Question: 1. The tax reform committee headed by Prof Raja J. Chelliah has recommended extensive reform in structure of________
Question: 2. How many state Finance Corporations are working in India at present?
Question: 3. Under the amended Sick Industrial Companies Act (SICA)________have been brought under the jurisidication of the Board for Industrial and Financial Reconstructions (BIFR) which will now decide whether these units law be effectively revived or whether they should be closed down.
Ans: Public sector undertakings
Question: 4. The Rangrajan Committee was established for a study into________
Ans: Disinvestment of shares in public sector enterprise
Question: 5. The amended Foreign Exchange Regulation Act (FERA), 1973 has removed controls on________
Ans: India Firms setting up joint tenures abroad and allowed Indians to hold immovable property aboard
Question: 6. Which sector is at the top in Industrial production Index?
Question: 7. What percentage of country’s demand for natural rubber is met by indigenous production?
Question: 8. Bhandari Committee was related to
Ans: Reconstruction of RRB.
Question: 9. The balance of payments continued to be under pressure during the seventh plan because of
Ans: Deceleration in growth of domestic oil production Unisatisfactory growth in our exports sector
Question: 10. “Socialist Pattern” comes through ________
Ans: Mixed economy
Question: 11. A market economy is one in which ________
Ans: Product and factors are bought and sold
Question: 12. Who wrote a book describing the theory of economic drain of India during British rule?
Ans: Dadabhai Naroji
Question: 13. In the 8th Five Year Plan foreign borrowing would be limited to ________ of GDP.
Question: 14. In India, present trend of rapid urbanisation is due to ________
Ans: Lack of employment opportunities in rural areas
Question: 15. Economic development has been retarded in India mainly due to ________
Ans: Westernised social attitudes
Question: 16. In a free economy inequalities of income are mainly due to ________
Ans: Private property and in-heritance
Question: 17. Name the committee which was set up to review the methodology for the estimation of cost of production of crop and adjustment of procurement/support prices.
Ans: Hanumantha Rao ommittee
Question: 18. First Share market in India was established in
Question: 19. The headquarters of ILO is at
Question: 20. The difference between GDP and NDP is ____
Ans: Consumption of fixed capital
Question: 21. Which country produces maximum tea in the world__
Question: 22. National Sample Survery (NSS) was established in
Question: 23. ‘Trust card’ has been launched by
Question: 24. The share percentage of sponsor bank in the equity of Regional Rural Banks is
Question: 25. Which state ensures the maximum production of coffee in India?
Question: 26. The apex organisation of industrial finance in India is
Question: 27. The term GNP incorporates the economic activity by taking into account ________
Ans: The nationals of the country and their property
Question: 28. The depreciation is deducted from GNP in order to estimate NNP because the national income economists ________
Ans: Desire to keep intact the total physical productivity of the capital goods
Question: 29. Which Bank is a subsidiary of RBI?
Ans: National Housing Bank
Question: 30. Multidimensional Poverty Index is a new Index being included in
Ans: Human Development Report
Question: 31. Who is the chairman of 7th Pay Commission?
Ans: Ashok Kumar Mathur
Question: 32. Who wrote, “The General Theory of Employment, Interest and Money”?
Ans: J.M. Keynes
Question: 33. The difference between GNP at market price and GDP at market price is equal to ________
Ans: Net property income from abroad
Question: 34. Which measures does not include final goods and services?
Ans: Disposable income
Question: 35. National Income is the ________
Ans: Sum total of factor incomes
Question: 36. Which method should be used to estimate national income of a predominantly agricultural economy?
Ans: Production method
Question: 37. Subsidies mean ________
Ans: Payment by Government to business enterprises without buying any goods and services
Question: 38. As per the WTO’s International Trade Statistics 2013, India’s share in Global exports is
Question: 39. Depreciation means ________
Ans: Loss of equipment over time due to wear and tear
Question: 40. National product at market prices is higher than ________
Ans: National product at factory cost
Question: 41. National product at market prices is higher than national product at factor cost by the amount of ________
Ans: Indirect taxes minus sub-sidies
Question: 42. A major part of a country’s output is normally used for ________
Ans: Private consumption
Question: 43. A growing country is one with ________
Ans: Rising GNP at constant prices
Question: 44. Over the time in a country, changes in the average standard of living are measured by ________
Ans: Real per capita income
Question: 45. For a study of the long-term growth of the economy we use ________
Ans: Real GNP
Question: 46. A deflator is a technique of ________
Ans: Adjusting for changes in price level
Question: 47. India’s rank in Global Competitiveness Index 2014-15 is
Question: 48. Which year is known as ‘Year of the Great Divide’ with regard to population growth in India?
Question: 49. Which Foreign Bank has the highest number of branches in India?
Ans: Standard Chartered Bank
Question: 50. How many national commodity exchanges do exist in India after including ICEX in the series?