GK Economy and Industry(Part-II)
51.The budget is constitutionally defined as
(a) Annual financial statement
(b) Record of governments income and expenditure
(c) Record of financial estimate
(d) Statement of government financials
(e) None of these
: A
52.
Kelkar Committee was appointed for reviewing
(a) VAT (b) Income Tax (c) IIM fees restucturing (d) Godhra issue (e) None of these
: B
53.
India occupies first position in the production of which of the following?
(a) Milk (b) Vegetable (c) Software (d) Meat (e) None of these
: A
54.
After which financial agent of Queen Elizabeth I is the monetary principle, 'Bad money drives out good,' named?
: Thomas Gresham (Gresham's Law)
55.
Excise duty on a commodity is payable with reference to its
(a) Production (b) Production and sale
(c) Production and transportation
(d) Production, transportation and sale
: A
56.
Which of the following agencies does not finance local bodies for infrastructural development?
(a) LIC (b) HUDCO (c) CRISIL (d) ILFS
: C
57.
Apart from financing directly, through which of the following agencies the commercial banks finance credits?
(a) NABARD (b) Rural Banks
(c) Cooperative societies
(d) State governments
: B
58.
Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "agricultural operations" depicted on it?
(a) Rs. 100 (b) Rs. 50 (c) Rs. 10 (d) Rs.5
: D
59.
SEBI has introduced "rolling settlement " for selected shares. What does this mean?
(a) All shares have to be paid on the day of purchase
(b) Purchases have to make advance payment for the shares
(c) Purchase can be set off against sales
(d) Payment has to be settled at the end of the fifth day
: D
60.
Which one of the following is not among the sources of revenue for the Union?
(a) Land revenue
(b) Custom duties including export duties
(c) Duties excise on tobacco and other goods manufactured or produced in India, except alcoholic liquors, opium, Indian hemp and other narcotic drugs
(d) Taxes on income other than agricultural income
: A
61.
Income Tax contributes ____ per rupee to the Central Government's total revenue.
(a) 20 paisa (b) 13 paisa (c) 11 paisa (d) 8 paisa
: C
62.
What is the International Bank for Reconstruction and Development more commonly known as?
: World Bank
63.
Standard 18-carat gold sold in the market contains
(a) 82 parts gold and 18 parts other metals
(b) 18 parts gold and 82 parts other metals
(c) 18 parts gold and 6 parts other metals
(d) 9 parts gold and 15 parts other metals
: C
64.
Consider the following companies:
1. Voltas 2. Titan Industries 3. Rallis India 4. Indian Hotels
Which of the above companies are in the Tata Group of industries?
(a) 1 and 2 (b) 2, 3 and 4 (c) 1, 3 and 4 (d) 1, 2, 3 and 4
: D
65.
In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?
(a) Chemicals other than fertilisers (b) Services sector
(c) Food processing (d) Telecommunication
: D
66.
Repo rate is the rate at which
(a) the Reserve Bank of India lends to State governments (b) the international aid agencies lend to Reserve Bank of India (c) the Reserve Bank of India lends to banks (d) the banks lend to Reserve Bank of India
: B
67.
In India, the concepts of "minimum needs" and "directed anti-poverty programmers" were innovations of the
(a) Fourth Five-Year Plan (b) Fifth Five -Year Plan (c) Sixth Five-Year Plan (d) Seventh Five-Year Plan
: B
68.
Slogan 'The World's local Bank' is associated with
(a) HSBC (b) American Exp (c) ABN Amro (d) Standard Charted
: A
69.
"Xtra Premium" is a hi-octane petrol marketed by
(a) Indian Oil (b) Bharat (c) Hindustan (d) None of these
: A
70.
Which is India's largest Mutual Fund organisation?
(a) GIC (b) SBI (c) UTI (d) ICICI
: C
71.
What does the term "Overgeared Company" mean?
(a) Company doing extremely well (b) Company deeply in debt (c) Company running satisfactorily (d) None of these
: B
72.
Which is India's first Euro-II complete car?
(a) Maruti-800 (b) Matiz (c) Tata Safari (d) Fiat Palio
: B
73.
In the context of stock market, the abbreviation IPO stands for
(a) Immediate Payment Order (b) Internal Policy Obligation (c) Initial Public Offering (d) None of these
: C
74.
Pradham Mantri Gram Sadak Yojana (PMGSY) was launched in the year
(a) 2001 (b) 2000 (c) 1999 (d) 1998
: B
75.
Which is India's largest B P O (Business Process Outsourcing) company?
(a) Progeon (b) Spectramind (c) Technovate (d) None of these
: D
76.
