Monday, April 11, 2011
India Budget 2011-12 OBJECTIVE QUESTIONS
(A) 7.6 percent of GDP
(B) 6.6 percent of GDP
(C) 5.6 percent of GDP
(D) 4.6 percent of GDP
2) The Gross Tax Receipts are estimated at Rs ...........crore (D)
(A) 2,32,440
(B) 4,32,440
(C) 8,32,440
(D) 9,32,440
3) The total expenditure proposed for 2011-12 is Rs ............ crore, (B)
(A) 2,57,729
(B) 12,57,729
(C) 22,57,729
(D) 32,57,729
4) A sum of Rs......... crore has been provided to enable public sector banks to maintain a minimum Tier I CRAR at 8 per cent. (C)
(A) 20000
(B) 40000
(C) 60000
(D) 80000
5) Indian Micro Finance Equity Fund of Rs ........ to be created with SIDBI as per budget 2011-12 plan. (A)
(A) 100 crore
(B) 1000 crore
(C) 10000 crore
(D) 3567 crore
6) Women’s SHG’s Development Fund with a corpus of Rs ........ has been proposed. (A)
(A) 500 crore
(B) 600 crore
(C) 700 crore
(D) 800 crore
7) Bharat Nirman does not includes ? (D)
(A) Pradhan Mantri Gram Sadak Yojna (PMGSY),
(B) Accelerated Irrigation Benefit Pro gramme
(C) National Rural Drinking Water Programme
(D) Indira Gandhi National Old Age Pension Scheme for BPL
8) Government expects economy to grow at ........% in 2011-12. (B)
(A) 9.5
(B) 9
(C) 8.5
(D) 8
9) Government debt is About ......% of GDP as per budget 2011-12 (A)
(A) 44.2
(B) 45.2
(C) 46.2
(D) 47.2
10) Iron ore export duty hiked to ...........per cent. (C)
(A) 16
(B) 18
(C) 20
(D) 22
11) Nominal GDP growth of ........ per cent has been projected in Budget 2011-12 (A)
(A) 14
(B) 13
(C) 12
(D) 11
12) New limit for investment by foreign institutional investors in corporate bonds is $.......billion. (B)
(A) 30
(B) 40
(C) 50
(D) 60
13) Corporate surcharge has been reduced to............% (C)
(A) 3
(B) 4
(C) 5
(D) 6
14) New increased rate of MAT is ..........%. (B)
(A) 15.5
(B) 18.5
(C) 21.5
(D) 24.5
15) Disinvestment target for 2011-12 has been placed at Rs ........ crore. (A)
(A) 40000
(B) 80000
(D) 120000
(D) 160000
APPSC GROUP-II INDIAN ECONOMY PRACTICE QUESTIONS
(A) Edwin Canon
(B) Adam Smith
(C) 3. M. Keynes
(D) Dalton
Ans: (B)
2. Protection means—
(A) Restrictions imposed on import trade
(B) Protection to home goods
(C) No free exchange of good and services between two countries
(D) All of these
Ans: (D)
3. Reserve Bank of India—
(A) Provides direct finance to agriculture
(B) Provides finance to primary co-operative societies
(C) Provides finance to state co-operative banks
(D) Does not provide finance to agriculture
Ans: (C)
4. In which sector of the Indian economy is productivity the highest?
(A) Manufacturing
(B) Transport, communication and commerce
(C) Agriculture
(D) Other sectors
Ans: (A)
5. When the price Of a substitute of commodity X falls, the demand for X—
(A) Rises
(B) Falls
(C) Remains unchanged
(D) None of these
Ans: (B)
6. Which of the following is not a part of national income?
(A) Wages and Salaries
(B) Profits
(C) Rent
(D) Interest on national debt.
Ans: (D)
7. Fixed cost is known as—
(A) Special cost
(B) Direct cost
(C) Prime cost
(D) Overhead cost
Ans: (D)
8. If tea and coffee are substitutes, a reduction in the price of coffee will—
(A) Increase the sale of tea
(B) Decrease the sale of coffee
(C) Increase the sale of coffee
(D) Decrease the price of tea
Ans: (C)
9. According to Lord Keynes, interest rate is determined by the supply and demand for—
(A) Savings
(B) Loanable funds
(C) Money
(D) Capital goods
Ans: (C)
10. Which of the following is the indirect tax?
(A) Wealth Tax
(B) Capital gains Tax
(C) Excise duty
(D) Corporation Tax
Ans: (C)
11. If. the price of Pepsi decreases relative to the price of coke and 7-up, the demand for—
(A) Coke will decrease
(B) 7-up will decrease
(C) Coke and 7-up will increase
(D) Coke and 7-up will decrease
Ans. (D)
12. Who initiated open economy system in Indian economy?
(A) Pranab Mukherjee
(B) Dr. Manmohan Singh
(C) I. G. Patel
(D) Madhu Dandvate
Ans. (B)
13. Reserve Banks of India was established on—
(A) 1 January, 1934
(B) 1 April, 1934
(C) 1 January, 1935
(D) 1 April, 1935
Ans. (D)
14. The first Indian Bank in totality was—
(A) State Bank of India
(B) Presidency Bank of Calcutta
(C) Traders Bank
(D) Punjab National Bank
Ans. (D)
15. Basic difference between Reserve Bank and other banks is that it—
(A) Issues foreign exchange
(B) Acts as banker to the government
(C) Issues agricultural loans
(D) Finances sick industries
Ans. (B)
Saturday, March 12, 2011
INDIAN ECONOMY MULTIPLE CHOICE QUESTIONS
(A) 35
(B) 21
(C) 81
(D) 106
Ans : (B)
2. From 2nd November, 2010, the Repo Rate has been fixed at—
(A) 3•5%
(B) 5•5%
(C) 4•5%
(D) 6•25%
Ans : (D)
3. The target company of making ‘Cell phone’ in the world is—
(A) Samsung
(B) Panasonic
(C) Nokia
(D) Motorola
Ans : (C)
4. For 2010-11, the CSO has predicted India’s GDP growth at—
(A) below 7%
(B) 8•6%
(C) 8•5%
(D) 9•5%
Ans : (B)
5. Which Indian city has the highest population?
(A) Kolkata
(B) New Delhi
(C) Chennai
(D) Mumbai
Ans : (D)
6. National Sample Survey Organisation (NSSO) was established in—
(A) 1950
(B) 1951
(C) 1952
(D) 1947
Ans : (A)
7. Which of the following Indian company has been listed at the top in Forbes-2000 list ?
(A) RIL
(B) ONGC
(C) IOL
(D) NTPC
Ans : (A)
8. Which state stands first in the length of roads in the country ?
(A) U. P.
(B) M. P.
(C) Maharashtra
(D) Rajasthan
Ans : (C)
9. On November 2, 2010 the Reserve Bank of India has fixed Reverse Repo Rate at—
(A) 6•25%
(B) 4•25%
(C) 5•0%
(D) 5•25%
Ans : (D)
10. Total receipts from service tax during 2011-12 has been estimated at—
(A) Rs. 58000 crore
(B) Rs. 82000 crore
(C) Rs. 78000 crore
(D) Rs. 88000 crore
Ans : (B)
11. From November 7, 2009, the SLR has been fixed at—
(A) 24%
(B) 26%
(C) 25•5%
(D) 25%
Ans : (D)
12. What minimum support price (per quintal) for the rabi 2010-11. Wheat to be marketed during 2011-12 marketing season has been fixed by the Government ?
(A) Rs. 1080
(B) Rs. 1100
(C) Rs. 1120
(D) Rs. 1180
Ans : (C)
13. On 14 January, 2011 the amount of foreign exchange reserves with RBI was—
(A) $ 183 billion
(B) $ 213 billion
(C) $ 233 billion
(D) $ 268 billion
Ans : (D)
14. Three nationalised public sector banks have joined hands with India Infrastructure Finance Co. Ltd. (IIFCL) for funding large infrastructure funds. The bank not including in this race is—
(A) Canara Bank
(B) Punjab National Bank
(C) Syndicate Bank
(D) Vijaya Bank
Ans : (B)
15. When was Focus Market Scheme introduced ?
(A) 2003-04
(B) 2004-05
(C) 2005-06
(D) 2006-07
Ans : (D)
16. The government has purchased the Reserve Bank of India’s ……… per cent stake in the country’s largest bank, the State Bank of India.
(A) 56•73
(B) 59•73
(C) 61•27
(D) 69•73
Ans : (B)
17. CENVAT is associated with—
(A) Direct Tax
(B) Income Tax
(C) Indirect Tax
(D) Service Tax
Ans : (C)
18. Which of the following occupied the highest place in growth rate during the 10th Plan period 2002-2007 ?
(A) Agricultural Sector
(B) Service Sector
(C) Industrial Sector
(D) Mining
Ans : (B)
19. As per the latest estimates of Petroleum Ministry. India’s refining capacity will be increased to …… million tonne per annum by the end of coming 11th plan, i.e., 2011-12.
(A) 210
(B) 220
(C) 230
(D) 240
Ans : (D)
20. Which one has become the 8th member of SAARC ?
(A) China
(B) Afghanistan
(C) Mauritius
(D) Myanmar
Ans : (B)
21. Agriculture sector registered 1•6% growth in 2008-09 and it is estimated for year 2010-11 at—
(A) 4•00%
(B) 4•30%
(C) 5•4%
(D) 3•61%
Ans : (C)
22. After merger, Tata-Corus has become the …… largest steel producer in the World.
(A) 3rd
(B) 4th
(C) 5th
(D) 6th
Ans : (C)
23. Nirmal Bharat Abhiyan Yojana is associated with—
(A) The development of Bihar
(B) Community toilets in slum areas
(C) Construction of houses for low income groups
(D) None of the above
Ans : (B)
24. The estimated World Gross Product for 2010 as declared by the recent report of UNO is—
(A) US $ 95•1 Trillion
(B) US $ 62•22 Trillion
(C) US $ 112•0 Trillion
(D) US $ 118•2 Trillion
Ans : (B)
25. “Pure Banking, Nothing Else” is a slogan raised by—
(A) ICICI Bank
(B) HDFC Bank
(C) SBI
(D) UTI Bank
Ans : (C)
26. “Smart Money” is a term used for—
(A) Internet Banking
(B) Credit Card
(C) Cash with Bank
(D) Cash with Public
Ans : (B)
27. Which one of the following stands at first rank in the list of top 10 steel producers in the world ?
(A) Nippon Steels
(B) Tata-Corus
(C) Arcelor-Mittal
(D) Bao Steel
Ans : (C)
28. Which of the following country has decided not to print its king’s photo on national currency ?
(A) Nepal
(B) Japan
(C) Denmark
(D) None of the above
Ans : (A)
29. The rate of Gross Domestic Savings for the 11th Plan as percentage of GDP is fixed at—
(A) 36•7%
(B) 34•8%
(C) 35•8%
(D) 33•8%
Ans : (B)
30. Who is the present (Nobember 2010) Director of Central Bureau Investigation ?
(A) Jyoti Krishna Dutt
(B) Kiran Mazumdar
(C) Amar Pratap Singh
(D) Arun Balkrishnan
Ans : (C)
31. Oil Refinery at Bhatinda is being established by—
(A) IOC
(B) HPCL
(C) Reliance
(D) BPCL
Ans : (B)
32. The maximum limit of Foreign Direct Investment (FDI) in public sector banking is—
(A) 51%
(B) 50%
(C) 33%
(D) 49%
Ans : (D)
