1.
Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns
3.
Which of the following taxes is not levied by the Union Government?
4.
If the cash, reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
5.
Hard Currency is defined as currency
6.
When was the Reserve Bank of India taken over by the Government?
7.
For regulation of the Insurance Trade in the country the Government has formed
8.
Funds belonging to Government of India are kept in (i) Consolidated Fund of India. (ii) Public Account Fund India. (iii) Contingency Fund of India. Select the correct answer using the codes gives below
9.
The contribution of agriculture to India's economy is
10.
Which of the following sectors does not come under tertiary sector?
11.
Customs duties, export duties, corporation taxes, taxes on capital value of assets (excluding agricultural land of individuals and companies) are
13.
Which of the following committees was assigned to recommend reforms in the insurance sector?
14.
Consider the following statements regarding the underdeveloped nature of the economy of India (i) Inequitable distribution of income. (ii) High unemployment in the economy. (iii) Slow rate of increase in national income. (iv) Slow rate of growth of road infrastructure. Which of the statements given above is/are correct?
15.
Economic Planning is a subject
16.
Consider the following statements (i) Life Insurance Corporation of India is the oldest insurance company in India. (ii) National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. (iii) Headquarters of United India Insurance Company Limited are located at Chennai. Which of the statements given above is/are correct
17.
Which of the following is not true about 'vote-on account?
18.
Which of the following is an indirect tax?
19.
Which of the following is the largest (in terms of turnover) Public Sector organization in India?
20.
Which one of the following can aid in furthering the government objective of inclusive growth? (i) Promotion of self help groups. (ii) Promotion of micro, small and enterprises. (iii) Implementing the right to education. Select the correct answer using the codes given below
21.
Deficit financing is spending
22.
Open market operations of a Central Bank are sale and purchase of
23.
Which one of the following is the task of the Planning Commission?
24.
Rolling plan was designed for the period
25.
Consider the following statements (i) NABARD is an apex institution handling matters concerning policy, planning and operating the field of credit for agriculture and other developmental activities in rural India. (ii) NABARD operates through its head office at Delhi. Which of the statements given above is/are correct?
26.
The principal source of revenue to the State Government in India is
27.
Consider the following statements (i) In the Eleventh Five Year Plan, the growth rate of the agriculture sector was above 4%. (ii) In the Eleventh Five Year Plan, the agriculture sector contributed more than 25% in the overall GDP of the India. Which of the statements given above is/are correct?
28.
The Planning Commission of India (i) Was set up in 1950. (ii) Is a constitutional body. (iii) Is an advisory body. (iv) Is a government department.
30.
Which one of the following statements is/are correct about the Pradhan Mantri Gram Sadak Yojana (PMGSY)?
31.
Which of the following states ranks first in terms of the maximum numbers of agro-based industries?
32.
The largest contribution in India's National Income is from
33.
India opted for 'Mixed Economy' in
34.
Schemes run under the National Rural Employment Guarantee Act are sponsored
35.
A Scheduled Bank is one which is included in the
36.
Consider the following statements (i) MNREGA was launched in the Eleventh Five Plan. (ii) Indira Awaas Yojana was launched in the Nineth Five Year Plan. Which of the statements given above is/are correct?
37.
Consider the following related to World Bank organisations, IBRD and IDA (i) India use IDA funds on social sector. (ii) India use development. IBRD funds on infrastructure development (iii) IBRD loans are cheaper than IDA loans. Select the correct answer using the codes given below
38.
The National Income is more at current prices than at constant prices because
39.
The ‘Rolling Plan' concept in national planning was introduced by
40.
National Development Council was set up in
41.
Consider the following statements with regard to Statutory Liquidity Ratio (SLR) (i) To meet SLR, commercial banks can use cash only. (ii) SLR is maintained by the banks with themselves. (iii) SLR restricts the bank’s leverage in pumping more money into the economy. Which of the statements given above is/are correct?
42.
The standard of living in a country is represented by its
43.
Which of the following is poorest state in India?
44.
Excise Duties are taxes on
45.
Consider the following statements (i) India is the sixth largest producer of coffee. (ii) India's share in global area under coffee is about 2%. (iii) India contributes about 4% to world production as well as in the International Trade. Which of the statements given above is/are correct?
46.
Which of the following group of states has the largest concentration of rural poor and people living below the poverty line?
47.
Economic survey is published by
48.
Which one among the following statements regarding the Eighth Five Year Plan in India is not correct?
49.
Temporary tax levied to obtain additional revenue is called
50.
Which of the following bodies finalises the Five Year Plan proposals?
51.
Consider the following statements (i) Rajiv Gandhi Grameen Vidyutikaran Yojana which gives free electricity connections to the below poverty line households is implemented by Power Grid Corporation of India. (ii) The Integrated Rural Energy Programme aims to meet the energy needs of cluster of villages through conventional and non-conventional source of energy. Which of the statements given above is/are correct?
52.
The Imperial Bank of India, after nationalization was given the name of
53.
Which one of the following is not a member of Organization of the Petroleum Exporting Countries (OPEC)?
54.
Assertion (A) Most of the famines of 19th century India were caused due to high food prices and extensive rural unemployment. Reason (R) Food was available in the market, although at high prices, even during the worst famines. Codes
55.
The minimum effect of Direct Taxes is on
56.
What are "Open Market Operations'?
57.
The main function of the Exim Bank is
58.
The headquarters of International Monetary Fund and World Bank are located at KEDUCE
59.
Consider the following statements (i) NABARD inherited all the apex roles from Reserve Bank of India. (ii) NABARD gives long-term loans to State Governments to enable them to subscribe to the share of cooperative credit societies. Which of the statements given above is/are correct?
60.
Which bank gives long term loans to farmers?
61.
The place where bankers meet and settle their mutual claims and accounts is known as
62.
Which among the following formulates fiscal policy?
64.
Which of the following are the functions of the Central Bank of India? (i) Regulation of currency and flow of credit system. (ii) Maintaining exchange value of rupee. (iii) Formulating monetary policy of India. (iv) Supervisory powers over the indigenous bankers and leasing companies.
65.
In 1921, the presidency banks of Bengal, Madras and Bombay were nationalized to give birth to
66.
The World Bank was created immediately after the Second World War. Its activities are focused on the developing countries. Which among the following are the activities of the Bank? (i) Human development. (ii) Agriculture and rural development. (iii) Environmental protection and governance. (iv) Loans and grants to the member countries. Select the correct answer using the codes given below
67.
The Reserve Bank of India issues
68.
How does the consumer benefit with VAT?
69.
'Repo rate' is the rate at which
70.
Who wrote the book 'Planned Economy for India'?
