General Awareness : Indian Economy Quiz
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This quiz is about Indian economy created on Aug-19-2011
- 1.The central banking functions in India are performed by the
- Central Bank of India
- Reserve Bank of India
- State Bank of India
- Punjab National Bank
- A.
I, II
- B.
II
- C.
I
- D.
II, III
- 2.Development expenditure of the Central government does not include
- A.
Defence expenditure
- B.
Expenditure on economic services
- C.
Expenditure on social and community services
- D.
Grant to states
- 3.ICICI is the name of a
- A.
Chemical industry
- B.
Bureau
- C.
Corporation
- D.
Financial institution
- 4.Gilt-edged market means
- A.
Bullion market
- B.
Market of government securities
- C.
Market of guns
- D.
Market of pure metals
- 5.In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
- A.
Chemicals other than fertilizers
- B.
Services sector
- C.
Food processing
- D.
Telecommunication
- 6.Devaluation of a currency means
- A.
Reduction in the value of a currency vis-a-vis major internationally traded currencies
- B.
Permitting the currency to seek its worth in the international market
- C.
Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
- D.
Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
- 7.In the second nationalization of commercial banks, ___ banks were nationalized.
- A.
4
- B.
5
- C.
6
- D.
8
- 8.Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
- interest payments
- subsidies
- defence
- irrigation
- A.
I, II
- B.
I
- C.
I, II, III
- D.
II, III, IV
- 9.Depreciation means
- A.
Closure of a plant due to lock out
- B.
Closure of a plant due to labour trouble
- C.
Loss of equipment over time due to wear and tear
- D.
Destruction of a plant in a fire accident
- 10.Deficit financing leads to inflation in general, but it can be checked if
- A.
Government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
- B.
Only aggregate demand is increased
- C.
All the expenditure is denoted national debt payment only
- D.
All of the above
- 11.If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
- A.
Will decrease
- B.
Will increase
- C.
Will neither increase nor decrease
- D.
None of the above
- 12.India changed over to the decimal system of coinage in
- A.
April 1995
- B.
April 1957
- C.
April 1958
- D.
April 1959
- 13.The association of the rupee with pound sterling as the intervention currency was broken in
- A.
1990
- B.
1991
- C.
1992
- D.
1993
- 14.On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
- A.
Marginal benefit received
- B.
Total benefit received
- C.
Average benefit received
- D.
Ability to pay for the benefit
- 15.One of the reasons for India's occupational structure remaining more or less the same over the years has been that
- A.
Investment pattern has been directed towards capital intensive industries
- B.
Productivity in agriculture has been high enough to induce people to stay with agriculture
- C.
Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
- D.
People are largely unaware of the significance of transition from agriculture to industry for economic development
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