Indian Economics Related Top 30 Questions and Answers
1. Committee on decontrolling the prices of petrol and diesel was headed by–
(A) Kelkar Vijai
(B) Kirit S. Parekh
(C) Abhijit Sen
(D) C. Rangrajan
Answer: Kirit S. Parekh
2. NABARD was established on the recommendation of–
(A) Public Account Committee
(B) Shivaraman Committee
(C) Narsimham Committee
(D) None of the above
Answer: Shivaraman Committee
3. Which of the following state has been identified as a perfect banking state ensuring atleast one banking account per family in all the districts of the state?
(A) Haryana
(B) Kerala
(C) Gujarat
(D) Andhra Pradesh
Answer: Kerala
4. ‘The main objective of TRYSEM was–
(A) To train rural youth for self-employment
(B) To train urban youth for self-employment
(C) Both (A) and (B)
(D) None of the above
Answer: To train rural youth for self-employment
5. The process of budget making after re-evaluating every item of expenditure in every financial year is known as–
(A) Performance Budgeting
(B) Deficit Budgeting
(C) Zero Based Budgeting
(D) Fresh Budgeting
Answer: Zero Based Budgeting
6. Project ‘Sankalp’ is associated with the elimination of–
(A) Illiteracy
(B) Polio
(C) Unemployment
(D) AIDS/HIV
Answer: AIDS/HIV
7. Mobile Number Portability Service has been launched nation-wide w.e.f.–
(A) January 19, 2011
(B) January 20, 2011
(C) January 22, 2011
(D) January 25, 2011
Answer: January 20, 2011
8. The headquarters of World Bank is situated at–
(A) Manila
(B) Washington D.C.
(C) New York
(D) Geneva
Answer: Washington D.C.
9. With which objective, Kisan Call Centre’s have been established?
(A) To ensure the supply of fertilizers to farmers on suitable rates
(B) Distribution of HYV seeds
(C) To provide agriculture credit at concessional rates
(D) To provide consultancy service related to agriculture
Answer: To provide consultancy service related to agriculture
10. National Stock Exchange has introduced a new share index in place of NSE-100 in April 1996. It is known as–
(A) NSE-200
(B) NSE-50
(C) NSE-20
(D) NSE-15
Answer: NSE-50
11. Which of the following company has been ranked at the top in Forbes’ list of 2014 ‘Global 2000’ ?
(A) ICBC China
(B) Google USA
(C) Microsoft USA
(D) Oracle USA
Answer: ICBC China
12. Indian government has provided the facility of Visa on Arrival to tourists belonging to five nations. Which one of the following nations is not included in it ?
(A) Japan
(B) England
(C) Singapore
(D) New Zealand
Answer: England
13. Which of the following is not helpful in controlling money supply?
(A) Free Market Policy
(B) CRR
(C) Bank Rate
(D) Change in margin requirement
Answer: Free Market Policy
14. Which of the following state became the first state to intro-duce Public Service Guarantee Act 2010 ?
(A) Madhya Pradesh
(B) Gujarat
(C) Bihar
(D) Haryana
Answer: Madhya Pradesh
15. What is ‘Zero Base Budgeting’ ?
(A) Infinite deficit financing
(B) No curtailment in unproductive expenditure
(C) No appraisal of new programmes
(D) Preparation of new budget every time
Answer: Preparation of new budget every time
16. As per the latest data released by the Union Ministry of Finance, the total foreign debt in India at’ end-December 2013 stood at–
(A) $ 386 billion
(B) $ 403 billion
(C) $ 426 billion
(D) $ 476 billion
Answer: $ 426 billion
17. Under Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP) those urban areas were included which had a population–
(A) Upto 50,000
(B) Between 50,000 and 1 lakh
(C) Between 50,000 to 5lakh
(D) None of the above
Answer: Between 50,000 and 1 lakh
18. National Food Security Ordinance ensures the supply of wheat and rice at–
(A) Rs. 3 and Rs. 2 respectively
(B) Rs. 2 and Rs. 3 respectively
(C) Rs. 2 and Rs. 4 respectively
(D) Rs. 1 and Rs. 2 respectively
Answer: Rs. 2 and Rs. 3 respectively
19. What is ‘Mercosur’ ?
(A) A programme of World Bank for accelerating development work in backward countries
(B) Free Trade Zone of nations of South America
(C) A treaty between Iran and Iraq
(D) A treaty between India and Nepal for trade
Answer: Free Trade Zone of nations of South America
20. The headquarter of OPEC (Organisation of Petroleum Countries) is at–
(A) Viena
(B) Kuwait City
(C) Algeria
(D) Tehran
Answer: Viena
21. Since January 1, 2011 a new country Estonia has joined ‘Euro Zone’. Now the number of countries having Euro as their official currency goes to–
(A) 15
(B) 16
(C) 17
(D) 18
Answer: 18
22. Amochu Hydro Power Project is being set by NTPC in–
(A) Arunachal Pradesh
(B) Sikkim
(C) Bhutan
(D) Nepal
Answer: Bhutan
23. Out of total expenditure as shown in regular budget 2014-15, the maximum share goes to–
(A) Central Plan Outlay
(B) Subsidy Payment
(C) Interest Payment
(D) Defence
Answer: Central Plan Outlay
24. The Euro Zone has increased its membership with the addition of one member as on January 1, 2011. Which is this country ?
(A) Latvia
(B) Lithuania
(C) Estonia
(D) Cyprus
Answer: Estonia
25. ‘New Silk Route’ is a rail route which links China with the European Country–
(A) France
(B) Italy
(C) Germany
(D) None of the above
Answer: Germany
26. In February 2014, Ennore Port in Tamil Nadu was re-named as–
(A) Rajeev Gandhi Port
(B) Kamrajar Port
(C) MG Ram Chandran Port
(D) Indira Gandhi Port
Answer: Kamrajar Port
27. Which of the rate is not determined by Reserve Bank of India?
(A) Bank Rate
(B) CRR
(C) SLR
(D) PLR
Answer: PLR
28. In which country, world’s highest civilian Airport has recently become operational ?
(A) Mexico
(B) China
(C) India
(D) America
Answer: China
29. Delhi-Mumbai Industrial corridor is being established in India with the financial and technical support of–
(A) Russia
(B) South Korea
(C) Japan
(D) Canada
Answer: Japan
30. Nuclear Energy Plant III Kudankulm Tamil Nadu is being set up with the assistance of–
(A) Russia
(B) America
(C) Japan
(D) Germany
Answer: Russia
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