Indian Economy Questions And Answers For Competitive Exams
This Mock Test Is Good To Practice The Questions Of Indian Economy Exam That Are As The Same Pattern Main Exam .Candidates Are Required To Practice Hard To Score Well In The Indian Economy Exam. Therefore, Here Have Provided The Indian Economy Questions And Answers For Competitive Exams In Which Many Questions Available To Help You And Improve Your Skills. These Tests Will Determine Your Current Status And Position. These Will Be Based On New Pattern And Updated Syllabus. The Test Will Be Provided In English And If You Want To Give It In Hindi Then Visit Our Hindi Website.
[su_accordion]1. What Is The Extent Of Change Of The Literacy Rate Envisaged By The End Of The Xth Five Year Plan ? [/su_accordion]
• From 60% To 70%
• From 50% To 55%
• From 65% To 75%
• From 45% To 50%
[su_spoiler title=”Answer”]From 65% To 75%[/su_spoiler][su_accordion]
2. Per Capita Income Is Obtained By Dividing National Income By [/su_accordion]
• Total Population Of The Country
• Total Working Population
• Area Of The Country
• Volume Of Capital Used
[su_spoiler title=”Answer”]Total Population Of The Country[/su_spoiler][su_accordion]
3. Among The Tax Revenues Of The Union Government What Is The Largest Source? [/su_accordion]
• Central Excise
• Corporation Tax
• Customs Duty
• Income Tax
[su_spoiler title=”Answer”]Corporation Tax[/su_spoiler][su_accordion]
4. The Decimal System Of Indian Currency Was Started In [/su_accordion]
• 1950
• 1957
• 1960
• 1955
[su_spoiler title=”Answer”]1957[/su_spoiler][su_accordion]
5. The Symbol Of Reserve Bank Of India Is [/su_accordion]
• Capitol Of Asoka Pillar
• Tiger Before A Palm Tree
• A Dog Sitting In A Defensive State
• Kuber With A Purse Of Money
[su_spoiler title=”Answer”]Tiger Before A Palm Tree[/su_spoiler][su_accordion]
6. Nextzone An Information Technology SEZ Is Being Established At [/su_accordion]
• Bangalore In Karnataka
• Panvel In Maharashtra
• Secunderabad In Andhra Pradesh
• Panki In Uttar Pradesh
[su_spoiler title=”Answer”]Panvel In Maharashtra[/su_spoiler][su_accordion]
7. Which One Of The Following Is Not An Industrial Finance Institution? [/su_accordion]
• SFCs
• NABARD
• ICICI
• UTI
[su_spoiler title=”Answer”] NABARD[/su_spoiler][su_accordion]
8. Who Has Provided The Savings Bank Facility To The Largest Number Of Account Holders In India? [/su_accordion]
• State Bank Of India
• Punjab National Bank
• Allahabad Bank
• Post Office
[su_spoiler title=”Answer”]Post Office[/su_spoiler][su_accordion]
9. Which Indian Private Sector Company Has The Largest Sales Turnover? [/su_accordion]
• Hindustan Lever Ltd.
• ITC Ltd.
