Indian Economy Questions And Answers For Competitive Exams
This Mock Test Is Good To Practice The Questions Of Indian Economy Exam That Are As The Same Pattern Main Exam .Candidates Are Required To Practice Hard To Score Well In The Indian Economy Exam. Therefore, Here Have Provided The Indian Economy Questions And Answers For Competitive Exams In Which Many Questions Available To Help You And Improve Your Skills. These Tests Will Determine Your Current Status And Position. These Will Be Based On New Pattern And Updated Syllabus. The Test Will Be Provided In English And If You Want To Give It In Hindi Then Visit Our Hindi Website.
• From 50% To 55%
• From 65% To 75%
• From 45% To 50%
2. Per Capita Income Is Obtained By Dividing National Income By
• Total Working Population
• Area Of The Country
• Volume Of Capital Used
3. Among The Tax Revenues Of The Union Government What Is The Largest Source?
• Corporation Tax
• Customs Duty
• Income Tax
4. The Decimal System Of Indian Currency Was Started In
• 1957
• 1960
• 1955
5. The Symbol Of Reserve Bank Of India Is
• Tiger Before A Palm Tree
• A Dog Sitting In A Defensive State
• Kuber With A Purse Of Money
6. Nextzone An Information Technology SEZ Is Being Established At
• Panvel In Maharashtra
• Secunderabad In Andhra Pradesh
• Panki In Uttar Pradesh
7. Which One Of The Following Is Not An Industrial Finance Institution?
• NABARD
• ICICI
• UTI
8. Who Has Provided The Savings Bank Facility To The Largest Number Of Account Holders In India?
• Punjab National Bank
• Allahabad Bank
• Post Office
9. Which Indian Private Sector Company Has The Largest Sales Turnover?
• ITC Ltd.
• Reliance Industries
• Tata Sons
10. Which One Of The Following Is Not Correct ?
• Fourth Five Year Plan1966-71
• Second Five Year Plan1956-61
• First Five Year Plan1951-56
11. Which Amidst The Following Is A PSU?
• Citibank
• Corporation Bank
• Bank Of Rajasthan
12. The Commission In India Dealing With Minimum Support Price Procurement Price Etc In Connection With Agricultural Goods Is The
• Planning Commission
• Agricultural Costs And Prices Commission
• National Marketing Commission
13. Which Among The Following Policy Of Life Insurance Company Is Related To Regular Old Age Pension?
• Jivan Chhaya
• Jivan Sanchay
• None Of These
14. The Centre For Agricultural Marketing Is Located At
• New Delhi
• Nagpur
• Hyderabad
15. What Has Been The Order Of India’s Imports During The Last Three Years?
• US $40 Billion
• US $60 Billion
• US $ 30 Billion
16. Where Is The Indian Institute Of Foreign Trade Located ?
• New Delhi
• Mumbai
• Ahmedabad
17. In Centre State Financial Relations In India Gadgil Formula Is Used In
• Formulating The Policy For Fresh Borrowings
• Writing Off States Indebtedness To The Centre
• Allocating Central Plan Assistance Between States
18. Under The Minimum Reserve System The Reserve Bank Of India As The Sole Authority Of Note Issue Is Required To Maintain Assets Worth Not Less Than