33. Which of the following plan is meant for constructing houses for rural people ?
(A) Indra Avas Yojana
(B) Ambedkar Avas Yojana
(C) PURA
(D) None of the above
Ans : (A)
34. Recently foundation stone of a new rail coach making factory has been laid at—
(A) Saharsa
(B) Rae Bareli
(C) Amethi
(D) Amritsar
Ans : (B)
35. As per the declaration made in Railway Budget 2011-12, how many new Duranto Trains are to be introduced in 2011-12 ?
(A) 15
(B) 12
(C) 11
(D) 9
Ans : (D)
36. As per quick estimate for 2009-010 what is the gross domestic savings (GDS) at market price?
(A) 30•5% of GDP
(B) 33•7% of GDP
(C) 35•5% of GDP
(D) 37•5% of GDP
Ans : (B)
37. Per capita income at factor cost at constant prices (2004-05) for 2009-10 (Revised Estimates) stands at—
(A) Rs. 22580
(B) Rs. 24295
(C) Rs. 38084
(D) Rs. 33731
Ans : (D)
38. As per the latest data released by CSO, what share Indian Agriculture accounts in country’s GDP during 2009-10 ?
(A) 17•1%
(B) 17•6%
(C) 14•1%
(D) 26•6%
Ans : (C)
39. For 11th plan period 2007–2012 savings rate has been targeted at—
(A) 30.8%
(B) 31.6%
(C) 34.8%
(D) 33.6%
Ans : (C)
40. According to Small and Medium Enterprise Development Act, the maximum limit for medium enterprise is—
(A) Rs. 25 lakhs
(B) Rs. 1 crore
(C) Rs. 5 crore
(D) Rs. 10 crore
Ans : (D)
41. Recently, Ministry of Human Resource Development developed a new index termed as ‘Educational Development Index’ (EDI) related to primary and upper primary education.
The state at the top of this index is—
(A) Delhi
(B) Kerala
(C) Tamil Nadu
(D) Andhra Pradesh
Ans : (B)
42. India’s mobile market has been ranked at the……largest market of the world.
(A) Second
(B) Third
(C) Fourth
(D) Fifth
Ans : (B)
43. In 2010-11, contribution of service sector in country’s GDP is estimated at about—
(A) 48•6%
(B) 50•6%
(C) 57•3%
(D) 52•6%
Ans : (C)
44. Hutch-Essar has recently been acquired by—
(A) Bharti Airtel
(B) Vodafone
(C) Reliance
(D) Tata Mobile
Ans : (B)
45. In 2010-11 budget, the allocation for National Ganga River Basin Authority has been—
(A) Rs. 100 crore
(B) Rs. 200 crore
(C) Rs. 400 crore
(D) Rs. 500 crore
Ans : (D)
46. The tax-GDP ratio in 2010-11 is estimated at—
(A) 10•12%
(B) 10•38%
(C) 12•3%
(D) 11•98%
Ans : (B)
47. In 2011-12, the maximum limit of custom duty is proposed as—
(A) 11%
(B) 10%
(C) 9%
(D) 8%
Ans : (B)
48. In Human Development Report 2010, India has HDI ranking at—
(A) 126th
(B) 119th
(C) 127th
(D) 129th
Ans : (B)
49. As per the latest available data, in September 2010, India’s total external debt stood at—
(A) $ 122•610 billion
(B) $ 192•610 billion
(C) $ 295•8 billion
(D) $ 233•610 billion
Ans : (C)
50. In New Direct Tax Code for senior citizens, income tax exemption slab has been raised to—
(A) Rs. 2•00 lakh
(B) Rs. 2•00 lakh
(C) Rs. 2•50 lakh
(D) Rs. 3•00 lakh
Ans : (C)
51. Now the latest CRR as declared by RBI w.e.f. April 24, 2010 is—
(A) 6•0%
(B) 5•5%
(C) 5•75%
(D) 6•5%
Ans : (A)
52. As per revised estimates for 2010-11 released by CSO, the growth rate for Indian economy has been estimated to be—
(A) 9•5%
(B) 8•6%
(C) 9•8%
(D) 6•7%
Ans : (B)
53. US-based “Novelis” has recently been acquired by—
(A) Tata Group
(B) Birla Group
(C) Reliance Group
(D) Jointly by Tata and Birla Group
Ans : (B)
54. When was RBI nationalised ?
(A) 1st April, 1935
(B) 1st January, 1949
(C) 1st January, 1935
(D) 1st July, 1969
Ans : (B)
55. According to the latest data published in World Trade Statistics of WTO. India’s share in world trade of goods and services in 2006 was—
(A) 1•0%
(B) 1•1%
(C) 1•2%
(D) 1•5%
Ans : (C)
56. As per quick estimates for the year 2010-11, Indian economy’s GDP at factor cost (at current prices) stood at—
(A) Rs. 3790063 crore
(B) Rs. 4713000 crore
(C) Rs. 4879232 crore
(D) Rs. 6426277 crore
Ans : (C)
57. What is the theme of World Development Report 2010 ?
(A) Poverty and Next Generation
(B) The Real Wealth of Nations : Path Ways to Human Development
(C) Incidence of Rural Poverty
(D) Development and the Next Generation
Ans : (B)
58. How many banks are there in public sector at present ?
(A) 28
(B) 27
(C) 19
(D) 20
Ans : (B)
59. What is the national minimum wage rate fixed under minimum wage legislation on November 2009 ?
(A) Rs. 56
(B) Rs. 60
(C) Rs. 100
(D) Rs. 76
Ans : (C)
60. For attaining 9% growth rate during 11th plan, investment level has been estimated to be—
(A) 31•4% of GDP
(B) 34•8% of GDP
(C) 38•7% of GDP
(D) 36•7% of GDP
Ans : (D)
61. Indian Rupee has got its symbol as This symbol has been designed by—
(A) D. Kumar Raju
(B) Udai D. Raj
(C) D. Udai Kumar
(D) D. Udai Reddy
Ans : (C)
62. Primary gold is a gold of—
(A) 20 carat
(B) 22 carat
(C) 23 carat
(D) 24 carat
Ans : (D)
63. First share market in India was established in—
(A) Delhi
(B) Kolkata
(C) Chennai
(D) Mumbai
Ans : (D)
64. ‘Aam Admi Bima Yojana’ is an insurance scheme for rural landless households executed by the nodal agency—
(A) National Insurance Co.
(B) State Government
(C) LIC
(D) Central Government
Ans : (B)
65. Revenue Deficit as a per cent of GDP in Budget 2011-12 has been estimated at—
(A) 4•2%
(B) 6•8%
(C) 6•0%
(D) 4•6%
Ans : (D)
66. GST would be introduced from—
(A) January 1, 2012
(B) August 1, 2011
(C) April 1, 2012
(D) August 15, 2011
Ans : (C)
67. The rate of Minimum Alternate Tax (MAT) proposed in the budget 2011-12 is—
(A) 15%
(B) 18•5%
(C) 20%
(D) 22%
Ans : (B)
68. Which of the following is not a financial regulator ?
(A) IRDA
(B) AMFI
(C) PFRDA
(D) SEBI
Ans : (B)
69. Inflation in India is measured on which of the following indexes/indicators ?
(A) Cost of Living Index
(B) Consumer Price Index
(C) Wholesale Price Index
(D) Gross Domestic Product
Ans : (C)
70. As per 13th Finance Commission Recommendations during 2010-15, transfers to the states from the central tax pool are expected to be—
(A) Rs. 44000 crore
(B) Rs. 164832 crore
(C) Rs. 318581 crore
(D) Rs. 107552 crore
Ans : (C)
71. From which of the following taxes, the Central Government will get the maximum revenue in 2011-12 ?
(A) Custom Duties
(B) Income Tax
(C) Excise Duties
(D) Corporation Tax
Ans : (D)
72. How many economists shared Nobel Prize in Economics for the year 2010 ?
(A) 01
(B) 02
(C) 03
(D) 04
Ans : (C)
73. The target for exports in 2013-14 has been fixed at—
(A) $ 300 billion
(B) $ 275 billion
(C) $ 250 billion
(D) $ 450 billion
Ans : (D)
74. Global Hunger Index released by IFPRI in October 2010 places India at—
(A) 58th rank
(B) 64th rank
(C) 67th rank
(D) 74th rank
Ans : (C)
75. When was the first EPZ set-up in Kandla ?
(A) 1965
(B) 1970
(C) 1975
(D) 1995
Ans : (A)
76. For rural development allocation Union Budget 2011-12 is—
(A) Rs. 16,000 crore
(B) Rs. 46,000 crore
(C) Rs. 56,000 crore
(D) Rs. 87,800 crore
Ans : (D)
77. What is true for the service tax in Union Budget 2011-12 ?
(A) It is raised from 10 to 12%
(B) It is left unchanged at 11%
(C) It is left unchanged at 10%
(D) It is reduced from 14% to 12%
Ans : (C)
78. Which part of Indian rupee has been allotted in public expenditure for repaying interest on loans in 2011-12 budget proposals ?
(A) 18 Paise
(B) 21 Paise
(C) 22 Paise
(D) 23 Paise
Ans : (A)
79. In Forbes-2000 list of the year 2010 how many Indian companies got the place ?
(A) 16
(B) 56
(C) 37
(D) 27
Ans : (B)
80. As per the latest data available (for the year 2009). Infant Mortality Rate (per thousand live births) in India is—
(A) 72
(B) 68
(C) 60
(D) 50
Ans : (D)
Indian Economy Objective Questions
(A) Tamil Nadu
(B) Assam
(C) Karnataka
(D) Kerala
Answer: Assam
2. Bilateral trade between India and Europe is expected to touch level of $ …… billion by 2010.
(A) 50
(B) 75
(C) 100
(D) 110
Answer: 100
3. How many members are there in APEC (Asia-Pacific Economic Co-operation) ?
(A) 20
(B) 21
(C) 25
(D) 27
Answer: 21
4. When did we start our First Five Year Plan ?
(A) August 15, 1947
(B) April 1, 1950
(C) April 1, 1951
(D) January 26, 1952
Answer: April 1, 1951
5. Which of the following states in India has produced maximum foodgrains ?
(A) Punjab
(B) Andhra Pradesh
(C) Uttar Pradesh
(D) Haryana
Answer: Uttar Pradesh
6. Who has written the book “My Country My Life” ?
(A) Indira Gandhi
(B) Rajgopalachari
(C) Baljeet Singh
(D) Lal Krishna Advani
Answer: Lal Krishna Advani
7. Who was the Chairman of 13th Finance Commission?
(A) Vijay L. Kelkar
(B) C. Rangrajan
(C) Deepak Pareek
(D) Indira Bhargava
Answer: Vijay L. Kelkar
8. RBI holds……equity in National Housing Bank.
(A) 50%
(B) 60%
(C) 75%
(D) 100%
Answer: 100%
9. The most active and sensitive part of the organised money market is the—
(A) Call money market
(B) Treasury bill market
(C) Commercial bill market
(D) Gilt-edged market
Answer: Call money market
10. Reserve Bank of India, established on 1st April, 1935, was originally constituted as a shareholders, institution with a share capital of—