• Reliance Industries
• Tata Sons
[su_spoiler title=”Answer”]Reliance Industries[/su_spoiler][su_accordion]
10. Which One Of The Following Is Not Correct ? [/su_accordion]
• Third Five Year Plan1961 -66
• Fourth Five Year Plan1966-71
• Second Five Year Plan1956-61
• First Five Year Plan1951-56
[su_spoiler title=”Answer”]Fourth Five Year Plan1966-71[/su_spoiler][su_accordion]
11. Which Amidst The Following Is A PSU? [/su_accordion]
• ICICI Bank
• Citibank
• Corporation Bank
• Bank Of Rajasthan
[su_spoiler title=”Answer”]Corporation Bank[/su_spoiler][su_accordion]
12. The Commission In India Dealing With Minimum Support Price Procurement Price Etc In Connection With Agricultural Goods Is The [/su_accordion]
• Agricultural Price Commission
• Planning Commission
• Agricultural Costs And Prices Commission
• National Marketing Commission
[su_spoiler title=”Answer”]Planning Commission[/su_spoiler][su_accordion]
13. Which Among The Following Policy Of Life Insurance Company Is Related To Regular Old Age Pension? [/su_accordion]
• Jivan Kishore
• Jivan Chhaya
• Jivan Sanchay
• None Of These
[su_spoiler title=”Answer”]None Of These[/su_spoiler][su_accordion]
14. The Centre For Agricultural Marketing Is Located At [/su_accordion]
• Jaipur
• New Delhi
• Nagpur
• Hyderabad
[su_spoiler title=”Answer”]Jaipur[/su_spoiler][su_accordion]
15. What Has Been The Order Of India’s Imports During The Last Three Years? [/su_accordion]
• US $ 50 Billion
• US $40 Billion
• US $60 Billion
• US $ 30 Billion
[su_spoiler title=”Answer”] US $40 Billion[/su_spoiler][su_accordion]
16. Where Is The Indian Institute Of Foreign Trade Located ? [/su_accordion]
• Hyderabad
• New Delhi
• Mumbai
• Ahmedabad
[su_spoiler title=”Answer”]New Delhi[/su_spoiler][su_accordion]
17. In Centre State Financial Relations In India Gadgil Formula Is Used In [/su_accordion]
• Division Of Tax Revenue
• Formulating The Policy For Fresh Borrowings
• Writing Off States Indebtedness To The Centre
• Allocating Central Plan Assistance Between States
[su_spoiler title=”Answer”]division Of Tax Revenue[/su_spoiler][su_accordion]
18. Under The Minimum Reserve System The Reserve Bank Of India As The Sole Authority Of Note Issue Is Required To Maintain Assets Worth Not Less Than [/su_accordion]
• 200 Crores Of Rupees
• 85 Crores Of Rupees
• 210 Crores Of Rupees
• 115 Crores Of Rupees
[su_spoiler title=”Answer”]200 Crores Of Rupees[/su_spoiler][su_accordion]
19. Which Of The Following PSU’s Has Been Privatised? [/su_accordion]
• NALCO
• HZL
• CMC
• Hotel Corporation Of India
[su_spoiler title=”Answer”] HZL[/su_spoiler][su_accordion]
20. Who Coined The Term Hindu Rate Of Growth For Indian Economy? [/su_accordion]
• A.K. Sen
• Kirit S. Parikh
• Raj Krishna
• Montek Singh Ahluwalia
[su_spoiler title=”Answer”]Raj Krishna[/su_spoiler][su_accordion]
21. The Largest Share Of India’s National Income Originates In The [/su_accordion]
• Secondary Sector
• Tertiary Sector
• Primary Sector
• Any Of The Above
[su_spoiler title=”Answer”]Tertiary Sector[/su_spoiler][su_accordion]
22. Which Plan Gave Emphasis On Removal Of Poverty For The First Time ? [/su_accordion]
• Sixth
• Fifth
• Seventh
• Fourth
[su_spoiler title=”Answer”]Fifth[/su_spoiler][su_accordion]
23. Token Privatisation Or Deficit Privatisation Of Public Sector Units Occur When The Government Sells [/su_accordion]
• 10% Of Shares
• 15 % Of Shares
• 5% Of Shares
• 20% Of Shares
[su_spoiler title=”Answer”]5% Of Shares[/su_spoiler][su_accordion]
24. Reserve Bank Of India Was Nationalised In [/su_accordion]
• 1949
• 1948
• 1947
• 1951
[su_spoiler title=”Answer”]1949[/su_spoiler][su_accordion]
25. Which Amidst The Following Is A PSU ? [/su_accordion]
• Karnataka Bank
