GK Economy and Industry(Part-I)
2.
The Value Added Tax (VAT) adopted by 21 States replaced which of the following taxes?
(a) Customs Duty (b) State Sales Tax (c) Excise Duty (d) Service Tax
: B
3.
Which of the following is not a source of geothermal energy?
(a) Hot Geyser (b) Hot Spring (c) Coal (d) Volcano
: C
4.
Which of the following manufacturing industries is regarded as the most basic for our modern civilization?
(a) Chemicals (b) Iron and Steel (c) Petrochemical (d) Textiles
: B
5.
The largest gold producing country in the world is
(a) Brazil (b) Canada (c) South Africa (d) USA
: C
6.
The iron and steel industries of which of the following countries are almost fully dependent on imported raw materials?
(a) Britain (b) Japan (c) Poland (d) Germany
: B
7.
According to 'India Vision 2020', if India has to attain the goal of total employment by the year 2020, it should work towards generating scope for ______ jobs per year
(a) 1 million (b) 2 million (c) 5 million (d) 10 million (e) None of these
: C
8.
High rates of interest in a low inflation regime
(a) Attract people to make more and more investments
(b) Discourage people to make an investment
(c) Create atmosphere for capital formation
(d) Are not favourable for credit expansion
(e) None of these
: B
9.
Which among the following commodities, also called 'goods of sin' in popular parlance, serve as a source of substantial revenue and yet the tax levied on them is termed as 'Sin Tax"?
(a) Cigarette and betel 'masala' (b) Fashionable attires and leather goods
(c) Gems and artificial jewelleries (d) Meat and drugs containing animal protein
(e) None of these
: A
10.
The BSE sensex is based on the price movement of how many shares?
(a) 100 (b) 500 (c) 40 (d) 30
: D
11.
In India the major export of iron ore is from
(a) Visakhapatnam (b) Paradip (c) Marmugao (d) Haldia
: C
12.
As an export item of India, which spice occupies the top position in value?
(a) Pepper (b) Chilies (c) Turmeric (d) Cardamom
: A
13.
The first chemical port in India for export and import of chemical products is being set up at
(a) Diu (b) Mumbai (c) Porbandar (d) Dahej
: A
14.
Which one of the following ports was developed first after Independence?
(a) Paradip (b) Tuticorin (c) Marmugo (d) Kandala
: D
15.
In India, a tax on agricultural income can be levied
(a) Only by the central Government (b) Only by the state Government
(c) By both the central and state Governments
(d) By neither the central nor the state Government
: B
16.
Which one of the following is not a central tax?
(a) Sales tax (b) Income tax (c) Excise duty (d) Customs duty
: A
17.
The central objective projected by the eleventh five year plan of India is
(a) Faster Rural development (b) faster and enhanced Industrial growth
(c) Enhancement of Agricultural Products (d) Welfare of Women and children
: B
18.
Who is known as the father of 'Zero base budgeting'?
(a) Philips Kotleryhrr (b) Peter A Pyhrr (c) Tony Blair (d) Manmohan Singh
: B
19.
The Reserve Bank of India was established
(a) 1st January 1949 (b) 1st April 1935 (c) 1st March 1947 (d) 1st may 1955
: B
20.
Which of the following has become the first company in India to obtain BBB rating, higher than the country sovereign rating, from global credit agency Standard and Poor's:
(a) Wipro (b) TCS (c) Satyam (d) Infosys (d) None of these
: D
21.
Which company has become the first Indian company in the automobile and engineering sector to be listed on the NEW York Stock Exchange (NYSE):
(a) Maruti Udyog Ltd (b) Mahindra & Mahindra
(c) Hindustan Motors (d) Tata Motors (e) None of these
: D
22.
Data one is the name associated with:
(a) Reliance Infocom (b) Tata Infocom
(c) Airtel (d) BSNL broadband service
(e) None of these
: D
23.
The first state in India to recognize tourism as an industry is
(a) Kerala (b) Tamil nadu (c) Goa (d) Maharashtra
: C
24.
