Friday, June 8, 2012

INDIAN ECONOMY MCQs


1. The State having the highest literacy rate among woman in India is—

(A) Tamil Nadu

(B) Kerala

(C) West Bengal

(D) Maharashtra

2. IRDP was introduced in the year—

(A) 1978-79

(B) 1979-80

(C) 1980-81

(D) 1981-82

3. As per 61st Round of NSSO Survey employment growth rate during 1999–2000 to 2004–05 has been estimated to be—

(A) 2·6%

(B) 2·8%

(C) 3·0%

(D) 3·2%

4. Oil Refinery at Bhatinda is being established by—

(A) IOC

(B) HPCL

(C) Reliance

(D) BPCL

5. The new Share Price Index (in dollar value) of Mumbai Share Market is—

(A) Dolex

(B) Urex

(C) Forex

(D) Sensex

6. BCCI is—

(A) An International Terrorist Organisation

(B) An International Industrial Organisation

(C) A Movement for International Peace

(D) An International Banking Organisation

7. Index ‘Residex’ is associated with—

(A) Share Prices

(B) Mutual Fund Prices

(C) Price Inflation Index

(D) Land Prices

8. The outlines of second five year plan was made by—

(A) B. N. Gadgil

(B) VKRV Rao

(C) P. C. Mahalanobis

(D) C. N. Vakil

9. Which panel has been appointed by Finance Ministry to review the service tax issues ?

(A) Abhijit Sen Panel

(B) Ahluwalia Panel

(C) Rastogi Panel

(D) Rangrajan Panel

10. NABARD was established in—

(A) Fourth Plan

(B) Fifth Plan

(C) Sixth Plan

(D) Eighth Plan

11. Devaluation means—

(A) To reduce the value of home currency in other currency

(B) To appreciate the value of home currency

(C) To issue new currency in place of old currency

(D) None of these

12. IMF has raised India’s quota as a result of which India’s voting right has gone up from 1.88% to—

(A) 2.0%

(B) 2.44%

(C) 2.82%

(D) 3.1%

13. Which of the following Indian company has signed an agreement with Vietnam to establish steel plant at Vung Ang economic region of Ha Tinh State of Vietnam ?

(A) Tata Steels

(B) Reliance Steels

(C) Mittal Steels

(D) Birla Group

14. CSO has shifted the base year for national income estimates—

(A) From 1990-91 to 1999-2000

(B) From 1993-94 to 1999-2000

(C) From 1990-91 to 2000-01

(D) From 1993-94 to 2000-01

15. The number of approved share markets in India—

(A) 19

(B) 20

(C) 23

(D) 24

16. After merger of Air India and Indian Airlines, the new entity is now known as—

(A) India Airlines

(B) Air India

(C) Indian

(D) Indian Airways

17. Dalal Street is situated at—

(A) London

(B) Paris

(C) Mumbai

(D) New Delhi

18. RBI was nationalised in—

(A) 1959

(B) 1947

(C) 1945

(D) 1949

19. Who was the Chairman of the Working Group of Planning Commission which suggested the shifting of base year of Wholesale Price Index from 1993-94 to 1999-2000 ?

(A) Dr. C. Rangrajan

(B) Prof. Abhijit Sen

(C) Prof. A. R. Khusro

(D) Prof. Janakiraman

20. SBI (Subsidiary Banks Laws) Amendment Bill passed by the Parliament allows SBI to reduce its holding in its seven subsidiary banks from—

(A) 100% to 75%

(B) 75% to 50%

(C) 75% or more to 51%

(D) 75% or more to 49%

21 The foundation stone of a new rail coach making factory has been laid at—

(A) Saharsa

(B) Rae Bareli

(C) Amethi

(D) Amritsar

22. CONCORD of 8 states of Northern region is a scheme of—

(A) FICCI

(B) ASSOCHAM

(C) CII

(D) A joint scheme of all the above

23. The weight of mining sector in Industrial production index is—

(A) 10·69%

(B) 22·42%

(C) 11·46%

(D) 44·44%

24. Which of the following public sector enterprise has been given status of ‘Mini Ratna’ by the govt. in August 2008 ?

(A) Shipping Corporation of India

(B) Hindustan Copper Ltd.

(C) Bharat Electronics Ltd.

