Question 1

Directions: Choose the correct option for the given question.

11th National Conference on e-governance was held on 7-8 February, 2008 at

Gurgaon (Haryana)
Chandigarh
Mohali (Punjab)
Panchkula (Haryana)

Answer

Correct Option: D

Question 2

Directions: Choose the correct option for the given question.

Kutir Jyoti scheme is associated with

promoting cottage industry in villages
promoting employment among rural unemployed youth
providing electricity to rural families living below the poverty line
all of these

Answer

Correct Option: C

Question 3

NABARD is a

bank
board
block
department

Answer

Correct Option: A

Question 4

Directions: Choose the correct option for the given question.

Nobel Prize of Economics for the year 2006 was given to

Milton Friedman
Edmund Phelps
Thomas C. Schellings
Finn Kydland

Answer

Correct Option: B

Question 5

Directions: Choose the correct option for the given question.

Narsimham committee was related to

High Education Reforms
Tax Structure Reforms
Banking Structure Reforms
Planning Implementation Reforms

Answer

Correct Option: C

Question 6

Directions: Choose the correct option for the given question.Due to which reason India had to export Gold to Bank of England U.K. in 1991?

India returned U.K. gold
India returned gold taken as loan from U.K.
To meet foreign exchange crisis
For investments in British companies

Answer

Correct Option: C

Question 7

Directions: Choose the correct option for the given question.

Fiscal deficit as a percentage of GDP was 4·0% in 2004-05 which sliped down in 2008-09 (Budget Estimates) to

3.2%
2.8%
2.5%
2.1%

Answer

Correct Option: C

Question 8

Directions: Choose the correct option for the given question.Which tax is collected by Panchayat?

Sales Tax
Custom Duty
Land Revenue
Tax on local fairs

Answer

Correct Option: D

Question 9

Directions: Choose the correct option for the given question.

Lok Sabha on May 14, 2007 passed the Securities Contracts (Regulation) Amendment Bill 2007 to amend the Securities Contracts (Regulation) Act of

1948
1956
1961
1965

Answer

Correct Option: B

Question 10

Directions: Choose the correct option for the given question.

As per the advance estimates of CSO released on February 7, 2008, India's GDP growth for 2007-08 stands at

9.2%
8.7%
8.6%
8.4%

Answer

Correct Option: B

Question 11

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

Rekhi Committee —Simplification of Export and Import
Nanjundappa Committee—Railway fare
Rangrajan Committee—Balance of Payment
Goiporia Committee—Banking Service Improvements

Answer

Correct Option: A

Question 12

Directions: Choose the correct option for the given question.Which is a credit rating agency in India?

CRISIL
CARE
ICRA
All of these

Answer

Correct Option: D

Question 13

Directions: Choose the correct option for the given question.

CSO has projected agriculture growth rate (in its advance estimates) for 2007-08 at

5.9%
3.8%
2.6%
2.0%

Answer

Correct Option: C

Question 14

Directions: Choose the correct option for the given question.

Government has hiked petrol and diesel prices w.e.f. February 15, 2008 mid-night by

Rs. 2 per litre each
Rs. 1 per litre and Rs. 2 per litre respectively
Rs. 2 per litre and Rs. 1 per litre respectively
Rs. 1 per litre and 50 paise per litre respectively.

Answer

Correct Option: C

Question 15

Directions: Choose the correct option for the given question.

Rekhi committee was constituted in 1992 which was associated with

indirect taxes (Excise and Custom duty) regulations
change in banking structure
security scam
none of these

Answer

Correct Option: A

Question 16

Which part of Indian rupee has been allotted in public expenditure for repaying interest on loans in 2008-09 budget proposals?

21 paise
24 paise
25 paise
26 paise

Answer

Correct Option: A

Question 17

Directions: Choose the correct option for the given question.

The basis of determining dearness allowance to employees in India is

National Income
Consumer Price Index
Standard of Living
Per Capita Income

Answer

Correct Option: B

Question 18

Directions: Choose the correct option for the given question.

NABARD was established in

Fourth Plan
Fifth Plan
Sixth Plan
Eighth Plan

Answer

Correct Option: C

Question 19

Directions: Choose the correct option for the given question.What is true for short term capital gain tax as proposed in Union Budget 2008-09?

It is raised from 10% to 12%
It is raised from 12% to 15%
It is raised from 10% to 15%
It is retained at 10%

Answer

Correct Option: C

Question 20

Directions: Choose the correct option for the given question.

The nationalisation of the major commercial banks took place in

1947
1956
1969
1980

Answer

Correct Option: C

Question 21

Directions: Choose the correct option for the given question.

Canfina' is associated with

Canara Bank
SBI
National Housing Bank
Standard Chartered Bank

Answer

Correct Option: A

Question 22

Directions: Choose the correct option for the given question.

Operation Flood programme was introduced in

1951
1970
1975
1985

Answer

Correct Option: B

Question 23

Directions: Choose the correct option for the given question.

Indian Planning Commission was constituted in

1948
1949
1950
1951

Answer

Correct Option: C

Question 24

Directions: Choose the correct option for the given question.

The Headquarter of World Bank is situated at

Manila
Washington D.C.
New York
Geneva

Answer

Correct Option: B

Question 25

Directions: Choose the correct option for the given question.

The Headquarter of Asian Development Bank (ADB) is at

Singapore
Manila
Hong Kong
Tokyo

Answer

Correct Option: B

Description: Indian Economy General Knowledge Practice and Online Preparation Test for Bank PO, SSC, CDS, UPSC and Other Exams
Number of Questions: 25
Created by: Naresh Verma
Tags: Indian Economy Indian Economy GK General Knowledge Bank UPSC Commerce BBA Placement Papers GDP Rapo Rate Economics Finance India Inequalities

Indian Economy

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