Peter drucker
Jagdish bhagwati
None of these
Q.12
Who is the author of the book Man and Economics?
Myron Scholes
Robert Mundel
Rudi Dornbusch
George Akerlof
Q.13
What is the objective of ‘Sangam Yojna 1996’?
To make Sangam region of Allahabad more attractive for tourists
To make Ganga water pollution free
To increase the welfare of the disabled
To unite, various groups of Hindus
Q.14
The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
2006
1986
1982
1975
Q.15
Asia’s first Export processing Zone (EPZ) was established in:
Surat
Cochin
Kandla
Chennai
Q.16
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
15 to 20 percent
20 to 25 percent
25 to 30 percent
30 to 35 percent
Q.17
Fiscal deficit in the Union Budget means
the difference between current expenditure and current revenue
net increase in Union Governments borrowings from the Reserve Bank of India
the sum of budgetary deficit and net increase in internal and external borrowings
the sum of monetized deficit and budgetary deficit
Q.18
Subsidies mean
payment by government for purchase of goods and services
payment made by business enterprises to factors of production
payment made by companies to shareholders
payment made by the government to business enterprises, without buying any goods and services
Q.19
How many banks were nationalized in 1969?
16
14
15
20
Q.20
In India, the first bank of limited liability managed by Indians and founded in 1881 was
Hindustan Commercial Bank
Oudh Commercial Bank
Punjab National Bank
Punjab and Sind Bank
Q.21
In India, inflation measured by the
Wholesale Price Index number
Consumers Price Index for urban non-manual workers
Consumers Price Index for agricultural workers
National Income Deflation
Q.22
The annual yield from which of the following Union Government taxes is the highest?
Custom duties
Corporation tax and income tax
Inheritance tax, wealth tax, interest tax and gift tax
Excise duties
Q.23
The apex body for formulating plans and coordinating research work in agriculture and allied fields is
State Trading Corporation
Regional Rural Banks
National Bank for Agriculture and Rural Development (NABARD)
Indian Council of Agricultural Research
Q.24
Green Banking channel has been launched by:
Punjab National Bank
State Bank of India
Reserve Bank of India
Bank of Baroda
Q.25
In Global Hunger Index (GHI) India has been ranked at:
96th place among 119 developing countries
102nd place among 117 developing countries
105th place among 117 developing countries
109th place among 117 developing countries
Q.26
As per the 2009-10, data the commodity with highest share in total export value was:
Gems and Jewellery.
Engineering goods
Petroleum products
Rice
Q.27
In India, the state which has the largest forest cover is:
Madhya Pradesh
Arunachal Pradesh
Chattisgarh
Odisha
Q.28
The Indian state which was the first to release state level Human Development Report in 1995 was:
Madhya Pradesh
Maharashtra
Kerala
Tamil Nadu
Q.29
Which state of India ranks first in milk production as per the data of the year 2009-10?
Bihar
Jharkhand
Uttar Pradesh
West Bengal
Q.30
Navaratna Status is concerned with:
Public Sector Companies
Private Sector Companies
Both A and B
None of the above
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