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- Question
The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?
Options- A. Fund
- B. Fast
- C. Financial
- D. First
- Correct Answer
- Financial
ExplanationIFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India :
1. RTGS - The Real Time Gross Settlement (and)
2. NEFT - The National Electronic Fund Transfer (NEFT) systems.
- 1. Which company has overtaken Oil and Natural Gas Corp (ONGC) to become India?s most profitable state-owned company ?
Options- A. Indian Oil Corporation
- B. SAIL
- C. Hindustan Petroleum
- D. GAIL Discuss
- 2. Who said 'Supply creates its own demand' ?
Options- A. Marshall
- B. Ricardo
- C. Adam Smith
- D. J. B. Say Discuss
- 3. What is Rank of India in World business optimism ranking?
Options- A. 4th
- B. 6th
- C. 5th
- D. 7th Discuss
- 4. India has ranked _____ rank in World Bank's 'Ease of doing business' index.
Options- A. 100
- B. 101
- C. 99
- D. 102 Discuss
- 5. Second Nationalization of Commercial Banks in India took place in ?
Options- A. 1890
- B. 1969
- C. 1972
- D. 1980 Discuss
- 6. The term 'mixed economy' denoted
Options- A. existence of both rural and urban sectors
- B. existence of both private and public sectors
- C. existence of both heavy and small industries
- D. existence of both developed and underdeveloped sectors Discuss
- 7. Fiscal Policy is concerned with
Options- A. Government Spending and Taxation
- B. Money Supply
- C. Government Spending, Money Supply and Taxation
- D. Taxation Discuss
- Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks
- Fiscal policy is the collective term for the taxing and spending actions of governments.
- 8. What is the India?s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?
Options- A. 6.25 % to 7.5%
- B. 6.55 % to 7.25%
- C. 6.55 % to 7.5%
- D. 6.75 % to 7.5% Discuss
- 9. The term stagflation refers to a situation where ?
Options- A. Growth has no relation with the change in prices
- B. Rate of growth is faster than the rate of price increase
- C. Rate of growth is slower than the rate of price increase
- D. Rate of growth and prices both are decreasing Discuss
- 10. India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development.
Options- A. 45th
- B. 145th
- C. 107th
- D. 56th Discuss
Indian Economy problems
Search Results
Correct Answer: Indian Oil Corporation
Explanation:
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India?s most profitable state-owned company. IOC, which has for decades been India?s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
Correct Answer: J. B. Say
Correct Answer: 7th
Explanation:
India slips to 7th position on the business optimism ranking.
The results of Grant Thornton?s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.
Correct Answer: 100
Correct Answer: 1980
Explanation:
First nationalisation of commercial banks in India took place in 1969 and second time in 1980.
Correct Answer: existence of both private and public sectors
Correct Answer: Government Spending and Taxation
Explanation:
The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.
Correct Answer: 6.75 % to 7.5%
Explanation:
The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India?s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.
Correct Answer: Rate of growth is slower than the rate of price increase
Explanation:
Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).
Correct Answer: 45th
Explanation:
India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was ?pushed out? of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development?s (IMD) World Competitiveness Center.
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