Indian Economy Based Previous Year Model Solved Questions

Current affairs & Gk Questions  on Indian Economy

1. The State having the highest literacy rate among woman in India is—
(A) Tamil Nadu
(B) Kerala
(C) West Bengal
(D) Maharashtra
Ans : (B)

2. IRDP was introduced in the year—
(A) 1978-79
(B) 1979-80
(C) 1980-81
(D) 1981-82
Ans : (A)

3. As per 61st Round of NSSO Survey employment growth rate during 1999-2000 to 2004-05 has been estimated to be—
(A) 2•6%
(B) 2•8%
(C) 3•0%
(D) 3•2%
Ans : (A)

4. Oil Refinery at Bhatinda is being established by—
(A) IOC
(B) HPCL
(C) Reliance
(D) BPCL
Ans : (B)

5. The new Share Price Index (in dollar value) of Mumbai Share Market is—
(A) DOLEX
(B) UREX
(C) FOREX
(D) SENSEX
Ans : (A)

6. BCCI is—
(A) An International Terrorist Organisation
(B) An International Industrial Organisation
(C) A Movement for International Peace
(D) An International Banking Organisation
Ans : (D)

7. Index ‘Residex’ is associated with—
(A) Share Prices
(B) Mutual Fund Prices
(C) Price Inflation Index
(D) Land Prices
Ans : (D)

8. The outlines of second five year plan was made by—
(A) B. N. Gadgil
(B) VKRV Rao
(C) P. C. Mahalanobis
(D) C. N. Vakil
Ans : (C)

9. Committee on Economic Affairs of Union Cabinet has decided to raise share capital of NACIL (National Aviation Company of India Ltd.) by—
(A) Rs. 500 crore
(B) Rs. 600 crore
(C) Rs. 700 crore
(D) Rs. 800 crore
Ans : (D)

10. NABARD was established in—
(A) Fourth Plan
(B) Fifth Plan
(C) Sixth Plan
(D) Eighth Plan
Ans : (C)

11. Devaluation means—
(A) To reduce the value of home currency in other currency
(B) To appreciate the value of home currency
(C) To issue new currency in place of old currency
(D) None of these
Ans : (A)

12. During the first quarter period of 2010-11 indirect tax revenue collection showed a growth of……
(A) 25%
(B) 33%
(C) 43%
(D) 48%
Ans : (C)

13. Government has issued an ordinance announcing ULIPs as ‘Insurance Product’. The regulations of ULIPs will now be done by—
(A) SEBI only
(B) IRDA only
(C) Both SEBI and IRDA
(D) Government itself
Ans : (B)

14. In its latest move, CSO has shifted the base year for national income estimates—
(A) From 1990-91 to 1999-2000
(B) From 1993-94 to 2004-2005
(C) From 2000-01 to 2004-05
(D) From 1999-2000 to 2004-05
Ans : (D)

15. The number of approved share markets in India—
(A) 19
(B) 20
(C) 23
(D) 24
Ans : (D)

16. After merger of Air India and Indian Airlines, the new entity is now known as—
(A) India Airlines
(B) Air India
(C) Indian
(D) Indian Airways
Ans : (B)

17. Dalal Street is situated at—
(A) London
(B) Paris
(C) Mumbai
(D) New Delhi
Ans : (C)

18. RBI was nationalised in—
(A) 1959
(B) 1947
(C) 1945
(D) 1949
Ans : (D)

19. Who was the Chairman of the Working Group of Planning Commission which had suggested the shifting of base year of Wholesale Price Index from 1993-94 to 1999-2000 ?
(A) Dr. C. Rangrajan
(B) Prof. Abhijit Sen
(C) Prof. A. R. Khusro
(D) Prof. Janakiraman
Ans : (B)

20. SBI (Subsidiary Banks Laws) Amendment Bill passed by the Parliament allows SBI to reduce its holding in its seven subsidiary banks from—
(A) 100% to 75%
(B) 75% to 50%
(C) 75% or more to 51%
(D) 75% or more to 49%
Ans : (C)