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General Knowledge :: Indian Economy

  1. 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?

  2. A.

     Reliance Energy

    B.

     Essar Oil

    C.

     GAIL

    D.

     ONGC

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

  4. A.

     State Road Transport Corporations

    B.

     electricity boards

    C.

     commercial irrigation projects

    D.

     All of the above

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

  6. A.

     Provident Fund

    B.

     Life Insurance Policies

    C.

     National Saving Certificate

    D.

     Long-term Government Bonds

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  7. The condition of indirect taxes in the country's revenue is approximately

  8. A.

     70 percent

    B.

     75 percent

    C.

     80 percent

    D.

     86 percent

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  9. Deficit financing means that the government borrows money from the

  10. A.

     RBI

    B.

     local bodies

    C.

     big businessmen

    D.

     IMF

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

  12. A.

     entertainment tax

    B.

     expenditure tax

    C.

     agricultural income tax

    D.

     land revenue

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

  14. A.

     institutionalized

    B.

     rationalized

    C.

     cheapened

    D.

     All of the above

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

  16. A.

     zero

    B.

     equal to government income

    C.

     larger than government income

    D.

     negative

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  17. The co-operative credit societies have a

  18. A.

     two-tier structure

    B.

     three-tier structure

    C.

     four-tier structure

    D.

     five-tier structure

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  19. Regional rural banks

    1. I=have limited area of operation
    2. II=have free access to liberal refinance facilities from NABARD
    3. III=are required to lend only to weaker sections
  20. A.

     I, III

    B.

     II, III

    C.

     I, II, III

    D.

     I, II

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