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General Knowledge :: Indian Economy

Indian Economy - Section 1
Indian Economy - section-3
Indian Economy - section-4
Indian Economy - Section-5
Indian Economy - section - 2
  1. Fiscal deficit in the Union Budget means

    2. A.

     the difference between current expenditure and current revenue
    B.

     net increase in Union Governments borrowings from the Reserve Bank of India
    C.

     the sum of budgetary deficit and net increase in internal and external borrowings
    D.

     the sum of monetized deficit and budgetary deficit

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  2. How many banks were nationalized in 1969?

    3. A.

     16
    B.

     14
    C.

     15
    D.

     20

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  3. In India, the first bank of limited liability managed by Indians and founded in 1881 was

    4. A.

     Hindustan Commercial Bank
    B.

     Oudh Commercial Bank
    C.

     Punjab National Bank
    D.

     Punjab and Sind Bank

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  4. In India, inflation measured by the

    5. A.

     Wholesale Price Index number
    B.

     Consumers Price Index for urban non-manual workers
    C.

     Consumers Price Index for agricultural workers
    D.

     National Income Deflation

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  5. The annual yield from which of the following Union Government taxes is the highest?

    6. A.

     Custom duties
    B.

     Corporation tax and income tax
    C.

     Inheritance tax, wealth tax, interest tax and gift tax
    D.

     Excise duties

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  6. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

    7. A.

     15 to 20 percent
    B.

     20 to 25 percent
    C.

     25 to 30 percent
    D.

     30 to 35 percent

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  7. Subsidies mean

    8. A.

     payment by government for purchase of goods and services
    B.

     payment made by business enterprises to factors of production
    C.

     payment made by companies to shareholders
    D.

     payment made by the government to business enterprises, without buying any goods and services

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  8. National expenditure includes

    9. A.

     consumption expenditure
    B.

     investment expenditure
    C.

     government expenditure
    D.

     All of the above

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  9. Resurgent India bonds were issued in US dollar, Pound Sterling and

    10. A.

     Japanese Yen
    B.

     Deutsche Mark
    C.

     Euro
    D.

     French Franc

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  10. The apex body for formulating plans and coordinating research work in agriculture and allied fields is

    11. A.

     State Trading Corporation
    B.

     Regional Rural Banks
    C.

     National Bank for Agriculture and Rural Development (NABARD)
    D.

     Indian Council of Agricultural Research

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