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Indian Economy Model Test 8 in English
Indian Economy Model Test Questions 8 in English
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Question 1 |
What is the necessity of monetary policy being exercised by RBI from time to time in India?
Reduce deficit | |
Encourage exports and maintain bops | |
Price stability | |
All of these |
Question 2 |
The Environmental Protection Act was legislated in
1980 | |
1984 | |
1986 | |
1990 |
Question 3 |
Which one of the following methods is not used to collect primary data?
Personal contact | |
Postal enquiry | |
Through newspapers | |
Questionnaire method |
Question 4 |
Which one of the following methods is often used to select a representative sample from a homogeneous population?
Random sampling | |
Stratified sampling | |
Purposive sampling | |
Systematic sampling |
Question 5 |
What is the present rate of interest on CRR given by RBI?
6% | |
8% | |
9% | |
none of these |
Question 6 |
What is the minimum and maximum Cash Reserve Ratio to be maintained by a Commercial Bank?
Minimum 3%, Maximum 15% | |
Minimum 4%, Maximum 16% | |
Minimum 2%, Maximum 4% | |
None of these |
Question 7 |
One rupee currency note is printed and issued by
State Government | |
State Bank of India | |
Reserve Bank of India | |
Govt. of India, Ministry of Finance |
Question 8 |
Which is the lead bank for salem district?
Indian Bank | |
Indian Overseas Bank | |
Salem District Co-Operative Central Bank | |
None of these |
Question 9 |
The controller of Insurance is at present
Finance secretary | |
Deputy Governor, RBI | |
Chairman , GIC | |
Chairman, IRDA |
Question 10 |
At present the expenditure on Government (both central and state) as a percentage of GDP is
5% | |
17% | |
24% | |
30% |
Question 11 |
The Green Revolution came on the scene around
mid 1960 | |
mid 1950 | |
mid 1970 | |
mid 1980 |
Question 12 |
Demographic pressure acts as a push factor in
migration | |
financial assistance | |
economic growth | |
none of these |
Question 13 |
Dr. Raja J. Chelliah Tax Reforms ommittee was set up in
August, 1990 | |
September, 1992 | |
August, 1991 | |
June, 1993 |
Question 14 |
When was the New Industrial Policy announced?
July, 1991 | |
June, 1992 | |
October, 1996 | |
January, 1994 |
Question 15 |
The incidence of poverty can be computed from
NAS data on national accounts | |
NSS data on consumption of expenditure | |
Both (A) and (B) | |
None of these |
Question 16 |
What is the correct expansion of the abbreviation of WTO?
World Textile Organisation | |
World Trade Organisation | |
World Trusteeship Orgaisation | |
World Transport Organisation |
Question 17 |
Match List I with List II correctly and select your answer using the codes given below:
List I List II
- Respondents 1. Person collecting Information
- Primary data 2. Person giving information
- Enumerator 3. Collection of data
1 2 3 4 | |
2 3 4 1 | |
1 3 2 4 | |
2 4 1 3 |
Question 18 |
Which committee has recommended the establishment of National co-operative Bank of India?
Narasimhan Committee | |
A.M. Khusro Committee | |
Indian Co-Operative Committee | |
Ragarajan Committee |
Question 19 |
The RBI was inaugurated in April 1935 with a share capital of
15 crores | |
5 crores | |
10crores | |
7 crores |
Question 20 |
The UTI was formally established in
February, 1974 | |
February, 1964 | |
March, 1970 | |
December , 1950 |
Question 21 |
The Million Wells Scheme was launched as a sub-scheme for
Jawahar Gram Samriddhi Yojana | |
Swarna Jayanti Gram Swarojgar Yojana | |
National Rural Employment Programme | |
Employment Guarantee Scheme |
Question 22 |
Dr. L.C. Gupta Committee was appointed to look into the working of
Stock exchange | |
Insurance companies | |
Commercial banks | |
Development finance institution |
Question 23 |
What is the old name of the State Bank of India?
India Bank | |
British Bank | |
Imperial Bank of India | |
None of these |
Question 24 |
How many banks were nationalized in July 1969?
