CGL and Banking= 2016-2017 में पूछे गये सभी Economy Questions
1. Who is known as the ‘Father of White Revolution’?
a) V Kurien
b) MS Swaminathan
c) JP Narayan
d) Baba Amte
b) MS Swaminathan
c) JP Narayan
d) Baba Amte
Answer: V Kurien
2. Who was the first administrator-statesman to attempt planning as a means for economic development?
a) Sir CP Ramaswami Aiyyar
b) M Viswesvarayya
c) VT Krishnamachari
d) C Rajagopalachari
a) Sir CP Ramaswami Aiyyar
b) M Viswesvarayya
c) VT Krishnamachari
d) C Rajagopalachari
Answer: M Viswesvarayya
3. Which of the following is the basic characteristic of Oligopoly?
a) a few sellers, one buyer
b) a few sellers, many buyers
c) a few sellers, a few buyers
d) many sellers, a few buyers
b) a few sellers, many buyers
c) a few sellers, a few buyers
d) many sellers, a few buyers
Answer: a few sellers, many buyers
4. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?
a) First Five Year Plan
b) Second Five Year Plan
c) Third Five Year Plan
d) Fourth Five Year Plan
b) Second Five Year Plan
c) Third Five Year Plan
d) Fourth Five Year Plan
Answer: First Five Year Plan
5. Which of the following Five Year Plans recognized human development as the core of all developmental efforts?
a) Eighth Five Year Plan
b) Seventh Five Year Plan
c) Fifth Five Year Plan
d) Third Five Year Plan
b) Seventh Five Year Plan
c) Fifth Five Year Plan
d) Third Five Year Plan
Answer: Eighth Five Year Plan
6. Which of the following plans aimed at improving the standard of living?
a) Third Plan
b) Fourth Plan
c) Fifth Plan
d) Sixth Plan
b) Fourth Plan
c) Fifth Plan
d) Sixth Plan
Answer: Fourth Plan
7. At which of the following places was the mining of coal started in 1774?
a) Chhindwara
b) Dhanbad
c) Ranchi
d) Raniganj
b) Dhanbad
c) Ranchi
d) Raniganj
Answer: Raniganj
8. In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?
a) 1971 and 1972 repetitively
b) 1972 and 1973 respectively
c) 1973 and 1974 respectively
d) 1970 and 1972 respectively
b) 1972 and 1973 respectively
c) 1973 and 1974 respectively
d) 1970 and 1972 respectively
Answer: 1972 and 1973 respectively
9. Which Indian state has the largest number of cotton textile mills?
a) Madhya Pradesh
b) Maharashtra
c) Gujarat
d) West Bengal
b) Maharashtra
c) Gujarat
d) West Bengal
Answer: Maharashtra
10. Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of the following states?
a) Tamil Nadu
b) Andhra Pradesh
c) Maharashtra
d) Karnataka
b) Andhra Pradesh
c) Maharashtra
d) Karnataka
Answer: Andhra Pradesh
11. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?
a) 1973
b) 1974
c) 1975
d) 1976
b) 1974
c) 1975
d) 1976
Answer: 1975
12. Which of the following plans aimed at the removal of poverty and attainment of self-reliance?
a) second plan
b) third plan
c) fourth plan
d) fifth plan
b) third plan
c) fourth plan
d) fifth plan
Answer: fifth plan
13. Census in India is being held regularly after every
a) 6 years
b) 8 years
c) 10 years
d) 12 years
b) 8 years
c) 10 years
d) 12 years
Answer: 10 years
14. People belonging to what age group are eligible for training under TRYSEM scheme?
a) 18-35
b) 25-40
c) 18-50
d) 18-25
b) 25-40
c) 18-50
d) 18-25
Answer: 18-35
15. According to the census in 2001, which city in India has the largest population?
a) Kolkatta
b) Mumbai
c) Delhi
d) Chennai
b) Mumbai
c) Delhi
d) Chennai
Answer: Mumbai
16 In terms of geographical area India occupies what position in the world?
a) Five
b) six
c) seven
d) three
b) six
c) seven
d) three
Answer: seven
17. India does not share its boundary with which of the following countries?
a) China
b) Taiwan
c) Burma
d) Bhutan
b) Taiwan
c) Burma
d) Bhutan
Answer: Taiwan
18. Agriculture employs almost what percent of the Indian population?
a) 90
b) 50
c) 40
d) 70
b) 50
c) 40
d) 70
Answer: 70
19. Which one of the following is a Kharif crop?
a) bajra
b) wheat
c) mustard
d) baagrrley
b) wheat
c) mustard
d) baagrrley
Answer: bajra
20. Which one of the following is a rabi crop?
a) rice
b) jowar
c) cotton
d) peas
b) jowar
c) cotton
d) peas
Answer: peas
21. An economy is at the take off stage on its path to development when it
a) becomes stagnant
b) begins steady growth
c) is liberalized
d) gets maximum foreign aid
b) begins steady growth
c) is liberalized
d) gets maximum foreign aid
Answer: begins steady growth
22. Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?