(D) Power Finance Corporation


25. Aam Admi Bima Yojana provides social security to—

(A) All labours in rural areas

(B) All landless labours living below poverty line in rural areas

(C) All labours in urban areas

(D) All labours in both rural as well as urban areas

26. Who was the Chairman of 12th Finance Commission ?

(A) C. Rangrajan

(B) K. C. Pant

(C) Kelkar

(D) Madhavan Ravindre

27. Increase in net RBI credit for Central Government represents—

(A) Budgetary Deficit

(B) Revenue Deficit

(C) Fiscal Deficit

(D) Monetised Deficit

28. Which pair is not correct ?

(A) Rekhi Committee—Simplification of Export and Import

(B) Nanjundappa Committee—Railway fare

(C) Rangrajan Committee—Balance of Payment

(D) Goiporia Committee—Banking Service Improvements

29. Individual cannot open his account in—

(A) Urban Cooperative Bank

(B) Regional Rural Bank

(C) RBI

(D) Scheduled Commercial Banks

30. The basis of determining dearness allowance to employees in India is—

(A) National Income

(B) Consumer Price Index

(C) Standard of Living

(D) Per Capita Income

31. The objective of ‘Sangam Yojana’ is—

(A) To make Ganga water pollution free

(B) To make Sangam region of Allahabad more attractive for tourists

(C) To ensure welfare of handicapped

(D) To unite various groups of Hindus

32. IMF has raised the quota and voting share of India which places India at……place among 184 members of the organisation.

(A) 10th

(B) 11th

(C) 12th

(D) 13th

33. The process of budget making after re-evaluating every item of expenditure in every financial year is known as—

(A) Performance Budgeting

(B) Deficit Budgeting

(C) Zero Based Budgeting

(D) Fresh Budgeting

34. Project ‘Sankalp’ is associated with the elimination of—

(A) Illiteracy

(B) Polio

(C) Unemployment

(D) AIDS/HIV

35. In Interim Budget 2009-10, the share of subsidy in one rupee expenditure stands at—

(A) 9 paise

(B) 10 paise

(C) 11 paise

(D) 12 paise

36. ‘Focus Product’ and ‘Focus’ Market’ are the two schemes introduced related to—

(A) Industrial Diversification

(B) Technology Upgradation

(C) Export Promotion

(D) Control of Inflation

37. In fiscal stimulus III announced by the Finance Ministry on the day of passing Interim Budget 2009-10 in Parliament has been reduced to—

(A) 12%

(B) 11%

(C) 10%

(D) 9%

38. As on March 4, 2009 bank rate stands at—

(A) 7·0%

(B) 6·5%

(C) 6·0%

(D) 5·5%

39. To which community/organization maximum goods are exported from India ?

(A) EEC

(B) Commonwealth nation

(C) SAFTA

(D) OPEC

40. Which of the following committee has recently submitted its recommendations on financial sector reforms ?

(A) Rajan Committee

(B) Narsimham Committee

(C) Damodaran Committee

(D) Kelkar Committee

41. According to 2001 census, during 1991–2001 the highest population growth rate was found in—

(A) Madhya Pradesh

(B) Manipur

(C) Rajasthan

(D) Nagaland

42. According to 2001 census, per 1000 male female number is—

(A) 939

(B) 959

(C) 933

(D) 927

43. Under Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP) those urban areas were included which had a population—

(A) Upto 50,000

(B) Between 50,000 and 1 Lakh

(C) Between 50,000 to 5 Lakh

(D) None of these

44. The Nobel Prize for Economics in 2007 was given to—

(A) Thomas C. Schelling and Robert J. Aumann

(B) George A. Akerlof, Michael Spence & Joseph E. Stiglitz

(C) James Huckman and Denial Macfadan

(D) Leonid Hurwicz, Eric Maskin and Roger Myerson

45. To which state Nano Car product has been shifted from West Bengal ?

(A) Andhra Pradesh

(B) Karnataka

(C) Gujarat

(D) Haryana

46. Nobel Prize of Economics for the year 2006 was given to—

(A) Milton Friedman

(B) Edmund Phelps

(C) Thomas C. Schellings

(D) Finn Kydland

47. SJSRY belongs to—

(A) Urban areas

(B) Rural areas

(C) Semi-urban areas

(D) All of these

48. What is ‘Hawala’ ?

(A) Full details of a subject

(B) Illegal transactions of foreign exchange

(C) Illegal trading of shares

(D) Tax evasion

49. Which plan was suspended one year before the time schedule ?

(A) First Plan (1951–56)

(B) Third Plan (1966–71)

(C) Sixth Plan (1980–85)

(D) Fifth Plan (1974–79)

50. Which pair is not correct ?

(A) I Plan (1951–56)

(B) III Plan (1966–71)

(C) VI Plan (1980–85)

(D) X Plan (2002–2007)

Answers :

1. (B) 2. (A) 3. (A) 4. (B) 5. (A) 6.
(D) 7. (D) 8. (C) 9. (C) 10. (C)
11. (A) 12. (B) 13. (A) 14. (B) 15. (D)
16. (B) 17. (C) 18. (D) 19. (B) 20. (C)
21. (B) 22. (C) 23. (A) 24. (B) 25. (B)
26. (A) 27. (D) 28. (A) 29. (C) 30. (B)
31. (C) 32. (B) 33. (C) 34. (D) 35. (A)
36. (C) 37. (C) 38. (C) 39. (A) 40. (A)
41. (D) 42. (C) 43. (B) 44. (D) 45. (C)
46. (B) 47. (A) 48. (B) 49. (D) 50. (B)

No comments:

Post a Comment