• Bank Of Rajasthan
• Bank Of Lndia
• Bank Of Punjab
[su_spoiler title=”Answer”]Bank Of Lndia[/su_spoiler][su_accordion]
26. In Which Sector Of The Indian Economy Is Productivity The Highest [/su_accordion]
• Agriculture
• Manufacturing
• Transport Communication And Commerce
• Other Sectors
[su_spoiler title=”Answer”]Manufacturing[/su_spoiler][su_accordion]
27. Which Amidst The Following Banks Was Converted To A Universal Bank Recently? [/su_accordion]
• Punjab National Bank
• UTI Bank
• ICICI Bank
• IndusIand Bank
[su_spoiler title=”Answer”]ICICI Bank[/su_spoiler][su_accordion]
28. Which Is Not The Objective Of Public Procurement And Distribution System Followed By Indian Government ? [/su_accordion]
• Maintain Price Stability Through Creation Of Buffer Stocks
• Control The Production Of Food Grains
• Protect The Interests Of Both Consumers And Poor Farmers
• Reduce Personal And Regional Inequality In The Distribution
[su_spoiler title=”Answer”]Control The Production Of Food Grains[/su_spoiler][su_accordion]
29. Reserve Bank Of India Keeps Some Securities Against Notes. These Securities Are Always Less In Comparison To [/su_accordion]
• Government Bonds
• Gold
• Gold Foreign Bonds And Government Bonds
• Gold And Foreign Bonds
[su_spoiler title=”Answer”]Gold Foreign Bonds And Government Bonds[/su_spoiler][su_accordion]
30. The Government Of India Made It Obligatory On The Part Of All Commercial Banks That They Should Give Some Cash Amount While Purchasing Government Bonds. What Would You Call This? [/su_accordion]
• Statutory Liquidity Ratio
• Cash Reserve Ratio
• Minimum Reserve Ratio
• Floating Reserve Ratio
[su_spoiler title=”Answer”] Statutory Liquidity Ratio[/su_spoiler][su_accordion]
31. What Are “Open Market Operations”? [/su_accordion]
• Selling Of Gilt-Edged Securities By The Government
• Activities Of SEBI Registered Brokers
• Selling Of Currency By The RBI
• Sale Of Shares By Fll’s
[su_spoiler title=”Answer”]Selling Of Gilt-Edged Securities By The Government[/su_spoiler][su_accordion]
32. Which Among The Following Subjects Is Not An Aim Of The Monetary Policy Of The Reserve Bank Of India ? [/su_accordion]
• Direct Credit With Objective Criteria
• To Control Pressure Of Inflation
• To Ensure Social Justice
• Giving Impetus To Economic Development
[su_spoiler title=”Answer”]To Ensure Social Justice[/su_spoiler][su_accordion]
33. ICI Is The Name Associated With [/su_accordion]
• A MNC Which Manufactures Chemicals
• Indian Cement Industry
• Chamber Of Commerce And Industry
• A Private Sector Bank
[su_spoiler title=”Answer”]a MNC Which Manufactures Chemicals[/su_spoiler][su_accordion]
34. Which Of The Following Mahatma Gandhi Series Of Currency Notes Issued By The RBI Has A Drawing Of The Parliament House Depicted On It? [/su_accordion]
• Rs. 100
• Rs. 50
• Rs. 10
• Rs. 500
[su_spoiler title=”Answer”]Rs. 50[/su_spoiler][su_accordion]
35. To Achieve High Rates Of Growth Of National Output The Economy Has To [/su_accordion]
• Reduce The Rate Of Growth Of Population
• Step Up The Rate Of Savings
• Borrow Foreign Capital
• Increase The Rate Of Investment And Reduce The Capital Output Ratio
[su_spoiler title=”Answer”]increase The Rate Of Investment And Reduce The Capital Output Ratio[/su_spoiler][su_accordion]
36. EXIM Policy 2002-07 Has Set A Target To Achieve A Share In The Global Trade By 2007 At [/su_accordion]
• 2.0 Per Cent
• 1.5 Per Cent
• 1.0 Percent
• 0.5 Per Cent
[su_spoiler title=”Answer”]1.0 Percent[/su_spoiler][su_accordion]
37. Which Amidst The Following Banks Was Recently Converted To A ”Universal Bank” ? [/su_accordion]
• Corporation Bank
• Bank Of Baroda
• Canara Bank
• IDBI Bank
[su_spoiler title=”Answer”]IDBI Bank[/su_spoiler][su_accordion]