a) MS Swaminathan
b) VR Krisha Aiyyar
c) V Kurien
d) Jawaharlal Nehru
b) VR Krisha Aiyyar
c) V Kurien
d) Jawaharlal Nehru
Answer: MS Swaminathan
23. The Chota Nagpur Plateau famous for its mineral deposits is in
a) Uttar Pradesh
b) Jharkhand
c) Madhya Pradesh
d) Bihar
b) Jharkhand
c) Madhya Pradesh
d) Bihar
Answer: Jharkhand
24. The Mumbai Stock Exchange was set up in
a) 1875
b) 1900
c) 1922
d) 1947
b) 1900
c) 1922
d) 1947
Answer: 1875
25. What does the term NSDL stands for?
a) National Securities Development Limited
b) National Securities Depository Limited
c) National Safety Development Limited
d) Natural Safety Deployment Limited
b) National Securities Depository Limited
c) National Safety Development Limited
d) Natural Safety Deployment Limited
Answer: National Securities Depository Limited
26. Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?
a) DPAP
b) IRDP
c) TRYSEM
d) DDP
Answer: TRYSEM
27. In Indian economy, the principal means of transportation is
a) airways
b) railways
c) waterways
d) roadways
b) railways
c) waterways
d) roadways
Answer: railways
28. Which of the following organizations looks after the credit needs of agriculture and rural development in India?
a) FCI
b) IDBI
c) NABARD
d) ICAR
b) IDBI
c) NABARD
d) ICAR
Answer: NABARD
29. Which of the following estimates the National Income in India?
a) Central Statistical Organization
b) National Income Committee
c) Planning commission
d) Reserve Bank of India
b) National Income Committee
c) Planning commission
d) Reserve Bank of India
Answer: Central Statistical Organization
30. In India which of the following taxes is levied by the state governments?
a) Excise duty on liquor
b) Capital gains tax
c) Customs tax
d) corporation tax
b) Capital gains tax
c) Customs tax
d) corporation tax
Answer: Excise duty on liquor
31. Which industry employs the largest number of women in India?
a) tea
b) textile
c) jute
d) coal
b) textile
c) jute
d) coal
Answer: tea
32. Which of the following is not a cash crop?
a) Jute
b) groundnut
c) jowar
d) sugarcane
b) groundnut
c) jowar
d) sugarcane
Answer: jowar
33. An economy is at the ‘take off’ stage on its path to development when it
a) becomes stagnant
b) begins steady growth
c) is liberalized
d) gets maximum foreign aid
b) begins steady growth
c) is liberalized
d) gets maximum foreign aid
Answer: begins steady growth
34. Which among the following treaties provided for a common currency for the member countries of European Community?
a) Brussels Treaty
b) Geneva Convention
c) Maastricht Treaty
d) Treaty of Versailles
b) Geneva Convention
c) Maastricht Treaty
d) Treaty of Versailles
Answer: Mastricht Treaty
35. SEBI stands for
a) Science and Engineering Board of India
b) Securities and Exchange Board of India
c) Social Equity Bureau of India
d) Science and Educational Board of India
b) Securities and Exchange Board of India
c) Social Equity Bureau of India
d) Science and Educational Board of India
Answer: Securities and Exchange Board of India
36. With which of the following lies the basic regulatory authority for mutual funds and stock markets?
a) Reserve bank of India
b) Government of India
c) SEBI
d) Stock Exchanges
b) Government of India
c) SEBI
d) Stock Exchanges
Answer: SEBI
37. With which aspect of commerce are ‘Bulls and Bears’ associated?
a) Foreign Trade
b) Stock Exchange market
c) banking
d) international finance
b) Stock Exchange market
c) banking
d) international finance
Answer: Stock Exchange market
38. Which of the following is the basic characteristic of Oligopoly?
a) a few sellers, one buyer
b) a few sellers, many buyers
c) a few sellers, a few buyers
d) many sellers, few buyers
b) a few sellers, many buyers
c) a few sellers, a few buyers
d) many sellers, few buyers
Answer: a few sellers, many buyers
39. State Financial Corporations give assistance mainly to develop
a) small and medium scale industries
b) agricultural farms
c) cotton industry
d) large scale industries
b) agricultural farms
c) cotton industry
d) large scale industries
Answer: small and medium scale industries
40. In which of the following fields was the first co-operative movement in India initiated?
a) agricultural credit
b) farming activities
c) consumer co-operation
d) agricultural marketing
b) farming activities
c) consumer co-operation
d) agricultural marketing
Answer: agricultural credit
41. Which of the following taxes is a progressive tax?
a) income tax
b) custom tax
c) sales tax
d) excise duty