15 | |
13 | |
11 | |
14 |
Question 25 |
The economist who warned against population explosion is
Alfred Marshall | |
Karl Marx | |
Malthus | |
Rostow |
Question 26 |
When was the GATT started?
1947 | |
1948 | |
1950 | |
1956 |
Question 27 |
The Reserve Bank of India Bulletin is published in every
fortnight | |
month | |
six months | |
year |
Question 28 |
Which of the following is/are not matched correctly?
- First Plan - 1950-55
- Third Plan - 1961-66
- III. Fourth Plan - 1966-77
- Seventh Plan - 1985-90
I and II | |
III only | |
III only | |
I and III |
Question 29 |
Which of the following is not an objective of India’s Economic Planning?
Self-Reliance | |
Industrial growth | |
Employment generation | |
Population growth |
Question 30 |
Human Development Index was formulated by United Nations in
1990 | |
1991 | |
1996 | |
1994 |
Question 31 |
Which one of the following is a primary group?
Family | |
Community | |
Caste | |
Society |
Question 32 |
Commercial banks finance rural credit directly and through
NABARD | |
Rural banks | |
Cooperative Societies | |
State Government |
Question 33 |
Which is the cheapest and safest method of sending money from one place to another place?
Money order | |
Mail Transfer/ Telegraphic Transfer | |
Cheque System | |
None of these |
Question 34 |
What do you mean by Non-Performing asset?
Assets acquired through the court of law | |
Idle asset | |
Unprofitable asset | |
None of these |
Question 35 |
The structure of family in rural India is
Nuclear family | |
Extended family | |
Joint family | |
Consanguineous family |
Question 36 |
Consider the following statements:
- Assertion(A): The removal of poverty remains a central problem of planning in India.
- Reason(R): Development is not just about factories, dams and road, it is basically about people.
Both (A) and (R) are true and (R) is the correct explanation of (A) | |
Both (A) and (R) are true, but (R) is not the correct explanation of (A) | |
(A) is true, but (R) is false | |
(A) is false, but (R) is true |
Question 37 |
In which sector was the ‘Rolling Plan’ first introduced in India?
Agricultural sector | |
Industrial sector | |
Trade sector | |
Defence sector |
Question 38 |
Human Development Index (HDI) was formulated by the
1990 | |
1991 | |
1996 | |
1994 |
Question 39 |
Which one of the following methods is to reduce income inequalities in India?
Estate duty | |
Wealth tax | |
Capital gains tax | |
Ceiling on holdings |
Question 40 |
Who finally approves the five-year plan?
Parliament and state legislatures | |
National Development Council | |
Planning Commission | |
The President |
Question 41 |
Villages in India are the backbone of our
economy | |
culture | |
food | |
dance |
Question 42 |
The Reserve Bank of India was nationalized in
1927 | |
1947 | |
1949 | |
1962 |
Question 43 |
The main obstacle to the economic development of India is
population | |
unemployment | |
low production | |
all of these |
Question 44 |
Green revolution was introduced in the year
1957 | |
1962 | |
1965 | |
1966 |
Question 45 |
The first Bank established in India was
Punjab National Bank | |
Traders Bank | |
State Bank of India | |
Bank of Hindustan |
Question 46 |
In which year was cycle rickshaw introduced in the world?
1850 | |
1847 | |
1972 | |
1867 |
Question 47 |
Most of India’s exports are
food products | |
fabrics | |
industrial | |
beverages |
Question 48 |
The second nationalization of six banks took place on
April 1, 1974 | |
April 15, 1980 | |
March 31, 1985 | |
September 30, 1989 |
Question 49 |
Consumer day is celebrated on
March 5 | |
March 10 | |
March 15 | |
March 20 |
Question 50 |
The Vyas Committee which has submitted its report recently, is related with
Mutual fund | |
Co-operative Sector | |
Price Control | |
Agricultural Credit |
Question 51 |
The Omkar Goswami Committee was setup to study
Industrial location | |
Industrial pollution | |
Industrial infrastructure | |
Industrial sickness |
Question 52 |
What is the percentage of the accumulated loss at the end of any financial year to its net worth for a company to be ‘sick’?