"Cook food. Serve love" punch line is associated with
(a) Bharat gas (b) Indane (c) LG Micro oven (d) Super flame
: A
77.
Which one is not a product from Daburs?
(a) Real Juice (b) Vatika Shampoo (c) Sona Chandi Chwanprash (d) Amla Hair oil
: D
78.
'Suvidha' fixed deposits scheme has been launched by
(a) ICICI bank (b) City Bank (c) State Bank of India (d) IDBI
: D
79.
The catchline 'The joy of flying' is associated with
(a) Jet Airways (b) Sahara Airlines (c) Indian Airlines (d) Air India
: A
80.
Grand Vitara XL-7 is a vehicle launched by?
(a) Ford (b) GM (c) Maruti Suzuki (d) Hyundai
: C
81.
'Ceteris Paribus' means
(a) Ignoring everything (b) Including each component (c) All other things unchanged (d) Everything variable
: D
82.
One of the essential conditions of perfect competition is
(a) Different prices for identical products (b) Large number of buyers and sellers (c) Large number of buyers and less number of sellers (d) Only one seller in the market
: B
83.
Which of the following is not included in the National Income?
(a) Imputed rent of owner occupied houses (b) Government expenditure on making new bridge (c) Winning a lottery (d) Commission paid to an agent for sale of a house
: C
84.
Unforeseen obsolescence means loss of value of fixed assets due to
(a) Change in the technique of production (b) Change in fashion (c) Sudden change in demand (d) Natural calamities like floods, fire, etc.
: A
85.
The main determinant of real wages is
(a) Extra earnings (b) Nature of work (c) Promotion prospects (d) Purchasing power of money
: D
86.
What causes marginal returns to vary from increasing returns to diminishing returns?
(a) Unequal efficiency of different units of variable factor (b) Increase in fixed costs (c) Unequal efficiency of labour employed (d) When we move beyond the optimum output
: D
87.
Excess of earnings of any factor of production over its minimum supply price is known as
(a) Profit (b) Rent (c) Opportunity cost (d) Marginal cost
: C
88.
Imputed gross rent of owner-occupied buildings is a part of
(a) Capital formation (b) Final consumption (c) Intermediate consumption (d) Consumer durable
: B
89.
Classical economists mainly emphasised full employment through
(a) Lower profit (b) Lower money wages (c) Decreasing money supply (d) Lower rate of interest
: D
90.
The input-output analysis is often called as
(a) Cost-benefit analysis (b) Marginal cost analysis (c) Inter-industry analysis (d) None of the above
: A
91.
Which one of the following is not a function of the State Finance Corporation?
(a) Underwrites issue of stocks, shares, debentures (b) Advances loans to industrial concerns (c) Directly subscribes to the shares of Industrial concerns (d) Subscribes to the debentures floated by the Industrial concerns
: C
92.
At Break-Even point, there is
(a) Profit (b) Loss (c) No loss no profit (d) Income
: C
93.
After quantitative restrictions were lifted, what prevents large scale availability of imported used cars in India?
(a) Low cost of good cars manufactured in India (b) Extent of import duty and the expired life of the car (c) Pollution norms and right-hand drive features (d) Both (b) and (c) above
: D
94.
Where is India's 'Silicon Valley' situated?
(a) Dehradun (b) Bangalore (c) Hyderabad (d) Srinagar
: B
95.
Over the past fifty year's period, in which of the following categories, the average yield (in quintals per hectare) of food-grains showed the highest increase in India?
(a) Rice (b) Wheat (c) Pulses (d) Maize
: B
96.
Which amidst the following is a demand pull factor causing inflation?
(a) Non-plan expenditure (b) Increasing indirect taxes (c) Administered prices (d) Subsidies
: A
97.
Which category of Indian stocks have been most sensitive to the fluctuations of the stock prices on the 'NASDAQ'?
(a) ICE (b) Commodities (c) pharmaceuticals (d) Textiles
: A
98.
Which amongst the following banks merged with the ICICI Bank?
(a) Global trust Bank (b) Bank of Madura (c) Tamil Nadu Mercantile Bank (d) New Bank of India
: B
99.
When was the quantitative restrictions on most of the imports lifted by India as a follow-up of the W.T.O agreements?
(a) 1st April, 2001 (b) 1st October,1999 (c) 1st January, 2000 (d)1st April, 1998
: A
100.
What was the objective of constructing Central and State Warehousing Corporations?
(a) To process perishable agricultural products (b) Storage facility (c) Distribution centres for fertilisers and seeds (d) Bulk stores of FCI, STC and MMTC.
: B
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