(A) Rs. 5 crore
(B) Rs. 7 crore
(C) Rs. 9 crore
(D) Rs. 10 crore
Answer: Rs. 5 crore
11. Which one of the following countries has achieved growth rates exceeding 9% for the last two to three decades ?
(A) India
(B) China
(C) USA
(D) None of the above
Answer: China
12. Which of the following is not a Tax ?
(A) MAT
(B) SAT
(C) GST
(D) VAT
Answer: SAT
13. “The Future of India” book is written by—
(A) R. N. Malhotra
(B) Jagdish Mukhi
(C) M. S. Ahluwalia
(D) Bimal Jalan
Answer: Bimal Jalan
14. The National Stock Exchange functions from—
(A) Mumbai
(B) Kolkata
(C) New Delhi
(D) Chennai
Answer: Mumbai
15. For a study of the long-term growth of the economy we use—
(A) Personal Income
(B) Disposable Income
(C) Money GNP
(D) Real GNP
Answer: Real GNP
16. What is the purpose of the India Brand Equity Fund ?
(A) To make ‘Made in India’ a label of quality
(B) To promote in bound tourism
(C) To organise trade fairs
(D) To provide venture capital to IT sector
Answer: To make ‘Made in India’ a label of quality
17. Under the Gadgil-Mukherjee Formula, which criterion gets highest weight ?
(A) Population
(B) Tax Effort and Fiscal Discipline
(C) Income Distance
(D) Area
Answer: Income Distance
18. How much amount has been proposed for defence expenditure in the budget for 2011-12?
(A) Rs. 164000 crore
(B) Rs. 141703 crore
(C) Rs. 157344 crore
(D) Rs. 137344 crore
Answer: Rs. 164000 crore
19. How many additional services have been brought under service tax in the budget for 2011-12 ?
(A) 06
(B) 07
(C) 04
(D) 10
Answer: 04
20. How much custom duty is to be paid on 10 gram of gold as per 2010-11 budget ?
(A) Rs. 100
(B) Rs. 200
(C) Rs. 300
(D) Rs. 500
Answer: Rs. 300
21. ‘Innovation Lab’ has been launched by—
(A) Tata Consultancy Services
(B) Infosys Tech
(C) Reliance Industries
(D) Anil’s Reliance Communications
Answer: Tata Consultancy Services
22. “Development and Climate Change” is the theme of—
(A) Human Development Report 2010
(B) World Development Report 2010
(C) World Development Report 2009
(D) World Development Report 2008
Answer: World Development Report 2010
23. As per the latest WTO report, the biggest exporter country in the world during 2007 was—
(A) Germany
(B) USA
(C) China
(D) Japan
Answer: USA
24. As per the latest WTO report, the biggest importer country in the world during 2007 was—
(A) Germany
(B) USA
(C) China
(D) Japan
Answer: USA
25. The state having the lowest Maternal Mortality Rate is—
(A) Tamil Nadu
(B) Maharashtra
(C) Kerala
(D) Gujarat
Answer: Kerala
26. Which of the following organisation publishes World Investment Report ?
(A) WTO
(B) UNCTAD
(C) IMF
(D) IFC
Answer: UNCTAD
27. The proposed Steel Plant of POSCO (Pohang Steel Company) is to be established in Jagatsinghpur distt. of Orissa. To which country POSCO belongs ?
(A) USA
(B) South Africa
(C) South Korea
(D) China
Answer: South Korea
28. Who is the richest Resident Indian in the latest estimates of Economic Magazine ‘Forbes’ 2010 released in April 2010 ?
(A) Azim Premji
(B) Mukesh Ambani
(C) Anil Ambani
(D) Luxmi Mittal
Answer: Mukesh Ambani
29. When was National Saving Scheme (NSS)-92 abolished ?
(A) Nov. 1999
(B) Nov. 2002
(C) Nov. 1, 2001
(D) Nov. 2003
Answer: Nov. 1, 2001
30. In which nation, the two day summit of Finance Ministers of G-20 nations was held in October 2010 ?
(A) India
(B) China
(C) South Korea
(D) Canada
Answer: South Korea
31. Which is correct for Foreign Trade Policy 2009-14 ?
(A) The benefit of ECGC Plan is extended till 2010
(B) DEPB Scheme extended till May 2012
(C) Export Target has been set for 2010-11 at $ 260 billion
(D) None of the above
Answer: The benefit of ECGC Plan is extended till 2010
32. ‘Micro-finance Bill’ 2007 is concerned with—
(A) Regional Rural Banks
(B) Co-operative Banks
(C) NABARD
(D) All the above
Answer: NABARD
33. Moradabad has retaining its first rank in handicrafts exports. Which city comes at second rank ?
(A) Ludhiana
(B) Tirupur
(C) Panipat
(D) Jodhpur
Answer: Jodhpur
34. According to China’s Xinhua News agency, China earned $ 33•5 billion from tourism during 2006 and acquired……place in earning the highest tourism revenue in the world.
(A) Second
(B) Fourth
(C) Sixth
(D) Tenth
Answer: Sixth
35. Former President Mr. A.P.J. Abdul Kalam gave a call for…… per cent GDP growth rate to uplift Indian population below the poverty line.
(A) 9%
(B) 10%
(C) 11%
(D) 12%
Answer: 10%
36. OPEC (Organisation of Petroleum Exporting Countries) is an organisation of how many countries ?
(A) 13
(B) 12
(C) 11
(D) 10
Answer: 11
37. Which of the following Five Year Plan has achieved its growth targets ?
(A) 8th Plan
(B) 9th Plan
(C) 10th Plan
(D) None of the above
Answer: 8th Plan
38. Capital Output Ratio of a commodity measures—
(A) Its per unit cost of production
(B) The amount of capital inverted per unit of output
(C) The ratio of capital deficiency to quantity of output
(D) The ratio of working capital employed to quantity of output
Answer: The amount of capital inverted per unit of output
39. Name the company which has signed a production sharing contract with the government for exploratory rights to two new land blocks in Tripura and Cavery Basin.
(A) OIL
(B) IOC
(C) GAIL
(D) ONGC
Answer: ONGC
40. As per 2011-12 budget the CENVAT has been fixed at—
(A) 8%
(B) 9%
(C) 10%
(D) 12%
Answer: 10%
Saturday, January 29, 2011
Important Bills
• Central information commission is constituted by the central government through a gazette
notification.
• The commission includes one chief information and not more than 10 information commission.
• All are appointed by the president.
• Oath of office is administered by the president of India according to the form set out in the first
schedule.
• Central information commission and state information commission have power of civil court.
2. Election Commission celebrates diamond jubilee:-
• The president of India recently inaugurated the diamond jubilee celebration of the election
commission of India.
• The commission was set up on Jan 25, 1950. While the rest of the constitution came into force
on Jan 26, 1950.
• Article 324 that created the commission was one of those exceptional provisions given effect as
early as on Nov 26, 1949.
• Until Oct 1989 there was just one chief election commission. In 1991 a law providing for the
appointment of two election commissioners. This law was amended and renamed in 1993.
• The election commission enjoys complete autonomy and is insulated from any kind of
executive interference.
• It also functions as a quasi-judicial body in matters of electoral disputes and other matters
involving the conduct of elections.
• However the decisions of the body are liable for independent judicial reviews by courts acting
on electoral petitions.
Principal functions of Election Commission of India:-
• Demarcation of consistencies
• Preparation of electoral rolls
• Recognition of political parties and allotment of symbols
• Scrutiny of nomination papers
• Conduct of polls
• Scrutiny of election expenses of candidates.
• The national health bill – 2009
• It seeks to provide health , health equity and justice for all Indians
3. National Health Bill- 2009
It seeks to provide health, health equity and justice for all Indians.
Its Important Features are:-
• Right to heath care:- the bill seeks to legalize the right to health care along with other issues
associated with health rights.
• Emergency care:- no individual should be denied emergency treatment because of his inability
to pay fees or due to the requirement for police clearance.
• Patient complaints:- bill seeks to make it mandatory for the hospitals to address patient
complaints on 24x7 basis.
• Name of doctor involved in treatment:- every patient has the right to know the name of
doctor/ nurse involved in his treatment.
4. National Arrears Grid:-
• Union law minister had announced that the national arrears grid and the special purpose vehicle
would implement the action plan to bring down the arrears of cases pending in various courts.
• The action plans should focus on human resource development, infrastructure development and
procedural reforms.
• It is decided that special judges to deal with all pending criminal cases where the term of
sentences was less than 3 years.
• It favored creation of a national pool of judicial officers from retired judges to enable persons
from the pool to be appointed as high court judges.
5. Gram Nyayalayas:-
• The Gram Nyayalayas act 2008 had been enacted to provide for the establishment of the gram
nyayalayas at the grass root level for the purpose of providing access to justice to the citizens at
their door steps.
Salient features:-
• It is aimed at providing inexpensive justice to people in rural areas at their door steps.
• It will have its court of judicial magistrate of the first class and its presiding officers
( Nyayadhikri) shall be appointed by the state government in consultation with the High Court.
• The Gram Nyayalaya shall be established for every panchyats at intermediate level in a district
or where there is no panchayat at intermediate level in any state for a group of contiguous
panchayats.
• Gram nyayalaya shall be a mobile court and shall exercise the powers of both criminal and civil
courts.
• Officiating nyaydhikari will go to villages work there and dispose of the cases.
6. Law commission:-
• It is a non- statutory body.
• Constituted by the government from time to time originally constituted in 1955 and it is
reconstituted every three years.
7. Judges ( inquiry) bill , 2006:-
• The judges ( inquiry ) bill 2006 established a national judicial council ( NJC) to conduct
Inquiries into allegations of incapacity or misbehavior by high court and Supreme Court judges.
• The proposed NJC would consist of the chief justice of India, two Supreme Court judges and
two high court chief justices to investigate high court judge (It has been change again in the new
draft).
• The chief justice of India and four Supreme Court judges to investigate Supreme Court judges.
• The NJC shall investigate complaints submitted by any persons, or upon receiving a references
from parliament based on a motion moved by 50 Rajya Sabha or 100 Lok Sabha m.p.
• If the allegations are proven, the NJC may impose minor measures or recommended the removal of judges. Removal of judges shall be through impeachment by parliament.
8. Biotechnology Regulating Authority of India (BRAI) bill:-
• This Bill would bring about wide ranging changes in the process of regulating research,
transport, import, manufacture and use of G.M product in the country.
Controversy regarding the Bill:-
• According to section 81 of the bill the act will have an overriding effect over other state – level
acts. Activists allege that this ignores the constitutional powers of states over agriculture and
health
• This bill has no provisions for public participation, which is a violation of article 23.2 of the
Cartagena Protocol on bio- safety to which India is a signatory.
• The bill also states that whoever without any evidence or scientific record misleads the public
about the safety of organism and products shall be punished with imprisonment for a term
which shall not be less than six months. But which may extend to one year and with fine which
may extend to two lakh rupees or with both.
• The bill serves to over ride state specific concerns by making the proposed authority solely
responsible for releasing and controlling genetically modified organisms (GMOs) through out
the country and envisages only an advisory role for state.
9. The prohibitions of unfair practices in technical, medical
educations institutions and universities bill:-
• It is drafted by the Human Resource development ministry to provide for a central law to curb
malpractices.
