Friday, June 8, 2012

INDIAN ECONOMY PRACTICE QUESTIONS


1. The committee associated with establishing new stock exchanges was—

(A) M. J. Ferwani

(B) M. Narsimham

(C) S.N. Nadkarni

(D) R. Janakiraman

2. Consumer Protection Act (COPRA) was implemented in—

(A) 1985

(B) 1986

(C) 1987

(D) 1988

3. Narsimham committee recommended to make banking structure of the country—

(A) Two tier

(B) Three tier

(C) Four tier

(D) Five tier

4. ‘Canfina’ is associated with—

(A) Canara Bank

(B) SBI

(C) National Housing Bank

(D) Standard Chartered Bank

5. Railway had declared year 2007-08 as—

(A) A Year of Safety

(B) A Year of Prosperity

(C) A Year of Customer Service

(D) A Year of Cleanliness

6. Special Economic Zone Act 2005 was passed by Parliament in May 2005. This Act came into force w.e.f.—

(A) January 10, 2006

(B) February 10, 2006

(C) June 23, 2006

(D) July 1, 2006

7. India Development Bond was issued in 1991-92 by—

(A) SBI

(B) RBI

(C) UTI

(D) NHB

8. 20 rupee and above value notes are printed in—

(A) Currency Note Press, Nasik Road

(B) Bank Note Press, Dewas

(C) Security Printing Press, Hyderabad

(D) All of these

9. Central Revenue Board was divided into ‘Central Excise and Custom Duty Board’ and ‘Central Direct Tax Board’ in—

(A) 1950

(B) 1958

(C) 1963

(D) 1975

10. Which direct tax among the followings gives maximum net revenue to the Government ?

(A) Corporate Tax

(B) Income Tax

(C) Wealth Tax

(D) Gift Tax

11. Disinvestment Commission in India was firstly established in—

(A) August 1992

(B) August 1995

(C) August 1996

(D) May 1997

12. 24th India Economic Summit under the platform of World Economic Forum (WEF) was held on November 16-18, 2008 in—

(A) Mumbai

(B) Bangalore

(C) New Delhi

(D) Hyderabad

13. Operation Flood programme was introduced in—

(A) 1951

(B) 1970

(C) 1975

(D) 1985

14. Health Insurance Business is associated with—

(A) LIC

(B) UTI

(C) GIC

(D) State Trading Corporation

15. DWCRA is now merged in—

(A) JRY

(B) SJSRY

(C) TRYSEM

(D) SGSY

16. ‘Asian Fabulous-50’ (a Forbes’ list of 50 best listed companies in the Asia-Pacific region) ranking is topped by—

(A) Acer (Taiwan Based)

(B) BHEL (India)

(C) Bharti Airtel (India)

(D) Angang Steel (China)

17. When did the start SJSRY scheme?

(A) December 31, 1999

(B) December 1, 1996

(C) December 1, 1997

(D) December 1, 1999

18. As per the 61st round of NSSO report, the per capita food intake in rural India during 2004-05 stands at—

(A) 2047 calorie

(B) 2020 calorie

(C) 2143 calorie

(D) 1991 calorie

19. ‘Workplace Smoke-free Policy’ has been implemented w.e.f.—

(A) April 1, 2008

(B) September 5, 2008

(C) October 2, 2008

(D) Yet to be implemented

20. Which of the following country has been named as the biggest emitter of carbon dioxide (CO2) in the world ?

(A) India

(B) China

(C) US

(D) France

21. As per NSSO survey on ‘Household Consumer Expenditure’, an individual in rural India on an average spends about—

(A) Rs. 16 per day

(B) Rs. 21 per day

(C) Rs. 29 per day

(D) Rs. 32 per day

22. Which of the following company has become the 17th ‘Navratna’ status having company ?

(A) Rural Electrification Corporation (REC)

(B) NALCO

(C) Shipping Corporation of India (SCI)

(D) Power Grid Corporation of India Ltd. (PGCIL)

23. Which part of the divided UTI is working as Mutual Fund under SEBI rules?

(A) UTI-I

(B) UTI-II

(C) Both of the above

(D) None of the above

24. Which country tops the list of ensuring maximum cumulative FDI inflows to India between August 1991 to March 2008 ?

(A) USA

(B) UK

(C) Mauritius

(D) Japan

25. In which state ‘Kanya Vidyadhan Yojana’ is operational ?

(A) Uttar Pradesh

(B) Madhya Pradesh

(C) Rajasthan

(D) Haryana

26. Which rank India attains in tobacco production in the world ?

(A) First

(B) Second

(C) Sixth

(D) Fourth

27. Which district of Hindi speaking belt has firstly been declared as fully literate ?

(A) Narsinghpur (M.P.)