b) custom tax
c) sales tax
d) excise duty
Answer: income tax
42. In which year was the policy of population planning adopted by the government of India?
a) 1947
b) 1956
c) 1952
d) 1962
b) 1956
c) 1952
d) 1962
Answer: 1952
43. Which of the following taxes is/are levied by the Union and collected and appropriated by the states?
a) stamp duties
b) passenger and good tax
c) estate duty
d) taxes on newspapers
b) passenger and good tax
c) estate duty
d) taxes on newspapers
Answer: stamp duties
44. The terms TRIPS and TRIMS are related to
a) NAFTA
b) SAPTA
c) EFTA
d) GATT
b) SAPTA
c) EFTA
d) GATT
Answer: GATT
45. In which year was the new liberalized industrial policy announced in India?
a) 1989
b) 1990
c) 1991
d) 1992
b) 1990
c) 1991
d) 1992
Answer: 1991
46. During which Five Year Plan was the annual growth rate of National Income the lowest?
a) second plan
b) third plan
c) fifth plan
d) sixth plan
b) third plan
c) fifth plan
d) sixth plan
Answer: Third Plan
47. Chelliah Committee of 1992 deals with the overhauling of our
a) public sector undertakings
b) financial system
c) tax system
d) patents and copyrights
b) financial system
c) tax system
d) patents and copyrights
Answer: Tax System
48. Economic planning is an essential feature of
a) capitalist economy
b) socialist economy
c) mixed economy
d) dual economy
b) socialist economy
c) mixed economy
d) dual economy
Answer: socialist economy
49. Which among the following is an essential characteristic of mixed economy?
a) co-existence of small scale and large scale industries
b) co-existence of private and public sectors
c) assigning equal importance to both agriculture and heavy industries
d) co-existence of the rich and the poor
b) co-existence of private and public sectors
c) assigning equal importance to both agriculture and heavy industries
d) co-existence of the rich and the poor
Answer: co-existence of private and public sectors
50. What is the value of goods and services produced in a country within a year called?
a) National income at factor cost
b) net national output
c) net national product at market prices
d) gross national product at market prices
b) net national output
c) net national product at market prices
d) gross national product at market prices
Answer: gross national product at market prices
51. Which of the following deals with economic offences?
a) MISA
b) NSA
c) TADA
d) COFEPOSA
b) NSA
c) TADA
d) COFEPOSA
Answer: COFEPOSA
52. In India, inflation is measured by
a) wholesale price index number
b) consumer price index for urban non-manual workers
c) consumer price index for agricultural workers
d) national income deflation
b) consumer price index for urban non-manual workers
c) consumer price index for agricultural workers
d) national income deflation
Answer: National Income deflation
53. Which of the following programs meets the credit needs of poor women?
a) Mahila Samriddhi Yojna
b) Rashtriya Mahila Kosh
c) Indira Mahila Yojna
d) Mahila Samakhya Programme
b) Rashtriya Mahila Kosh
c) Indira Mahila Yojna
d) Mahila Samakhya Programme
Answer: Rashtriya Mahila Kosh
54. National income is the
a) Net National Product at Market price
b) Net National product at factor coast
c) net domestic product at market price
d) net domestic product at factor cost
b) Net National product at factor coast
c) net domestic product at market price
d) net domestic product at factor cost
Answer: net domestic product at market price
55. Which of the following programs aims at the promotion of savings among rural women?
b) Rashtriya Mahila Kosh
c) Mahila Samriddhi Yojna
d) Indira Mahila Yojna
e) Javhar Rozgar Yojna
c) Mahila Samriddhi Yojna
d) Indira Mahila Yojna
e) Javhar Rozgar Yojna
Answer: Mahila Samriddhi Yojna
56. What happens to marginal cost when average cost increases
a) Marginal cost is below average cost
b) Marginal cost is above average cost
c) Marginal cost is equal to average variable cost
d) Marginal cost is equal to average cost
b) Marginal cost is above average cost
c) Marginal cost is equal to average variable cost
d) Marginal cost is equal to average cost
Answer: Marginal cost is above average cost
57. Development means economic growth with
a) price stability
b) social change
c) inflation
d) deflation
b) social change
c) inflation
d) deflation
Answer: social change
58. Which one of the following is more effective in controlling prices in the long run?
a) decrease in production
b) increase in production