100% | |
75% | |
50% | |
20% |
Question 53 |
Name the first bank established in India
Bank of India | |
State Bank of India | |
Bank of Hindustan | |
Canara Bank |
Question 54 |
Which sector contributes more to Nest state domestic product in Tamil Nadu?
Primary sector | |
Secondary sector | |
Tertiary sector | |
Other sectors |
Question 55 |
When was Central Social Welfare Board Organised?
1950 | |
1951 | |
1952 | |
1953 |
Question 56 |
In which year was the Imperial Bank of India started?
1914 | |
1919 | |
1921 | |
1942 |
Question 57 |
What is the maximum capital and reserve required for starting a Scheduled Commercial Bank in India?
Rs. 5 lakhs | |
Rs. 10 lakhs | |
Rs. 7.5 lakhs | |
none of these |
Question 58 |
The minimum capital required for starting Regional Rural Bank in India is
Rs. 25 lakhs | |
Rs. 30lakhs | |
Rs. 22 lakhs | |
Rs. 40 lakhs |
Question 59 |
Where is the Headquarters of Asian Development Bank Situated?
Washington | |
Paris | |
Manila | |
Canberra |
Question 60 |
The largest public sector bank in India is
Union Bank of India | |
Central Bank of India | |
State Bank of India | |
Reserve Bank of India |
Question 61 |
Sugar Industry is totally
tiny industry | |
medium industry | |
agro-based industry | |
none of these |
Question 62 |
The guardian of Indian money market is
State Bank of India | |
Central Bank of India | |
Reserve Bank of India | |
Indian Bank |
Question 63 |
The first Five-year plan gave to priority to
agriculture and irrigation | |
large scale industries | |
unemployment and poverty | |
Communication and education |
Question 64 |
Which one of the following in Indirect Tax?
Income Tax | |
Corporate Tax | |
Excise duty | |
Wealth tax |
Question 65 |
First five-year plan is known as
Industrial plan | |
Rolling plan | |
Annual Plan | |
Agricultural plan |
Question 66 |
Inflation means
decrease in price | |
increase in price | |
normal price | |
Flutuating price |
Question 67 |
Iron and steel industry is categorized as
Small industry | |
Medium industry | |
Cottage industry | |
Basic industry |
Question 68 |
Reserve Bank of India was established in the year
1935 | |
1947 | |
1950 | |
1953 |
Question 69 |
Goods of an industry which are used in another industry for further production is called
Genetic goods | |
Luxury goods | |
Consumer goods | |
Capital goods |
Question 70 |
If there is no agreement regarding sharing of profit or loss, all partners share
on the basis of capital contribution | |
equality | |
on the basis of managerial ability | |
all of these |
Question 71 |
A bank who acts as banker to the Government is called
State Finance Corporation | |
Industrial Development Bank of India | |
Reserve Bank of India | |
Co-operative Bank |
Question 72 |
The committee on Panchayat Raj Institution is
Vaidhyanathan Committee | |
Goswami Committee | |
Ashok Mehta Committee | |
Narashimhan Committee |
Question 73 |
Entrepot trade means
Export trade | |
Re-export trade | |
Internal trade | |
wholesale trade |
Question 74 |
The major emphasis in the first five-year plan was on
employment generation | |
agriculture | |
export promotion | |
industry |
Question 75 |
NICEF was established in the year
1946 | |
1956 | |
1949 | |
1954 |
Question 76 |
Which one of the following is correct
Human Development Index - United Nations | |
PQLI - 1996 | |
Social indicators - India | |
Social indicators - India |
Question 77 |
World Trade Organisation was started in the year
1984 | |
1994 | |
1995 | |
1996 |
Question 78 |
Which of the following statements is correct regarding Indira Awas Yojana?
