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12 October, 2015

Indian Economy Questions for Competitive Exams 2015

Indian Economy Questions for Competitive Exams 2015

Indian Economy Questions for Competitive Exams 2015 - See more at: http://www.currentgk.com/indian-economy-questions-for-competitive-exams-2015.html#sthash.8q8SJW00.dpuf
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1. During which Plan did prices show a decline? – First
2. What is the main objective of Antyodaya programme? – Uplift the poor
3. In which year was Minimum inflation in post economic reform? – 1999-2000
4. What is the animal on the insignia of the RBI? – Panther
5. Which is the ‘basis for determining the national income? – Production of goods and services
6. Which Agriculture export item is second in case of India? – Rice
7. What was the earlier name of the WTO? – GAD
8. What is Green Gold? – Tea
9. What is the Planning Commission? – An Advisory body’
10. In which year Swarn Jayanti Gram Swa-Rozgar Yojna came into being? – April 1999
11. Which can be used for checking inflation temporarily? – Decrease in money supply
12. Howmany of Banks were nationalised since 1969? – 20
13. Which is the best measure of economic growth of a country ? – GNP
14. Which is the most important small-scale industry in India? – Handloom
15. The headquarters of OPEC (Organisation of Petroleum Countries) is at? – Algeria
Indian Economy Questions for Bank Exams 2015
16. Who is regarded as the founder of the scientific Socialism? – Karl Marx
17. By whom was concept of Five Year Plans in India introduced? – Jawaharlal Nehru
18. Which type of unemployment mostly found in India? – Disguised
19. What is the best means of saving during inflation? – Money
20. When was the Reserve Bank of India taken over by the Government? – 1948
21. In which year were Private Sector Mutual Funds in India permitted? – 1993
22. Which formulates fiscal policy? – Finance Ministry
23. What does Net factor income from abroad added to GDP give? – GNP
24. In which industry is the maximum number of women employed in India? – Tea
25. Which country is the largest debtor of UNO? – U.S.
26. Which day is celebrated as ‘National Consumer Right Day? – 24th December
27. In which policy India opted for ‘Mixed Economy’? – Industrial Policy of 1948
28. In which plan was the growth rate of agricultural production negative? – Third Plan
29. On which best is the India’s wage policy? – Cost of living
30. What is termed as the period of high inflation and low economic growth? – Stagflation
31. When was decimal coinage introduced in India? – 1957
32. Which is the oldest Development Financial Institution of India? – IFCI
33. How is the tax which is paid by the person on whom the tax is incident? – Direct tax
34. Which is the most important item of non-plan expenditure? – Interest payment
35. According to the law of demand, what happens when price increases? – Demand decreases
36. Which industry in India was worst affected because of the partition? – Jute and Cotton
37. Where are the headquarters of IMF and World Bank located? – Both Washington DC
38. Which State stands first in the length of roads in the country? – Maharashtra
39. Which has the largest livestock population in the world? – India
40. Who wrote the book ‘Planned Economy for India’ ? – M. Visvesvaraya
41. In which plan was the objective of self-reliance and zero net foreign aid declared? – Fourth 5-Yr Plan
42. As per latest data in urban areas women employment is highest in which industry areas? – Retail Trade
43. Which case does stagflation imply? – Recession plus inflation
44. What does M3 include? – M1 + T.D
45. Which is the largest Public Sector Bank in India? – State Bank of India
46. What do Quantitative credit controls not include? – RBI directives
47. Why has the per capita income been low in India? – Because of population growth
48. On which tax is the minimum effect of Direct Taxes? – Income
49. Under VAT, how many slabs are there? – 4
50. By which income individual’s actual standard of living can be assessed? – Disposable Personal Income