Indian Economy Selected Questions and Answers Set 2

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Q.1:- The National Income of a country is ?

  1. The annual revenue of the Government
  2. Sum total of factor incomes
  3. Surplus of Public Sector Undertakings
  4. Export minus Import

Q.2:- Which of the following is definitely a major indication of the State of the economy of a country ?

  1. Rate of GDP Growth
  2. Rate of Inflation
  3. Number of Banks in a country
  4. Stock of foodgrains in a country
  5. None of these

Q.3:- Which amongst the following State/UTs has NOT identified tribal community ?

  1. Chhattisgarh
  2. Haryana
  3. Maharashtra
  4. Karnataka

Q.4:- When was the NABARD formed ?

  1. 1952
  2. 1962
  3. 1982
  4. 1992

Q.5:- Which bank became the first bank to open its branch in China ?

  1. IDBI Bank
  2. HDFC Bank
  3. State Bank of India
  4. Punjab National Bank

Q.6:- Bad loans in banking terminology are generally known as ?

  1. Prime Loans
  2. Prime Asset
  3. BPOs
  4. CBs
  5. NPAs

Q.7:- Which of the following rates is NOT decided by the Reserve Bank of India ?

  1. Bank Rate
  2. Repo Rate
  3. Reverse Repo Rate
  4. Income Tax Rates
  5. All of these
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Q.8:- Which of the following is India’s largest public sector Commercial Bank at present ?

  1. IDBI Bank
  2. ICICI Bank
  3. AXIS Bank
  4. SBI
  5. None of these

Q.9:- Which of the following terms is NOT used in the field of Banking and Finance ?

  1. Overdraft
  2. Base Line
  3. RTGS
  4. GBC
  5. Retail

Q.10:- Which of the following is NOT a banking related system ?

  1. Portfolio Management
  2. Overdraft
  3. Treasury Operations
  4. Merchant Banking
  5. Proclamation

Q.11:- Which is known as the third pillar in international economic relations ?

  1. IMF
  2. World Bank
  3. WTO
  4. GATT

Q.12:- The National Institute for Agriculture Marketing (NIAM):

  1. Jaipur
  2. New Delhi
  3. Nagpur
  4. Hyderabad

Q.13:- The practice of selling goods in a foreign country at a price below their domestic selling price is called ?

  1. Diplomacy
  2. Discrimination
  3. Dumping
  4. Double Pricing

Q.14:- The headquarter of World Trade Orgnization (WTO) are at ?

  1. New York
  2. Geneva
  3. Rome
  4. Doha

Q.15:- In which one of the following places was Asia’s first Export Processing Zone (EPZ) set up ?

  1. Kandla
  2. Cochin
  3. Surat
  4. Santa Cruz
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Q.16:- Balance of payment includes ?

  1. Visible Trade
  2. Invisible Trade
  3. Debts
  4. All of these

Q.17:- World Bank helps countries with loans for the purpose of ?

  1. Reconstruction and development
  2. Stimulating private investment
  3. Tackling foreign exchange crises
  4. Meeting deficits in government budget

Q.18:- The head office of the Asian Development Bank (ADB) is in ?

  1. Manila
  2. Jakarta
  3. Honululu
  4. Nairobi
  5. Tokyo

Q.19:- Surplus earned by a factor other than land in the short period is referred to as ?

  1. Economic Rent
  2. Net Rent
  3. Quasi-Rent
  4. Super Normal Rent

Q.20:- Who among the following is Not a classical economist ?

  1. David Ricardo
  2. John Stuart Mill
  3. Thomas Malthus
  4. John Maynard Keynes

Q.21:- Demonstration Effect means ?

  1. Effect of advertisement
  2. Imitating effect of consumption
  3. Effect of entertainment
  4. Effect of an experiment

Q.22:- Utility in economics means the capacity to ?

  1. Provide Comforts
  2. Earn in Income
  3. Satisfy Human Wants
  4. Satisfy Human Motives

Q.23:- Which of the following towns is Not on the Golden Quadrilateral created for the roads-infrastructure of the country ?

  1. Chennai
  2. Hyderabad
  3. Visakhapatnam
  4. Bhubneshwar
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Q.24:- What is the longest irrigation canal India called ?

  1. Yamuna Canal
  2. Sirhind Canal
  3. Indira Gandhi Canal
  4. Upper Bari Doab Canal

Q.25:- In which year was the first regular Census held in India ?

  1. 1881
  2. 1911
  3. 1921
  4. 1931