General knowledge(GK)/Indian Economy MCQ Set 1 Sample Test,Sample questions

Question:
At which of the following places first Land Development Bank was established in India?

1.Punjab

2.Mumbai

3.Madras

4.Pune


Question:
Baba Kalyani committee is appointed to suggest measures regarding which sector?

1.MSME

2.SEZ

3.Manufacturing

4.None of the above


Question:
How many sectors does the Large scale sector is divided under the Industrial policy of 1977?

1.3

2.2

3.4

4.1


Question:
If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by it ?

1.Release Gold from its reserves

2.Buy bonds in the open market

3.Prohibit the transactions that involve bill of exchange

4.Increase the tranche reserves with the IMF


Question:
In context with the macroeconomics , Philips Curve is a relationship between the rates of ?

1.Unemployment & Exim trade

2.Unemployment and Inflation

3.Unemployment and Demand

4.Unemployment and Poverty


Question:
In which city cement production was first started in India?

1.Madras

2.Porbandar

3.Mumbai

4.Nagpur


Question:
In which year the first modern jute mill established?

1.1867

2.1855

3.1893

4.1857


Question:
On which of the following rates , Reserve Bank of India purchases the Other Commercial Papers and Rediscount Bills of exchange from the Banks?

1.Repo Rate

2.Reverse Repo Rate

3.Bank Rate

4.Base Rate


Question:
The concept of Universal Banking was implemented in India on the recommendations of:

1.Abid Hussain Committee

2.R H Khan Committee

3.S Padmanabhan Committee

4.Y H Malegam Committee


Question:
The green shoe option is a clause in the underwriting agreement of an IPO, which allows to ?

1.Sell additional shares

2.Record Investor demands

3.Purchase the shares back from Investors

4.None of them


Question:
The name of UTI bank ltd was changed in 2007 as which of the following?

1.AXIS bank

2.YES Bank

3.Indian Bank

4.Federal Bank


Question:
The Reserve Bank of India works as a lender of the last resort (LOLR). Which among the following is the correct statement in this context?

1.RBI meets all the demands of the commercial banks in times of difficulties

2.RBI meets all the reasonable demands of the commercial banks in times of difficulties

3.RBI is the last lender to the Government at the centre and the states

4.RBI grants loans to the banks and also the Governments in states


Question:
What is Indias rank in furniture production in the world?

1.1

2.2

3.4

4.5


Question:
What is the share of Capital goods in the manufacturing industry?

1.12%

2.24%

3.32%

4.10%


Question:
What is the total revenue of FMCG sector in the previous year?

1.US $ 83.7 billion

2.US $ 105.44 billion

3.US $ 106.44 billion

4.US $ 100.44 billion


Question:
What is the value agricultural produce lost due to inadequate cold chain infrastructure?

1.1 lakh crore

2.90,000 crore

3.2 lakh crore

4.50,000 crore


Question:
What was the Authorized capital and paid up capital of NABARD in 1982 when it was established?

1.Rs. 500 crore and Rs. 200 Crore respectively

2.Rs. 500 crore and Rs. 100 Crore respectively

3.Rs. 500 crore and Rs. 300 Crore respectively

4.Rs. 500 crore and Rs. 500 Crore respectively


Question:
What will be the impact on the cash reserves of commercial banks if RBI conducts a sale of securities ?

1.Increase

2.Decrease

3.Remain constant

4.Increase or decrease


Question:
When was the scheme Up gradation of Quality of Street Food started?

1.2015

2.2010

3.2012

4.2014


Question:
Which among the following correctly defines the Net Interest Income?

1.Interest earned on advances

2.Interest earned on investments

3.Total interest earned on advances and investment

4.Difference between interest earned and interest paid


Question:
Which among the following group best fits in a definition of a shadow banking system?

1.Scheduled Commercial Banks, Non Banking Finance Companies, Hedge Funds

2.Non banking Finance Companies, Investment banks, Hedge funds

3.Scheduled Commercial Banks, Private Banks and NBFCs

4.Scheduled Commercial banks, Cooperative Banks and Investment Banks


Question:
Which among the following in India releases data on balance of payments (BoP) from time to time?

1.Central Statistical Organization

2.Ministry of Finance, Government of India

3.Ministry of Commerce & Trade , Government of India

4.Reserve Bank of India


Question:
Which among the following is correct regarding the appointment of deputy governor in Reserve Bank of India?

1.The appointment of a deputy governor can be for a maximum of 5 years or till the age of 62, whichever is earlier.

2.The appointment of a deputy governor can be for a maximum of 4 years or till the age of 62, whichever is earlier.