• However in the T.M.A pai , case supreme court held that establishment of private unaided
educational institutions was in the exercise of fundamental rights to occupations under article 19
(1) (g) of the constitution.
10. Communal violence bill:-
• It is communal violence (prevention, control and rehabilitation) bill.
• The bill empowers the centre to intervene to tackle communal violence without the concurrence
of the state government , if it is believe that state is not doing enough to control the violence.
• The bill also empowers the centre to declare any area in any state communally disturbed, if it is
convinced that the state government is not following its directions to control or to check
communal violence.
• The bill gives the central government exclusive power to constitute a unified command to deal
with communal violence.
Wednesday, January 12, 2011
Disputed Areas of the World
Aksai Chin : India & China
Vozrozhdeniya Island : Kazakhstan and Uzbekistan
Senkakku : Japan & China
Spratly Islands : China , Malaysia , Philippines and Vietnam
Bassas da India : France & Madagaskar
Bakassi : Nigeria & Cameroon
Chagos Archipelago
Hala'ib Triangle : Sudan & Egypt
Kuril Islands : Russia & Japan
Paracel Islands: China, Taiwan & Vietnam
Preah Vihear Temple : Thailand & Cambodia
Sabah : Malaysia, Indonesia & Phillipines
Shatt al-Arab : Iran & Irak
Abu Musa is a 12-km² island in the eastern Persian Gulf, part of a six-island archipelago near the entrance to the Strait of Hormuz. The island is administered by Iran as part of the Iranian province of Hormozgan, but is also claimed by the United Arab Emirates (UAE)
Aksai Chin : India & China
Aksai Chin, is a disputed region located in the northwestern region of the Tibetan Plateau just below the western Kunlun Mountains. It is administered by China , however, claimed by India as a part of its state of Jammu and Kashmir. The region contains the lake Aksayqin Hu and the river Aksayqin He. Aksai Chin is one of the two main border disputes between China and India, the other being the dispute over Arunachal Pradesh, which is administered by India and claimed by China as South Tibet. India claims Aksai Chin as the eastern-most part of the Jammu and Kashmir state. The line that separates Indian-administered areas of Kashmir from the Aksayqin is known as the Line of Actual Control . Aksai Chin is a vast high-altitude desert of salt that reaches heights up to 5,000 metres. It covers an area of 42,685 square kilometres of the disputed territory. Geographically part of the Tibetan Plateau, Aksai Chin is referred to as the Soda Plain. The region is almost uninhabited, has no permanent settlements, and receives little precipitation as the Himalayan and other mountains block the rains from the Indian monsoon.
Vozrozhdeniya Island : Kazakhstan and Uzbekistan
Vozrozhdeniya Island, is a former island, now a peninsula, in the Aral Sea. It became a peninsula in 2002, due to ongoing shrinkage of the Aral Sea.It is now shared by Kazakhstan and Uzbekistan. Located in the central Aral Sea, Vozrozhdeniya Island was one of the main laboratories and testing sites for the Soviet Union government’s Microbiological Warfare Group. In 1948, a top-secret Soviet bioweapons laboratory was established here. Word of the island's danger was further spread by Soviet defectors, including Ken Alibek, the former head of the Soviet Union's bioweapons program. It was here, according to just released documents, that anthrax spores and bubonic plague bacilli were made into weapons and stored. The main town on the island was Kantubek, which lies in ruins today, but once had approximately 1,500 inhabitants.
Senkakku : Japan & China
The Senkaku Islands also known as Diaoyutai Islands or the Pinnacle Islands, are a group of disputed, uninhabited islands currently controlled by Japan, but also claimed by the Republic of China (as part of Toucheng Township in Yilan County, Taiwan) and the People's Republic of China. The islands are located northeast of Taiwan, due west of Okinawa, and due north of the end of the Ryukyu Islands in the East China Sea. Their status has emerged as a major issue in foreign relations between the People's Republic of China and Japan and between Japan and the Republic of China. Japanese government regards these islands as a part of Okinawa prefecture. While the complexity of the PRC-ROC relation has affected efforts to demonstrate Chinese sovereignty over the islands, both governments agree that the islands are part of Taiwan province.
Spratly Islands : China , Malaysia , Philippines and Vietnam
The Spratly Islands are a group of more than 650 reefs, islets, atolls, cays and islands in the South China Sea between the Philippines and Vietnam. They comprise less than five square kilometers of land area, spread over more than 400,000 square kilometers of sea. The Spratlys, as they are called, are part of the three archipelagos of the South China Sea, comprising more than 30,000 islands and reefs and which so complicates geography, governance and economics in that region of Southeast Asia. Such small and remote islands have little economic value in themselves, but are important in establishing international boundaries. There are no native islanders but there are rich fishing grounds and initial surveys indicate the islands may contain significant oil and gas. About 45 islands are occupied by relatively small numbers of military forces from People's Republic of China, Republic of China, Malaysia, the Philippines, and Vietnam. Brunei has established a fishing zone that overlaps a southern reef but has not made any formal claim.
Bassas da India : France & Madagaskar
Bassas da India is an uninhabited, roughly circular atoll about 10 km in diameter, which corresponds to a total size (including lagoon) of 80 km². It is located in the southern Mozambique Channel, about half-way between Madagascar (which is 385 km to the east) and Mozambique, and 110 km northwest of Europa Island. It rises steeply from the seabed 3000 m below. The reef rim averages around 100 m across and completely encloses a shallow lagoon that has a maximum depth of 15 m. Its Exclusive Economic Zone (EEZ) of 123,700 km² is contiguous with that of Europa Island.
Bakassi : Nigeria & Cameroon
Bakassi is the peninsular extension of the African territory of Calabar into the Atlantic Ocean. It is currently ruled by Cameroon following the transfer of sovereignty from neighbouring Nigeria as a result of a judgment by the International Court of Justice. On 22 November 2007, the Nigerian Senate rejected the transfer, since the Green Tree Agreement ceding the area to Cameroon was contrary to Section 12(1) of the 1999 Constitution. Regardless, the territory was formally transferred to Cameroon on August 14, 2008.
Chagos Archipelago : UK , Mauritius & Seychelles
The Chagos Archipelago is a group of seven atolls comprising more than 60 individual tropical islands roughly in the centre of the Indian Ocean. The Chagos lies about 500 km (300 miles) due south of the Maldives, its nearest neighbour, 1600 km (1000 miles) southwest of India, half way between Tanzania and Java. The Chagos group is a combination of different coralline structures topping a submarine ridge running southwards across the centre of the Indian Ocean, formed by volcanoes above the Réunion hotspot. Unlike in the Maldives there is not a clearly discernible pattern of arrayed atolls, which makes the whole archipelago look somewhat chaotic. Most of the coralline structures of the Chagos are submerged reefs. Officially part of the British Indian Ocean Territory, the Chagos were home to the Chagossians for more than a century and a half until the United Kingdom and the United States expelled them in the 1960s in order to allow the US to build a military base on Diego Garcia, the largest of the Chagos Islands. The deal was sanctioned by the then British Secretary of State for Defence, Denis Healey.
Hala'ib Triangle : Sudan & Egypt
The Hala'ib Triangle is an area of land measuring 20,580 km² located on the Red Sea's African coast, between the political borders of Egypt (at the 22nd circle of latitude - as per the 1899 treaty) and the administrative boundary (as per the 1902 treaty) . The major town in this area is Hala'ib. The only other populated place is Abu Ramad, 30 km northwest of Hala'ib town on the Red Sea coast. Alshalateen is an Egyptian town just on the northern administrative boundary. The closest Sudanese town south of the disputed area is Osief (Marsa Osief), located 26 km south of the 22nd circle of latitude, the political borders line claimed by Egypt.
Kuril Islands : Russia & Japan
Matua Island as seen from Raikoke.The Kuril Islands or Kurile Islands in Russia's Sakhalin Oblast region, is a volcanic archipelago that stretches approximately 1,300 km (700 miles) northeast from Hokkaido, Japan, to Kamchatka, Russia, separating the Sea of Okhotsk from the North Pacific Ocean. There are 56 islands in total and many more minor rocks. All of the islands are under Russian jurisdiction, although the southernmost four are claimed by Japan as part of their territory.
Paracel Islands: China, Taiwan & Vietnam
The Paracel Islands consist of over 30 islets, sandbanks or reefs, occupy about 15,000 km2 of the ocean surface, and located in the South China Sea, also known as East Vietnam Sea or East Sea. Turtles live on the islands, and seabirds have left nests and guano deposits, but there are no permanent human residents except for a small number of troops. The archipelago is approximately equidistant from the coastlines of Vietnam and China, and about one-third of the way from central Vietnam to the northern Philippines. The islands comprise of two main groups. The Amphitrite group is in the northeast and the Crescent group is in the west, and about 70 km from one another. Subject to hot and humid climate, with abundant rainfall and frequent typhoons, the archipelago is surrounded by productive fishing grounds and potential oil and gas reserves. Notably, up until the early 18th century, the present-day Spratly Islands were still delineated as part of the Paracel archipelago, and that the sovereignty over the islands has been inflaming the century-old dispute.
The Preah Vihear Temple or Prasat Preah Vihear is a Khmer temple situated atop a 525-metre (1,720 ft) cliff in the Dângrêk Mountains, in the Preah Vihear province of northern Cambodia and near the border of the Kantharalak district (amphoe) in the Sisaket province of northeastern Thailand. In 1962, following a significant dispute between Thailand and Cambodia over ownership of the temple, the International Court of Justice (ICJ) in The Hague awarded the ownership to Cambodia.
Sabah : Malaysia, Indonesia & Phillipines
Sabah is a Malaysian state located on the northern portion of the island of Borneo . It is the second largest state in Malaysia after Sarawak, which it borders on its south-west. It also shares a border with the province of East Kalimantan of Indonesia in the south. In spite of its status as a Malaysian state, Sabah remains a disputed territory; the Philippines has a dormant claim over much of the eastern part of the territory. The capital of Sabah is Kota Kinabalu, formerly known as Jesselton. Sabah is known as "Sabah, negeri di bawah bayu", which means "Sabah, the land below the winds", because of its location just south of the typhoon-prone region around the Philippines.
Shatt al-Arab : Iran & Irak
The Shatt al-Arab is a river in Southwest Asia of some 200 kilometres in length, formed by the confluence of the Euphrates and the Tigris in the town of al-Qurnah in the Basra Governorate of southern Iraq. The southern end of the river constitutes the border between Iraq and Iran down to the mouth of the river as it discharges into the Persian Gulf. It varies in width from about 232 metres at Basra to 800 metres (2,600 ft) at its mouth. It is thought that the waterway formed relatively recently in geologic time, with the Tigris and Euphrates originally emptying into the Persian Gulf via a channel further to the west. The Karun river, a tributary which joins the waterway from the Iranian side, deposits large amounts of silt into the river; this necessitates continuous dredging to keep it navigable. The area is judged to hold the largest date palm forest in the world. In the mid-1970s, the region included 17 to 18 million date palms, an estimated one-fifth of the world's 90 million palm trees. But by 2002, war, salt, and pests had wiped out more than 14 million of the palms, including around 9 million in Iraq and 5 million in Iran. Many of the remaining 3 to 4 million trees are in poor condition.
