Friday, June 8, 2012

INDIAN ECONOMY QUESTIONS


1. What is ‘Super 301’ ?

(A) A name of modern computer

(B) A new variety of rice

(C) American trade law

(D) American treatment name for Aids

2. Which day is celebrated as ‘National Excise Duty Day’ ?

(A) 26th January

(B) 24th February

(C) 14th April

(D) 10th June

3. Air Deccan has been re-named as—

(A) Kingfisher Red

(B) Jet Red

(C) Sahara Red

(D) Indigo Red

4. For attracting more customers and providing better facilities, which of the following bank has launched a scheme ‘Parivartan’ ?

(A) Punjab National Bank

(B) Bank of Baroda

(C) State Bank of India

(D) Central Bank of India

5. Lahiri Committee was associated with—

(A) Industrial Sickness

(B) Minimum Support Prices of Agriculture Products

(C) Price Structure of Edible Oil

(D) Handicraft Exports

6. Plan expenditure in India is met by—

(A) Internal debt and other resources

(B) Assistance from Aid India Club

(C) Assistance from IMF

(D) Assistance from OECD countries

7. National Income in India is estimated by—

(A) Planning Commission

(B) Finance Commission

(C) Indian Statistical Institute

(D) Central Statistical Organisation

8. Population density means—

(A) No. of persons living per sq. km.

(B) No. of persons living per kilometre

(C) Ratio of population living below poverty line to total population

(D) No. of persons in a village

9. Which tax is collected by Panchayat ?

(A) Sales Tax

(B) Custom Duty

(C) Land Revenue

(D) Tax on local fairs

10. Which percentage UTI Asset Management Company (UTIAMC) is going to divest ?

(A) 14%

(B) 26%

(C) 33%

(D) 54%

11. Which sector got high rate of growth in its co-operative units ?

(A) Sugar

(B) Cotton Textile

(C) Jute

(D) Cement

12. Which committee among the following was associated with prices of petroleum products and its tariff structure ?

(A) Dr. Rangrajan Committee

(B) Malegam Committee

(C) Lahiri Committee

(D) Vaidyanathan Committee

13. The first fully literate district outside the Kerala State is—

(A) Wardhaman (West Bengal)

(B) Chingelpattu (Tamil Nadu)

(C) Nasik (Maharashtra)

(D) Merkata (Karnataka)

14. Tax Information Network (TIN), started in January 2004 is associated with—

(A) Sales Tax

(B) Excise Duty

(C) Income Tax

(D) Corporation Tax

15. Which of the following Committee has suggested to raise the prices of petrol and diesel every month ?

(A) Rangrajan Committee

(B) Chaturvedi Committee

(C) Tendulkar Committee

(D) Y. B. Reddy Committee

16. SDR is the currency of IMF which is in the form of—

(A) Paper currency

(B) Gold

(C) Silver and gold both

(D) Book-keeping entry only

17. Indravati Hydroelectric Project is the multipurpose project of—

(A) Maharashtra State

(B) Gujarat State

(C) Orissa State

(D) Tamil Nadu

18. The nationalisation of the major commercial banks took place in—

(A) 1947

(B) 1956

(C) 1969

(D) 1980

19. What is a ‘limited company’ ?

(A) In which shareholders possess the
ownership limited to their paid up capital

(B) In which shares are issued

(C) A company of Government ownership

(D) A Registered company

20. The headquarters of RBI is in—

(A) Delhi

(B) Kanpur

(C) Mumbai

(D) Nasik

21. I-phone is associated with—

(A) Nokia

(B) Reliance

(C) BSNL

(D) Apple Ink

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

(A) Illiteracy

(B) Polio

(C) Unemployment

(D) AIDS/HIV

23. As per the projections of Food Ministry, food subsidy in India during 2008-09 is likely to touch a record level of about—

(A) Rs. 25,666 crore

(B) Rs. 30,666 crore

(C) Rs. 40,666 crore

(D) Rs. 32,666 crore

24. The government is planning to establish ‘Price Stabilisation Fund’ to check the price fluctuation of a few crops. These crops are—

