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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Directions: Choose the correct option for the given question: Gross Budgetary Support (GBS) for 2008–09 as per document of 11th plan stands at Rs. 2,28,725 crore but in budget proposals for 2008–09 it has been raised to...........

  1. Rs. 2,23,386 crore

  2. Rs. 2,43,386 crore

  3. Rs. 2,63,386 crore

  4. Rs. 28,456 crore


Correct Option: B

Directions: Choose the correct option for the given question: Which of the following is a direct tax?

  1. Sales Tax

  2. Excise Duty

  3. Custom Duty

  4. None of these


Correct Option: D

Directions: Choose the correct option for the given question: Which bank in India performs duties of Central Bank?

  1. Central Bank of India

  2. State Bank of India

  3. Reserve Bank of India

  4. Above (A) and (B)


Correct Option: C

Directions: Choose the correct option for the given question: NABARD was established on the recommendation of...........

  1. Public Account Committee

  2. Shivaraman Committee

  3. Narsimham Committee

  4. None of these


Correct Option: B

Directions: Choose the correct option for the given question: Which pair is not correct?

  1. I Plan (1951–56)

  2. III Plan (1966–71)

  3. VI Plan (1980–85)

  4. X Plan (2002-2007)


Correct Option: B

Directions: Choose the correct option for the given question: ‘Closed Economy’ is that economy in which.............

  1. Only export takes place

  2. Money supply is fully controlled

  3. Deficit financing takes place

  4. Neither export nor import takes place


Correct Option: D

Directions: Choose the correct option for the given question: CSO has shifted the base year for national income estimates..............

  1. From 1990-91 to 1999-2000

  2. From 1993-94 to 1999-2000

  3. From 1990-91 to 2000-01

  4. From 1993-94 to 2000-01


Correct Option: B

Directions: Choose the correct option for the given question: The main security guard of International Trade is.......

  1. IMF

  2. World Bank

  3. WTO

  4. IFC


Correct Option: C

Directions: Choose the correct option for the given question: Presently (from April 29, 2003) bank rate in India is.............

  1. 7·0%

  2. 6·75%

  3. 6.25%

  4. 6·0%


Correct Option: D

Directions: Choose the correct option for the given question: According to 2001 census, during 1991–2001 the highest population growth rate was found in............

  1. Madhya Pradesh

  2. Manipur

  3. Rajasthan

  4. Nagaland


Correct Option: D

Directions: Choose the correct option for the given question: Which pair is not correct?

  1. EXIM Bank—Financing for export-import

  2. RBI—Banker’s bank

  3. IDBI—Industrial finance

  4. FCI—Financial assistance to commercial institutions


Correct Option: D

Directions: Choose the correct option for the given question: What is ‘Stagflation’?

  1. Inflation with growth

  2. Deflation with growth

  3. Inflation after deflations

  4. Inflation with depression


Correct Option: D

Directions: Choose the correct option for the given question: The First ‘Garib Rath’ has been flagged off between.....................

  1. Delhi—Patna

  2. Delhi—Chennai

  3. Delhi—Mumbai

  4. Amritsar—Saharsa


Correct Option: D

Directions: Choose the correct option for the given question: The first fully literate district outside the Kerala State is.............

  1. Wardhaman (West Bengal)

  2. Chingelpattu (Tamil Nadu)

  3. Nasik (Maharashtra)

  4. Merkata (Karnataka)


Correct Option: A

Directions: Choose the correct option for the given question: Insurance Regulatory and Development Authority (IRDA) has constituted a committee for studying various aspects related to health insurance of senior citizen under the chairmanship of..........

  1. R. Chidambaram

  2. V. Kishore Singh Deo

  3. K. S. Shastri

  4. Abhijit Sen


Correct Option: C

Directions: Choose the correct option for the given question: In Rail Budget 2008–09 concession for senior citizen women has been hiked from existing 30% to................

  1. 40%

  2. 50%

  3. 60%

  4. No alteration


Correct Option: B

Directions: Choose the correct option for the given question: On the recommendation of Jankiraman Committee, a committee was constituted for improving transaction method of public sector bonds and mutual funds. This committee was...........

  1. Nadkarni committee

  2. Nayak committee

  3. Goiporia committee

  4. Tikku committee


Correct Option: A

Directions: Choose the correct option for the given question: Oil Refinery at Bhatinda is being established by............

  1. IOC

  2. HPCL

  3. Reliance

  4. BPCL


Correct Option: B

Directions: Choose the correct option for the given question: Per capita income at factor cost at constant prices for 2006-07 (Revised Estimates) stands at...........

  1. Rs. 18263

  2. Rs. 19297

  3. Rs. 20858

  4. Rs. 22553


Correct Option: D

Directions: Choose the correct option for the given question: ‘Open market operation’ is a part of............

  1. Income Policy

  2. Fiscal Policy

  3. Credit Policy

  4. Labour Policy


Correct Option: C

Directions: Choose the correct option for the given question: The headquarter of SIDBI is in..............

  1. Lucknow

  2. New Delhi

  3. Mumbai

  4. Bangalore


Correct Option: A

Directions: Choose the correct option for the given question: 20 rupee and above value notes are printed in................

  1. Currency Note Press, Nasik Road

  2. Bank Note Press, Dewas

  3. Security Printing Press, Hyderabad

  4. All of these


Correct Option: B

Directions: Choose the correct option for the given question: When did the start SJSRY scheme?

  1. December 31, 1999

  2. December 1, 1996

  3. December 1, 1997

  4. December 1, 1999


Correct Option: C

Directions: Choose the correct option for the given question: The latest ‘Navratna’ status has been granted to...........

  1. NMDC

  2. Power Finance Corporation

  3. MTNL

  4. BEL


Correct Option: A

Directions: Choose the correct option for the given question: Which rank India attains in tobacco production in the world?

  1. First

  2. Second

  3. Sixth

  4. Fourth


Correct Option: C
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