Friday, June 8, 2012

INDIAN ECONOMY PRACTICE MCQs


1. Which country is the largest oil producing country of the world ?

(A) Saudi Arabia

(B) Russia

(C) America

(D) None of these

2. At the end of December 2008, the teledensity in India has become—

(A) 25·89%

(B) 26·89%

(C) 32·32%

(D) 33·23%

3. Which of the following took the decision of establishing ‘South Asian Development Fund’ ?

(A) ADB

(B) World Bank

(C) SAARC

(D) IMF

4. World Environment Day is celebrated on—

(A) June 5

(B) June 9

(C) June 11

(D) June 13

5. Which of the following committee has recommended full rupee convertibility in capital account by 2010-11 ?

(A) Mistry Committee

(B) Tarapore Committee

(C) Narsimham Committee

(D) Rastogi Committee

6. TRIPS—‘Trade Related Intellectual Property Rights’ and TRIMS–‘Trade Related Investment Measures’ are associated with—

(A) Preston Proposal

(B) Dunkel Proposal

(C) Chelliah Committee

(D) None of these

7. Which is true for Finance Commission?

(A) It is a statutory body

(B) It is constituted under article 280 of the Constitution

(C) Dr. C. Rangrajan is Chairman of 12th Finance Commission

(D) All of these

8. What is the projected agriculture annual growth rate for the 11th plan period (2007–2012) ?

(A) 3·8%

(B) 4·0%

(C) 5·0%

(D) 4·5%

9. What is the CRR maximum limit for a commercial bank to be deposited with RBI?

(A) 40%

(B) 50%

(C) 30%

(D) 45%

10. What is the CRR minimum limit for a commercial bank to be deposited with RBI?

(A) 3%

(B) 10%

(C) 5%

(D) 6%

11. What was the field of Sunderajan Committee ?

(A) Petroleum

(B) Small Industry

(C) Education

(D) Power

12. SENSEX is related with the value of a few selected companies. The number of companies is—

(A) 300

(B) 150

(C) 100

(D) 30

13. The official exchange rate of Indian rupee is associated with—

(A) Pound Sterling

(B) Dollar

(C) SDR

(D) A basket of selected companies

14. As a result of Green Revolution, which foodgrains had a reduced percentage in total foodgrains production ?

(A) Wheat

(B) Rice

(C) Cereals and Pulses

(D) None of these

15. Janakiraman Committee was constituted with the aim—

(A) To suggest measures to raise Post Office deposits

(B) To suggest reforms in banking structure

(C) To investigate the malpractices of industrial finance

(D) To investigate the security transactions of the bank

16. Which sector constitutes the maximum share in National Income of India ?

(A) Primary

(B) Secondary

(C) Tertiary

(D) All the above have equal share

17. Corporate Tax is imposed by—

(A) State Government

(B) Local Government

(C) Central Government

(D) Both Centre and State Government

18. Which high power committee was constituted to probe into the financial position of oil firms in 2008 ?

(A) Chaturvedi Committee

(B) Rangrajan Committee

(C) Rakesh Mohan Committee

(D) Tendulkar Committee

19. Which city is known as ‘Electronic City’ ?

(A) Gurgaon

(B) Bangalore

(C) Jaipur

(D) Salem (Tamil Nadu)

20. The operational date of TRIPS agreement of WTO is—

(A) January 1, 2004

(B) January 1, 2005

(C) January 1, 2006

(D) January 1, 2007

21. The basic theme of the 28th International Trade Fair was—

(A) Women Empowerment

(B) Information Technology Growth

(C) Environment Protection

(D) Handicrafts

22. Which of the following city will be the first city in India to have a second
underground railway corridor ?

(A) New Delhi

(B) Kolkata

(C) Mumbai

(D) Chennai

23. Recently SEBI has exempted the people of a State for mentioning PAN
(Permanent Account Number) while trading mutual funds. This State is—

(A) Sikkim

(B) Arunachal Pradesh

(C) Nagaland

(D) Jammu & Kashmir

24. Which bank in India became the first bank to open its branch in China ?

(A) IDBI Bank

(B) HDFC Bank

(C) State Bank of India

(D) Punjab National Bank

25. Which of the following is not helpful in controlling money supply ?

(A) Free Market Policy

(B) CRR

(C) Bank Rate

(D) Change in margin requirement

26. During first half of 2008-09 Indian imports has shown a growth of—

(A) 38.6%

(B) 32.2%

(C) 30.3%

(D) 282%

27. The revenue of custom duty goes to—

(A) Only to State

(B) Only to Centre

(C) To both (A) and (B)