(B) Palampur (H.P.)

(C) Jhunjhanu (Rajasthan)

(D) Palamu (Bihar)

28. Which of the following country has the highest number of telephone users in the world ?

(A) China

(B) United States of America

(C) Japan

(D) India

29. ‘Food for Work Programme’ was renamed as—

(A) RLEGP

(B) IRDP

(C) NREP

(D) MNP

30. G-20 Summit with main agenda on ‘Global Recession’ was held on November 14-15, 2008 in—

(A) Washington DC

(B) New York

(C) London

(D) Tokyo

31. Rekhi committee was constituted in 1992 which was associated with—

(A) Indirect taxes (Excise and Custom duty) regulations

(B) Change in Banking Structure

(C) Security Scam

(D) None of these

32. Which country has the maximum broad band subscribers in the world ?

(A) USA

(B) China

(C) Japan

(D) France

33. Sixteenth APEC Summit took place on November 22-23, 2008 in—

(A) Kuala Lumpur (Malaysia)

(B) Lima (Peru)

(C) Sydney (Australia)

(D) Hanoi (Vietnam)

34. SBI (Subsidiary Banks Laws) Amendment Bill, 2006 which is passed by Lok Sabha amends—

(A) State Bank of Saurashtra Act, 1950

(B) State Bank of Hyderabad Act, 1956

(C) SBI (Subsidiary Banks) Act, 1959

(D) All the above

35. At present the number of member nations of BIMSTEC (Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation) is—

(A) 3

(B) 5

(C) 7

(D) 9

36. SITTDEC—‘South Investment Trade and Technology Data Exchange Centre’ is a scheme of—

(A) SAARC

(B) ASIAN

(C) G-7

(D) G-15

37. During April-August 2008, which country stood at the top in providing maximum FDI in India ?

(A) Singapore

(B) Mauritius

(C) Holland

(D) USA

38. Scheduled Bank is that bank which is—

(A) Nationalised

(B) Not nationalised

(C) Based at foreign country

(D) Included in the second schedule of RBI

39. For which type of fertilizer India is fully dependent on imports ?

(A) Nitrogen Fertilizer

(B) Phosphetic Fertilizer

(C) Potash Fertilizer

(D) None of these

40. Which fertilizer is mostly consumed in India ?


(A) N

(B) P

(C) K

(D) All are used in equal ratio

41. Match the following—Unit I

(a) Aqua culture

(b) Flori culture

(c) Seri culture

(d) Viti culture

Unit II

(1) Silk

(2) Grapes

(3) Flower

(4) Fisheries

(a) (b) (c) (d)

(A) 4 3 2 1

(B) 3 4 1 2

(C) 3 4 2 1

(D) 4 3 1 2

42. Which of the subsidiary bank of SBI has been merged with State Bank of India?

(A) State Bank of Indore

(B) State Bank of Patiala

(C) State Bank of Hyderabad

(D) State Bank of Saurashtra

43. Indian Banks have the maximum foreign branches in—

(A) Bangladesh

(B) U.K.

(C) USA

(D) Sri Lanka

44. The first public sector bank in India which obtained license for Internet Banking from RBI is—

(A) Punjab National Bank

(B) Oriental Bank of Commerce

(C) Corporation Bank

(D) State Bank of India

45. At present which state contributes maximum foodgrain production ?

(A) Punjab

(B) Haryana

(C) West Bengal

(D) Uttar Pradesh

46. Which types of tax helps in reducing disparities of income ?

(A) Proportionate tax

(B) Progressive tax

(C) Regressive tax

(D) All of these

47. Which Bank is limited to the needs of agriculture and rural finance ?

(A) SBI

(B) IFC

(C) NABARD

(D) RBI

48. ‘Golden Handshake Scheme’ is associated with—

(A) Inviting foreign companies

(B) Private investment in public enterprises

(C) Establishing joint enterprises

(D) Voluntary retirement

49. 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 2000-01 ?

(A) Dr. C. Rangrajan

(B) Prof. Abhijit Sen

(C) Prof. A. R. Khusro

(D) Prof. Janakiraman

50. Which state has the lowest women literary rate in India (2001 census) ?

(A) Bihar

(B) Jharkhand

(C) U. P.

(D) Rajasthan

Answers :


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

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