Indian Economics Questions and Answers
1. The Oil Refinery established at Panipat belongs to–
(A) Public Sector
(B) Private Sector
(C) Joint Sector
(D) Cooperative Sector
Answer: Public Sector
2. Agriculture Ministry in its Fourth advance estimates for the year 2013-14 has estimated total foodgrain production at–
(A) 264.77 million tonne
(B) 258.32 million tonne
(C) 257.13 million tonne
(D) 250.14 million tonne
Answer: 264.77 million tonne
3. Indian State having the lowest Infant Mortality Rate is–
(A) Maharashtra
(B) Goa
(C) Gujarat
(D) Kerala
Answer: Kerala
4. ‘Smart Money’ is a term used for–
(A) Internet Banking
(B) Credit Card
(C) Cash with Bank
(D) Cash with Public
Answer: Credit Card
5. The objective of ‘Sangam Yojana’is–
(A) To make Ganga water pollution free
(B) To make Sangam region of Allahabad more attractive for tourists
(C) To ensure welfare of handicapped
(D) To unite various groups of Hindus
Answer: To ensure welfare of handicapped
6. RBI decided to withdraw currency notes from the circulation which were released prior to the year–
(A) 2003
(B) 2004
(C) 2005
(D) 2006
Answer: 2005
7. National Rural Development Institute is situated at–
(A) Shimla
(B) Hyderabad
(C) Patna
(D) New Delhi
Answer: Hyderabad
8. Which of the following is not a ‘Maharatna’ status having company?
(A) Coal India Ltd.
(B) SAIL
(C) ONGC
(D) BHEL
Answer: BHEL
9. What is MCX-SX ?
(A) A new bank III private sector
(B) Depository
(C) Third on-line trading share market in India
(D) On-line trading market dealing only in gold
Answer: Third on-line trading share market in India
10. Which of the following year has been declared as ‘Water Conservation Year’ in India ?
(A) 2012
(B) 2013
(C) 2014
(D) 2015
Answer: 2013
11. In which state ‘Kanya Vidya– dhan Yojana’ is operational?
(A) Uttar Pradesh
(B) Madhya Pradesh
(C) Rajasthan
(D) Haryana
Answer: Uttar Pradesh
12. Government in November 2011 decided to raise the authorised capital of EXIM Bank from the existing level of Rs. 2000 crore to–
(A) Rs. 3,000 crore
(B) Rs. 5,000 crore
(C) Rs. 10,000 crore
(D) Rs. 12,500 crore
Answer: Rs. 10,000 crore
13. SEBI has exempted the people of a State for mentioning PAN (Permanent Account Number) while trading mutual funds. This State is–
(A) Sikkim
(B) Arunachal Pradesh
(C) Nagaland
(D) Jammu & Kashmir
Answer: Sikkim
14. What is true for MSF in RBI’s Monetary Policy Review on June 3, 2014 ?
(A) Unchanged at 9%
(B) Raised to 9%
(C) Curtailed to 9%
(D) None of the above
Answer: Unchanged at 9%
15. National Rural Livelihood Mission is a new scheme, started in June 2011. It was initiated from the city–
(A) Banswada
(B) Nilokheri
(C) Jaitapur
(D) Kottayam
Answer: Banswada
16. Which sector contributes the highest share in Gross Domestic Savings?
(A) Domestic Sector
(B) Public Sector
(C) Government Sector
(D) Private Corporate Sector
Answer: Domestic Sector
17. What is OPEC?
(A) The latest space shuttle of USA
(B) The latest space drive of Russia
(C) Organisation of oil producing companies of India
(D) Organisation of oil exporting countries
Answer: The latest space drive of Russia
18. In which state/country Kishan-gang Hydro Electric project is situated?
(A) Himachal Pradesh
(B) Punjab
(C) Jammu and Kashmir
(D) Nepal
Answer: Jammu and Kashmir
19. What was the target set by the Ministry of Commerce for India’s merchandise exports for the year 2013-14 ?
(A) $ 300 billion
(B) $ 325 billion
(C) $ 350 billion
(D) $ 400 billion
Answer: $ 325 billion
20. Who was the Chairman of the expert committee which suggested a formula on ‘Consumption Expenditure’ for identifying BPL families?
(A) Abhijit Sen
(B) Suresh Tendulkar
(C) C. Rangrajan
(D) Mihir Shah
Answer: Suresh Tendulkar
21. What is ‘Dow Jones’ ?
(A) Share market index of New York exchange market
(B) Gold price Index of World Gold Council
(C) Share market index of Mumbai Stock Exchange
(D) None of the above
Answer: Share market index of New York exchange market
22. In which stock exchange, ‘currency futures’ trading was first started?
(A) BSE
(B) NSE
(C) MCX-SX
(D) All the above had the trading simultaneously
Answer: NSE
23. Which of the following committee is associated with the Review of Insider Trading Regulations?
(A) Sodhi Committee
(B) Sinha Committee
(C) Tarapore Committee
(D) Chandrashekhar Committee
Answer: Sodhi Committee
24. Which of the following terms is not the terminology of the stock markets?
(A) Stock lot
(B) Rights issue
(C) Red herring prospectus
(D) KYC norms
Answer: KYC norms
25. ‘Innovation Lab’ has been launched by–
(A) Tata Consultancy Services
(B) Infosys Tech
(C) Reliance Industries
(D) Anil’s Reliance Communications
Answer: Tata Consultancy Services
26. How many economists shared the Nobel Prize in Economics 2013 ?
(A) Only one got it
(B) Two
(C) Three
(D) Four
Answer: Three
27. The equity of Reserve Bank of India in National Housing Bank is–
(A) 49%
(B) 51%
(C) 71%
(D) 100%
Answer: 100%
28. Which of the following nation has been the biggest trade partner during the first nine months of 2013-14 ?
(A) U.S.A.
(B) U.A.E.
(C) China
(D) Iran
Answer: China
29. What is meant by ‘White Lebel ATM’ ?
(A) ATM installed in Bank branches
(B) ATM installed outside bank branches
(C) ATM installed by non-banking companies
(D) Swipe machines installed at point of sale
Answer: ATM installed by non-banking companies
30. ‘Learn and Earn’ Scheme of talent training has been launched by the union government for the youth belonging to–
(A) Scheduled Caste
(B) Scheduled Tribes
(C) Minorities
(D) Muslim Lady Youths
Answer: Minorities
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