GK (Indian Economy)

Description: GK Online Indian Economy Test - General Knowledge Indian Economy Test Preparation and Practice Material for School/College, MBA Entrance, CDS and Other Career Jobs and Competitive Exam Preparation
Number of Questions: 30
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What is ' NIKKEI'?

  1. Share Price Index of Tokyo Share Market

  2. Name of Japanese Central Bank

  3. Japanese name of Country' s Planning Commission

  4. Foreign Exchange Market of Japan


Correct Option: A

13th Finance Commission has been constituted under the Chairmanship of -

  1. Y. S. P. Thorat

  2. Vijai L. Kelkar

  3. T. S. Vijayan

  4. Laxmi Narayan


Correct Option: C

As per the report on State of Forest released on February 13, 2008, what is the percentage coverage of forest area in the total geographical area of the country?

  1. 22·20%

  2. 21·30%

  3. 20·60%

  4. 19·90%


Correct Option: C

Government has notified the hike in Foreign Direct Investment (FDI) limit for Public Sector Undertakings refineries. The new FDI limit is -

  1. 26%

  2. 49%

  3. 51%

  4. 75%


Correct Option: B

Pradhanmantri Bharat Jodo Pariyojna is related to -

  1. Communication

  2. Social Integration

  3. Linking of Rivers

  4. Development of Highways


Correct Option: D

Service Tax revenue collection for 2007- 08, (Budget estimates) was proposed at Rs. 50,200 crore but the revised estimates remained at

  1. Rs. 50,603 crore

  2. Rs. 52,603 crore

  3. Rs. 64,460 crore

  4. Rs. 64,640 crore


Correct Option: A

When was the SAARC established?

  1. On December 8, 1984

  2. On January 1, 1984

  3. On December 8, 1985

  4. On January 1, 1985


Correct Option: C

How many countries were members of the European Economic Community in 2012?

  1. 15

  2. 12

  3. 25

  4. 20


Correct Option: B

SEBI is a -

  1. Statutory body

  2. Advisory body

  3. Constitutional body

  4. Non-statutory body


Correct Option: A

Which of the following countries is not the members of European Union?

  1. Switzerland

  2. Malta

  3. The Czeck Republic

  4. Poland


Correct Option: A

Which Committee recommended abolition of tax rebates under section 88?

  1. Chelliah Committee

  2. Kelkar Committee

  3. Shome Committee

  4. None of the above


Correct Option: B

' Sagarmala' is a name associated with -

  1. A drilling vessel

  2. A project of port development

  3. Oil well in Indian Ocean

  4. None of the above


Correct Option: B

Tarapore Committee submitted its report on Full Convertibility on Rupee in

  1. current account

  2. capital account

  3. both in current as well as in capital account

  4. Special Drawing Rights (SDR)


Correct Option: B

As per the revised estimates for 2006-07 released by CSO, the growth rate for Indian economy has been estimated to be 

  1. 9·0%

  2. 9·2%

  3. 9·4%

  4. 9·6%


Correct Option: D

Aam Admi Bima Yojana provides social security to -

  1. All labours in rural areas

  2. All landless labours living below poverty line in rural areas

  3. All labours in urban areas

  4. All labours in both rural as well as urban areas


Correct Option: B

CENVAT is related to -

  1. Sales Tax

  2. Excise Duty

  3. Custom Duty

  4. Service Tax


Correct Option: B

According to 2001 census urbanrural population ratio is about -

  1. 35 : 65

  2. 32 : 68

  3. 28 : 72

  4. 25 : 75


Correct Option: C

As per the final estimates of Ministry of Agriculture, the rice production for 2006-07 is estimated at -

  1. 80·11 MT

  2. 90·0 MT

  3. 93·4 MT

  4. 101·60 MT


Correct Option: C

Which states ranks first and last respectively in Education Development Index (EDI) prepared to track the progress of states towards providing universal elementary education?

  1. Kerala and Orissa respectively

  2. Kerala and Bihar repectively

  3. Andhra Pradesh and Orissa respectively

  4. Karnataka and Bihar respectively


Correct Option: B

The growth rate of construction sector for the year 2006-07 has been estimated at the level -

  1. 9·2%

  2. 8·5%

  3. 11·0%

  4. 12·0%


Correct Option: D

The new President of FICCI (Federation of Indian Chambers of Commerce and Industry) is -

  1. K. C. Raina

  2. V. P. Shetty

  3. Rajiv Chandrashekhar

  4. Som Mittal


Correct Option: C

Targeted power capacity addition for 11th plan period is -

  1. 41110 MW

  2. 66463 MW

  3. 68963 MW

  4. 86283 MW


Correct Option: B

The Ex-officio Secretary of NDC is -

  1. Secretary of Finance Ministry

  2. General Secretary of Lok Sabha

  3. Secretary of Planning Commission

  4. Vice Chairman of Planning Commission


Correct Option: C

According to 2001 census the state having highest urban population is -

  1. U.P.

  2. Maharashtra

  3. Tamil Nadu

  4. Kerala


Correct Option: B

International Finance Corporation (IFC) has decided to fund an Ultra Mega Power Project in Gujarat. This project belongs to -

  1. Reliance Group

  2. Tata Group

  3. Birla Group

  4. NTPC


Correct Option: B

During 2006-07 which sector has shown the highest growth rate?

  1. Service Sector

  2. Manufacturing Sector

  3. Transport and communication

  4. Agriculture Sector


Correct Option: C

The share of road transport in total transport of the country is -

  1. 20%

  2. 40%

  3. 60%

  4. 80%


Correct Option: D

In National Mineral Policy (1993) which mineral was allowed for having investment from private sector -

  1. Coal

  2. Iron

  3. Gold

  4. Platinum


Correct Option: A

Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States?

  1. 28·5%

  2. 29·5%

  3. 30·5%

  4. 31·5%


Correct Option: C

Which statement(s) is/are correct for the Indian Planning Commission?

  1. It is not defined in Indian Constitution

  2. Members and vice-chairman of it do not have fixed working duration

  3. Members do not require any minimum education

  4. All of the above


Correct Option: D
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