Soil and water conservation works | |
Construction of rural roads | |
Providing houses at free of costs to the members of SC/ST and free bonded labourers | |
Land development and waste land development |
Question 79 |
Match List I with List II correctly and select your answer using the codes given below:
List I List II
- IFCI 1. 1955
- ICICI 2. 1964
- IDBI 3. 1948
- EXIM Bank 4. 1971
4 3 2 1 | |
3 2 4 1 | |
3 1 2 4 | |
2 3 4 1 |
Question 80 |
Consider the following statements
- The expansion of the public sector was based on Industrial Policy Resolution, 1956
- Govt. has announced New Industrial Policy in July, 1991.
- Govt. has not announced any industrial policy at all.
I alone is correct | |
II alone is correct | |
I and II are correct | |
All are correct |
Question 81 |
Which one of the following is correctly matched?
Industrial policy statement - 2002 | |
Report on the committee on disinvestment of shares
(Rangarajan Committee) - 1987
| |
Common Minimum Programme of United Front Govt. - 1996 | |
Start of tenth Five-Year Plan - 2005 |
Question 82 |
For which purpose is the finance commission appointed?
To make recommendation for devolution of non-plan revenue resources | |
To earn foreign exchange | |
to recommended measures for profit making public sector enterprises | |
to impose taxes |
Question 83 |
Existence of joint family system in India promotes
full employment | |
disguised unemployment | |
unemployment | |
structural unemployment |
Question 84 |
Basic needs like food, clothing and shelter are _________ needs.
Physical | |
Social | |
Psychological | |
Cultural |
Question 85 |
The first Five-Year plan gave importance to
agriculture | |
industries | |
employment opportunity | |
reducing poverty |
Question 86 |
Agriculture gives rise to _______ employment.
cyclical | |
structural | |
seasonal | |
professional |
Question 87 |
Custodian of foreign exchange is
Foreign Exchange Bank | |
Foreign Bank | |
State Bank of India | |
Reserve Bank of India |
Question 88 |
Which of the following is correct?
Classification follows tabulation | |
Classification precedes tabulation | |
Both are done simultaneously | |
None of these |
Question 89 |
Which of the following does not suit the underdeveloped countries?
Lack of technology | |
Low population | |
Lack of capital formation | |
Low level employment opportunity |
Question 90 |
In the banks of India for which type of deposit is higher rate of interest paid
Recurring deposit | |
Fixed deposit | |
Senior citizen’s fixed deposit | |
Current deposit |
Question 91 |
The Lead Bank Scheme was recommended by
Tandon Committee | |
Vaguls Committee | |
Sivaraman Committee | |
Gadgil Committee |
Question 92 |
What was the target rate of increase in national income in the Five Five-Year Plan?
23% | |
11% | |
9% | |
12% |
Question 93 |
Sequential file organization is most appropriate for which of the following applications?
Grocery store check-out | |
Checking bank A/c | |
Payroll | |
Airline reservations |
Question 94 |
Match List I with List II correctly and select your answer using the codes given below:
List I List II
- 1st Five-Year Plan 1. 1961-66
- 3rd Five-Year Plan 2. 1985-90
- 5th Five-Year Plan 3. 1951-56
- 7th Five-Year Plan 4. 1974-79
1 3 2 4 | |
4 2 3 1 | |
3 1 2 4 | |
3 1 4 2 |
Question 95 |
Public expenditure and public revenue are referred to
Public policy | |
Government policy | |
Welfare policy | |
Fiscal policy |
Question 96 |
which one of the following is correctly matched?
- Name of the Programme Year of Launching
Integrated Rural Development Programme 1977 | |
Training Rural Youth for Self Employment 1979 | |
National Rural Employment Programme 1980 | |
Jawahar Rozgar Yojana 1988 |
Question 97 |
who invented Double Entry system of Book-keeping?
Luca Pacciola | |
Keynes | |
Hawtrey | |
Gunnar Myrdall |
Question 98 |
Which system of banking is followed in India?
Unit banking | |
Branch banking | |
Merchant Banking | |
Mixed Banking |
Question 99 |
What do you mean by ‘Entrepot’ trade?
Export trade | |
Import trade | |
Import of goods for re-export | |
none of these |
Question 100 |
Sarkaria Commission was appointed
to find a solution to the Punjab crisis | |
to examine Centre-State relations | |
to resolve Kaveri water dispute | |
to examine the nexus between politicians and criminals |
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