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General Knowledge :: Indian Economy

  1. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:

  2. A.

     Rabi crop

    B.

     Kharif crop

    C.

     Both A and B

    D.

     None of the above

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  3. The central banking functions in India are performed by the

    1. I=Central Bank of India
    2. II=Reserve Bank of India
    3. III=State Bank of India
    4. IV=Punjab National Bank
  4. A.

     I, II

    B.

     II

    C.

     I

    D.

     II, III

    E.

     IV

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  5. Development expenditure of the Central government does not include

  6. A.

     defence expenditure

    B.

     expenditure on economic services

    C.

     expenditure on social and community services

    D.

     grant to states

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  7. ICICI is the name of a

  8. A.

     chemical industry

    B.

     bureau

    C.

     corporation

    D.

     financial institution

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  9. Gilt-edged market means

  10. A.

     bullion market

    B.

     market of government securities

    C.

     market of guns

    D.

     market of pure metals

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

  12. A.

     Chemicals other than fertilizers

    B.

     Services sector

    C.

     Food processing

    D.

     Telecommunication

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  13. Devaluation of a currency means

  14. A.

     fall in exchange value of a country by market forces

    B.

     reduction in external value/exchange value of currency by the government

    C.

     reduction in currency value due to wear and tear

    D.

     all of the above

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

  16. A.

     4

    B.

     5

    C.

     6

    D.

     8

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  17. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves

    1. I=interest payments
    2. II=subsidies
    3. III=defence
    4. IV=irrigation
  18. A.

     I, II

    B.

     I

    C.

     I, II, III

    D.

     II, III, IV

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  19. Depreciation means

  20. A.

     closure of a plant due to lock out

    B.

     closure of a plant due to labour trouble

    C.

     loss of equipment over time due to wear and tear

    D.

     destruction of a plant in a fire accident

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