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: Indian Economy Indian Economy GK General Knowledge Bank UPSC Commerce BBA Placement Papers GDP Rapo Rate Economics Finance India General Awareness Agriculture Business GK Mergers & Acquisitions Important Days & Dates
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The announced year for implementing the National Health Insurance Scheme was

  1. 2008-09

  2. 2009-10

  3. 2010-11

  4. 2011-12


Correct Option: A

The minimum support price for paddy after two instalments of bonus announced by the government for common variety and Grade A paddy goes to

  1. Rs. 645 and Rs. 675 per quintal respectively

  2. Rs. 745 and Rs. 775 per quintal respectively

  3. Rs. 695 and Rs. 725 per quintal respectively

  4. Rs. 750 and Rs. 775 per quintal respectively


Correct Option: B

BSE Power Index (Launched on November 10, 2007) includes the shares of

  1. 14 power companies

  2. 15 power companies

  3. 16 power companies

  4. 18 power companies


Correct Option: A

To which service, the government has notified Service Tax Refund Scheme for exporter?

  1. Port service

  2. Railway service

  3. Road service

  4. All the above


Correct Option: D

Which bank has formed farmer's clubs for approaching farmers more easily?

  1. Regional Rural Bank

  2. Punjab National Bank

  3. Allahabad Bank

  4. State Bank of India


Correct Option: D

The contract of Expressway project in Uttar Pradesh has been awarded to

  1. JP Associates

  2. JM Infra

  3. Jointly to (A) and (B)

  4. None of these


Correct Option: A

Government has merged Annapurna Scheme with

  1. Mid Day Meal Scheme

  2. National Old Age Pension Scheme

  3. National Food for Work Programme

  4. Antyodaya Anna Yojana


Correct Option: B

The government has extended Mid Day Meal Scheme, which covers students up to class

  1. 6

  2. 7

  3. 8

  4. 10


Correct Option: C

The government adopted the new funding pattern (Centre State Share) for Sarva Shiksha Abhiyan for the financial year 2007- 08 to be

  1. 50 : 50

  2. 55 : 45

  3. 60 : 40

  4. 65 : 35


Correct Option: D

Which country among the following gets the highest HDI ranking in Human Development Report 2007?

  1. Iceland

  2. USA

  3. United Kingdom

  4. Japan


Correct Option: A

The 27th India International Trade Fair (IITF) 2007 concluded in New Delhi on

  1. November 30, 2007

  2. November 28, 2007

  3. November 27, 2007

  4. November 24, 2007


Correct Option: C

As per the announcement made in Foreign Trade Policy 2007-08, Duty Entitlement Pass Book (DEPB) scheme has been extended up to

  1. December 31, 2007

  2. March 31, 2012

  3. December 31, 2008

  4. March 31, 2009


Correct Option: B

The Planning Commission constituted a high level committee for financial sector reforms in August 2007 under the chairmanship of

  1. Raghuram G. Rajan

  2. Sanjeev Batra

  3. V. S. Awasthi

  4. Deepak Parekh


Correct Option: A

NOAPS has been renamed as Indira Gandhi Old Age Pension Scheme with its extended scope. Now this scheme will include all old age persons

  1. living below poverty line

  2. above 60 years age

  3. above 65 years age

  4. Both (A) and (C)


Correct Option: D

Competition (Amendment) Bill, 2007 is to replace

  1. VAT

  2. MRTPC

  3. Securities Contracts (Regulation) Bill, 2005

  4. Electricity Act, 2003


Correct Option: B

According to the Economic Freedom of the World Report 2007, India's overall ranking on global economic freedom index has improved to --- rank in 2005 from 80th rank in 1990.

  1. 69th

  2. 65th

  3. 60th

  4. 56th


Correct Option: A

Post office funds will now be managed in capital market by

  1. Unit Trust of India Mutual Fund

  2. SBI Mutual Fund

  3. LIC Mutual Fund

  4. Both (A) and (B)


Correct Option: D

' Innovation Lab' has been launched by

  1. Tata Consultancy Services

  2. Infosys Tech

  3. Reliance Industries

  4. Reliance Communications


Correct Option: A

The first Agrifood Summit between India and African Countries was held on March 7 - 8, 2007 in

  1. New Delhi (India)

  2. Santiago (Chile)

  3. Addis Ababa (Ethiopia)

  4. Accra (Ghana)


Correct Option: A

Hutch-Essar has been acquired by

  1. Bharti Airtel

  2. Vodafone

  3. Reliance

  4. Tata Mobile


Correct Option: B

The income tax exemption slab in 2008-09 budget for senior citizens has been raised from

  1. Rs. 1·5 lakh to Rs. 1·75 lakh

  2. Rs. 1·75 lakh to Rs. 1·85 lakh

  3. Rs. 1·95 lakh to Rs. 2·25 lakh

  4. Rs. 1·95 lakh to Rs. 2·10 lakh


Correct Option: C

Government has approved a scheme ' Marketing Support and Services Scheme' with a package of Rs. 317 crore during the 11th plan to support artisans related to

  1. handicrafts

  2. handlooms

  3. leather goods

  4. jems and jewellery


Correct Option: A

As per the latest date available (for the year 2005) infant mortality rate (per thousand live births) in India was

  1. 72

  2. 68

  3. 60

  4. 58


Correct Option: D

The Parliament has finally passed SBI (Amendment) Bill 2007, which will replace the ordinance issued by the government in

  1. April 2007

  2. May 2007

  3. June 2007

  4. July 2007


Correct Option: C

Which country has been honoured at China International Travel Mart 2007, with the Best Participating and Excellent Advertisement Awards?

  1. Singapore

  2. Thailand

  3. India

  4. Nepal


Correct Option: C
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