(D) RBI

28. UNPF in its report ‘State of World Population 2008’ has projected the Indian population to be 165·8 crore by the year—

(A) 2025

(B) 2030

(C) 2040

(D) 2050

29. Rolling Plan was made for the
period—

(A) 1971 to 1978

(B) 1980 to 1985

(C) 1978 to 1983

(D) 1992 to 1997

30. The maximum number of Foreign
Institutional Investors registered with
SEBI comes from—

(A) USA

(B) England

(C) Germany

(D) Japan

31. What is debt ?

(A) Stock-flow Hypothesis

(B) Flow Hypothesis

(C) Stock Hypothesis

(D) None of these

32. Which Union Territory is the most
dense populated region of the country ?

(A) Lakshadweep

(B) Delhi

(C) Andman-Nicobar Islands

(D) Puducherry

33. At which rank has Tata Steel been
placed in Fortune 500 list of American
business magazine to look its
performance till March 2008 instead of
December 2007 ?

(A) 201st

(B) 211th

(C) 221st

(D) 231st

34. 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

35. Which ceiling of the income was
recommended tax free from personal
income tax by Kelkar Committee ?

(A) Rs. 50000

(B) Rs. 75000

(C) Rs. 1 lakh

(D) Rs. 1.5 lakh

36. The re-elected President of Bombay
Stock Exchange (Re-elected in November
2008) is—

(A) Jagdish Capoor

(B) Deepak Parekh

(C) V.P. Shetty

(D) Rajiv Chandra Shekhar

37. The mascot of the merged Indian
airline ‘Air India’ is—

(A) Konark Chakra

(B) The Centaur

(C) The Maharaja

(D) Flying Swan with Konark Chakra

38. Which Indian Commercial Bank became
the first in providing mobile ATM
service ?

(A) ICICI Bank

(B) IDBI Bank

(C) HDFC Bank

(D) SBI

39. South Asian Conference on Sanitation
(SACOSAN-III) took place in New Delhi on
November 18-21, 2008. Which of the
following body organised it ?

(A) Planning Commission

(B) Ministry of Health

(C) Ministry of Human Resource
Development

(D) Ministry of Rural Development

40. The first BRIC Summit 2009 is
scheduled to be held in—

(A) India

(B) Russia

(C) Brazil

(D) China

41. Fiscal Deficit means—

(A) Public Expenditure—Debts froms
sources other than RBI

(B) Public Capital Expenditure—Surplus
of Revenue Account

(C) Govt. Expenditure—Revenue receipts

(D) Public Expenditure—Tax and non-tax
revenue receipts

42. Dunkel Draft was—

(A) Associated with Uruguay round

(B) Related to atomic treaty among
nations

(C) Related to Super 301

(D) Related to promoting drugs trade

43. Which is the main Kharif crop ?

(1) Rice

(2) Cotton

(3) Bajra

(4) Gram

(A) 1 and 2

(B) 2 and 3

(C) 1, 2 and 3

(D) 1, 2, 3 and 4

44. Telecommunication Department
organised ‘India’ Telecom 2008’ in
collaboration with—

(A) FICCI

(B) ASSOCHAM

(C) SIDBI

(D) Indian Banking Association

45. ‘Big Digital TV DTH’ is a subsidiary
unit of—

(A) Bharti Airtel

(B) Dish T.V.

(C) Tata Sky

(D) Reliance Communications

46. National Rural Employment Guarantee
Act, 2005 ensures for how many days of
employment in a year in rural areas ?

(A) 365 days

(B) At least 200 days

(C) 150 days

(D) 100 days

47. The major currency of domination in
‘India’s External Debt’ composition is
US dollar having
share of—

(A) 28·8%

(B) 42·3%

(C) 52·8%

(D) 61·5%

48. India is not a member of—

(A) G-15

(B) UNO

(C) ASEAN

(D) Commonwealth

49. Which of the following is not a
member of SAARC ?

(A) Nepal

(B) Pakistan

(C) Bangladesh

(D) Myanmar

50. Shankerlal Guru Committee was associated with—

(A) Agricultural Marketing

(B) Agriculture Production

(C) Public Distribution System

(D) None of these

Answers :


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

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