c) decrease in the rate of interest
d) increase in the rate of employment
b) increase in production
c) decrease in the rate of interest
d) increase in the rate of employment
Answer: increase in production
59. Through open market operations, the RBI purchase and sell
a) foreign exchange
b) gold
c) government securities
d) all of these
b) gold
c) government securities
d) all of these
Answer: all of these
60. A firm is said to be of optimum size when
a) average total cost is at a minimum
b) marginal cost is at a minimum
c) marginal cost is equal to marginal revenue
d) the firm is maximizing its profit
b) marginal cost is at a minimum
c) marginal cost is equal to marginal revenue
d) the firm is maximizing its profit
Answer: average total cost is at a minimum
61. All revenues received, loans raised and money received in repayment of loans by the Union government go into
a) Public account of India
b) Contingency fund of India
c) Consolidated fund of India
d) None of the above
b) Contingency fund of India
c) Consolidated fund of India
d) None of the above
Answer: Consolidated fund of India
62. The law of demand states that
a) demand increases with increase in income
b) when income and prices rise, the demand also rises
c) when price falls, demand increases
d) when price increases, demand increases
b) when income and prices rise, the demand also rises
c) when price falls, demand increases
d) when price increases, demand increases
Answer: Consolidated fund of India
63. The balance of payment comprises
a) a current account of goods and services only
b) a capital account of financial assets only
c) official settlement accounts only
d) all of these
b) a capital account of financial assets only
c) official settlement accounts only
d) all of these
Answer: all of these
64. What is Net National Product?
a) The money value of final goods and services produced annually in the economy
b) The money value of annual service generation in the economy
c) The money value of tangible goods produced annually in the economy
d) The money value of tangible goods available in the economy
b) The money value of annual service generation in the economy
c) The money value of tangible goods produced annually in the economy
d) The money value of tangible goods available in the economy
Answer: The money value of final goods and services produced annually in the economy
65. Other things being equal, what causes a decrease in demand?
a) rise in the price of the substitute
b) fall in the price of the commodity
c) rise in the income of the consumer
d) rise in the price of the commodity
b) fall in the price of the commodity
c) rise in the income of the consumer
d) rise in the price of the commodity
Answer: rise in the price of the commodity
66. Deflation is
a) deficit budget
b) reduction in taxation
c) contraction in volume of money or credit that results in a decline of price level
d) increase in public expenditure
b) reduction in taxation
c) contraction in volume of money or credit that results in a decline of price level
d) increase in public expenditure
Answer: contraction in volume of money or credit that results in a decline of price level
67. Bank rate means
a) interest rate charged by moneylenders
b) interest rate charged by scheduled banks
c) rate of profit of the banking institution
d) the official rate of interest charged by the central bank of the country
b) interest rate charged by scheduled banks
c) rate of profit of the banking institution
d) the official rate of interest charged by the central bank of the country
Answer: the official rate of interest charged by the central bank of the country
68. Which agency estimates the national income of India?
a) Reserve Bank of India
b) Planning Commission
c) Ministry of Finance
d) Central Statistical Organization
b) Planning Commission
c) Ministry of Finance
d) Central Statistical Organization
Answer: Central Statistical Organization
69. What is Gross National Product?
a) the total output of goods and services produced by the country’s economy
b) the total domestic and foreign output claimed by residents of the country
c) the sum of gross domestic product and investment
d) national income minus national expenditure
b) the total domestic and foreign output claimed by residents of the country
c) the sum of gross domestic product and investment
d) national income minus national expenditure
Answer: the total domestic and foreign output claimed by residents of the country
