GK Economy

Description: GK Online Indian Economy Test - General Knowledge Indian Economy Test Preparation and Practice Material for MBA Entrance, CDS and Other Career Jobs and Competitive Exam Preparation
Number of Questions: 16
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TRIPS-'Trade Related Intellectual Property Rights' and TRIMS-'Trade Related Investment Measures' are associated with

  1. Preston Proposal

  2. Dunkel Proposal

  3. Chelliah Committee

  4. High Powered Expert Committee


Correct Option: B

Which one of the following measures is not adopted by RBI for controlling credit in India?

  1. Cash Deposit Ratio

  2. Capital Adequacy Ratio

  3. Cash Reserve Ratio

  4. Statutory Liquidity Ratio


Correct Option: A

Railway Ticket Upgradation Scheme was introduced by the Indian Railways. It became operative from

  1. April 1, 2005

  2. January 26, 2006

  3. February 28, 2006

  4. April 1, 2006


Correct Option: B

Which city is known as 'Electronic City'?

  1. Gurgaon

  2. Bangalore

  3. Jaipur

  4. Salem (Tamil Nadu)


Correct Option: B

Which of the following is not true for indicating growth trend during the planning era?

  1. Birth rate is falling down

  2. Value added ratio from agriculture sector is declining

  3. Value added ratio from banks and financial institution is rising

  4. Value added ratio from forestry is generally rising


Correct Option: D

The primary capital of 'National Population Fund' is

  1. Rs. 100 crore

  2. Rs. 125 crore

  3. Rs. 150 crore

  4. Rs. 200 crore


Correct Option: A

What is true about Service Tax as proposed in 2008-09 budget?

  1. It is increased from 8% to 10%

  2. It is increased from 8% to 12%

  3. It is increased from 10% to 12%

  4. No change in tax rate


Correct Option: D

The difference between GDP and NDP is

  1. government revenue

  2. net indirect tax (Indirect Tax Subsidy)

  3. consumption of fixed capital

  4. net capital formation


Correct Option: C
Explanation:

Correct answer is (3). 

THe National Seed Policy 2002, was based on the recommendation of the

  1. Kelkar Committee

  2. M.V. Rao Committee

  3. Y.B. Reddy Committee

  4. Prof. Abhijit Sen Committee


Correct Option: B

The target share of Indian trade in the world trade by the end of 2009 was

  1. 1.0%

  2. 1.5%

  3. 2.0%

  4. 2.5%


Correct Option: B

'Backwash Effect' was first introduced by

  1. Gunnar Myrdal

  2. Peter Suderland

  3. Arthur Dunkel

  4. Kindelberger


Correct Option: A

Aam Admi Bima Yojana, launched on October 2, 2007 provides insurance on natural death of

  1. Rs. 30,000

  2. Rs. 50,000

  3. Rs. 75,000

  4. Rs. 1,00,000


Correct Option: A

GCIL—an American company was acquired by

  1. Shriram Group

  2. Reliance Group

  3. Birla Group

  4. Tata Group


Correct Option: D

Asian Development Fund was created by

  1. Asian Development Bank

  2. World Bank

  3. IMF

  4. SAARC


Correct Option: A

Who suggested to establish an ‘Insurance Regulation Authority’?

  1. Dandekar Committee

  2. Malhotra Committee

  3. Khusro Committee

  4. Rangrajan Committee


Correct Option: B
Explanation:

Correct answer is (2). 

Which of the following are the highest export-oriented handicrafts (in terms of value) in the Indian exports?

  1. Gems and ornaments

  2. Leather goods

  3. Brass goods

  4. Ivory goods


Correct Option: A
Explanation:

Correct answer is (1). 

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