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SSC General Knowledge - Indian Economy Practice Questions

General Knowledge - Indian Economy

Exam Duration: 45 Mins Total Questions : 30

1 )

Who was the Chairman of the Sixth Pay Commission established by Indian Government?

(a)
C Bangar
(b)
BN Srikrishna
(c)
C Rangarajan
(d)
None of these

2 )

Which one of the following maintains the Rural infrastructure Development Fund established in 1995-96?

(a)
Reserve Bank Of India
(b)
State Bank Of India
(c)
Regional Bank of India
(d)
National Bank of Agriculture and Rural Development

3 )

Which one of the river basins has the highest potential for Hydel Power?

(a)
Brahmaputra basin
(b)
Ganga basin
(c)
East flowing rivers of South India
(d)
West flowing rivers of South India

4 )

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

5 )

Among other things, which one of the following was the purpose for which Deepak Parekh Committee was constituted?

(a)
To study the current socio-economic conditions of certain minority communities.
(b)
To suggest measures for financing the development of infrastructure
(c)
To frame a policy on the genetically modified organisms
(d)
To suggest measures to reduce the fiscal deficit in the Union budget

6 )

Consider the following statements
1. In India more than 90% of the coal produced is of non-cooking coal type.
2. International Coal Ventures Limited (ICVL) is a Special Purpose Vehicle (SPV) formed for the acquisition of coal resources abroad.
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

7 )

With reference to India, which one of the following statements is not correct?

(a)
IPCL is the largest Indian petrochemical company
(b)
Reliance is the largest private sector company in India
(c)
MTNL is listed of NYSE
(d)
BSNL is the first telecom services organisation in India to launch a nationwide cellular service at once

8 )

Consider the following statements
1. The main objective of the National agricultural Insurance Schemes (NAIS) is to protect the farmers against losses suffered by them due to crop failure on account of natural calamities.
2. The National Agricultural Insurance Scheme (NAIS) is available to all the farmers loanee and non-loanee both irrespective of their size of holding.
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

9 )

Consider the following aims of the National Manufacturing Policy (NMP) of Indian Economy
1. National Investment and Manufacturing Zones (NIMZs) will be established on lands which are degraded and uncultivable.
2. NIMZs are the integrated industrial townships with world class physical and social infrastructure.
Which of the statements about NIMZs formulated in NMP given above is/are correct?

(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2

10 )

Consider the following sector of the Indian Economy With respect to share of employment
1.Agriculture sector
2.Industrial sector
3.Services sector
Arrange this sector from the highest to lowest in the terms of share of employment and select the correct answer using the codes given below

(a)
1,2,3
(b)
1,3,2
(c)
3,1,2
(d)
3,2,1

11 )

Consider the following statements

1. Rashtriya Swasthya Bima Yojana was launched in 2007 but become operational from 2008.

2. Under the Rashtriya Swasthya Bima Yojana, there is no consideration for migrant workers in the unorganised sectors.

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

12 )

With reference to cyclical unemployment, consider the following statements
1. When business cycles are at their peak, cyclical unemployment will be high.
2. The lack of employer demand comes from a lack of spending and consumption in the overall economy
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

13 )

With reference to India,s International trade, consider the following statements
1. For more than a decade, Indian export growth story has been dominated by the Services sector.
2. More than 75% of Indian export of services commodities is mainly software services.
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

14 )

Which one of the following export items of India has the highest share in the world in the last five years?

(a)
Diamonds
(b)
Oil-cake and other solid residues
(c)
Ferro-alloys
(d)
Footwear with outer soles of rubber, plastic and leather

15 )

Which one of the following countries is the largest source of the Foreign direct Investment in the Indian Economy?

(a)
United statess
(b)
Switzerland
(c)
Singapore
(d)
Mauritius

16 )

Which one of the following factors forms the invisible account of the Balance of Payment of a country?

(a)
International trade in services
(b)
Income associated with non-resident assets and liabilities.
(c)
Remittance of workers incomes
(d)
All of the above

17 )

Consider the following statements

1. Reserve Bank of India was nationalised in the year 1955.

2. Reserve Bank of India is a member bank of the Asian Cleaning Union.

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

18 )

Consider the following statements

1. The printing of notes is the total management of Reserve Bank of India

2. The volume of rupee coins and smaller coins are controlled by the ministry of finance.

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

19 )

Consider the following instruments
1. Credit Monitoring Arrangement
2. Credit Authorisation Scheme
3. Cash Reserve Requirement
4. Statutory Liquidity Requirement
Which of the instruments given above are used in the Selective Credit Control in India?

(a)
1, 2 and 3
(b)
1, 2 and 4
(c)
2 and 3
(d)
1 and 2

20 )

Consider the following statements
1. Indian money market is the market of short-term funds.
2. Number of the private sector banks are more in than public sector banks of the Indian scheduled commercial bank.
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

21 )

Which one of the following States had started the Central Land Development Banking System for the first Time in India?

(a)
Chennai, Tamil Nadu
(b)
Pune,Maharashtra
(c)
Baroda,Gujarat
(d)
Bengaluru,Karnataka

22 )

With regards to the Service Area Approach Programme, consider the following

Avoidance of duplication of development efforts
Organised and planned lending in the designated areas
Monitoring and assessment of the service and its impact on production level
Optimise the credit and linkages between the production and productivity.

Which of the benefits given above are actually accrued from the Service Area Approach Programme?

(a)
1,2,3,and 4
(b)
1,2, and 3
(c)
2 and 4
(d)
3 and 4

23 )

Which of the following terms indicates a mechanism used by commercial banks for providing credit to Government?

(a)
Cash Credit Ratio
(b)
Debt Service Obligation
(c)
Liquidity Adjustment Facility
(d)
Statutory Liquidity Ratio

24 )

Consider the following statements

1. National Housing Bank (NHB) was established by the RBI in 1980.

2. NHB is directly financing the schemes of housing for women in India.

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

25 )

Match List I with List II and select the correct answer using the codes given below the list

List I	List II
A.IFCI	1.1948
B.CICII	2.1955
C.IDBI	3.1964
D.IRBI	4.1971

(a)

A B C D

1 2 3 4
(b)

A B C D

2 3 4 1
(c)

A B C D

4 3 1 2
(d)

A B C D

4 1 3 2

26 )

Which one of the following insurance companies is not the subsidiary of the General Insurance Company of India?

(a)
National Insurance Company Limited
(b)
New India Assurance Company Limited
(c)
Oriental Insurance Company Limited
(d)
Life Insurance Corporation of India Limited

27 )

Match list I with list II and select the correct answer using the codes given below the list

List I (Term)	List II (Explanation)
A. Fiscal deficit	1. Excess of total expenditure over receipts
B. Budget deficit	2. Excess of revenue expenditure
C. Revenue deficit	3. Excess of total expenditure over total receipts Less borrowings
D. Primary deficit	4. Excess of total expenditure over total receipts less borrowings and interest payments