Indian Economics Questions and Answers
1. Sampurna Gramin Rojgar Yojana has been launched from–
(A) April l , 2001
(B) Sept. 25, 2001
(C) Sept. 30, 2001
(D) No scheme of such title has yet launched
Answer: Sept. 25, 2001
2. 13th Finance Commission was constituted under the Chairman-ship of–
(A) Y. S. P. Thorat
(B) Vijai L. Kelkar
(C) T. S. Vijayan
(D) Laxmi Narayan
Answer: Vijai L. Kelkar
3. The establishment of IORARC (Indian Ocean Rim Association for Regional Cooperation) was officially declared on–
(A) March 5, 1996
(B) March 5, 1997
(C) April 1, 1997
(D) August 15, 1947
Answer: March 5, 1997
4. Insider Trading is related to–
(A) Share Market
(B) Horse racing
(C) Taxation
(D) Public Expenditure
Answer: Share Market
5. In Union Budget 2014-15 the investment limit under section 80 C of Income Tax Act has been increased from Rs. 1.00 lakh to–
(A) Rs. 1.25 lakh
(B) Rs. 1.50 lakh
(C) Rs. 2.00 lakh
(D) No change
Answer: Rs. 1.50 lakh
6. ‘Focus Product’ and ‘Focus Market’ are the two schemes introduced related to–
(A) Industrial Diversification
(B) Technology Up gradation
(C) Export Promotion
(D) Control of Inflation
Answer: Export Promotion
7. As per Census 2011 data, which of the following State has the lowest literacy in India ?
(A) Bihar
(B) Arunachal Pradesh
(C) Nagaland
(D) Sikkim
Answer: Bihar
8. SEBI has reduced the process duration time limit of ‘Right Issues’ from 109 days to–
(A) 89 days
(B) 72 days
(C) 62 days
(D) 43 days
Answer: 43 days
9. ‘Open market operation’ is a part of–
(A) Income Policy
(B) Fiscal Policy
(C) Credit Policy
(D) Labour Policy
Answer: Credit Policy
10. Government has announced an increase in MSP of Paddy for the Khariff 2014-15 which is–
(A) Rs. 50/ quintal
(B) Rs. 75 / quintal
(C) Rs. 100 / quintal
(D) No increase
Answer: Rs. 50/ quintal
11. ‘Food for Work Programme’ was renamed as–
(A) RLEGP
(B) IRDP
(C) NREP
(D) MNP
Answer: NREP
12. The share of interest payment in an Indian rupee in Union Budget 2014-15 has been placed at–
(A) 19 paise
(B) 20 paise
(C) 21 paise
(D) 22 paise
Answer: 20 paise
13. The revenue of custom duty goes to–
(A) Only to State
(B) Only to Centre
(C) Both (A) and (B)
(D) RBI
Answer: Only to Center
14. Loans provided by banks to farmers small traders come under the category of–
(A) Commercial Loans
(B) Priority Sector Lending
(C) Non-profitable loan
(D) Zero interest loan
Answer: Priority Sector Lending
15. According to the latest Global Financial Centers Index, in the list of world’s leading financial centers, Mumbai has been placed at–
(A) 58th
(B) 60th
(C) 64th
(D) 66th
Answer: 66th
16. Which agency/organisation is not related to U.N.O. ?
(A) Universal Postal Union (UPU)
(B) International Finance Corporation (IFC)
(C) World Meteorological Organisation (WMO)
(D) International Confederation of Free Trade Union (ICFTU)
Answer: International Confederation of Free Trade Union (ICFTU)
17. Which of the following is the highest export-oriented handicrafts (in value terms) in Indian exports?
(A) Gem and ornaments
(B) Leather goods
(C) Brass goods
(D) Ivory goods
Answer: Gem and ornaments
18. Which of the following markets are independently regulated by Forward Market Commissions?
(A) Mutual Funds
(B) Commodity Exchanges
(C) Stock Market
(D) Foreign Exchange Markets
Answer: Commodity Exchanges
19. To which agency banks should consult to verify whether the property to be mortgaged is free from all encumbrances?
(A) Company Law Board
(B) Registrar of Companies
(C) RBI
(D) Central Electronic Registry
Answer: Central Electronic Registry
20. Which institution provides long run finance to industries?
(A) UTI
(B) LIC
(C) GIC
(D) All of these
Answer: All of these
21. Which Indian city has the highest population ?
(A) Kolkata
(B) Mumbai
(C) New Delhi
(D) Chennai
Answer: Mumbai
22. In which state, Punjab National Bank has installed the first Bio metric ATM?
(A) Rajasthan
(B) Delhi
(C) Haryana
(D) Uttar Pradesh
Answer: Uttar Pradesh
23. Which neighbor country has objections on Indian Baglihar Hydroelectric Project?
(A) Nepal
(B) Bhutan
(C) Bangladesh
(D) Pakistan
Answer: Pakistan
24. Indian Planning Commission was constituted in–
(A) 1948
(B) 1949
(C) 1950
(D) 1951
Answer: 1950
25. Government has extended Mid-Day Meal Scheme to cover the students upto class–
(A) 6th
(B) 7th
(C) 8th
(D) 10th
Answer: 8th
26. Videsh Sanchar Nigam Ltd. has been renamed as–
(A) Reliance Sanchar Nigam Ltd.
(B) Tata Sanchar Nigam Ltd.
(C) Tata Communication Ltd.
(D) Bharti Communication Ltd.
Answer: Tata Communication Ltd.
27. Total Fertility Rate (TFR) per woman for the year 2012 has been estimated at–
(A) 2.6
(B) 2.7
(C) 2.8
(D) 2.4
Answer: 2.4
28. Which city has recently claimed the best city in the world title?
(A) London
(B) Washington D.C.
(C) Tokyo
(D) Chicago
Answer: London
29. The first woman chief of the State Bank of India is–
(A) Naina Lal Kidwai
(B) Arundhati Bhattacharya
(C) Shikha Sharma
(D) Shyamala Gopinath
Answer: Arundhati Bhattacharya
30. Who is the Chairman of 7th Pay Commission recently appointed by the government?
(A) Ashok Kumar Mathur
(B) Ashok Chawla
(C) Rohit Nandan
(D) Kaushik Basu
Answer: Ashok Kumar Mathur
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