• 85 Crores Of Rupees
• 210 Crores Of Rupees
• 115 Crores Of Rupees
19. Which Of The Following PSU’s Has Been Privatised?
• HZL
• CMC
• Hotel Corporation Of India
20. Who Coined The Term Hindu Rate Of Growth For Indian Economy?
• Kirit S. Parikh
• Raj Krishna
• Montek Singh Ahluwalia
21. The Largest Share Of India’s National Income Originates In The
• Tertiary Sector
• Primary Sector
• Any Of The Above
22. Which Plan Gave Emphasis On Removal Of Poverty For The First Time ?
• Fifth
• Seventh
• Fourth
23. Token Privatisation Or Deficit Privatisation Of Public Sector Units Occur When The Government Sells
• 15 % Of Shares
• 5% Of Shares
• 20% Of Shares
24. Reserve Bank Of India Was Nationalised In
• 1948
• 1947
• 1951
25. Which Amidst The Following Is A PSU ?
• Bank Of Rajasthan
• Bank Of Lndia
• Bank Of Punjab
26. In Which Sector Of The Indian Economy Is Productivity The Highest
• Manufacturing
• Transport Communication And Commerce
• Other Sectors
27. Which Amidst The Following Banks Was Converted To A Universal Bank Recently?
• UTI Bank
• ICICI Bank
• IndusIand Bank
28. Which Is Not The Objective Of Public Procurement And Distribution System Followed By Indian Government ?
• Control The Production Of Food Grains
• Protect The Interests Of Both Consumers And Poor Farmers
• Reduce Personal And Regional Inequality In The Distribution
29. Reserve Bank Of India Keeps Some Securities Against Notes. These Securities Are Always Less In Comparison To
• Gold
• Gold Foreign Bonds And Government Bonds
• Gold And Foreign Bonds
30. The Government Of India Made It Obligatory On The Part Of All Commercial Banks That They Should Give Some Cash Amount While Purchasing Government Bonds. What Would You Call This?
• Cash Reserve Ratio
• Minimum Reserve Ratio
• Floating Reserve Ratio
31. What Are “Open Market Operations”?
• Activities Of SEBI Registered Brokers
• Selling Of Currency By The RBI
• Sale Of Shares By Fll’s
32. Which Among The Following Subjects Is Not An Aim Of The Monetary Policy Of The Reserve Bank Of India ?
• To Control Pressure Of Inflation
• To Ensure Social Justice
• Giving Impetus To Economic Development
33. ICI Is The Name Associated With
• Indian Cement Industry
• Chamber Of Commerce And Industry
• A Private Sector Bank
34. Which Of The Following Mahatma Gandhi Series Of Currency Notes Issued By The RBI Has A Drawing Of The Parliament House Depicted On It?
• Rs. 50
• Rs. 10
• Rs. 500
35. To Achieve High Rates Of Growth Of National Output The Economy Has To
• Step Up The Rate Of Savings
• Borrow Foreign Capital
• Increase The Rate Of Investment And Reduce The Capital Output Ratio
36. EXIM Policy 2002-07 Has Set A Target To Achieve A Share In The Global Trade By 2007 At
• 1.5 Per Cent
• 1.0 Percent
• 0.5 Per Cent
37. Which Amidst The Following Banks Was Recently Converted To A ”Universal Bank” ?
• Bank Of Baroda
• Canara Bank
• IDBI Bank
38. The Reserve Bank Of India Issues Currency Notes Under
• Minimum Reserve System
• Proportional Reserve System
• Fixed Fiduciary System
39. Fiscal Policy Is Concerned With
• Public Expenditure And Debt
• Bank Rate Policy
• Both
40. Which Authority Recommends The Principles Governing The Grant Sin Aid Of The Revenues Of The States Out Of The Consolidated Fund Of India?
• Union Ministry Of Finance
• Finance Commission
• Interstate Council
41. Chairman Of The Eleventh Finance Commission Was
• Vljay Kelkar
• Deepak Parekh
• Manmohan Singh
42. Currency Notes Of Rs. 2 Denomination And Above Are Liabilities Of
• Reserve Bank Of India
• Government Of India
• State Bank Of India
43. What Is The Purpose Of The India Brand Equity Fund ?
• To Organize Trade Fairs
• To Make Made In India A Label Of Quality
• To Provide Venture Capital To IT Sector.
44. Which Amidst The Following Taxes Collected By The Union Is NOT Mandated To Be Assigned To The States?
• Taxes On Consignment Of Goods
• Service Tax
• Terminal Taxes On Goods Or Passengers Carried By Railway Sea Or Air
45. The Concept Of Mixed Economy Means
• Simultaneous Development Of The Rural And Urban Sector
• To Have Equal Distribution Of Wealth Among The Rural And The Urban Poor
• Simultaneous Existence Of The Private And Public Sector
46. The Preparation Of National Income Estimates Is The Responsibility Of The
• National Development Council
• National Sample Survey Organisation
• Central Statistical Organisation
47. Which Among The Following Indian State Does Not Transacts Its Business Through Reserve Bank Of India?
• Jammu And Kashmir
• Arunachal Pradesh
• Mizoram
48. For Whom Was The First Departmental Life Insurance Started ?
• Employees Of Postal Department
• Army
• Civil Officers Of Central Government
49. Under Which Act Policy Was The BIFR Established ?
• Sick Industrial Companies Act
• MRTP Act
• Industrial Policy Of 1980
50. Where Is The Biggest Private Sector Power Project In India Located?
• Rajahmundry In Andhra Pardesh
• Korba In Madhya Pradesh
• Dabhol In Maharashtra
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