Indian Economy

Description: Indian Economy General Knowledge Practice and Online Preparation Test for Bank PO, SSC, CDS, UPSC and Other Exams
Number of Questions: 25
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Tags: Commerce General Knowledge Bank Bank Clerical Bank PO Placement Papers UPSC BBA B.Ed Indian Economy Simple & Compound Interest Number Systems Time and Work Mixtures and Alligation Arithmetic LCM/HCF Time and Distance Percentages
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Directions: Choose the correct option for the given question.

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

  1. 31 March, 1997

  2. 31 March, 1996

  3. 1 April, 1992

  4. 1 April, 1995


Correct Option: A

Directions: Choose the correct option for the given question.

The 15th SAARC Summit was scheduled to be held in July-August 2008. The Summit's venue was changed to

  1. New Delhi

  2. Sri Lanka

  3. Maldives

  4. Bangladesh


Correct Option: B

Directions: Choose the correct option for the given question.

Who among the following was elevated as Joint Chairman–cum–Managing Director of National Aviation Company of India Ltd. (NACIL) in 2008?

  1. S. Sridhar

  2. Viswapati Trivedi

  3. Rajiv Chandrashekhar

  4. Venugopal Dhoot


Correct Option: B

Directions: Choose the correct option for the given question.

Ministry of HRD has announced to hike FDI limit in Education to

  1. 65%

  2. 70%

  3. 75%

  4. 100%


Correct Option: D

Directions: Choose the correct option for the given question.What is true for service tax as per proposals of Union Budget 2008-09?

  1. It has been retained at 12%

  2. It has been enhanced to 13%

  3. It has been reduced to 10%

  4. Four services are excluded from tax sphere


Correct Option: A

Directions: Choose the correct option for the given question.

In basic slabs of Income Tax as proposed in Union Budget 2008-09, the upper limit for the slab having 20% tax now becomes

  1. Rs. 3,00,000

  2. Rs. 4,00,000

  3. Rs. 4,50,000

  4. Rs. 5,00,000


Correct Option: D

Directions: Choose the correct option for the given question.Which committee was constituted for reforms in tax-structure?

  1. Narsimham Committee

  2. Chelliah Committee

  3. Gadgil Committee

  4. Kelkar Committee


Correct Option: B

Directions: Choose the correct option for the given question.

As per the final estimates released by Ministry of Agriculture, the estimated foodgrains production for 2006-07 is

  1. 209.2 million tonnes

  2. 210.6 million tonnes

  3. 216.1 million tonnes

  4. 219.3 million tonnes


Correct Option: D

Directions: Choose the correct option for the given question.

The minimum support price of wheat (per Qt.) for the marketing year 2008-09 was declared to be

  1. Rs. 620

  2. Rs. 650

  3. Rs. 750

  4. Re. 1


Correct Option: D

Directions: Choose the correct option for the given question.Which statement of the following is false (according to literacy data of 2001 census)?

  1. Literacy rate was calculated among people having age 6 years or above

  2. During 1999-2001, the number of literate popula-tion increased

  3. Indian literacy rate was estimated to be 65·38%

  4. Kerala was cent-per cent literate state


Correct Option: D

Directions: Choose the correct option for the given question.Which place India holds in milk production?

  1. Fourth

  2. Third

  3. Second

  4. First


Correct Option: D

Directions: Choose the correct option for the given question.

Population density means

  1. No. of persons living per sq. km.

  2. No. of persons living per kilometre

  3. Ratio of population living below poverty line to total population

  4. No. of persons in a village


Correct Option: A

Directions: Choose the correct option for the given question.Which of the following committee is at present working on 'future trading' effect on retail and wholesale prices of agriculture products?

  1. Tendulkar Committee

  2. Abhijit Sen Committee

  3. Rakesh Mohan Committee

  4. Y. K. Alagh Committee


Correct Option: B

Directions: Choose the correct option for the given question.

Indravati Hydroelectric Project is the multipurpose project of

  1. Maharashtra State

  2. Gujarat State

  3. Orissa State

  4. Tamil Nadu


Correct Option: C

Directions: Choose the correct option for the given question.

Which of the following Committees is related to infrastructure financing?

  1. Deepak Parekh Committee

  2. T. Shanker Lingam

  3. T. S. Vijayan

  4. O. P. Garg


Correct Option: A

Directions: Choose the correct option for the given question.Which states have not yet established any RRB?

  1. Sikkim and Goa

  2. Bihar and Rajasthan

  3. Sikkim and Arunachal Pradesh

  4. Nagaland


Correct Option: A

Directions: Choose the correct option for the given question.

Entry trade policy 2007-08, the target of increasing exports by 2009 is

  1. $125 billion

  2. $150 billion

  3. $160 billion

  4. $200 billion


Correct Option: D

Directions: Choose the correct option for the given question.

Narsimham committee recommended to make banking structure of the country

  1. Two tier

  2. Three tier

  3. Four tier

  4. Five tier


Correct Option: C

Directions: Choose the correct option for the given question.As per NSSO survey on 'Household Consumer Expenditure', an individual in rural India on an average spends about

  1. Rs. 16 per day

  2. Rs. 21 per day

  3. Rs. 29 per day

  4. Rs. 32 per day


Correct Option: B

Directions: Choose the correct option for the given question.

First Indian Train having ISO-9001 certificate runs between

  1. Hazart Nizamuddin-Agra Cantt

  2. Hazart Nizamuddin—Habeebganj (Bhopal)

  3. Delhi—Kolkata

  4. Delhi—Kota


Correct Option: B

Directions: Choose the correct option for the given question.

National Development Council was constituted in

  1. 1945

  2. 1948

  3. 1952

  4. 1965


Correct Option: C

Directions: Choose the correct option for the given question.

Interest Rate Policy is a part of

  1. Fiscal Policy

  2. Industrial Policy

  3. Monetary Policy

  4. None of these


Correct Option: C

Directions: Choose the correct option for the given question.

Increase in net RBI credit for Central Government represents

  1. Budgetary Deficit

  2. Revenue Deficit

  3. Fiscal Deficit

  4. Monetised Deficit


Correct Option: D

Directions: Choose the correct option for the given question.Which panel has been appointed by Finance Ministry to review the service tax issues?

  1. Abhijit Sen Panel

  2. Ahluwaliah Panel

  3. Rastogi Panel

  4. Rangrajan Panel


Correct Option: C

Directions: Choose the correct option for the given question.

RBI was nationalised in

  1. 1959

  2. 1947

  3. 1945

  4. 1949


Correct Option: D
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