Saturday, December 11, 2010
List of Various Committees & Their Focus Area
- Abhijit Sen Committee (2002) : Long Term Food Policy
- Abid Hussain Committee: On Small Scale Industries
- Ajit Kumar Committee : Army Pay Scales
- Athreya Committee: Restructuring Of IDBI
- Basel Committee: Banking Supervision
- Bhurelal Committee : Increase In Motor Vehicle Tax
- Bimal Julka Committee : Working Conditions ATCOS
- C B Bhave Committee : Company Information
- C Babu Rajiv Committee : Reforms In Ship Act 1908 & Ship Trust Act 1963
- Chakravarty Committee : Working Of The Monetary System And Suggest Measure For Improving The Effectiveness Fo Monetary Policy In Promoting Economic Development
- Chandra Shekhar Committee : Venture Capital
- Chandrate Committee: Delisting In Sharemarket
- Chore Committee : Review The Operation Of The Cash Credit System
- Dave Committee (2000) : Pension Scheme For Unorganized Sector
- Deepak Parikh Committee : To Revive Unit Trust If India (UTI)
- Dhanuka Committee : Simplification Of Transfer Rules In Security Markets
- G V Ramakrishna Committee : On Disinvestment
- Goiporia Committee : Improvement In The Customer Service At Primary (Urban) Cooperative Banks
- Hanumant Rao Committee: Fertilizers
- J R Varma Committee: Current Account Carry Forward Practice
- Jankiramanan Committee : Securities Transactions
- JJ Irani Committee : Company Law Reforms
- K Kannan Committee : To Examine The Relevance Of The Concept Of Maximum ermissible Bank Finance (MPBF) As A Method Of Assessing The Requirements Of Bank Credit For Working Capital And To Suggest Alternative Methods.
- Kelkar Committee : Tax Structure Reforms
- Khan Working Group :Development Finance Institutions
- Khusro Committee : Agricultural Credit System
- Kumarmanglam Birla Report: Corporate Governance
- Mahajan Committee (1997): Sugar Industry
- Malegam Committee : Reforms In The Primary Market & Repositioning of UTI
- Malhotra Committee : Broad Framework Of Insurance Sector
- Marathe Committee: Recommendation For Urban Co-operative Banks
- Mashelkar Committee 2002 : Auto Fuel Policy
- Mckinsey Report: Merger Of 7 Associate Banks With SBI
- Meera Seth Committee: Development Of Handlooms
- Narismhan Committee: Banking Reforms
- NN Vohra Committee : Relations (Nexus) Of Politicians With Criminals
- Parekh Committee : Infrastructure Financing
- Percy Mistry Committee: Making Mumbai An International Financial Center
- Prasad Panel : International Trade And Services
- R V Gupta Committee : Small Savings
- Raja Chelliah Committee: Tax Reforms
- Rekhi Committee : Indirect Taxes
- RV Gupta Committee : Agricultural Credit
- S P Talwar Committee: Restructuring Of Weak Public Sector Bank
- S Tendulkar Committee: Redefining Poverty Line And Its Calculation Formula
- Sapta Rishi Committee (July 2002) : Development Of Domestic Tea Industry
- Shah Committee : Reforms Relating To Non Banking Financial Companies (NFBC)
- SL Kapoor Committee : Credit & Flow Problems Of Ssis
- SN Verma Committee (1999) : Restructuring The Commercial Banks
- Tandon Committee : System Of WORKING CAPITAL Financing By Banks
- Tarapore Committee: Report On Capital Account Convertibility
- Udesh Kohli Committee: Analyze Fund Requirement In Power Sector
- UK Sharma Committee : NABARD's Role In RRB
- Vaghul Committee : Money Market In India
- Vasudev Committee: NBFC( Non Banking Finance Corp) Sector Reforms
- Y B Reddy Committee :2001 : Review Of Income Tax Rebates
- A C Shah Committee:NBFC
- A Ghosh Committee:Final Accounts
- A Ghosh Committee:Modalities Of Implementation Of New 20 Point Programme
- A Ghosh Committee:Frauds & Malpractices In Banks
- Abid Hussain Committee:Development Of Capital Markets
- Adhyarjuna Committee:Changes In NI Act And Stamp Act
- AK Bhuchar Committee:Coordination Between Term Lending Institutions And Commercial Banks
- B Eradi Committee:Insolvency And Wind Up Laws
- B Sivaraman Committee:Institutional Credit For Agricultural & Rural Development
- B Venkatappaiah Committee:All India Rural Credit Review
- BD Shah Committee:Stock Lending Scheme
- BD Thakar Committee:Job Criteria In Bank Loans (Approach)
- Bhagwati Committee:Unemployment
- Bhagwati Committee:Public Welfare
- Bhave Committee:Share Transfer Reforms
- Bhide Committee:Coordination Between Commercial Banks And SFC's
- Bhootlingam Committee:Wage, Income & Prices
- C Rao Committee:Agricultural Policy
- CE Kamath Committee:Multi Agency Approach In Agricultural Finance
- Chatalier Committee:Finance To Small Scale Industry
- Chesi Committee:Direct Taxes
- Cook Committee (On Behalf Of BIS - Under Basel Committee ):Capital Adequacy Of Banks
- D R Mehta Committee:Review Progress And Recommend Improvement Measures Of IRDP
- Damle Committee:MICR
- Dandekar Committee:Regional Imbalances
- Dantwala Committee:Estimation Of Employments
- Dave Committee:Mutual Funds (Functioning)
- Dharia Committee:Public Distribution System
- DR Gadgil Committee:Agricultural Finance
- Dutta Committee:Industrial Licensing
- G Lakshmai Narayan Committee:Extension Of Credit Limits On Basis Of Consortium
- G Sundaram Committee:Export Credit
- Gadgil Committee (1969):Lead Banking System
- Godwala Committee:Rural Finance
- Goiporia Committee:Customer Service In Banks
- GS Dahotre Committee:Credit Requirements Of Leasing Industry
- GS Patel Committee:Carry Forward System On Stock Exchanges
- Hathi Committee:Soiled Banknotes
- Hazari Committee (1967):Industrial Policy
- IT Vaz Committee:Working Capital Finance In Banks
- J Reddy Committee:Reforms In Insurance Sector
- James Raj Committee:Functioning Of Public Sector Banks
- Jankiramanan Committee:Securities Transactions Of Banks & Financial Institutions
- JV Shetty Committee:Consortium Advances
- K Madhav Das Committee:Urban Cooperative Banks
- Kalyansundaram Committee:Introduction Of Factoring Services In India
- Kamath Committee:Education Loan Scheme
- Karve Committee:Small Scale Industry
- KB Chore Committee:To Review The Symbol Of Cash Credit Q
- Khanna Committee:Non Performing Assets
- Khusrau Committee:Agricultural Credit
- KS Krishnaswamy Committee:Role Of Banks In Priority Sector And 20 Point Economic Programme
- L K Jha Committee:Indirect Taxes
- LC Gupta Committee:Financial Derivatives
- Mahadevan Committee:Single Window System
- Mahalanobis Committee:Income Distribution
- Marathe Committee:Licensing Of New Banks
- ML Dantwala Committee:Regional Rural Banks
- Mrs. KS Shere Committee:Electronic Fund Transfer
- Nadkarni Committee:Improved Procedures For Transactions In PSU Bonds And Units
- Nariman Committee:Branch Expansion Programme
- Narsimham Committee:Financial System
- Omkar Goswami Committee:Industrial Sickness And Corporate Restructuring
- P R Nayak Committee:Institutional Credit To SSI Sector
- P Selvam Committee:Non Performing Assets Of Banks
- PC Luther Committee:Productivity, Operational Efficiency & Profitability Of Banks
- PD Ojha Committee:Service Area Approach
- Pendarkar Committee:Review The System Of Inspection Of Commercial, RRB And Urban Cooperative Banks
- Pillai Committee:Pay Scales Of Bank Officers
- PL Tandon Committee:Export Strategy
- PR Khanna Committee:Develop Appropriate Supervisory Framework For NBFC
- Purshottam Das Committee:Agricultural Finance And Cooperative Societies
- R Jilani Banks:Inspection System Of Banks
- R S Saria Committee:Agricultural Finance And Cooperative Societies
- Raghavan Committee:Competition Law
- Raja Chelliah Committee:Tax Reforms
- Rajamannar Committee:Centre - State Fiscal Relationships
- Rajamannar Committee:Changes In Banking Laws , Bouncing Of Cheques Etc.
