Indian Economy Quiz for Competitive Exams (from Previous Papers)

sponsored links

1. The symbol of Reserve Bank of India is ?
1. Capitol of Ashoka Pillar
2. Kuber with a purse of money
3. Tiger before a Palm tree
4. A dog sitting in a defensive state
2. For whom was the first departmental life insurance started ?
1. Army
2. Civil officers of Central Government
3. Employees of postal department
4. Life Insurance Corporation
   
3. What is the animal on the insignia of the RBI ?
1. Lion
2. Tiger
3. Panther
4. Elephant
4. The main source of revenue for a State Government in India is ?
1. Sales Tax
2. Excise duty
3. Income Tax
4. Property Tax
5. To achieve high rates of growth of national output, the economy has to ?
1. reduce the rate of growth of population
2. borrow foreign capital
3. step up the rate of savings
4. increase the rate of investment and reduce the capital output ratio
6. The proceeds of income tax go to 
1. Central Government
2. State Government
3. Centre and States 
4. Corporation authorities
7. National income refers to 
1. money value of goods and services produced in a country during a year
2. money value of stocks and shares of a country during a year
3. money value of  capital goods produced by a country during a year
4. money value of consumer goods produced by a country during a year  
8. A Scheduled Bank is one which is included in the 
1. II Schedule of Banking Regulation Act
2. II Schedule of Constitution
3. II Schedule of Reserve Bank of India Act
4. None of the above
9. What is the extent of change of the literacy rate envisaged by the end of the Xth Five Year Plan ?
1. From 65% to 75%
2. From 60% to 70%
3. From 50% to 55%
4. From 45% to 50%
10. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has 'ecology' depicted on it ?
1. Rs. 500
2. Rs. 100
3. Rs. 50
4. Rs. 5
11. What has been the order of India's imports during the last three years ?
1. US $ 30 billion
2. US$ 40 billion
3. US$ 50 billion
4. US$ 60 billion
12. What is the purpose of the India Brand Equity Fund ?
1. To promote in-bound tourism
2. To make 'Made in India' a label of quality
3. To organize trade fairs
4. To provide venture capital to IT sector
13. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it  ?
1. Rs. 500
2. Rs. 100
3. Rs. 50
4. Rs. 10
14. What are 'Open Market Operations' ?
1. Activities of SEBI registered brokers
2. Selling of currency by the RBI
3. Selling of gilt-edged securities by the Government
4. Sale of shares by FIIs
15. Why did the Government ban the import of "Terminator Seeds" ?
1. To contain a virus which can destroy local crops
2. These seeds are injurious to human and animal health
3. These seeds contain genetically engineered properties to prevent further multiplication
4. These seeds multiply at very slow rates

sponsored links