General Knowledge Questions on Indian Economy

Development expenditure of the Central government does not include

ICICI is the name of a

Gilt-edged market means

Gilt-edged market means

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

Devaluation of a currency means

In the second nationalization of commercial banks, ___ banks were nationalized.

Depreciation means

Deficit financing leads to inflation in general, but it can be checked if

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

India changed over to the decimal system of coinage in

The association of the rupee with pound sterling as the intervention currency was broken in

On which one of the followings is the benefits received principle of taxation to achieve optimality bases?

One of the reasons for India’s occupational structure remaining more or less the same over the years has been that

Gross domestic capital formation is defined as

On July 12, 1982, the ARDC was merged into

Which of the following is the most appropriate cause of exports surplus?

If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

Which of the following items would not appear in a company’s balance sheet?

The currency convertibility concept in its original form originated in

In the state of India, the State Financial Corporation have given assistance mainly to develop

The central co-operative banks are in direct touch with

The first wholly Indian Bank was set up in

States earn maximum revenue through

Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

Debenture holders of a company are its

Excise duty is a tax levied on the

In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines

Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

Non Tax revenues can be increased by improving the working of the

Which of the following is not viewed as a national debt?

The condition of indirect taxes in the country’s revenue is approximately

Deficit financing means that the government borrows money from the

Revenue of the state governments are raised from the following sources, except

Since the inception of the co-operative movement, rural credits has been

If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

The co-operative credit societies have a

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

The current price index (base 1960) is nearly 330. This means that

Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

The current price index (base 1960) is nearly 330. This means that

Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

Devaluation of currency will be more beneficial if

Of the gross tax revenue of the Union Government the indirect taxes account for nearly

The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

Reserve Bank of India was nationalized in the year

In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?

1. A large number of farmers are illiterate and know little about scientific agriculture
2. Prices of primary products are lower than those of manufactured products
3. Investment in agriculture has been low when compared to investment in industry

National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?

Fiscal deficit in the Union Budget means

How many banks were nationalized in 1969?

In India, the first bank of limited liability manages by Indians and founded in 1881 was

In India, inflation measured by the

The annual yield from which of the following Union Government taxes is the highest?

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

Subsidies mean

National expenditure includes

Resurgent India Bonds were issued in US dollar, Pound Sterling and

The apex body for formulating plans and coordinating research work in agriculture and allied fields is

Which of the following is not an undertaking under the administrative control of Ministry of Railways?

If the RBI adopts an expansionist open market operations policy, this means that it will

Redistribution polices geared to reduce economic inequalities include

Short-term finance is usually for a period ranging up to

In India, which one among the following formulates the fiscal policy?

The budget deficit means

In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?

Paper currency first started in India in

The ARDC is now a branch of the

Devaluation of currency leads to

Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to

Deficit financing implies

In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?

Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

Which of the following is not a part of machinery that settles industrial disputes?