- Rakesh Mohan Committee:Petro Chemical Sector
- Ram Niwas Mirdha Committee (JPC):Securities Scam
- Rangrajan Committee:Computerization Of Banking Industry
- Rangrajan Committee:Public Sector Disinvestment
- Rashid Jilani Committee:Cash Credit System
- Ray Committee:Industrial Sickness
- RG Saraiya Committee (1972):Banking Commission
- RH Khan Committee:Harmonization Of Banks And Ssis
- RK Hajare Committee:Differential Interest Rates Scheme
- RK Talwar Committee:Customer Service
- RK Talwar Committee:Enactment Having A Bearing On Agro Landings By Commercial Banks
- RN Malhotra Committee:Reforms In Insurance Sector
- RN Mirdha Committee:Cooperative Societies
- RV Gupta Committee:Agricultural Credit Delivery
- S Padmanabhan Committee:Onsite Supervision Function Of Banks
- S Padmanabhan Committee:Inspection Of Banks (By RBI)
- Samal Committee:Rural Credit
- SC Choksi Committee:Direct Tax Law
- Shankar Lal Gauri Committee:Agricultural Marketing
- SK Kalia Committee:Role Of NGO And SHG In Credit
- SL Kapoor Committee:Institutional Credit To SSI
- Sodhani Committee:Foreign Exchange Markets In NRI Investment In India
- SS Kohli Committee:Rehabilitation Of Sick Industrial Units
- SS Kohli Committee:Rationalization Of Staff Strength In Banks
- SS Kohli Committee:Willful Defaulters
- SS Nadkarni Committee:Trading In Public Sector Banks
- SS Tarapore Committee:Capital Account Convertibility
- Sukhmoy Chakravarty Committee:To Review The Working Of Monetary System
- Tambe Committee:Term Loans To SSI
- Tandon Committee:Follow Up Of Bank Credit
- Tandon Committee:Industrial Sickness
- Thakkar Committee:Credit Schemes To Self Employed
- Thingalaya Committee:Restructuring Of RRB
- Tiwari Committee:Rehabilitation Of Sick Industrial Undertakings
- UK Sharma Committee:Lead Bank Scheme (Review)
- Usha Thorat Panel: Financial Inclusion
- Vaghul Committee:Mutual Fund Scheme
- Varshney Committee:Revised Methods For Loans (>2 Lakhs)
- Venketaiya Committee:Review Of Rural Financing System
- Vipin Malik Committee:Consolidated Accounting By Banks
- VT Dehejia Committee:To Study Credit Needs Of Industry And Trade Likely To Be Inflated
- Vyas Committee:Rural Credit
- Wanchoo Committee:Direct Taxes
- WS Saraf Committee:Technology Issues In Banking Industry
- Y H Malegam Committee:Disclosure Norms For Public Issues
- YV Reddy Committee:Reforms In Small Savings
Some Recent Working Groups & Committees by RBI & Their Focus Area:
(Name of Chairmen is given)
- Working Group on Benchmark Prime Lending Rate (BPLR): Deepak Mohanty
- Working Group on Surveys: Deepak Mohanty
- High Level Committee to Review Lead Bank Scheme: Usha Thorat
- Working Group to Review the Business Correspondent Model: P Vijaya Bhaskar Rao
- High Level Group on Systems and Procedures for Currency Distribution: Usha Thorat
- G20 Working Group on Enhancing Sound Regulation and Strengthening Transparency: Dr. Rakesh Mohan and Mr. Tiff Macklem
- Committee on Financial Sector Assessment: Dr. Rakesh Mohan
- High Level Committee on Estimation of Savings and Investment: Dr. C. Rangarajan
- Committee on the Global Financial System (CGFS) on Capital Flows and Emerging Market Economies: Dr. Rakesh Mohan
- Task Force For Diamond Sector: A K Bera
- Technical Advisory Group on Development of Housing Start-Up Index in India: Prof. Amitabh Kundu
- Working Group on Defraying Cost of ICT Solutions for RRBs: Shri G. Padmanabhan
- Working Group on IT support for Urban Cooperative Banks: R Gandhi
- Working Group on Technology Upgradation of Regional Rural Banks: Shri G. Srinivasan
- Interest Rate Futures: Shri V.K. Sharma
- Internal Working Group to Study the Recommendations of the NCEUS Report: KUB Rao
- Working Group on Improvement of Banking Services in the Union Territory of Lakshadweep: S. Ramaswamy
- Working Group on Rehabilitation of Sick SMEs: Dr. K. C. Chakrabarty
- Working Group on Improvement of Banking Services In Jharkhand: V.S.Das
- Working Group on Improvement of Banking Services in Himachal Pradesh: Dr. J. Sadakkadulla
- Internal Technical Group on Seasonal Movements in Inflation: Dr. Balvant Singh
- Working Group to Examine the Procedures and Processes of Agricultural Loans: C P Swarankar
- Task Force on Empowering RRB Boards for Operational EfficiencyDr. K.G. Karmakar
- Technical Group Set up to Review Legislations on Money Lending: Shri.S. C. Gupta
- Working Group To Suggest Measures To Assist Distressed Farmers: Shri. S. S. Johl
- Technical Group on Statistics for International Trade in Banking Services: Shri K.S.R.Rao
- Technical Advisory Group On Development Of Leading Economic Indicators For Indian EconomyDr. R B Barman
- Working Group on Savings for the Eleventh Five Year Plan (2007-08 to 2011-12): Dr.Rakesh Mohan
- Working Group on Compilation of State Government Liabilities: Dr. N.D. Jadhav
- Working Group on Improvement of Banking Services in Uttaranchal: V.S. Das
- Working Group on Cost of NRI Remittances: P. K. Pain
- Working group to formulate a scheme for Ensuring Reasonableness of Bank Charges: N. Sadasivam
- Committee on Fuller Capital Account Convertibility: S.S.Tarapore
- Committee on Financial Sector Plan for North Eastern Region: Smt. Usha Thorat
- Survey on Impact of Trade Related Measures on Transaction Costs of Exports: Balwant Singh
- Advisory Committee on Ways and Means Advances to State Governments: M.P.Bezbaruah
- Need and Use Behavior for Small Denomination Coins: Sanal Kumar Velayudhan
- Debt Sustainability at State Level in India: Indira Rajaraman, Shashank Bhide and R.K.Pattnaik
- Internal Group to Examine Issues Relating to Rural Credit and Microfinance: Shri H.R.Khan
- Working Group to Review Export Credit: Shri Anand Sinha
- Internal Working Group on RRBs: Shri A V Sardesai
- Working Group on Warehouse Receipts and Commodity Futures: Shri Prashant Saran
- Internal Group to Review Guidelines on Credit Flow to SME Sector: Shri C.S.Murthy
- Working Group on Regulatory Mechanism for Cards Shri R.Gandhi
- Group on Model Fiscal Responsibility Legislation at State Level: Shri H R Khan
- Task Force on Revival of Cooperative Credit Institutions: Prof.A.Vaidyanathan
- Special Group for Formulation of Debt Restructuring Mechanism for Medium Enterprises: Shri G.Srinivasan
- Working Group on Screen Based Trading In Government Securities: Dr.R.H.Patil
- Expert Group on Internet Deployment of Central Database Management System (CDBMS): Prof.A.Vaidyanathan
- Report on Monitoring of Financial Conglomerates: Smt.Shyamala Gopinath
- Working Group on Development Financial Institutions: Shri N. Sadasivan
- Advisory Committee to Advise on the Administered Interest Rates and Rationalisation of Saving Instruments: Dr.Rakesh Mohan
- Advisory Committee on Flow of Credit to Agriculture: Prof.V.S.Vyas
- Working Group on Flow of Credit to SSI Sector: Dr.A.S.Ganguly
- Group to Study the Pension Liabilities of the State Governments: B. K. Bhattacharya
- Rupee Interest Rate Derivatives: Shri G. Padmanabhan
- Working Group on Instruments of Sterilisation: Smt. Usha Thorat
- Working Group on Information on State Government Guaranteed Advances and Bonds: Shri.G.Padmanabhan
- Working Group on Cheque Truncation and E-cheques: Dr.Barman, ED
- Working Group on Introduction of Credit Derivatives in India: Shri B. Mahapatra
- Group to Assess the Fiscal Risk of State Government Guarantees: Smt. Usha Thorat
- Advisory Committee on Ways and Means Advances to State Governments: Shri C.Ramachandran
- Working Group on Rupee Derivatives: Shri Jaspal Bindra
- Committee on Computer Audit: Shri A.L. Narasimhan
- Committee on Payment Systems: Dr R H Patil
- Review Group on The Working of The Local Area Bank SchemeShri G.Ramachandran
- Technical Group on Statistics of International Trade in Services: Shri Deepak Mohanty
- Working Group for Suggesting Operational and Prudential Guidelines on STRIPS (Separately Traded Registered Interest and Principal of Securities): Shri M.R.Ramesh
- Working Group on Electronic Money: Mr.Zarir J. Cama
- Working Group on Economic Indicators Dr. R.B. Barman
- Working Group to Examine the Role of Credit Information Bureaus in Collection and Dissemination of Information on Suit-filed Accounts and Defaulters: Shri S.R. Iyer
- Information systems audit policy for the banking and financial sector: Dr. R.B.Burman
- Working Group on Consolidated Accounting and Other Quantitative Methods to Facilitate Consolidated Supervision: Shri Vipin Malik
- Expert Committee to Review the System of Administered Interest Rates and Other Related Issues: Dr.Y.V. Reddy
- Inter-Departmental Group to study the Rationalisation of Current account Facility with Reserve Bank of India: Shri K.W. Korgaonkar
- The Expert Committee on Legal Aspects of Bank Frauds: Dr.N.L. Mitra
- The Standing Committee on International Financial Standards and Codes
Standing Committee on International Financial Standards and Codes: Dr. Y.V.Reddy - Technical Group on Market Integrity: Shri C.R. Muralidharan
- Technical Group on Phasing Out of Non-banks from Call/Notice Money Market (March 2001): Dr.Y.V.Reddy
- Core Group on Voluntary Disclosure Norms for State Governments: Dr.Y.V.Reddy
- Task Force to Study the Cooperative Credit System and Suggest Measures for its Strengthening: Shri Jagdish Kapoor
- Internal Group to Review the Guidelines Relating to Commercial Paper: Dr.Y.V.Reddy
- High Power Committee on Urban Cooperative Banks: Shri Madhav Rao
- Working Group for setting up Credit Information Bureau in India: Shri N.H.Siddiqui
- Committee for Redesigning of Financial Statements of Non-Banking Financial Companies: Shri V.S.N. Murthy
- Working Group on Restructuring Weak Public Sector Banks: Shri M.S.Verma
Working Group for Working Out Modalities on Dissemination of Information in Electronic Form: Shri Y.S.P. Thorat and Shri C.R. Gopalasundaram - Committee on Technology Upgradation in the Banking Sector: Dr A.Vasudevan ]
- Working Group of EURO: Shri V.Subrahmanyam
- New Monetary Aggregates: Dr. Y.V. Reddy
- Committee on Capital Account Convertibility: Shri S.S.Tarapore
Saturday, December 4, 2010
INDIAN ECONOMY QUESTIONS
(A) Rate of money inflation
(B) Rate of money deflation
(C) Rate of devaluation
(D) All of the above
Ans : (A)
2. Which is not a monetary measure to control inflation ?
(A) Soft loan policy
(B) Hard credit policy
(C) Tight the regulation of money issue
(D) To reduce the quantity of money
Ans : (A)
3. Which is the monetary measure to control inflation ?
(A) Increase in taxation
(B) Decrease in taxation
(C) Soft credit policy
(D) Hard credit policy
Ans : (D)
4. Selling of securities in the open market by the central bank creates—
(A) Inflation
(B) Deflation
(C) Both of above
(D) None of the above
Ans : (B)
5. To control inflation the central bank should do—
(A) To sell government securities and to decrease bank rate
(B) To sell government securities and to increase bank rate
(C) To purchase government securities and to increase bank rate
(D) To purchase government securities and to decrease bank rate
Ans : (B)
6. To buy a book, from the market by giving money is called—
(A) Direct Exchange
(B) Indirect Exchange
(C) Direct and Indirect exchange
(D) This is not any type of exchange
Ans : (A)
7. Which of the following is not a direct tax ?
(A) Income tax
(B) Property tax
(C) Sales tax
(D) House tax
Ans : (C)
8. Ultimate burden of tax is known as—
(A) Impact
(B) Incidence
(C) Shifting of tax
(D) None of the above
Ans : (B)
9. When elasticity of demand and elasticity of supply are equal, the burden of tax ?
(A) Lies more on buyer
(B) Lies more on seller
(C) Lies equally on buyer and seller
(D) All of the above are false
Ans : (C)
10. Which of the following economists suggested tax on expenditure ?
(A) Dalton
(B) Musgrave
(C) Kaldor
(D) Van Philips
Ans : (A)
11. If interest payment is deducted from the fiscal deficit, then the balance is—
(A) Primary deficit
(B) Budgetary deficit
(C) Revenue deficit
(D) Monetary deficit
Ans : (A)
12. Which is the characteristic of a tax ?
(A) Tax is a payment for government service
(B) Tax is a compulsory payment
(C) Tax is voluntary
(D) To get benefit for a tax is compulsory
Ans : (B)
13. Which government income is included in revenue budget ?
(A) Tax-revenue
(B) Non-tax-revenue
(C) Both of above
(D) None of the above
Ans : (C)
14. Which is included in Capital budget ?
(A) Income received from public borrowings
(B) Income received from tax-sources
(C) Income received from non-tax sources
(D) All of the above
Ans : (A)
15. Which is not included in the principles of public expenditure as developed by Findley Shirras ?
(A) Principle of Economy
(B) Principle of Sanction
(C) Principle of Elasticity
(D) Principle of Surplus
Ans : (C)
16. Which of the following is the largest significant factor of revenue expenditure of Central Government ?
(A) Defence Expenditure
(B) Subsidy
(C) Interest Payment
(D) Salary
Ans : (C)
17. In comparison to revenue deficit; the size of fiscal deficit is always—
(A) Higher
(B) Smaller
(C) Similar
(D) Uncertain
Ans : (A)