70. The Government of India acquired the ownership and control of major banks in 1969 whose deposits were not less than
a) Rs 40 crore
b) Rs 50 crore
c) Rs 60 crore
d) Rs 80 crore
b) Rs 50 crore
c) Rs 60 crore
d) Rs 80 crore
Answer: Rs 50 crore
71. What are costs which vary with output called?
a) overhead costs
b) indirect costs
c) prime costs
d) all of the above
b) indirect costs
c) prime costs
d) all of the above
Answer: overhead costs
72. Which of the following is known as plastic money?
a) bearer cheques
b) credit cards
c) demand drafts
d) gift cheques
b) credit cards
c) demand drafts
d) gift cheques
Answer: Credit Card
73. To get the Net National Product, we deduct what from the Gross National Product?
a) direct taxes
b) imports
c) interim payments
d) loss
b) imports
c) interim payments
d) loss
Answer: Loss
74. What is the main purpose of currency?
a) standard of postponed payments
b) standard of money
c) medium of exchange
d) none of these
b) standard of money
c) medium of exchange
d) none of these
Answer: medium of exchange
75. What does devaluation of a currency mean?
a) decrease in the internal value of money
b) decrease in the external value of money
c) decrease both in the external and internal values of money
d) none of these
b) decrease in the external value of money
c) decrease both in the external and internal values of money
d) none of these
Answer: decrease in the external value of money
76. Which of the following is not a direct tax?
a) estate duty
b) agricultural income tax
c) state excise
d) corporation tax
b) agricultural income tax
c) state excise
d) corporation tax
Answer: agricultural income tax
77. Which one of the following was set up during the Seventh Five Year Plan to help the low income groups?
a) NABARD
b) Regional rural bank
c) National Housing Bank
d) UTI Bank
b) Regional rural bank
c) National Housing Bank
d) UTI Bank
Answer: NABARD
78. The launching of five year plans in India saw the introduction of
a) mixed economy
b) socialist economy
c) capitalist economy
d) closed economy
b) socialist economy
c) capitalist economy
d) closed economy
Answer: mixed economy
79. Land development banks in India are owned by the
a) RBI
b) State governments
c) Commercial banks
d) Cooperative societies
b) State governments
c) Commercial banks
d) Cooperative societies
Answer: Cooperative societies
80. Which of the following taxes is levied and collected by the union, but assigned to the states?
a) sales tax
b) octroi
c) excise
d) consignment tax
b) octroi
c) excise
d) consignment tax
Answer: consignment tax
81. Which is the largest commercial bank in India?
a) Reserve Bank of India
b) State Bank of India
c) ICICI Bank
d) Bank of India
b) State Bank of India
c) ICICI Bank
d) Bank of India
Answer: State Bank of India
82. Bank of Hindustan is the oldest bank in India. When did it start functioning?
a) 1990
b) 1770
c) 1885
d) 1892
b) 1770
c) 1885
d) 1892
Answer: 1770
83. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
a) Reserve Bank of India
b) Imperial Bank of India
c) Bank of India
d) Union Bank of India
b) Imperial Bank of India
c) Bank of India
d) Union Bank of India
Answer: Imperial Bank of India
84. When was the Reserve Bank of India established?
a) 1935
b) 1920
c) 1928
d) 1947
b) 1920
c) 1928
d) 1947
Answer: 1935
85. When was the Imperial Bank of India nationalized to form the State Bank of India?
a) 1947
b) 1949
c) 1951
d) 1955
b) 1949
c) 1951
d) 1955
Answer: 1955
86. The Reserve Bank of India was nationalized in?
a) 1947
b) 1948
c) 1950
d) 1956
b) 1948
c) 1950
d) 1956
Answer: 1948
87. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
a) National Bank
b) Cooperative Bank
c) Scheduled Bank
d) Unscheduled Bank
b) Cooperative Bank
c) Scheduled Bank
d) Unscheduled Bank
Answer: Scheduled Bank
88. The Export-Import (EXIM) Bank was set up in
a) 1982
b) 1983
c) 1987
d) 1980
b) 1983
c) 1987
d) 1980
Answer: 1982
89. Which of the following has the sole right of issuing paper notes in India?
a) Union Government
