Indian Economy One Liners : General Knowledge Questions Answers

Indian Economy One Liners GK Questions
1. When had India a plan holiday? – After the drought of 1966
2. Which bank is the Banker of the Banks? – RBI
3. Which is the biggest Public Sector undertaking in the country? – Railways
4. What is the mean of Invisible Export? – Export Services
5. During which Plan did prices show a decline? – First
6. Why does the Issue Department of the RBI maintain a against printing of note? – Minimum Reserve System
7. From when was the Zero Base Budgeting in India first experimented? – April, 1987
8. What is an essential attribute of inflation? – Increase in prices
9. Which is the oldest stock exchange in world? – Amsterdam Stock Exchange
10. Which situation makes a firm most efficient? – Lowest average costs
11. From the view of International economy, What does third World imply? – The developing countries
12. What is the situation with increasing unemployment and inflation termed? – Stagflation
13. If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? – Increase
14. What is the main source of revenue to meet different expenditures? – Internal borrowings
15. In which policy India opted for ‘Mixed Economy’? – Industrial Policy of 1948
16. What does M3 include? – M1 + T.D
17. Which is the regulatory authority for giving clearance for External Commercial borrowing? – RBI
18. With which Economic growth is usually coupled? – Inflation
19. The ‘Uruguay Round’ negotiations resulted in the establishment of which organization? – WTO
20. In which year was Minimum inflation in post economic reform? – 1999-2000
21. Which is the oldest stock exchange of India? – Bombay Stock Exchange
22. CENVAT is associated with which rate? – Rate of indirect tax
23. For internal financing of Five Year Plans, the government depends on which source? – Taxation only
24. In India, which first bank of limited liability managed by Indians and founded in 1881? – Oudh Commercial Bank
25. By whom was the first estimate of national income in India made? – Dadabhai Naoroji

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