Indian Economy Questions
for Banks, IAS, UPSC, NDA and other Competitive Examinations
1. Fiscal Deficit means—
(A) Public Expenditure—Debts froms sources other than RBI
(B) Public Capital Expenditure—Surplus of Revenue Account
(C) Govt. Expenditure—Revenue receipts
(D) Public Expenditure—Tax and non-tax revenue receipts
Ans : (D)
2. Dunkel Draft was—
(A) Associated with Uruguay round
(B) Related to atomic treaty among nations
(C) Related to Super 301
(D) Related to promoting drugs trade
Ans : (A)
3. Which is the main Kharif crop ?
(1) Rice
(2) Cotton
(3) Bajra
(4) Gram
(A) 1 and 2
(B) 2 and 3
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (C)
4. Indian rupee has got its symbol as ’ ’. This symbol has been designed by—
(A) D. Udai Kumar
(B) D. Kumar Raju
(C) Udai D. Raj
(D) D. Udai Reddy
Ans : (A)
5. Port Blair port has been included in the club of major ports which makes the number of major ports in the country to—
(A) 11
(B) 12
(C) 13
(D) 14
Ans : (C)
6. National Rural Employment Guarantee Act, 2005 ensures for how many days of employment in a year in rural areas ?
(A) 365 days
(B) At least 200 days
(C) 150 days
(D) 100 days
Ans : (D)
7. Railway Budget 2010-11 presents overall surplus for 2010-11 at—
(A) Rs. 4,456•78 crore
(B) Rs. 2,642•6 crore
(C) Rs. 3,173•09 crore
(D) Rs. 951•03 crore
Ans : (C)
8. India is not a member of—
(A) G-15
(B) UNO
(C) ASEAN
(D) Commonwealth
Ans : (C)
9. Which of the following is not a member of SAARC ?
(A) Nepal
(B) Pakistan
(C) Bangladesh
(D) Myanmar
Ans : (D)
10. Shankerlal Guru Committee was associated with—
(A) Agricultural Marketing
(B) Agriculture Production
(C) Public Distribution System
(D) None of these
Ans : (A)
11. The operating ratio for Indian Railways for 2010-11 has been put in Railway Budget 2010-11 at—
(A) 90•5%
(B) 92•5%
(C) 94•7%
(D) 95•2%
Ans : (B)
12. ‘Mileap’ is a Laptop of the lowest price which has been launched by—
(A) Satyam Computers
(B) Infosys
(C) Microsoft Corporation
(D) HCL
Ans : (D)
13. What portion of earth in India is covered with forests ?
(A) 1/5
(B) 1/4
(C) 1/3
(D) 2/5
Ans : (A)
14. What percentage small scale industries contribute in total production of manufacturing sector ?
(A) 15%
(B) 25%
(C) 40%
(D) 50%
Ans : (C)
15. By what time CST will be abolished altogether by the Central Government ?
(A) April 1, 2008
(B) April 1, 2009
(C) January 1, 2010
(D) March 31, 2010
Ans : (D)
16. Which scheme is not related with rural development ?
(A) TRYSEM
(B) JRY
(C) IRDP
(D) CRY
Ans : (D)
17. ECOMARC is a symbol related to—
(A) Export goods
(B) Import goods
(C) Goods safe for environment
(D) Best quality
Ans : (C)
18. Which pair of states among following registered the highest population growth (in per cent) during 1991–2001 ?
(A) Rajasthan, Gujarat and Punjab
(B) Tamil Nadu, Maharashtra and Gujarat
(C) Maharashtra, Gujarat and Kerala
(D) Nagaland, Sikkim and Manipur
Ans : (D)
19. India has the maximum foreign trade with—
(A) Japan
(B) Germany
(C) USA
(D) UK
Ans : (C)
20. In which year and by whom Ashray Bima Yojana was launched ?
(A) 2000, LIC
(B) 2001, GIC
(C) 2001, LIC
(D) 2000, GIC
Ans : (B)
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