38. The Reserve Bank Of India Issues Currency Notes Under [/su_accordion]
• Maximum Fiduciary System
• Minimum Reserve System
• Proportional Reserve System
• Fixed Fiduciary System
[su_spoiler title=”Answer”]minimum Reserve System[/su_spoiler][su_accordion]
39. Fiscal Policy Is Concerned With [/su_accordion]
• Public Revenue
• Public Expenditure And Debt
• Bank Rate Policy
• Both
[su_spoiler title=”Answer”]Both[/su_spoiler][su_accordion]
40. Which Authority Recommends The Principles Governing The Grant Sin Aid Of The Revenues Of The States Out Of The Consolidated Fund Of India? [/su_accordion]
• Public Accounts Committee
• Union Ministry Of Finance
• Finance Commission
• Interstate Council
[su_spoiler title=”Answer”]Finance Commission[/su_spoiler][su_accordion]
41. Chairman Of The Eleventh Finance Commission Was [/su_accordion]
• A.M. Khusro
• Vljay Kelkar
• Deepak Parekh
• Manmohan Singh
[su_spoiler title=”Answer”]A.M. Khusro[/su_spoiler][su_accordion]
42. Currency Notes Of Rs. 2 Denomination And Above Are Liabilities Of [/su_accordion]
• All Of The Above
• Reserve Bank Of India
• Government Of India
• State Bank Of India
[su_spoiler title=”Answer”]Reserve Bank Of India[/su_spoiler][su_accordion]
43. What Is The Purpose Of The India Brand Equity Fund ? [/su_accordion]
• To Promote Inbound Tourism.
• To Organize Trade Fairs
• To Make Made In India A Label Of Quality
• To Provide Venture Capital To IT Sector.
[su_spoiler title=”Answer”]To Make Made In India A Label Of Quality[/su_spoiler][su_accordion]
44. Which Amidst The Following Taxes Collected By The Union Is NOT Mandated To Be Assigned To The States? [/su_accordion]
• Taxes On Railway Fares And Freights
• Taxes On Consignment Of Goods
• Service Tax
• Terminal Taxes On Goods Or Passengers Carried By Railway Sea Or Air
[su_spoiler title=”Answer”]Service Tax[/su_spoiler][su_accordion]
45. The Concept Of Mixed Economy Means [/su_accordion]
• To Have Balanced Development In The Agricultural And Industrial Sector
• Simultaneous Development Of The Rural And Urban Sector
• To Have Equal Distribution Of Wealth Among The Rural And The Urban Poor
• Simultaneous Existence Of The Private And Public Sector
[su_spoiler title=”Answer”]simultaneous Existence Of The Private And Public Sector[/su_spoiler][su_accordion]
46. The Preparation Of National Income Estimates Is The Responsibility Of The [/su_accordion]
• Planning Commission
• National Development Council
• National Sample Survey Organisation
• Central Statistical Organisation
[su_spoiler title=”Answer”]Central Statistical Organisation[/su_spoiler][su_accordion]
47. Which Among The Following Indian State Does Not Transacts Its Business Through Reserve Bank Of India? [/su_accordion]
• Sikkim
• Jammu And Kashmir
• Arunachal Pradesh
• Mizoram
[su_spoiler title=”Answer”]Jammu And Kashmir[/su_spoiler][su_accordion]
48. For Whom Was The First Departmental Life Insurance Started ? [/su_accordion]
• Life Insurance Corporation
• Employees Of Postal Department
• Army
• Civil Officers Of Central Government
[su_spoiler title=”Answer”]Employees Of Postal Department[/su_spoiler][su_accordion]
49. Under Which Act Policy Was The BIFR Established ? [/su_accordion]
• Companies Act
• Sick Industrial Companies Act
• MRTP Act
• Industrial Policy Of 1980
[su_spoiler title=”Answer”]Sick Industrial Companies Act[/su_spoiler][su_accordion]
50. Where Is The Biggest Private Sector Power Project In India Located? [/su_accordion]
• Neyveli In Tamil Nadu
• Rajahmundry In Andhra Pardesh
• Korba In Madhya Pradesh
• Dabhol In Maharashtra
[su_spoiler title=”Answer”]Rajahmundry In Andhra Pardesh[/su_spoiler]
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