b) Reserve Bank of India
c) Ministry of Finance
d) Supreme Court
b) Reserve Bank of India
c) Ministry of Finance
d) Supreme Court
Answer: Reserve Bank of India
90. In India, coins and subsidiary coins are issued by
a) Union Government
b) Reserve Bank of India
c) Ministry of Finance
d) Supreme Court
b) Reserve Bank of India
c) Ministry of Finance
d) Supreme Court
Answer: Ministry of Finance
91. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
a) State Bank of India
b) Reserve Bank of India
c) Ministry of Finance
d) Union Parliament
b) Reserve Bank of India
c) Ministry of Finance
d) Union Parliament
Answer: Reserve Bank of India
92. When was the International Monetary Fund (IMF) established?
a) 1944
b) 1945
c) 1948
d) 1950
b) 1945
c) 1948
d) 1950
Answer: 1944
93). Decision taken at Bretton Woods Conference led to the formation of
a) IDA
b) IMF
c) ADB
d) IFC
b) IMF
c) ADB
d) IFC
Answer: IMF
94. The International Bank for Reconstruction and Development (IBRD) is better known as
a) World Bank
b) Asian Development Bank
c) IMF
d) It is known by its name
b) Asian Development Bank
c) IMF
d) It is known by its name
Answer: World Bank
95. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
a) Asian Development Bank
b) IMF
c) International Developmental Association
d) International Finance Corporation
b) IMF
c) International Developmental Association
d) International Finance Corporation
Answer: International Developmental Association
96. The International Finance Corporation (IFC) was established in?
a) 1956
b) 1972
c) 1985
d) 1960
b) 1972
c) 1985
d) 1960
Answer: 1956
97. Where is the headquarters of Asian Development Bank (ADB) situated?
a) Manila
b) Delhi
c) Bangkok
d) Hong Kong
b) Delhi
c) Bangkok
d) Hong Kong
Answer: Manila
98. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
a) Asian Development Bank
b) IMF
c) International Developmental Association
d) International Finance Corporation
b) IMF
c) International Developmental Association
d) International Finance Corporation
Answer: International Finance Corporation
99. Who is known as the ‘Father of Economics’?
a) Adam Smith
b) Chanakya
c) Machiavelli
d) None of these
b) Chanakya
c) Machiavelli
d) None of these
Answer: Adam Smith
100. Which was the first Indian Bank to introduce credit card?
a)Central Bank of India
b) SBI
c)Axis Bank
d) ICICI
b) SBI
c)Axis Bank
d) ICICI
Answer: Central Bank of India
101. When did India become a member of the IMF?
a) 1947
b) 1956
c) 1960
d) 1951
b) 1956
c) 1960
d) 1951
Answer: 1947
102. Euro is the currency of European Union. When did it come into being?
a) 1999
b) 1995
c) 2000
d) 2001
b) 1995
c) 2000
d) 2001
Answer: 1999
103. When did the Foreign Exchange Regulation Act (FERA) come into being?
a) 1973
b) 1975
c) 1980
d) 1981
b) 1975
c) 1980
d) 1981
Answer: 1973
104. When did Regional Rural Banks start functioning in India?
a) 1975
b) 1947
c) 1956
d) 1960
b) 1947
c) 1956
d) 1960
Answer: 1975
105. In India, income tax is levied by
a) Union Government
b) State Governments
c) Ministry of Finance
d) RBI
b) State Governments
c) Ministry of Finance
d) RBI
Answer: Union Government
106. The Securities and Exchange Board of India (SEBI) was established in
a) 1992
b) 1947
c) 1990
d) 1976
b) 1947
c) 1990
d) 1976
Answer: 1992
107. Which Five-year Plan is being implemented at present?
a) Eleventh
b) Eighth
c) Ninth
d) Tenth
b) Eighth
c) Ninth
d) Tenth
Answer: Eleventh
108. Which of the following is not a direct tax?
a) Sales tax
b) Income tax
c) Wealth tax
d) Estate duty
b) Income tax
c) Wealth tax
d) Estate duty
Answer: Sales Tax
109. Who is the ex-officio chairman of Planning Commission?
a) Prime Minister
b) President
c) Chief Justice of Supreme Court
d) Speaker of Lok Sabha
b) President
c) Chief Justice of Supreme Court
d) Speaker of Lok Sabha
Answer: Prime Minister
110. The Indian economy is
a) Capitalist
b) Socialistic
c) Mixed
d) Federal
b) Socialistic
c) Mixed
d) Federal
Answer: Mixed
111. Which certification indicates a guarantee of quality for agricultural food products like ghee, honey, etc.?
