Friday, June 8, 2012

INDIAN ECONOMY PREVIOUS QUESTIONS


1. CAPART is related with—

(A) Assisting and evaluating rural welfare programmes

(B) Computer hardware

(C) Consultant service of export promotion

(D) Controlling pollution in big industries

2. Note issuing deptt. of RBI should always possess the minimum gold stock of worth—

(A) Rs. 85 crore

(B) Rs. 115 crore

(C) Rs. 200 crore

(D) None of these

3. Which of the following does not grant any tax rebate ?

(A) National Saving Certificate

(B) Indira Vikas Patra

(C) National Saving Scheme

(D) Public Provident Fund

4. Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on—

(A) 31 March, 1997

(B) 31 March, 1996

(C) 1 April, 1992

(D) 1 April, 1995

5. SEBI was established in—

(A) 1993

(B) 1992

(C) 1988

(D) 1990

6. The working of SEBI includes—

(A) To regulate the dealings of share market

(B) To check the foul dealings in share market

(C) To control the inside trading of shares

(D) All of these

7. The ‘Ad hoc Treasury Bill System’ of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on—

(A) March 31, 1997

(B) April 1, 1996

(C) April 1, 1997

(D) None of these

8. As per the latest data released by Internet Governance Forum (IGF), India stands at……place in the list of largest internet users in the world.

(A) Second

(B) Fourth

(C) Sixth

(D) Tenth

9. As per the latest report of CCS
(Centre for Civil Society), India holds…… rank in the world for having economic freedom in the economy.

(A) 56th

(B) 65th

(C) 70th

(D) 77th

10. Which statement of the following is true for IMF ?

(A) It is not an agency of UNO

(B) It can grant loan to any country of the world

(C) It can grant loan to state Govt. of a country

(D) It grants loan only to member nations

11. World Economic Forum has released its first Financial Development Report which places India at……rank on the basis of financial development in the economy.

(A) 28th

(B) 31st

(C) 33rd

(D) 36th

12. Which of the following is public sector organisation ?

(1) FCI Food Corporation of India

(2) FCI Fertilizer Corporation of India

(3) Cotton Corporation of India

(4) Jute Corporation of India

(A) Only 1 and 2

(B) Only 2, 3

(C) Only 3, 4

(D) All of these

13. Which day has been declared as ‘Balika Diwas’ (Girl Day) by the Ministry of Woman and Children Development ?

(A) April 5, every year

(B) July 9, every year

(C) October 9, every year

(D) December 9, every year

14. For RIDF-XV, allocation in Interim Union Budget 2009-10 was—

(A) Rs. 4500 crore

(B) Rs. 5500 crore

(C) Rs. 12000 crore

(D) Rs. 14000 crore

15. The birth rate and death rate for the year 2006 have been estimated as—

(A) 26·2 and 8·1 per thousand respectively

(B) 24·8 and 8·0 per thousand respectively

(C) 23·8 and 7·6 per thousand respectively

(D) 23·5 and 7·5 per thousand respectively

16. Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?

(A) Price for APL is double of BPL price

(B) Price for BPL is one-third of APL price

(C) Difference of Rs. 500 per Qt.

(D) Difference of Rs. 250 per Qt.

17. What growth target government has estimated for the domestic crude production for the 11th Plan (2007–12) ?

(A) 42%

(B) 33%

(C) 29%

(D) 26%

18. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in—

(A) Rural Post Offices

(B) Commercial Banks

(C) Rural Development Bank

(D) Any of the above

19. The rate at which banks lend to RBI is known as—

(A) Bank Rate

(B) Repo Rate

(C) Reverse Repo Rate

(D) Interest Rate

20. Which of the following has been declared ‘company of the year’ in Economic Times Corporate Exellence Awards 2007-08 ?

(A) Reliance Industries

(B) Hindustan Lever

(C) Tata Steels

(D) Ranbaxy

21. Mistry Committee in its final report recommends full capital account convertibility by—

(A) 2008 end

(B) 2009 end

(C) 2010 end

(D) 2011 end

22. Which committee recommended tax on Agriculture Holdings ?

(A) Bhootlingam Committee

(B) Wanchoo Committee

(C) Raj Committee

(D) None of these

23. In its fiscal stimulus package to minimise the impact of depression on the economy, the government has reduced CENVAT rate from 14% to—

(A) 12%

(B) 10%

(C) 8%

(D) No change

24. The cause of deflation is—

(A) Lack of goods and services as compared to money supply

(B) Lack of imports as compared to exports

(C) Lack of money supply as compared to supply of goods and services

(D) None of these

25. Which of the following is a better measure of economic development ?

(A) Employment

(B) Size of exports

(C) Rural consumption

(D) National Income

26. Which bank in India performs duties of Central Bank ?

(A) Central Bank of India

(B) State Bank of India

(C) Reserve Bank of India

(D) Above (A) and (B)

