Indian Economy problems
- 1. The Largest Component of National Income is
Options- A. Proprietors Income
- B. Compensation of Employees
- C. Corporate Profits
- D. Rental Income Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: Compensation of Employees
Explanation:
National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.
National Income is categorized into 6 components. They are :
1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net Interest
The Largest Component of National Income is Compensation of Employees.
The Largest component of National Income in India is Service Sector.
- 2. Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issuse is required to maintain assets worth not less than:
Options- A. 85 crore of rupees
- B. 115 crore of rupees
- C. 200 crore of rupees
- D. 210 crore of rupees Discuss
Correct Answer: 115 crore of rupees
- 3. Total Output is a synonym for
Options- A. aggregate demand
- B. gross domestic product
- C. aggregate supply
- D. equilibrium Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: aggregate supply
Explanation:
Total Output is a synonym for Aggregate supply or Initial production.
- 4. Who was appointed as Deputy Governor of RBI recently ?
Options- A. SS Mundra
- B. Viral Acharya
- C. Urjit Patel
- D. R Gandhi Also asked in: CAT, Bank PO
Correct Answer: Viral Acharya
Explanation:
The government on 28th December, 2016 appointed Viral Acharya as the Deputy Governor of the RBI. He will be joining the ranks of NS Vishwanathan, SS Mundra, R Gandhi as one of four Deputy Governors under RBI Governor Urjit Patel. Acharya has been serving as a Professor of Economics at the New York University Stern School of Business since 2008.
- 5. India has emerged as the _______largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17.
Options- A. 1st
- B. 2nd
- C. 3rd
- D. 4th Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 3rd
Explanation:
The central government has said that India has emerged as the 3rd largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17. This was stated by minister of state for civil aviation Jayant Sinha at a media event on the achievements of the ministry of civil aviation on the completion of three years of the NDA government.
- 6. States earn maximum revenue through
Options- A. excise duties
- B. commercial taxes
- C. land revenue
- D. custom revenue Also asked in: CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk, Analyst
Correct Answer: commercial taxes
- 7. Which Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) ?
Options- A. SBI
- B. Dena Bank
- C. IDBI Bank
- D. Yes Bank Also asked in: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: IDBI Bank
Explanation:
IDBI Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance.
- 8. NREGP is the abbreviated form of
Options- A. National Rural Employment Guarantee Programme
- B. National Rural Educational Guarantee Programme
- C. National Rapid Employment Guarantee Programme
- D. National Rapid Educational Guarantee Programme Discuss
Correct Answer: National Rural Employment Guarantee Programme
- 9. Who was appointed as Director General of Goods and Service Tax Intelligence (DG GSTI) ?
Options- A. Uttam Singh
- B. Gurindar Chadha
- C. Richard Verma
- D. John Joseph Also asked in: Bank Exams, CAT, Bank Clerk
Correct Answer: John Joseph
- 10. Which of the following is an example of representative money?
Options- A. Salt
- B. A tract of land
- C. Gold
- D. A check Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: A check
Explanation:
Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,...
Hence, a Check is an example of representative money.
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