Indian Economy Notes for SSC, IAS, UPSC, IBPS Bank Exams

1. Who was the Chairman of 14th Finance Commission? – Dr. Y.V.Reddy
2. The India Institute of Advanced Studies is located in– Shimla
3. Virtual water implies– Volume of water required to produce a commodity or service
4. The main security guard of International Trade is– WTO
5. The Government Securities on which no interest is paid and the Government only pays the Face Value of the bond on its maturity are called– Zero Coupon Bonds
6. Meera Seth Committee was associated with– the development of handloom industry
7. Which company has started a rural marketing network called e-chaupals ? – ITC
8. Non-Resident Inday Day is observed on– January 9
9. 'Closed Economy' is that economy in which– Neither export nor import takes place
10. The document 'Planning Commission's India Vision 2020' has been proposed by– A Committee headed by Shyam Prasad Gupta
11. Where was First Trade Point in India established? – New Delhi (August 16, 1994)
12. Nabinagar Power Plant situated in Bihar belongs to– Indian Railways
13. IIP stands for– Index of Industrial Production
14. Aam Aadmi Bima Yojana was launched on– August 31, 2007
15. For which item is Tirpur well known as a huge exporter to many parts of the world– Knitted garments
16. National Rural Development Institute is situated at– Hyderabad
17. The World's seventh largest city in terms of billionaire population is– Mumbai
18. Where is the Bank Press Note located? – Dewas (M.P.)
19. 'Axis Bank' is the new proposed name for– UTI Bank
20. Swam Jayanti Shahri Rozgar Yojana (SJSRY) was introduced on– December 1, 1997
22. Whose name is associated with formulation of Planning Strategy in Second Five Year Plan ? – Prasant Chandra Mahalanobis
23. Indian Planning Commission was constituted in– 1950
24. Swamajayanti Gram Swarojgar Yojana (SGSY) aims at– Establishing a large number of micro-enterprises in rural areas of the country
25 The outline of second five year plan was made by – P. C. Mahalanobis
26. Employment Assurance Scheme (EAS) was launched on– October 2, 1993
27. Bank Rate is the rate at which– Reserve Bank of India lends money to Commercial Banks
28. The first multipurpose river valley project of independent India is– Damodar Valley Corporation
29. Devaluation means– To reduce the value of home currency in terms of other currency
30. The Government proposals for the levy of new taxes, alterations in the present tax structure are in the form of– Finance Bill
31. When personal direct taxes are subtracted from personal income the obtained value is called– Disposable Personal Income
32. Who maintains foreign exchange reserve in our country ? – Reserve Bank of India (RBI)
33. India is the second largest producer of– Nitrogenous fertilizer in the world
34. RBI was nationalised in– 1949
35. J. J. Irani Committee was associated with– Company Law Reforms
36. Which constitutional body is appointed by the President under Article 280 every five years to review Centre State financial relations ? – Finance Commission
37. The Ministry which gives financial support to Mid-day meal scheme for the benefit of Class I to V students in Government or Government aided schools is– Ministry of Human Resource Development
38. National Safety Council to check casualties in industrial units to reduce the incidence of dangers and to promote the awareness for safety among the labourers was constituted in– 1966
39. In India, the first bank of limited liability managed by Indians and founded in 1881 was– Oudh Commercial Bank
40. Who is called the father of Operation Flood in India? – Verghese Kurien


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