18. What is CENVAT ?
(A) Direct Tax
(B) Indirect Tax
(C) Development Planning
(D) None of the above
Ans : (B)
19. Where is Indian Diamond Institute (IDI) established ?
(A) New Delhi
(B) Mumbai
(C) Surat
(D) Jaipur
Ans : (C)
20. What is the nature of income tax in India ?
(A) Proportional
(B) Progressive
(C) Regressive
(D) None of the above
Ans : (B)
21. Which factor is not related to economic development ?
(A) Continuous process
(B) Increase in real national income
(C) Long run and continuous increase
(D) Compulsory change in economic welfare
Ans : (D)
22. The index of measuring economic development is—
(A) Increase in productive assets
(B) National income
(C) Per-capita income
(D) Any of the above
Ans : (D)
23. Process of economic development means—
(A) Economic change
(B) Social change
(C) Ethical, institutional and cultural change
(D) All of the above
Ans : (D)
24. At 2004-05 prices, the per-capita national income in India during 2009-10 was—
(A) Rs. 21005
(B) Rs. 33588
(C) Rs. 25241
(D) Rs. 20241
Ans : (B)
25. What is the main characteristic of a capitalist or free market economy ?
(A) Individuals are the owners of factors of production
(B) Profit is the main motive of carrying out various activities
(C) Consumer freedom
(D) All of the above
Ans : (D)
26. According to population census 2001, the state of largest density of population is—
(A) Maharashtra
(B) Uttar Pradesh
(C) West Bengal
(D) Bihar
Ans : (C)
27. According to population census 2001, which union territory has the largest percentage of literacy ?
(A) Delhi
(B) Chandigarh
(C) Puducherry
(D) Lakshdweep
Ans : (D)
28. According to population census 2001, which of the following states is below the national average of literacy ?
(A) Maharashtra
(B) Gujarat
(C) Orissa
(D) West Bengal
Ans : (C)
29. As per population census 2001, what is the percentage of urban population in total population of India ?
(A) 25•8%
(B) 26•78%
(C) 27•78%
(D) 28•78%
Ans : (C)
30. What was infant mortality rate in India in 2008 ?
(A) 70 per thousand
(B) 65 per thousand
(C) 60 per thousand
(D) 53 per thousand
Ans : (D)
31. As per population census 2001 in which state literacy rate is lowest ?
(A) Bihar
(B) Rajasthan
(C) Orissa
(D) Sikkim
Ans : (A)
32. What has been the annual growth rate of population during 1991-2001 ?
(A) 2•20 %
(B) 2•14%
(C) 1•95%
(D) 1•00%
Ans : (C)
33. In the history of population growth of India, which year is called “the year of great divide” ?
(A) 1951
(B) 1947
(C) 1935
(D) 1921
Ans : (D)
34. What was the density of population per square km in India in 2001 ?
(A) 325 persons
(B) 333 persons
(C) 327 persons
(D) 345 persons
Ans : (A)
35. The factor that determines the change in population of a place is—
(A) Birth rate
(B) Death rate
(C) Migration
(D) All of these
Ans : (D)
36. In whose production U.P. occupies the first place in India ?
(A) Food grains production
(B) Milk production
(C) Production of sugarcane and sugar
(D) All of the above
Ans : (D)
37. The Headquarter of RBI is in—
(A) Delhi
(B) Mumbai
(C) Kanpur
(D) Nasik
Ans : (B)
38. Which state produces maximum soyabean ?
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Bihar
(D) Rajasthan
Ans : (A)
39. Which state produces maximum pulses in the country ?
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Orissa
(D) Maharashtra
Ans : (A)
40. Kasturba Gandhi Education Scheme is related to—
(A) Girl Education
(B) Adult Education
(C) Child Labour Education
(D) Tribal Women (above 18 years)
Ans : (A)
41. Which state stands first in the length of roads in the country ?
(A) Maharashtra
(B) Uttar Pradesh
(C) Madhya Pradesh
(D) Rajasthan
Ans : (A)
42. National Sample Survey Organisation (NSSO) was established in—
(A) 1950
(B) 1951
(C) 1952
(D) 1947
Ans : (A)
43. What is ‘green gold’ ?
(A) Tea
(B) Coffee
(C) Gold
(D) Rice
Ans : (A)
44. Which one is the leading state in the production of groundnut in the country ?
(A) Haryana
(B) Gujarat
(C) Rajasthan
(D) Uttar Pradesh
Ans : (B)
45. Which state in India produces maximum mica ?
(A) Madhya Pradesh
(B) Bihar
(C) Orissa
(D) Jammu and Kashmir
Ans : (B)
46. What is a foot loose industry ?
(A) Any industry which can locate virtually anywhere
(B) Foot loose industry has no strong national orientation in its location requirements
(C) Both of above
(D) None of the above
Ans : (C)
47. “Mahila Samridhi Yojana” was launched on—
(A) October 2, 1992
(B) October 2, 1993
(C) October 2, 1995
(D) January 1, 1996
Ans : (B)
48. Which of the following is not a member of South Asian Association for Regional Cooperation (SAARC) ?
(A) India
(B) Pakistan
(C) Bhutan
(D) None of these
Ans : (D)
49. Nowadays, the thurst areas of human development are—
(A) Health
(B) Gender Equity
(C) Gender Empowerment
(D) All of the above
Ans : (D)
50. According to area, which state is the largest ?
(A) Madhya Pradesh
(B) Rajasthan
(C) Uttar Pradesh
(D) Maharashtra
Ans : (B)
51. Demand curve of a firm under perfect competition is—
(A) Perfectly Inelastic
(B) Perfectly Elastic
(C) More Elastic
(D) Less Elastic
Ans : (B)
52. Which of the following equation is correct for perfect competition ?
(A) AR = MR = Price
(B) AR MR
(C) AR MR
(D) Price MR
Ans : (A)
53. Which equation is correct under normal profit ?
(A) AR = AC
(B) AR AC
(C) AR AC
(D) AR = AC = 0
Ans : (A)
54. The object of every producing firm is—
(A) To maximise production
(B) To minimise cost
(C) To maximise profit
(D) None of the above
Ans : (C)
55. Who determines price under perfect competition ?
(A) Representative firm
(B) Industry
(C) Normal firm
(D) Government
Ans : (B)
56. Marshall's representative firm is a long-run average firm while optimum firm is a—
(A) Maximum cost firm
(B) Minimum cost firm
(C) Marginal cost firm
(D) Average cost firm
Ans : (B)
57. In perfect competition average revenue curve is—
(A) Parallel to x-axis
(B) Parallel to y-axis
(C) Slopes down from left to right
(D) Slopes upward from left to right
Ans : (A)
58. In the long-run, perfect competitive firm gets—
(A) Only normal profit
(B) Abnormal profit
(C) Loss
(D) Any of the above
Ans : (A)
59. What minimum price is acceptable by a firm in the short-period ?
(A) Equal to AC
(B) Equal to AVC
(C) Equal to AFC
(D) Equal to TC
Ans : (B)
60. Selling cost is a must in—
(A) Pure monopoly
(B) Perfect competition
(C) Imperfect competition
(D) All of the above
Ans : (C)
61. Which category of land is rent less land ?
(A) First category of land
(B) Second category of land
(C) Third category of land
(D) Marginal land
Ans : (D)
62. Opportunity cast of a factor is known as—
(A) Transfer earning
(B) Money cost
(C) Present earning
(D) None of the above
Ans : (A)
63. Quasi Rent is—
(A) Equal to firm's total profit
(B) More than firm's total profit
(C) Less than firm's total profit
(D) None of the above
Ans : (D)
64. Which of the following can not be accepted factor of production ?
(A) Land
(B) Labour
(C) Light of sun
(D) Capital
Ans : (C)
65. Land is the only factor of production whose supply is ?
(A) More Elastic
(B) Perfectly Elastic
(C) Perfectly Inelastic
(D) Unitary Elastic
Ans : (C)
66. Rent will be produced at that time when ?
(A) Entire land is fertile
(B) Elasticity of supply of land is perfectly elastic
(C) Land is mobile
(D) None of the above
Ans : (D)
67. The Example of derived demand is—
(A) Demand for labour
(B) Demand for tea
(C) Demand for consumable commodity
(D) Income demand
Ans : (A)
68. Which of the following is an active factor of production ?
(A) Land
(B) Labour
(C) Capital
(D) Organisation
Ans : (B)
69. Who developed the innovation theory of profit ?
(A) Shumpeter
(B) Haley
(C) Prof. Knight
(D) Karl Marx
Ans : (A)
70. When the rate of money inflation increase then the prices of commodities ?
(A) Increase
(B) Decrease
(C) Remain constant
(D) Do not change
Ans : (A)
71. In common meaning, inflation is a condition in which—
(A) Price of commodity increases
(B) Value of money decreases
(C) Price of commodity and value of money both increase
(D) Price of commodity increases and value of money decreases
Ans : (D)
72. According to Keynes, real inflation takes place—
(A) Before the level of full employment
(B) On the level of full employment
(C) After the level of full employment
(D) All above are true
Ans : (C)
73. Which is the main reason of demand pull inflation ?
(A) Increase in money supply
(B) Increase in commercial expenditure
(C) Increase in foreign demand for goods
(D) All of the above
Ans : (D)
74. The reason for cost push inflation is—
(A) Increase in money wages
(B) Increase in rate of profit
(C) Both of above
(D) None of the above
Ans : (C)
75. What is necessary to control cost push inflation ?
(A) To impose control on wages of labour
(B) To remove market imperfections
(C) Both of the above
(D) None of the above
Ans : (C)
76. When was Consumer Protection Act enacted ?
(A) 1980
(B) 1985
(C) 1986
(D) 1991
Ans : (C)
77. When was Planning Commission formed ?
(A) March 15, 1950
(B) March 15, 1951
(C) August 15, 1947
(D) January 26, 1950
Ans : (A)
78. Planning Commission is—
(A) A statutory body
(B) A consultative body
(C) Both of above
(D) None of these
Ans : (B)
79. Who is the Chairman of Planning Commission ?
(A) President
(B) Prime Minister
(C) Finance Minister
(D) Home Minister
Ans : (B)
80. Who is the Deputy Chairman of Planning Commission ?
(A) Montek Singh Ahluwalia
(B) C. Rangrajan
(C) K. C. Pant
(D) None of the above
Ans : (A)
81. Who was the first Chairman of Planning Commission ?
(A) Jawahar Lal Nehru
(B) Raja Gopala Chari
(C) Mahatma Gandhi
(D) None of the above
Ans : (A)
82. Which of the following is the function of Planning Commission ?
(A) To estimate various resources of the country
(B) To prepare plan for the balanced and effective use of resources
(C) To review plan
(D) All of the above
Ans : (D)
83. When was National Development Council formed ?
(A) 15th March, 1950
(B) 6th August, 1951
(C) 6th August, 1952
(D) 26th January, 1950
Ans : (C)
84. Who becomes the Chairman of National Development Council ?
(A) President
(B) Prime Minister
(C) Finance Minister
(D) Minister of Planning
Ans : (B)
85. Final shape is given to plan by—
(A) Planning Commission
(B) Finance Minister
(C) National Development Council
(D) None of the above
Ans : (C)