27. Pradhanmantri Bharat Jodo Pariyojana is related to—

(A) Communication

(B) Social Integration

(C) Linking of Rivers

(D) Development of Highways

28. ‘India Brand Equity Fund’ was established in—

(A) 1996

(B) 1997

(C) 1995

(D) 1992

29. Mixed Economy means—

(A) Co-existence of small and large industries

(B) Promoting both Agriculture and Industries in the economy

(C) Co-existence of public and private sectors

(D) Co-existence of rich and poor

30. Ministry of HRD has announced to hike FDI limit in Education to—

(A) 65%

(B) 70%

(C) 75%

(D) 100%

31. ‘Pure Banking, Nothing Else’ is a slogan raised by—

(A) ICICI Bank

(B) HDFC Bank

(C) SBI

(D) UTI Bank

32. Nobel Prize for Economics (2008) has been given to—

(A) Martti Ahtisaari

(B) Paul Krugman

(C) Makoto Kobayashi

(D) Luc Montagnier

33. Indian State having the lowest Infant Mortality Rate is—

(A) Maharashtra

(B) Goa

(C) Gujarat

(D) Kerala

34. ‘Smart Money’ is a term used for—

(A) Internet Banking

(B) Credit Card

(C) Cash with Bank

(D) Cash with Public

35. Which of the following has the maximum share in GSM Mobile Phone Service Market ?

(A) Vodafone (earlier Hutch)

(B) Airtel

(C) BSNL

(D) Reliance

36. The main objective of TRYSEM was—

(A) To train rural youth for self employment

(B) To train urban youth for self employment

(C) Both of the above

(D) None of these

37. The establishment of IORARC (Indian Ocean Rim Association for Regional Cooperation) was officially declared on—

(A) March 5, 1996

(B) March 5, 1997

(C) April 1, 1997

(D) August 15, 1947

38. Inside Trading is related to—

(A) Share Market

(B) Horse racing

(C) Taxation

(D) Public Expenditure

39. The largest source of National Income in India is—

(A) Service Sector

(B) Agriculture

(C) Industrial Sector

(D) Trade Sector

40. ‘Public Sector’ means—

(A) Government ownership on commerce and trade

(B) Capitalist ownership on commerce and trade

(C) Private ownership on trade

(D) None of these

41. NABARD is—

(A) A bank

(B) A board

(C) A block

(D) A department

42. Indian Green Revolution is the most successful in—

(A) Wheat and Potato

(B) Jwar and Oil Seeds

(C) Wheat and Rice

(D) Tea and Coffee

43. The period of 10th plan in India was—

(A) 2000–2005

(B) 2001–2006

(C) 2002–2007

(D) 2003–2008

44. Economic Planning is in—

(A) Union list

(B) State list

(C) Concurrent list

(D) Not any specified list

45. Which Indian State has adopted the concept of 5 days-week on the lines of Central Government ?

(A) Uttar Pradesh

(B) Rajasthan

(C) Tamil Nadu

(D) Kerala

46. The Oil Refinery established at Panipat belongs to—

(A) Public Sector

(B) Private Sector

(C) Joint Sector

(D) Cooperative Sector

47. 12th Finance Commission has recommended to merge and determine one single interest rate on various outstanding central loans to states having different interest rates. What is this recommended interest rate ?

(A) 7·0%

(B) 7·5%

(C) 8·0%

(D) 8·5%

48. MRTP is related to—

(A) Monopoly and trade restrictions

(B) Inflation control

(C) Transport control

(D) Foreign Exchange Regulations

49. Interest Rate Policy is a part of—

(A) Fiscal Policy

(B) Industrial Policy

(C) Monetary Policy

(D) None of these

50. 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

Answers :


1. (A) 2. (B) 3. (B) 4. (A) 5. (C) 6.
(D) 7. (C) 8. (B) 9. (D) 10. (D)
11. (B) 12. (D) 13. (D) 14. (D) 15. (D)
16. (A) 17. (D) 18. (A) 19. (C) 20. (C)
21. (A) 22. (D) 23. (B) 24. (C) 25. (D)
26. (C) 27. (D) 28. (A) 29. (C) 30. (D)
31. (C) 32. (B) 33. (D) 34. (B) 35. (B)
36. (A) 37. (B) 38. (A) 39. (A) 40. (A)
41. (A) 42. (C) 93. (C) 94. (C) 95. (B)
46. (A) 97. (B) 98. (A) 99. (C) 50. (B)

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