Banking Awareness - Indian Economy
Exam Duration: 45 Mins Total Questions : 30
In which state of India, Amul Dairy is situated?
- (a)
Rajasthan
- (b)
Gujarat
- (c)
Karanataka
- (d)
Bihar
Government has set schools in each district called
- (a)
Army Schools
- (b)
Navodaya Vidyalaya
- (c)
Sainika School
- (d)
Missionary School
Chronic hunger refers to:
- (a)
Low income
- (b)
Inadequate quantity of food
- (c)
Inadequate quality of food
- (d)
All the above
Natural products are changed into other form through ways of manufacturing
- (a)
Primary sector
- (b)
Secondary sector
- (c)
Tertiary sector
- (d)
All of the above
Which of the following factors helped the process of globalisation?
- (a)
MNCs
- (b)
Foreign investment
- (c)
Technology
- (d)
All of these
In a self-help group who takes most of the decisions regarding savings and loan activities?
- (a)
Bank
- (b)
Non - governmental Organisations
- (c)
Member's of the SHGs
- (d)
Governmental financial institution
Development of a country can generally be determined by
- (a)
its per capita income
- (b)
its average literacy level
- (c)
health status of its people
- (d)
all the above
The difference between the export and import of a country is known as
- (a)
Balance of trade
- (b)
External trade
- (c)
Internal trade
- (d)
National income
The price that is announced before the sowing season is called:
- (a)
Issue price
- (b)
Fair price
- (c)
Market price
- (d)
Minimum support price
In the last 20 years, globalisation has seen rapid movement's in
- (a)
Goods, Services and investments between countries.
- (b)
Goods, Services and people between countries.
- (c)
Goods, investment and people between countries.
- (d)
Goods, technology and cheap labour between countries
Which industry suffered the most during colonial period
- (a)
Jute
- (b)
Textile
- (c)
Indigo
- (d)
All of the above
In Inda, public sector is most dominant in
- (a)
Steel production
- (b)
Transport
- (c)
Organised financial institutions
- (d)
Banking
What will happen if the government decides to put on a tax on the import of furniture from Germany?
- (a)
Those wishing to import the furniture would have to pay tax on this
- (b)
Buyers will have to pay higher price on imported furniture
- (c)
The imported furniture will no longer be cheap in Indian markets and thus their import will reduce.
- (d)
All of these
When people are not able to find jobs during some months of the year, then this situation is referred to as
- (a)
Seasonal unemployment
- (b)
Disguised unemployment
- (c)
Urban unemployment
- (d)
Unemployment
Investment made by MNCs is called
- (a)
Mutual investment
- (b)
Inter - government investment
- (c)
Portfolio Investment
- (d)
foreign Investment
What does WTO promote?
- (a)
Financial support
- (b)
Unilateral trade
- (c)
Global peace
- (d)
Multilateral tade
Match the following:
List I | List II |
(a). Ford Motors | 1. Call Centres |
(b). IT helped in spreading of production of service | 2. Pharmaceutical Company |
(c). Ranbaxy | 3. Mahindra and Mahindra |
(d). Foreign Investment | 4. Investment made by MNCs |
- (a)
A B C D 3 1 2 4 - (b)
A B C D 1 4 3 2 - (c)
A B C D 1 2 3 4 - (d)
A B C D 1 3 4 2
Underemployment occurs when people
- (a)
do not want to work
- (b)
are working in a lazy manner
- (c)
are working less than what they are capable of doing
- (d)
are not paid for their work
In the year 2000 which of the following programmes was launched?
- (a)
APS
- (b)
NREGA
- (c)
PDS
- (d)
PMGY
Organisation which sets International food standards
- (a)
Consumer International
- (b)
Codex Alimentarius Commission
- (c)
ISo
- (d)
COPRA
What does'ISI' and 'Agmark' logos symbloise?
- (a)
Durability
- (b)
Quality of the product
- (c)
Fair price
- (d)
All of these
Liberalization does not include
- (a)
Removing trade barriers
- (b)
Liberal policies
- (c)
Introducing quota system
- (d)
Disinvestment
Manufacturer should not use aggressive selling techniques to sell a particular product without giving the consumer a chance to select from alternative products available, which right is mentioned here?
- (a)
Right to safety
- (b)
Right to choose
- (c)
Right to heard
- (d)
Right to be informed
Formal sources of credit do not include:
- (a)
Banks
- (b)
Co - operatives
- (c)
Employers
- (d)
LIC
In the past 100 years, there has been a further shift from secondary to in developed countries
- (a)
Primary sector
- (b)
Organised sector
- (c)
Tertiary sector
- (d)
Unorganised sector
The larger section of the Indian society engaged in economic activities of primary sector. The primary sector refers to
- (a)
Production of goods and services by exploiting natural resources
- (b)
Natural products from agriculture and related sectors
- (c)
Forms the basis for all other products that are subsequently made
- (d)
all of these
The use/consumption of chemical fertilizer is highest in which of the states of the country?
- (a)
Haryana
- (b)
Uttar Pradesh
- (c)
Maharashtra
- (d)
Punjab
The organisation which sets standards of products at the International level
- (a)
ISO
- (b)
COPRA
- (c)
Agmark
- (d)
BIS
Suppose you buy an edible oil. Which logo or mark you will have to look for?
- (a)
Hallmark
- (b)
ISI
- (c)
Agmark
- (d)
none of these
Globalisation has led to improvement in living conditions
- (a)
of all the people
- (b)
of people in the developed countries
- (c)
of workers in the developing countries
- (d)
none of the above