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Indian Economy
Quiz 4
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Q.1
Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
Rabi crop
Kharif crop
Both A and B
None of the above
Q.2
Regional rural banks
I=have limited area of operation
II=have free access to liberal refinance facilities from NABARD
III=are required to lend only to weaker sections
I, III
II, III
I, II, III
I, II
Q.3
Debenture holders of a company are its
shareholders
creditors
debtors
directors
Q.4
Excise duty is a tax levied on the
import of goods
export of goods
production of goods
sale of goods
Q.5
The currency convertibility concept in its original form originated in
Wells Agreement
Bretton Woods Agreement
Taylors Agreement
None of the above
Q.6
In the state of India, the State Financial Corporation have given assistance mainly to develop
agricultural farms
cottage industry
large-scale industries
medium and small-scale industries
Q.7
India changed over to the decimal system of coinage in
April 1995
April 1957
April 1958
April 1959
Q.8
The association of the rupee with pound sterling as the intervention currency was broken in
1990
1991
1992
1993
Q.9
Devaluation of a currency means
fall in exchange value of a country by market forces
reduction in external value/exchange value of currency by the government
reduction in currency value due to wear and tear
all of the above
Q.10
In the second nationalization of commercial banks, ___ banks were nationalized.
4
5
6
8
Q.11
The central banking functions in India are performed by the
I=Central Bank of India
II=Reserve Bank of India
III=State Bank of India
IV=Punjab National Bank
I, II
II
I
II, III
IV
Q.12
Development expenditure of the Central government does not include
defence expenditure
expenditure on economic services
expenditure on social and community services
grant to states
Q.13
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?
Reliance Energy
Essar Oil
GAIL
ONGC
Q.14
Non Tax revenues can be increased by improving the working of the
State Road Transport Corporations
electricity boards
commercial irrigation projects
All of the above
Q.15
One of the reasons for India's occupational structure remaining more or less the same over the years has been that
investment pattern has been directed towards capital intensive industries
productivity in agriculture has been high enough to induce people to stay with agriculture
ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
people are largely unaware of the significance of transition from agriculture to industry for econom
Q.16
Excess of Total Expenditure over total Receipts is :
Deficit Budget
Surplus Budget
Balanced Budget
None of the above
Q.17
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines
to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to lend more easily for industrial development
Q.18
The central co-operative banks are in direct touch with
farmers
state co-operative banks
land development banks
central government
Q.19
The first wholly Indian Bank was set up in
1794
1894
1896
1902
Q.20
On which one of the following is the benefits received principle of taxation to achieve optimality bases?
Marginal benefit received
Total benefit received
Average benefit received
Ability to pay for the benefit
Q.21
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
I=interest payments
II=subsidies
III=defence
IV=irrigation
I, II
I
I, II, III
II, III, IV
Q.22
During which five Year plan was phase of heavy industrialization initiated?
Second five year plan.
First five year plan
Third five year plan
Fourth five year plan
Q.23
ICICI is the name of a
chemical industry
bureau
corporation
financial institution
Q.24
Which of the following is not viewed as a national debt?
Provident Fund
Life Insurance Policies
National Saving Certificate
Long-term Government Bonds
Q.25
The condition of indirect taxes in the country's revenue is approximately
70 percent
75 percent
80 percent
86 percent
Q.26
Gross domestic capital formation is defined as
flow of expenditure devoted to increased or maintaining of the capital stock
expenditure incurred on physical assets only
production exceeding demand
net addition to stock after depreciation
Q.27
In India the first bank of limited liability managed by Indian and founded in 1881 was:
Oudh commercial Bank.
Hindustan Commercial Bank
Punjab National Bank
Punjab and Sind Bank
Q.28
Which company has started a rural marketing network called e-Chaupals?
ITC
Dabur
Procor and Gamble
Hindustan liver
Q.29
Depreciation means
closure of a plant due to lock out
closure of a plant due to labour trouble
loss of equipment over time due to wear and tear
destruction of a plant in a fire accident
Q.30
The Mid Day Meal scheme was launched on
August 15, 2000
August 15, 1992
August 15, 1995
August 15, 2001
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