1. Tea

2. Tobacco

3. Coffee

4. Rubber
Mention the right answer from the following groups—

(A) Only 1 and 3

(B) Only 1, 2 and 3

(C) Only 1, 3 and 4

(D) All 1, 2, 3 and 4

25. Chelliah Committee recommended to tax the agriculture income of non-farmers having income above—

(A) Rs. 15000

(B) Rs. 20000

(C) Rs. 25000

(D) Rs. 50000

26. Which of the following committee is related to infrastructure financing ?

(A) Deepak Parekh Committee

(B) T. Shanker Lingam

(C) T. S. Vijayan

(D) O. P. Garg

27. As per the declaration of RBI made on March 4, 2009, what is true for Reverse Repo Rate ?

(A) Reduced from 5.0% to 4.5%

(B) Reduced from 4.5% to 4.0%

(C) Reduced from 4.0% to 3.5%

(D) Retained at 4.0%

28. Twelfth Finance Commission under Chairmanship of Dr. C. Rangrajan has submitted its final report on—

(A) September 30, 2004

(B) October 30, 2004

(C) November 30, 2004

(D) December 7, 2004

29. With which objective, Kisan Call Centre’s have been established ?

(A) To ensure the supply of fertilizers to farmers on suitable rates

(B) Distribution of HYV seeds

(C) To provide agriculture credit at concessional rates

(D) To provide consultancy service related to agriculture

30. National Stock Exchange has introduced a new share index in place of NSE-100 in April 1996. It is known as—

(A) NSE-200

(B) NSE-50

(C) NSE-20

(D) NSE-15

31. ‘Open market operation’ is a part of—

(A) Income Policy

(B) Fiscal Policy

(C) Credit Policy

(D) Labour Policy

32. The city having highest population in the world is—

(A) New York

(B) Tokyo

(C) Mexico

(D) Paris

33. Which constitutes the maximum share in power generation ?

(A) Thermal Power

(B) Hydro Power

(C) Atomic Power

(D) All the above have equal share

34. World Bank has approved the second tranche to the poverty project of—

(A) Gujarat

(B) Madhya Pradesh

(C) Bihar

(D) Rajasthan

35. National Development Council was constituted in—

(A) 1945

(B) 1948

(C) 1952

(D) 1965

36. Which is a credit rating agency in India ?

(A) CRISIL

(B) CARE

(C) ICRA

(D) All of these

37. CRISIL—

(A) Evaluates the credit documents of a company

(B) Provides financial assistance to industries

(C) Provides finances for rural areas

(D) Promotes exports

38. On the lines of ‘Palace on Wheels’, a new train ‘Deccan Odyssey’ is operated in the State—

(A) Tamil Nadu, Karnataka

(B) Maharashtra, Goa

(C) Karnataka, Kerala

(D) Kerala, Tamil Nadu

39. As per TRAI directions, the country will be divided into……zones for the portability of telephone numbers in mobile services.

(A) 2

(B) 4

(C) 5

(D) 8

40. Nano knowledge city is being established at—

(A) Bangalore

(B) Jaipur

(C) Hyderabad

(D) Chandigarh

41. For transporting petroleum products, 1054 km long pipeline is been made between Mundra and Delhi. This project is being undertaken by—

(A) HPCL

(B) BPCL

(C) Indian Oil

(D) GAIL

42. The period of 11th plan is—

(A) 2005–10

(B) 2006–11

(C) 2007–12

(D) 2008–13

43. Who is the new RBI Governor ?

(A) D. Subbarao

(B) Rakesh Mohan

(C) Arun Ramnathan

(D) Y. B. Reddy

44. Which states have not yet established any RRB ?

(A) Sikkim and Goa

(B) Bihar and Rajasthan

(C) Sikkim and Arunachal Pradesh

(D) Nagaland

45. State Bank of India is entering in general insurance business with collaboration of an insurance company of—

(A) Japan

(B) France

(C) Australia

(D) Korea

46. On the recommendations of Kelkar committee, no new RRB was established
since—

(A) April 1987

(B) April 1988

(C) April 1989

(D) April 1990

47. IRBI—Industrial Reconstruction Bank of India was established in—

(A) 1975

(B) 1985

(C) 1990

(D) 1992

48. Which state government decided to allow contract farming in the state ?

(A) Uttar Pradesh

(B) Madhya Pradesh

(C) Punjab

(D) Rajasthan

49. The headquarters of SIDBI is in—

(A) Lucknow

(B) New Delhi

(C) Mumbai

(D) Bangalore

50. LIC of India was established in—

(A) 1897

(B) 1950

(C) 1956

(D) 1965

Answers :


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

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