Indian Economy Model Questions for GS

1. Which of the rate is not determined by Reserve Bank of India ?
(A) Bank Rate
(B) CRR
(C) SLR
(D) PLR
Ans : (D)

2. 11th Plan Draft Document as approved by Planning Commission presents a target of 4% annual growth for agriculture. For industry and service sector growth rate has been targeted between—
(A) 7 to 9%
(B) 8 to 10%
(C) 9 to 11%
(D) 10 to 15%
Ans : (C)

3. Total Fertility Rate (TFR) per woman for the year 2007 has been estimated at—
(A) 2•5
(B) 2•7
(C) 2•8
(D) 2•9
Ans : (B)


4. Which year has been declared as International Year of Potato by the U.N. ?
(A) 2007
(B) 2008
(C) 2009
(D) 2010
Ans : (B)

5. Planning Commission has given a forecast of India’s GDP growth rate for 2010-11 at—
(A) 6•5%
(B) 7•0%
(C) 7•5%
(D) 8•0%
Ans : (D)

6. 13th Finance Commission was constituted under the Chairmanship of—
(A) C. Rangrajan
(B) Vijay L. Kelkar
(C) Deepak Parekh
(D) Indira Bhargava
Ans : (D)

7. As per FRBM Act, 2003 the target year of achieving zero revenue deficit is—
(A) 2008–09
(B) 2009–10
(C) 2010–11
(D) 2011–12
Ans : (A)

8. In its fourth advance estimates of Kharif foodgrains for 2009-10. Agriculture Ministry estimated the production of—
(A) 94•03 million tonne
(B) 99•54 million tonne
(C) 101•34 million tonne
(D) 103•68 million tonne
Ans : (B)

9. The new base year of newly constituted Wholesale Price Index on the recommendation of Abhijit Sen Committee is—
(A) 2000-01
(B) 2002-03
(C) 2004-05
(D) 2005-06
Ans : (C)

10. For the year 2010-11, the disinvestment target set by the government is—
(A) Rs. 15000 crore
(B) Rs. 25000 crore
(C) Rs. 30000 crore
(D) Rs. 35000 crore
Ans : (B)

11. Govt. has allowed Delhi International Airport Ltd. (DIAL) to impose ‘Airport Development Fee’ (ADF) on domestic and international passengers at the rate of—
(A) Rs. 200 & Rs. 1300 per passenger respectively
(B) Rs. 200 & Rs. 1000 per passenger respectively
(C) Rs. 100 & Rs. 1000 per passenger respectively
(D) Rs. 100 & Rs. 500 per passenger respectively
Ans : (A)

12. Service Tax Collections for 2009-10 (Budget Estimates) was proposed at Rs. 65000 crore but Revised Estimates remained at—
(A) Rs. 58000 crore
(B) Rs. 61000 crore
(C) Rs. 65000 crore
(D) Rs. 68500 crore
Ans : (A)

13. For international money transfer which Indian public sector bank has signed MoU with ‘Money Gram’ company of America ?
(A) State Bank of India
(B) Bank of Baroda
(C) Punjab National Bank
(D) Central Bank of India
Ans : (C)

14. For marketing year 2010-11, the minimum support price (MSP) for wheat has been fixed at—
(A) Rs. 980 per quintal
(B) Rs. 1080 per quintal
(C) Rs. 1100 per quintal
(D) Rs. 1120 per quintal
Ans : (C)

15. After the purchase of 200 tonne gold from IMF, India’s Central Bank RBI became the……… largest gold holding Central Bank in the country.
(A) Third
(B) Fourth
(C) Sixth
(D) Tenth
Ans : (D)

16. As per Railway Budget 2010-11 the operating ratio for 2009-10 (Revised Estimates) has been estimated at—
(A) 75•9%
(B) 92•3%
(C) 89•9%
(D) 94•7%
Ans : (D)

17. The estimated fiscal deficit for the year 2009-10 as shown in Budget 2010-11 stands at—
(A) 4•4% of GDP
(B) 5•9% of GDP
(C) 6•7% of GDP
(D) 6•9% of GDP
Ans : (C)

18. Which of the following group has so far acquired the maximum number of Ultra Mega Power Projects (UMPP) ?
(A) Tata Group
(B) J. P. Hydro
(C) Reliance Power
(D) Power Grid Corporation
Ans : (C)

19. Which of the following contributes the maximum earnings in Indian Railways ?
(A) Goods Traffic Earning
(B) Passenger Earning
(C) Sundry Earning
(D) Other Coach Earning
Ans : (A)

20. In Forbes India Rich list 2010 who tops the list and became the richest Indian ?
(A) Mukesh Ambani
(B) Anil Ambani
(C) Laxmi Mittal
(D) Azim Premjee
Ans : (A)