a) ISI
b) Agmark
c) BIS
d) All of above
b) Agmark
c) BIS
d) All of above
Answer: Agmark
112. Who was the first chairman of the Planning Commission?
a) Dr. S. Radhakrishnan
b) Jawaharlal Nehru
c) Dr. Rajendra Prasad
d) Dr. M. Vishveshwaraya
b) Jawaharlal Nehru
c) Dr. Rajendra Prasad
d) Dr. M. Vishveshwaraya
Answer: Jawaharlal Nehru
113. Who is the Deputy Chairman of Planning Commission at present?
a) Montek Singh Ahluwalia
b) B Balakrishnan
c) Manmohan Singh
d) Anil Kakodkar
b) B Balakrishnan
c) Manmohan Singh
d) Anil Kakodkar
Answer: Montek Singh Ahluwalia
114. In India farm credit is regulated by
a) SBI
b) RBI
c) NABARD
d) Union Government
b) RBI
c) NABARD
d) Union Government
Answer: NABARD
115. The term of the 11th Five Year Plan is
a) 2007 – 2012
b) 2005 – 2010
c) 2008 – 2013
d) 2006 – 2011
b) 2005 – 2010
c) 2008 – 2013
d) 2006 – 2011
Answer: 2007 – 2012
116. When was the Tata Iron & Steel Company set up at Jamshedpur?
a) 1907
b) 1911
c) 1914
d) 1921
b) 1911
c) 1914
d) 1921
Answer: 1907
117. In terms of size what position does the Indian economy occupy in the world?
a) 10th
b) 12th
c) 7th
d) 9th
b) 12th
c) 7th
d) 9th
Answer: 12th
118. When was the General Insurance Corporation of India formed?
a) 1982
b) 1972
c) 1956
d) 1935
b) 1972
c) 1956
d) 1935
Answer: 1972
119. Which Five-Year Plan had adopted ‘Removal of Poverty’ as its foremost objective?
a) Second
b) Third
c) Fourth
d) Sixth
b) Third
c) Fourth
d) Sixth
Answer: Sixth
120. During the financial year 2007- 08 India recorded a GDP growth of
a) 8%
b) 8.5%
c) 9.1%
d) 9.7%
b) 8.5%
c) 9.1%
d) 9.7%
Answer: 9.1%
121. The economic liberalization was introduced in
a) 1991
b) 1990
c) 1985
d) 1988
b) 1990
c) 1985
d) 1988
Answer: 1991
122. Which industry provides the largest employment in India?
a) Chemicals
b) Textiles
c) Iron and steel
d) Jute
b) Textiles
c) Iron and steel
d) Jute
Answer: Textiles
123. The highest denomination banknote being in circulation in India is
a) 500 rupee note
b) 1000 rupee note
c) 5000 rupee note
d) 2000 rupee note
b) 1000 rupee note
c) 5000 rupee note
d) 2000 rupee note
Answer: 1000 rupee note
124. Which period did the First Five-year Plan cover?
a) 1947-52
b) 1951-56
c) 1950-55
d) 1952-57
b) 1951-56
c) 1950-55
d) 1952-57
Answer: 1951-56
125. Who finally approves the Five-Year Plan?
a) The President
b) The Prime Minister
c) The National Development Council
d) The Planning Commission
b) The Prime Minister
c) The National Development Council
d) The Planning Commission
Answer: The National Development Council
126. When was the Decimal currency system introduced in India?
a) January 1955
b) April 1955
c) April 1951
d) April 1957
b) April 1955
c) April 1951
d) April 1957
Answer: April 1957
127. The Indian rupee is a legal tender in two other countries. One is Nepal. The other is
a) Pakistan
b) Sri Lanka
c) Bhutan
d) Afghanistan
b) Sri Lanka
c) Bhutan
d) Afghanistan
Answer: Bhutan
128. Kerala’s shores are famous for the deposits of
a) Copper
b) Coal
c) Thorium
d) Iron ore
b) Coal
c) Thorium
d) Iron ore
Answer: Thorium
129. Which of the following taxes is the largest source of revenue for the Government of India?
a) Excise
b) Customs
c) Income tax
d) Corporation tax
b) Customs
c) Income tax
d) Corporation tax
Answer: Excise
130. The National Stock Exchange (NSE) is located at
a) Mumbai
b) New Delhi
c) Madras
d) Calcutta
b) New Delhi
c) Madras
d) Calcutta
Answer: Mumbai
131. The aim of which Five Year Plan was to correct the disequilibrium in the economy?
a) First Five year plan
b) Second Five year plan
c) Third Five year plan
d) Fourth five year plan
b) Second Five year plan
c) Third Five year plan
d) Fourth five year plan
Answer: First Five year plan
132. Which of the following is the Central bank of India?
a) State Bank of India
b) Reserve bank of India
c) Imperial Bank of India
d) Punjab National bank
b) Reserve bank of India
c) Imperial Bank of India
d) Punjab National bank
Answer: Reserve bank of India
