Indian Economics

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121 The fourteen major banks in India were nationalised in the year

A
1967
B
1968
C
1969
D
1971

122 Which is the first Public Sector Corporation of independent India?

A
Hindustan Steel Corporation, Bhilai
B
State Trading Corporation of India
C
Food Corporation of India
D
Damodar Valley Corporation

123 Plan Holiday was declared after

A
The First Five Year Plan
B
The Second Five Year Plan
C
The Third Five Year Plan
D
The Fourth Five Year Plart

124 Match the Indian and foreign companies as joint ventures in the field of life insurance : Indian Company A. Tata B. ICICI Ltd. C. Bajaj Ltd. D. HDFC Bank Foreign Company 1. AIG 2. Standard Life Insurance 3. Prudential Life Insurance 4. Allianz Codes : AB CD

A
1 3 4 2
B
2 4 3 1
C
4 1 2 3
D
3 4 1 2

125 Which authority recommends the principles governing the grantsin-aid of the revenues of the states out of the Consolidated Fund of India?

A
Public Accounts Committee
B
Union Ministry of Finance
C
Finance Commission
D
Inter-State Council

126 Which one of the following is an example for Non-Banking Financial institution ?.

A
RBI
B
SBI
C
IOB
D
LIC

127 How does the consumer benefit with VAT ?

A
It removes tax on tax and thus reduces prise-rise
B
Reduces the cost of production
C
With the abolition of the sales tax
D
Due to the exemption of small businesses from the tax within certain limits prescribed by the State

128 Which of the following is not in the infrastructure sector?

A
Power generation
B
Construction of roads
C
Food production
D
Expansion of air ports

129 Reserve Bank of India keeps some securities against notes. These securities are always less in comparison to :

A
Gold and foreign bonds
B
Gold
C
Government bonds
D
Gold, foreign bonds and Government bonds.

130 The biggest item of India’s imports is :

A
Iron ore
B
Mica
C
Petroleum products
D
Gems and jewellery

131 The official agency responsible for estimating National Income in India is :

A
Indian Statistical Institute
B
Reserve Bank of India
C
Central Statistical Organisation
D
National Council for Applied Economics and Research

132 The financial capital of India is :

A
Mumbai
B
Chennai
C
Delhi
D
Chandigarh

133 Which is the biggest tax paying sector in India?

A
Agriculture sector
B
Industrial sector
C
Transport sector
D
Banking sector

134 Token privatisation or deficit privatisation of public sector units occur when the government sells

A
5% of shares
B
10% of shares
C
15 % of shares
D
20% of shares

135 Which one of the following is not an objective of Fiscal Policy in India?

A
Full Employment
B
Price Stability
C
Equitable Distribution of Wealth and Incomes
D
Regulation of International Trade