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Multiple Choice Questions GK on Indian economy

Question 1 : Which of the following items would not appear in a companys balance sheet?

A. Cash held at the bank

B. Revenue from sales of the companys products

C. Total issued capital

D. Value of stocks of raw materials held

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Question 2 : Which of the following is the most appropriate cause of exports surplus?

A. None of the above

B. Developments in national and international markets

C. Countrys stringent import policy

D. Countrys exports promotion value

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Question 3 : Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

A. ONGC

B. GAIL

C. Essar Oil

D. Reliance Energy

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Question 4 : Which of the following is not viewed as a national debt?

A. Long-term Government Bonds

B. National Saving Certificate

C. Life Insurance Policies

D. Provident Fund

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Question 5 : Which of the following is not an undertaking under the administrative control of Ministry of Railways?

A. Diesel Locomotive Works, Varanasi

B. Indian Railways Construction Company Limited

C. Konkan Railway Corporation Limited

D. Container Corporation of India Limited

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Question 6 : Which of the following is not a part of machinery that settles industrial disputes?

A. Board of Conciliation

B. Conciliation officers

C. Works Committee

D. Wage Court

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Question 7 : The first wholly Indian Bank was set up in

A. 1902

B. 1896

C. 1894

D. 1794

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Question 8 : The current price index (base 1960) is nearly 330. This means that

A. gold price has gone up 3-3 times

B. weighted means of prices of certain item has increased 3-3 times

C. the prices of certain selected items have gone up to 3-3 times

D. all items cost 3-3 times more than what they did in 1960

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Question 9 : The currency convertibility concept in its original form originated in

A. None of the above

B. Taylors Agreement

C. Bretton Woods Agreement

D. Wells Agreement

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Question 10 : The co-operative credit societies have a

A. five-tier structure

B. four-tier structure

C. three-tier structure

D. two-tier structure

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Question 11 : The condition of indirect taxes in the countrys revenue is approximately

A. 86 percent

B. 80 percent

C. 75 percent

D. 70 percent

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Question 12 : The central co-operative banks are in direct touch with

A. central government

B. land development banks

C. farmers

D. farmers

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Question 13 : The budget deficit means

A. fiscal deficit less interest payments

B. difference between all receipts and all the expenditure

C. difference between revenue receipts and revenue expenditure

D. the excess of total expenditure, including loans, net of lending over revenue receipts

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Question 14 : The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A. 1989

B. 1987

C. 1986

D. 1984

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Question 15 : The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

A. Central Liquid Reserve (CLR)

B. Central Bank Reserve (CBR)

C. Statutory Liquid Ratio (SLR)

D. Statutory Bank Ratio (SBR)

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