86. When was first five year plan introduced ?
(A) 1st April, 1950
(B) 1st April, 1951
(C) 1st April, 1952
(D) 31st March, 1950
Ans : (B)
87. When was 10th five year plan introduced ?
(A) 1st April, 2002
(B) 1st April, 2003
(C) 1st April, 2004
(D) None of the above
Ans : (A)
88. Eleventh Five Year Plan Size (Centre Plus States) as percentage of GDP is—
(A) 9•46%
(B) 13•54%
(C) 15•25%
(D) 14•76%
Ans : (B)
89. What is the period of 11th five year plan ?
(A) 2006-2011
(B) 2007-2012
(C) 2008-2013
(D) 2009-2014
Ans : (B)
90. What is the revised target fixed for annual rate of growth of GDP during 11th five year plan ?
(A) 9%
(B) 8•1%
(C) 10%
(D) 10•5%
Ans : (B)
91. For which year the latest census is being conducted in India ?
(A) 2001
(B) 2010
(C) 2012
(D) 2011
Ans : (D)
92. How many censuses (including the 2011 census) have been carried out since independence ?
(A) 05
(B) 06
(C) 07
(D) 08
Ans : (C)
93. At what interval of years population census is conducted in India ?
(A) 05 years
(B) 06 years
(C) 10 years
(D) 15 years
Ans : (C)
94. When was first human development report of India issued ?
(A) March 2000
(B) April 2002
(C) June 2002
(D) April 2001
Ans : (B)
95. In which religion largest population growth was noticed during 1991-2001 ?
(A) Hindu
(B) Muslim
(C) Christian
(D) Sikhs
Ans : (B)
96. According to population census 2001, population of India as on March 1, 2001 was—
(A) 102•87 crore
(B) 100•20 crore
(C) 99 crore
(D) 98 crore
Ans : (A)
97. In which of the following states the percentage of scheduled caste population is maximum as per final figures of population census 2001 ?
(A) Uttar Pradesh
(B) Madhya Pradesh
(C) Kerala
(D) Punjab
Ans : (D)
98. In which state the literacy rate of women is highest ?
(A) Tamil Nadu
(B) Kerala
(C) Mizoram
(D) West Bengal
Ans : (B)
99. According to population census 2001, which of the following states shows largest growth of population during 1991-2001 ?
(A) M.P.
(B) Manipur
(C) Rajasthan
(D) Nagaland
Ans : (D)
100. According to population census 2001, what is the number of women per 1000 men in India ?
(A) 939
(B) 959
(C) 933
(D) 927
Ans : (C)
101. “An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist—
(A) Adam Smith
(B) Marshall
(C) Robbins
(D) None of above
Ans : (A)
102. “Economics is the Science of Wealth” who gave this definition ?
(A) J. K. Mehta
(B) Marshall
(C) Adam Smith
(D) Robbins
Ans : (C)
103. “Economics is what economists do.” It has been supported by—
(A) Richard Jones
(B) Comte
(C) Gunnar Myrdal
(D) All of the above
Ans : (D)
104. “Human Welfare is the subject of Economics.” This statement is associated with the name of which of the economists ?
(A) Marshall
(B) Pigou
(C) Penson
(D) All of the above
Ans : (D)
105. Who has given scarcity definition of economics ?
(A) Adam Smith
(B) Marshall
(C) Robbins
(D) Robertson
Ans : (C)
106. “Economics is a science” the basis of this statement is—
(A) Relation between cause and effect
(B) Use of deductive method and inductive method for the formations of laws
(C) Experiments
(D) All of the above
Ans : (D)
107. Characteristics of economic laws are—
(A) Mere statements of economic tendencies
(B) Less certain
(C) Hypothetical
(D) All of the above
Ans : (D)
108. Which theory is generally included under micro economics ?
(A) Price Theory
(B) Income Theory
(C) Employment Theory
(D) None of the above
Ans : (A)
109. Whose opinions have revolutionised the scope of macro economics ?
(A) Adam Smith
(B) J.B. Say
(C) J.M. Keynes
(D) All of the above
Ans : (C)
110. Which of the following is an economic activity ?
(A) Teaching of a teacher in the school
(B) To teach son at home
(C) To serve her child by mother
(D) To play football by a student
Ans : (A)
111. Passive factor of production is—
(A) Only land
(B) Only capital
(C) Both land and capital
(D) Neither land nor capital
Ans : (C)
112. Under law of demand—
(A) Price of commodity is an independent variable
(B) Quantity demanded is a dependent variable
(C) Reciprocal relationship is found between price and quantity demanded
(D) All of the above
Ans : (D)
113. For inferior commodities, income effect is—
(A) Zero
(B) Negative
(C) Infinite
(D) Positive
Ans : (B)
114. When total utility becomes maximum, then marginal utility will be—
(A) Minimum
(B) Average
(C) Zero
(D) Negative
Ans : (C)
115. Utility means—
(A) Power to satisfy a want
(B) Usefulness
(C) Willingness of a person
(D) Harmfulness
Ans : (A)
116. Marginal utility is equal to average utility at that time when average utility is—
(A) Increasing
(B) Maximum
(C) Falling
(D) Minimum
Ans : (B)
117. At point of satiety, marginal utility is—
(A) Zero
(B) Positive
(C) Maximum
(D) Negative
Ans : (A)
118. Which of the following is the second law of Gossen ?
(A) Law of equi-marginal utility
(B) Law of equi-product
(C) Theory of indifference curve
(D) Law of diminishing marginal utility
Ans : (A)
119. Total utility of a commodity is measured by which price of that commodity ?
(A) Value in use
(B) Value in exchange
(C) Both of above
(D) None of above
Ans : (A)
120. According to Marshall, the basis of consumer surplus is—
(A) Law of diminishing marginal utility
(B) Law of equi-marginal utility
(C) Law of proportions
(D) All of the above
Ans : (A)
121. Which commodity can be called as Giffen commodity ?
(A) Inferior commodity
(B) Superior commodity
(C) Any of above
(D) None of the above
Ans : (A)
122. The price of a commodity is determined where—
(A) Demand supply
(B) Demand supply
(C) Demand = supply
(D) None of the above
Ans : (C)
123. In perfect competition, the demand for a commodity is—
(A) Elastic
(B) Perfectly elastic
(C) Inelastic
(D) Perfectly inelastic
Ans : (B)
124. Which condition is not found in perfect competition ?
(A) Many buyers and sellers
(B) Perfect knowledge about market conditions
(C) Product differentiation
(D) Perfect factor-mobility
Ans : (C)
125. In which market, a firm cannot determine price ?
(A) Perfect competition
(B) Monopoly
(C) Monopolistic competition
(D) Oligopoly
Ans : (A)
126. Which is not the characteristic of socialist or planned economy ?
(A) Government is the owner of resources
(B) Production decisions are determined by the government
(C) Profit motive
(D) None of the above
Ans : (C)
127. The main feature of mixed economy is—
(A) Combination of free market economy and centrally planned economy
(B) Production is carried out by private individuals and government
(C) Both of the above
(D) None of the above
Ans : (C)
128. What per cent of GDP at 2004-05 prices was contributed by agriculture and related sectors in 2009-10 ?
(A) 14•6%
(B) 17•6%
(C) 19•0%
(D) 19•8%
Ans : (A)
129. According to World Development Report 2010, Low income economies are those whose per-capita gross national income is—
(A) $ 975 or less than this
(B) Less than $ 11905
(C) Less than $ 4526
(D) None of the above
Ans : (A)
130. Which of the following country's economy is known as high income economy ?
(A) America
(B) U.K.
(C) Singapore
(D) All of the above
Ans : (D)
131. How much percentage of working population in India depends on agriculture as per economic survey 2009-10 ?
(A) 52%
(B) 70%
(C) 73%
(D) 75%
Ans : (A)
132. Which policy of economic system has been adopted by India for its economic development ?
(A) Capitalist Economy
(B) Mixed Economy
(C) Socialist Economy
(D) Centralised Planned Economy
Ans : (B)
133. A positive aspect of economic development after independence is—
(A) Creation of a large industrial base
(B) Proportion of population living below poverty line has declined
(C) Self sufficient in the production of food grains
(D) All of the above
Ans : (D)
134. The negative aspect of economic development after independence is—
(A) Problems of poverty and unemployment have not been eliminated
(B) Industrialisation did not take place as expected
(C) Many public sector enterprises started making losses
(D) All of the above
Ans : (D)
135. Reasons for the privatisation and liberalisation of public sector after 1991 are—
(A) Corruption
(B) Lack of efficiency in work
(C) Ineffective management
(D) All of the above
Ans : (D)
136. The main strategy adopted in the new economic policy of 1991 is—
(A) Liberalisation
(B) Privatisation
(C) Globalisation
(D) All of the above
Ans : (D)
137. How many industries have been reserved for government sector at present ?
(A) 03
(B) 04
(C) 05
(D) 06
Ans : (A)
138. How many industries are kept for compulsory licensing at present ?
(A) 03
(B) 06
(C) 05
(D) 07
Ans : (C)
139. Agriculture sector registered 1•6% growth in 2008-09 and what is estimated for 2009-10 ?
(A) 6%
(B) 4•3%
(C) 0•2%
(D) 0•9%
Ans : (C)
140. When was World Trade Organisation set up by the member countries of the united Nations to promote trade among countries ?
(A) 1994
(B) 1995
(C) 1999
(D) 2005
Ans : (B)
141. Where is the Headquarter of WTO located ?
(A) Newyork
(B) Washington
(C) Peris
(D) Geneva
Ans : (D)
142. The main objective of WTO is—
(A) Import and export restrictions to be abolished
(B) Instead of bilateral agreements, WTO expects the countries to follow multilateral agreements
(C) To regulate international trade of both goods and services
(D) All of the above
Ans : (D)
143. The largest source of National Income in India is—
(A) Agriculture Sector
(B) Industry Sector
(C) Service Sector
(D) Trade Sector
Ans : (C)
144. In which state the percentage of people living below poverty line is largest ?
(A) Orissa
(B) Bihar
(C) M.P.
(D) U.P.
Ans : (A)
145. Which of the following programmes is not for rural poverty eradication ?
(A) SGSY
(B) SJSRY
(C) PMGY
(D) All above programmes are for rural poverty eradication
Ans : (B)
146. The cause of rise in prices of goods, in the market is—
(A) Rise in money supply
(B) Increase in cost of production
(C) Increase in stocks of goods and blackmarketing
(D) All of the above
Ans : (D)
147. Changes in the prices of goods in India is measured by which of the following index numbers ?
(A) Wholesale Price Index (WPI)
(B) Consumer Price Index (CPI)
(C) Both of above
(D) None of these
Ans : (C)
148. Which year has been currently used as the base year to estimate national income in India by CSO ?
(A) 2004-05
(B) 1993-94
(C) 2001-02
(D) 1999-2000
Ans : (A)
149. Which of the following remedies are adopted to control price rise in the economy ?
(A) Monetary measures
(B) Fiscal measures
(C) Administered price mechanism
(D) All of the above
Ans : (D)
150. The term “Evergreen Revolution” has been used for increasing agricultural production in India by—
(A) Norman Barlogue
(B) Raj Krishna
(C) M. S. Swaminathan
(D) R. K. V. Rao
Ans : (C)