Indian Economics

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16 Imperial Bank was constituted in the year :

A
1930
B
1935
C
1955
D
1921

17 Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

A
115 crores of rupees
B
85 crores of rupees
C
200 crores of rupees
D
210 crores of rupees

18 In India the largest single item of current government expenditure is :

A
Defence Expenditure
B
Interest payment of debt
C
Payment of subsidies
D
Investment in social overheads

19 What is known as the open market operation of the RBI ?

A
Buying and selling of stocks
B
Auctioning of foreign exchange
C
Trading in securities
D
Transactions in gold

20 RBI does not transact the buiness of which of the following state governmets ?

A
Nagaland
B
Assam
C
J & K
D
Rajasthan

21 The largest component of National Income in India is :

A
Service Sector
B
Agriculture
C
Industrial Sector
D
Trade Sector

22 A Scheduled Bank is one which is included in the

A
II Schedule of Banking Regulation Act
B
II Schedule of Constit-ution
C
II Schedule of Reserve Bank of India Act
D
None of the above

23 Per Capita income is maximum in which of the following states in India?

A
Himachal Pradesh
B
Punjab
C
Gujarat
D
Goa

24 Which of the following is an open market operation of the RBI ?

A
Buying and selling of shares
B
Trading in securities
C
Transactions in gold
D
Lending to commercial banks

25 The first state owned company from India to be listed on the New York Stock Exchange is :

A
Videsh Sanchar Nigam Ltd.
B
Mahanagar Telephone Nigam Ltd.
C
Tata Iron and Steel Company
D
Wipro

26 In the post-independence period, economic reforms were first introduced in India under

A
P.V. Narasimha Rao Government (1990)
B
Indira Gandhi Government (1980)
C
Rajiv Gandhi Government (1985)
D
Janata Party Government (1977)

27 Which of the following is the largest employer in India?

A
Food Corporation of India
B
Posts and Telegraphs Department
C
Indian Railways
D
Steel Authority of India

28 The highest foreign exchanged earners have been the export of :

A
engineering goods
B
gems and jewellery
C
minerals
D
tea

29 The Planning Commission of India was constituted in the year

A
1942
B
1947
C
1950
D
1955

30 The best example of a capital intensive industry in India is :

A
Textile Industry
B
Steel Industry
C
Tourism Industry
D
Sports Goods Industry