3.The appointment of a deputy governor can be for a maximum of 3 years or till the age of 60, whichever is earlier.

4.The appointment of a deputy governor can be for a maximum of 2 years or till the age of 62, whichever is earlier.


Question:
Which among the following is correct regarding the supply curve?

1.It is relation between price of good and quantity produced

2.It is a negatively sloped curve

3.It is relation between price and quantity supplied

4.None of the above


Question:
Which among the following is not an account under Balance of Payment?

1.Financial Account

2.Official Reserves Account

3.Capital Account

4.Current Account


Question:
Which among the following is related to utility?

1.Satisfaction and wants

2.Necessity and wants

3.Usefulness and need

4.None of the above


Question:
Which among the following is the largest importer of Indian chemicals?

1.China

2.Japan

3.USA

4.UAE


Question:
Which among the following is the main idea behind the International trade?

1.Exports should exceed imports

2.Imports should exceed exports

3.Resources are more mobile internationally than are goods

4.Resources are less mobile internationally than are goods


Question:
Which among the following is the main motive of the Reserve Bank of India behind its mechanism known as Devolvement ?

1.To counter the problem of low capital in the scheduled banks

2.To counter the problem of low capital in the scheduled banks

3.To handle the problem of discrepancy in accounting systems in banks

4.To control the scheduled banks assets and liabilities


Question:
Which among the following neighboring country sources its entire requirement of petrol, diesel and jet fuel from India?

1.Bangladesh

2.Nepal

3.Maldives

4.Mauritius


Question:
Which among the following represents capitalisation of profits?

1.Preference shares

2.Sweet Equity

3.Bonus Shares

4.Rights Issue


Question:
Which among the following sectors work can be outsourced?

1.Primary sector

2.Secondary sector

3.Tertiary sector

4.Public sector


Question:
Which among the following was first Commercial Bank of India?

1.Hindustan Bank

2.The bank of Bengal

3.Imperial Bank of India

4.Punjab National Bank


Question:
Which company acquired Emami Cement Limited recently?

1.Nuvoco limited

2.Nirma limited

3.Amul

4.Tide


Question:
Which country is the top importer of Dyes from India?

1.Turkey

2.China

3.UAE

4.USA


Question:
Which five year plan added Highways to Indian infrastructure?

1.5th

2.6th

3.7th

4.4th


Question:
Which Indian Economist served as the first director of Independent office at IMF?

1.Montek singh Ahulwaliya

2.P.C.Mehalonibis

3.Amartya Sen

4.Kaushik Basu


Question:
Which is Indias biggest nationalised enterprise today?

1.Tata Consultancy

2.Indian Railways

3.Reliance Industries

4.Coal India


Question:
Which of the following are part of the Quaternary sector?

1.Banking

2.Agriculture

3.Restaurant

4.Information technology


Question:
Which of the following crops was focussed in the green revolution?

1.Ground nuts

2.Tur Dal

3.Wheat

4.None of the above


Question:
Which of the following exchange rates is the relative price of foreign goods in terms of domestic goods?

1.Nominal

2.Real

3.Artificial

4.Fixed


Question:
Which of the following income is common international poverty line ?

1.US$ 1 per day

2.US$ 1.25 per day

3.US$ 1.50 per day

4.US$ 1.90 per day


Question:
Which of the following is correct regarding the planning commission?

1.Planning commission was established 1951

2.Planning commission is headed by Home Minister

3.Planning commission is an executive body body

4.Planning commission is a constitutional body


Question:
Which of the following is not an example of the secondary sector?

1.Artisan production

2.Textile Mills

3.Food production

4.Nurse


Question:
Which of the following is the distribution of the burden of paying a tax?

1.Sharing of tax burden

2.Shifting of the tax

3.Incidence of a tax

4.Tax capitalization


Question:
Which scheme was Launched with the scheme one nation one scheme?

1.Pradhan Mantri Krishi Sinchai Yojana

2.Pradhan Manthri Fasal Bima Yojana

3.Paramparagat Krishi Vikas Yojana

4.None of the above


Question:
Which tax causes a burden on the poorer section of the society?

1.Indirect Tax

2.Direct Tax

3.Both Direct and Indirect Tax

4.None of these


Question:
Who among the following in India can borrow using the facility of cash management bills ?

1.Government

2.RBI

3.Commercial banks

4.Corporate


Question:
Who is the author of Volatility and Growth ?

1.Esther Duflo

2.Amartya Sen

3.Abhijit Banerjee

4.Jagadish Bhagwati


Question:
Who published The State of the Worlds Biodiversity for Food and Agriculture ?

1.World Bank

2.World Economic forum

3.Food and Agricultural organization

4.UNESCO


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