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Indian Economy
Quiz 5
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Q.1
Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
The Comptroller General of Accounts
NITI Ayog
RBI
None of these
Q.2
One rupee currency note in India bears the signature of-
The president of India
Finance minister of India
Governor (RBI)
Finance secretary of Government of India
Q.3
Ten rupee notes contain the signature of:
Finance Secretary, GOI
Chairman, SBI
Governor, RBI
Finance Minister , GOI
Prime Minister
Q.4
Gilt-edged market means
bullion market
market of government securities
market of guns
market of pure metals
Q.5
National Rural Health mission was launched in:
October 2005
August 2005
April 2005
July 2005
Q.6
Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by:
Uttar Pradesh government
Madhya Pradesh government
Haryana
none of the above
Q.7
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
ARDC
SBI
NABARD
PACs
Q.8
Deficit financing implies
printing new currency notes
replacing new currency with worn out currency
public expenditure in excess of public revenue
public revenue in excess of public expenditure
Q.9
Deficit financing means that the government borrows money from the
RBI
local bodies
big businessmen
IMF
Q.10
With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
South Korea
China
Taiwan
Japan
Q.11
Aam Admi Bima Yojana was launched on:
November 14, 2011
March 5, 2009
March 10, 2008
October 2, 2007
Q.12
The budget deficit means
the excess of total expenditure, including loans, net of lending over revenue receipts
difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure
fiscal deficit less interest payments
Q.13
If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
Rs 1000
Rs 500
Rs 400
Rs 300
Q.14
On July 12, 1982, the ARDC was merged into
RBI
NABARD
EXIM Bank
None of the above
Q.15
Which of the following is the most appropriate cause of export surplus?
Country's exports promotion value
Country's stringent import policy
Developments in national and international markets
None of the above
Q.16
The first multi–purpose river valley project of independent India is:
Bhakra-Nangal
Damodar
Hirakud
Nagarjunasagar
Q.17
India’s share in textiles trade of the world is:
4%
6%
8%
10%
Q.18
Securities and Exchange Board of India (SEBI) was established on:
April 12, 1988
July 12, 1982
July 9, 1988
July 5, 1995
Q.19
The Ministry and programme Implementation - as an independent Ministry came into existence on :
October 15, 1999
January 15, 1998
September 15, 1999
June 15, 1999
Q.20
Government has merged Annapurna Scheme with:
National Old Age Pension Scheme
Ujjwala
IRDP
None of these
Q.21
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Q.22
Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
80 percent
83 percent
90 percent
100 percent
Q.23
National food for Work programme aimed at intensifying the generation of supplementary wage employment was launched in:
October 2004
September 2003
November 2004
January 2004
Q.24
The Money Order system in India was introduced in the year :
1999
1880
1882
1904
Q.25
Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
K.V. Kamath
Raghuram G. Rajan
Bimal Jalan
None of these
Q.26
Who gave the call for Evergreen Revolution?
M. S. Swaminathan
Verghese Kurien
Tribhuvandas Patel
H. M. Dalaya
Q.27
Paper currency first started in India in
1861
1542
1601
1880
Q.28
The ARDC is now a branch of the
RBI
NABARD
IDBI
SDBI
Q.29
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
increase it
decrease it
no impact
None of the above
Q.30
National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
50000 Megawatt
75000 Megawatt
100000 Megawatt.
125000 Megawatt
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