Indian Economy problems
- 1. STEP is the abbreviated name of the welfare programme to help
Options- A. Children
- B. Woman
- C. Farmers
- D. Senior citizens Discuss
Correct Answer: Woman
- 2. Second Nationalization of Commercial Banks in India took place in ?
Options- A. 1890
- B. 1969
- C. 1972
- D. 1980 Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 1980
Explanation:
First nationalisation of commercial banks in India took place in 1969 and second time in 1980.
- 3. India has ranked _____ rank in World Bank's 'Ease of doing business' index.
Options- A. 100
- B. 101
- C. 99
- D. 102 Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 100
- 4. What is Rank of India in World business optimism ranking?
Options- A. 4th
- B. 6th
- C. 5th
- D. 7th Also asked in: Bank Exams, CAT, Bank Clerk
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.
- 5. Who said 'Supply creates its own demand' ?
Options- A. Marshall
- B. Ricardo
- C. Adam Smith
- D. J. B. Say Also asked in: Bank Exams, CAT, Bank Clerk
Correct Answer: J. B. Say
- 6. 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 Also asked in: Bank Exams, CAT, Bank Clerk
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.
- 7. 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 Also asked in: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Financial
Explanation:
IFSC 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.
- 8. 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
Correct Answer: existence of both private and public sectors
- 9. Fiscal Policy is concerned with
Options- A. Government Spending and Taxation
- B. Money Supply
- C. Government Spending, Money Supply and Taxation
- D. Taxation Also asked in: CAT, Bank Exams, Bank PO, Bank Clerk, Analyst
- 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.
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.
- 10. 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
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.
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