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G.K. (Economy) - 5

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In which year was the National Stock Exchange established?

  1. 1992

  2. 1993

  3. 1988

  4. 1989


Correct Option: A
Explanation:

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualised electronic exchange in the country.

Which of the following is not a direct tax?

  1. Estate tax

  2. Sales tax

  3. Corporation tax

  4. None of these


Correct Option: B

In which Five Year Plan did the growth rate exceed the target?

  1. Fifth

  2. Third

  3. First

  4. None of these


Correct Option: C
Explanation:

Option (3) is the correct answer. 

A serious effort to tackle the problem of poverty began with the

  1. Second Plan

  2. Fourth Plan

  3. Sixth Plan

  4. Fifth Plan


Correct Option: B

Who among the following benefits the most from inflation?

  1. Creditors

  2. Debtors

  3. Saving Bank Account Holders

  4. None of these


Correct Option: B
Explanation:

Correct answer is (2). 

The best means of saving during inflation is to keep

  1. money in bank

  2. equity

  3. bonds

  4. debentures


Correct Option: A
Explanation:

It is easy to suggest that one may park the funds in equity. In times of inflationary turbulence, there could be greater uncertainty in equity returns, which, in any case, are not sure guarantees. The best way to hedge against inflation is to park funds in saving instruments that offer interest rates in excess of the average rate of inflation. 

The type of unemployment mostly found in India can be characterised as

  1. disguised

  2. cyclical

  3. structural

  4. frictional


Correct Option: A

Which bank gives long term loan to farmers?

  1. Rural Banks

  2. SBI

  3. Land Development Bank

  4. None of these


Correct Option: C

Which of the following is the Banker of the Banks?

  1. IDBI

  2. SBI

  3. RBI

  4. None of these


Correct Option: C

The maximum income level per month of a household to be called below the poverty line in India is?

  1. Rs 800

  2. Rs 500

  3. Rs 350

  4. None of these


Correct Option: B

What is the targeted forest area by the end of tenth Five Year Plan?

  1. 25%

  2. 22%

  3. 20%

  4. None of these


Correct Option: A

The contribution of agriculture to India's economy is?

  1. Constant

  2. Increasing

  3. Decreasing

  4. None of these


Correct Option: C

The oldest stock exchange of India is?

  1. Bangalore Stock Exchange

  2. Bombay Stock Exchange

  3. Hyderabad Stock Exchange

  4. None of these


Correct Option: B

Which of the following is now a punishable offence by a Bank Account holder?

  1. If a cheque drawn by him is dishonored for insufficiency of funds in his account

  2. If a cheque is not crossed

  3. If a post dated cheque is issued

  4. None of these


Correct Option: A

Repo rate is the rate at which

  1. the Reserve Bank of India lends to state of government

  2. the Reserve Bank of India lends to banks

  3. the banks lend to the Reserve Bank of India

  4. none of these


Correct Option: C

Economy survey is published by?

  1. Government of India

  2. Ministry of Finance

  3. Planning Commission

  4. None of these


Correct Option: B

Which of the following is an indirect tax?

  1. Excise duty

  2. Wealth duty

  3. Corporation Tax

  4. None of these


Correct Option: A

SEBI is formed in?

  1. 1992

  2. 1993

  3. 1988

  4. 1989


Correct Option: C

For international payments, the Indian currency is linked to?

  1. British Pound

  2. American Dollar

  3. British Sterling

  4. None of these


Correct Option: B

The system of value added taxation is applicable to?

  1. Tax on agricultural income

  2. Income tax

  3. Excise duties

  4. None of these


Correct Option: C

The Second Five Year Plan laid more stress upon

  1. agriculture

  2. self reliance

  3. industrialisation

  4. none of these


Correct Option: C

The cause of inflation is?

  1. Increase in money supply and fall in production

  2. Decrease in money supply and fall in production

  3. Increase in money supply and increase in production

  4. None of these


Correct Option: A

India has?

  1. Free economy

  2. Mixed economy

  3. Socialistic economy

  4. None of these


Correct Option: B

Over the Counter Exchange is formed in?

  1. 1992

  2. 1993

  3. 1988

  4. 1989


Correct Option: D

Inflation implies?

  1. Rise in prices of consumer goods

  2. Rise in money supply

  3. Rise in general price index

  4. None of these


Correct Option: C
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