Indian Economy problems
- 1. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
Options- A. 1984
- B. 1986
- C. 1987
- D. 1989 Discuss
Correct Answer: 1987
- 2. States earn maximum revenue through
Options- A. land revenue
- B. custom revenue
- C. commercial taxes
- D. excise duties on intoxicants Discuss
Correct Answer: commercial taxes
- 3. Paper currency first started in India in
Options- A. 1861
- B. 1542
- C. 1601
- D. 1880 Discuss
Correct Answer: 1861
- 4. How many banks were nationalized in 1969?
Options- A. 16
- B. 14
- C. 15
- D. 20 Discuss
Correct Answer: 14
- 5. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
Options- A. State Trading Corporation
- B. Regional Rural Banks
- C. National Bank for Agriculture and Rural Development (NABARD)
- D. Indian Council of Agricultural Research Discuss
Correct Answer: Indian Council of Agricultural Research
- 6. The current price index (base 1960) is nearly 330. This means that
Options- A. all items cost 3-3 times more than what they did in 1960
- B. the prices of certain selected items have gone up to 3-3 times
- C. weighted means of prices of certain item has increased 3-3 times
- D. gold price has gone up 3-3 times Discuss
Correct Answer: weighted means of prices of certain item has increased 3-3 times
- 7. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
- A large number of farmers are illiterate and know little about scientific agriculture
- Prices of primary products are lower than those of manufactured products
- Investment in agriculture has been low when compared to investment in industry
Options- A. I, II, III
- B. I, II
- C. I, III
- D. II, III Discuss
Correct Answer: I, II, III
- 8. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
Options- A. 15 to 20 percent
- B. 20 to 25 percent
- C. 25 to 30 percent
- D. 30 to 35 percent Discuss
Correct Answer: 20 to 25 percent
- 9. In the second nationalization of commercial banks, ___ banks were nationalized.
Options- A. 4
- B. 5
- C. 6
- D. 8 Discuss
Correct Answer: 6
- 10. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Options- A. Chemicals other than fertilizers
- B. Services sector
- C. Food processing
- D. Telecommunication Discuss
Correct Answer: Telecommunication
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