Indian Economy
Exam Duration: 45 Mins Total Questions : 30
Consider the following statements
1. Cochin Shipyard is the largest shipyard in the country.
2. Garden Reach Shipbuilders & Engineers Limited (GRSE) is a Mini-Ratna company.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following revised targets of the capacity addition of power generation from all sources was set in theMid Term Appraisal (MTA) of the Eleventh Plan from 78700 MW?
- (a)
About 72000 MW
- (b)
About 70000 MW
- (c)
About 62000 MW
- (d)
About 52000 MW
Consider the following statements
1. Rajiv Gandhi Grameen Vidyutikaran Yojana which gives free electricity connections to the below poverty line households is implemented by power Grid Corporation of India.
2. The Integrated Rural Energy Programme aims to meet the energy needs of cluster of villages through a blend of conventional and blend of conventional and non-conventional sources of energy.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
- (a)
Third FiveYear Plan
- (b)
Fifth Five Year Plan
- (c)
Sixth Five Year Plan
- (d)
Eight Five Year Plan
Which one of the following agencies assigns the Agricultural Income Tax to states in India?
- (a)
Inter-State Council
- (b)
National Development Council
- (c)
Agriculture Finance Corporation
- (d)
Finance Commission
Swaroop Committee is associated with
- (a)
financial products marketing
- (b)
sugar marketing
- (c)
banking
- (d)
capital marketing
Consider the following Insurance Companies
1. National Insurance Company Limited
2. New India Assurance Company Limited
3. United India Insurance Company Limited
4. Oriental Insurance Company Limited
Which of the Insurance Companies given above participated in the formation of 'Agriculture Insurance Company of India Limited (AICIL)'?
- (a)
1, 2, 3 and 4
- (b)
1, 2 and 3
- (c)
2, 3 and 4
- (d)
3 and 4
With reference to the public sector undertaking in India. Consider the following statements
1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
1 and 2
- (c)
2 and 3
- (d)
Only 3
Which one of the following is not correctly matched?
- (a)
Hindalco industries : Novelis
- (b)
Tata Steel : Chorus Group
- (c)
Jet Airways : Air Sahara
- (d)
Kingfisher Airlines : MDR Airlines
Match List I with List II and select the correct answer using the codes given below the list
List I | List II |
1. BMW AG | USA |
2. Daimlr AG | Sweden |
3. Renault SA | France |
4. Volkswagen AG | Germany |
Which of the pairs given above is/are correctly matched?
- (a)
1,2 and 3
- (b)
3 and 4
- (c)
Only 4
- (d)
1,2 and 4
Consider the following statements
1.Public Sector also in the telecom, insurance and commercial banking.
2.All industries of public sector are profit oriented.
3.Jobs secured in the public sector industries.
Which of the statements given above is/are correct?
- (a)
1, 2 and 3
- (b)
1 and 3
- (c)
2 and 3
- (d)
Only 2
Consider the following sectors
1. Animal husbandry
2. Dairy
3. Handlooms
4. Wasteland development
5. Social forestry
6. Sericulture
Which of the sectors given above are included in the skill development under Support to Training and Employment Programme (STEP) for Women Scheme?
- (a)
1, 2, 4, 5, and 6
- (b)
1, 3, 5 and 6
- (c)
1, 4, 5 and 6
- (d)
All of the above
Consider the following statements
1. Central Social Welfare Board was set-up in 1953.
2. Central Social Welfare Board has the objective of promoting social welfare activities and implementing welfare programmes for women, children and handicapped through voluntary organisation.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following laws/curves stated that the lower the unemployment in an economy, the higher the rate of inflation?
- (a)
Gini's Curve
- (b)
Verdoom's law
- (c)
Gibrat's law
- (d)
Philip's curve
What is the 'Roshni' project?
- (a)
Project for protection of health of girls
- (b)
Project for providing solar lamps in rural areas
- (c)
Project for rural electrification
- (d)
Project for the residents of president's estate to live in harmony with nature
Consider the following statements
1. Shiksha Karmi Project aims at universalisation and qualitative improvement of primary education, especially for girls.
2. Shiksha Karmi project is implemented in remote, arid and socio-economically backwards villages of Rajasthan.
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which of the following ministry has launched integrated Waste land Development Programme (IWDP)?
- (a)
Ministry of Rural Development
- (b)
Ministry of Agriculture
- (c)
Ministry of Chemical and Fertilizers
- (d)
Ministry of Health and Family Welfare
Which one of the following unemployment is also known occurs at the time period between jobs when a worker is searching for transitioning from one job to another?
- (a)
Seasonal Unemployment
- (b)
Frictional Unemployment
- (c)
Classical Unemployment
- (d)
None of the above
When was Integrated Child Development Services (ICDS) started in India?
- (a)
1970
- (b)
1975
- (c)
1985
- (d)
1995
Who among the following served as the chief Economist of the international Monetary Fund?
- (a)
Ashok Lahiri
- (b)
Sumantra Ghoshal
- (c)
Sumithra Chaundhri
- (d)
Raghuram Rajan
Which one among the following is the precious metal (Gold) or other approved securities that a commercial bank must maintain as reserves other than the cash with RBI?
- (a)
Cash Reserve Requirement
- (b)
Statutory Liquidity Requirement
- (c)
Forward Fund
- (d)
Reserve Money
Consider the following statements
1. In India, the minimum denomination coin acceptable for a transaction is 50 paise.
2. Coin below 60 paise is not a legal tender for payment.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Tarapore committee submitted its report on 'Full Convertibility on Rupee' in
- (a)
Current account
- (b)
Capital account
- (c)
Both 'a' and 'b'
- (d)
Special Drawing Rights (SDR)
Which of the following statements is a relation to Bombay Stock Exchange, is correct?
- (a)
It is the oldest exchange of India
- (b)
It is known by the name of Dalal Street
- (c)
It's share index is known by the name of SENSEX
- (d)
All of the above
Fiscal deficit in the budget means
- (a)
revenue deficit plus the net borrowings of the governments
- (b)
budgetary deficit plus the net borrowings of the government
- (c)
capital deficit plus revenue deficit
- (d)
primary deficit minus capital deficit
Consider the following statements
1. Value - added tax was introduced for the first time in France
2.Value - added tax is levied on the added value that results from each exchange.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following is the major source of the States Taxes on income in the Indian Economy?
- (a)
Agricultural Income Tax
- (b)
Professional Tax
- (c)
Both 'a' and 'b'
- (d)
None of the above
Consider the following statements
1.In the disinflation the prices are still rising during disinflation but at a lower rate.
2.Deflation results into a sustained increase in the real value of money and other monetary items.
Which one of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following coin the term 'Stagflation' in the economy?
- (a)
Iain Macleod
- (b)
Milton Friedman
- (c)
J M Keynes
- (d)
William Phillips
Abid Hussain Committee is related to reforms in _____ industries.
- (a)
private sector
- (b)
large
- (c)
public sector
- (d)
small