133. The Reserve Bank of India came into existence on
a) April 1, 1936
b) January 26, 1894
c) August 15, 1947
d) April 1, 1947
b) January 26, 1894
c) August 15, 1947
d) April 1, 1947
Answer: April 1, 1936
134. Which of the following was the first Indian bank?
a) Bank of Baroda
b) Bank of Hindustan
c) Punjab National Bank
d) State Bank of India
b) Bank of Hindustan
c) Punjab National Bank
d) State Bank of India
Answer: Bank of Hindustan
135. In which of the following years was power development initiated in India?
a) 1900
b) 1905
c) 1911
d) 1915
b) 1905
c) 1911
d) 1915
Answer: 1900
136. How many banks were nationalized in 1969?
a) 10
b) 12
c) 13
d) 14
b) 12
c) 13
d) 14
Answer: 14
137. Who was the Prime Minister of India when nationalization of banks took place in 1969?
a) Indira Gandhi
b) Jawaharlal Nehru
c) Lal Bahadur Shastri
d) Morarji Desai
b) Jawaharlal Nehru
c) Lal Bahadur Shastri
d) Morarji Desai
Answer: Indira Gandhi
138. At which of the following places was the first hydroelectric power station commissioned?
a) Chambal
b) Damodar
c) Mandi
d) Shivasamudram
b) Damodar
c) Mandi
d) Shivasamudram
Answer: Shivasamudram
139. Garland canal project envisages the conservation of water resources in the country through the construction of
a) dams
b) canals
c) embankments
d) none of these
b) canals
c) embankments
d) none of these
Answer: Canals
140. The largest percentage of bonded labour in India belongs to
a) scheduled castes
b) scheduled tribes
c) other backward classes
d) none of these
b) scheduled tribes
c) other backward classes
d) none of these
Answer: scheduled tribes
141. In which of the following year was the mining of coal started in India?
a) 1775
b) 1774
c) 1800
d) 1805
b) 1774
c) 1800
d) 1805
Answer: 1774
142. Which of the following is India’s biggest dam?
a) Bhakra Nangal
b) Hirakud
c) Farakka
d) Pong Dam
b) Hirakud
c) Farakka
d) Pong Dam
Answer: Bhakra Nangal
143. On which river is the Pong Dam hydro electric power project built?
a) Ganga
b) Ravi
c) Beas
d) Hughly
b) Ravi
c) Beas
d) Hughly
Answer: Beas
144. In India which crop is sown on the largest area?
a) Jowar
b) wheat
c) tobacco
d) rice
b) wheat
c) tobacco
d) rice
Answer: Rice
145. Bakra Nangal is a joint project of Haryana, Punjab and Rajasthan. On which river is this built?
a) Yamuna
b) Sindhu
c) Sutlej
d) Ravi
b) Sindhu
c) Sutlej
d) Ravi
Answer: Sutlej
146. On which river is the Hirakud dam built?
a) Godavari
b) Kaveri
c) Mahanadi
d) Narmada
b) Kaveri
c) Mahanadi
d) Narmada
Answer: Mahanadi
147. On which river is the Tehri dam built?
a) Alakananda
b) Bhagirathi
c) Ganga
d) Hooghly
b) Bhagirathi
c) Ganga
d) Hooghly
Answer: Bhagirathi
148. Which Indian state leads in the production of rubber?
a) Tamil Nadu
b) Kerala
c) Karnataka
d) Gujarat
b) Kerala
c) Karnataka
d) Gujarat
Answer: Kerala
149. Which Indian state tops in the production of gypsum?
a) Gujarat
b) Rajasthan
c) Kerala
d) Karnataka
Answer: Rajasthan
b) Rajasthan
c) Kerala
d) Karnataka
Answer: Rajasthan
150. Into how many PIN code zones is India divided?
a) eight
b) seven
c) six
d) nine
b) seven
c) six
d) nine
Answer: Eight
151. Which state has the highest percentage of people living below the poverty line?
a) Uttar Pradesh
b) Orissa
c) Bihar
d) Madhya Pradesh
b) Orissa
c) Bihar
d) Madhya Pradesh
Answer: Orissa
152. Which of the following is the most populous city in India?
a) Mumbai
b) Delhi
c) Kolkatta
d) Chennai
b) Delhi
c) Kolkatta
d) Chennai
Answer: Mumbai
153. Which Indian state has the lowest percentage of people living below the poverty line?
a) Punjab
b) Gujarat
c) Karnataka
d) Maharashtra
b) Gujarat
c) Karnataka
d) Maharashtra
Answer: Punjab
154. Which Indian state has the highest per capita income?
a) Haryana
b) Punjab
c) Uttar Pradesh
d) Karnataka
b) Punjab
c) Uttar Pradesh
d) Karnataka
Answer: Punjab
155. Which Indian state stands first in the production of coffee?
a) Kerala
b) Karnataka
c) Assam
d) Gujarat
b) Karnataka
c) Assam
d) Gujarat
Answer: Karnataka
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