The Indian state with highest per capita income is
(a) Punjab (b) Haryana
(c) Kerala (d) Maharashtra
: A
25.
The largest public sector industry in India is
(a) Coal (b) Railways
(c) Post and Telegraph (d) Indian Oil Corporation
: B
26.
The signature found on a 10 rupee note is that of
(a) The finance Minister of India
(b) The Secretary Finance Department
(c) The President of India
(d) The Governor, Reserve Bank of India
: D
27.
How many banks were nationalized in 1969?
(a) 12 (b) 13 (c) 14 (d) 19
: C
28.
Decimal coinage was introduced in India in the year.
(a) 1955 (b) 1957 (c) 1960 (d) 1947
: B
29.
The 'Garibi Hatao' slogan was coined by
(a) 1989 (b) 1985 (c) 1979 (d) 1975
: D
30.
The twenty point programme was first started by
(a) Rajiv Gandhi (b) Indira Gandhi
(c) Jawaharal Nehru (d) Narasimha Rao
: B
31.
The concept of five year plans in India was introduced by
(a) Jawaharlal Nehru (b) Vallabhai Patel
(c) M.Visweshwarayya (d) Gandhiji
: A
32.
The SEBI stands for
(a) State Earnings Board of India
(b) Securities and Earning Board of India
(c) Securities and Exchange Board of India
(d) None of these
: C
33.
The most important small scale industry in India
(a) Handloom (b) Coir
(c) Cashew (d) Matchbox
: A
34.
NCAER is
(a) National Centre for Applied Economics Research
(b) National Commission for Applied Education Research
(c) National Council of Applied Economics Research
(d) National Commission of Applied Economics Research
: C
35.
What is known as golden fibre
(a) Jute (b) Silk (c) Coir (d) None of these
: A
36.
Largest producer of silk in the world
(a) Russia (b) Switzerland (c) China (d) India
: C
37.
SEBI has banned Samir Arora from trading in stock markets for 5 years. He was the chief Investment officer of
(a) Smart Investments (b) Quick money Com
(c) Alliance Capital (d) Smart Savings & Investments
(e) None of these
: C
38.
Which among the following country is the biggest sea food buyer from India.
(a) Japan (b) North Korea (c) China
(d) USA (e) None of these
: D
39.
Which country became the first hydrogen economy of the world.
(a) Ireland (b) Thailand
(c) Switzerland (d) Iceland (e) England
: D
40.
In India, which of the following Bt crop was not evolved.
(a) Bt Cotton (b) Bt Mustard
(c) Bt Rice (d) Bt Cabbage
(e) None of these
: C
41.
The green rating project run by the centre for science and environment, New Delhi had insisted to shut down which plants by 2005.
(a) Lead arsenate plants (b) Mercury plants
(c) Silicon plants (d) Iron and Steel plants
(e) Cadmium plants
: B
42.
Which of the following Indian Ports became the first Indian Port to cross the 50 MT mark in 2004-05?
(a) Kolkata (b) Chennai (c) Visakhapatanam (d) Mumbai
: C
43.
India's first private telephone service was launched in 1998 in
(a) New Delhi (b) Mumbai (c) Indore (d) Chennai
: C
44.
The plan Holiday refers to the period
(a) 1965-68 (b) 1966-69 (c) 1967-70 (d) 1978-80
: B
45.
Which one of the following is not an objective of India's economic planning?
(a) Population Growth (b) Industrial Growth
(c) Self-reliance (d) Employment generation
: A
46.
Most of the disguised unemployed persons in India are found in
(a) Agriculture (b) Industry (c) Trade (d) Transport
: A
47.
Food for work program was introduced during the
(a) Fourth Plan (b) Fifth Plan
(c) Sixth Plan (d) Seventh Plan
: B
48.
A market economy is one in which
(a) products are sold
(b) products and factors are bought
(c) products and factors are bought and sold
(d) None of these
: C
49.
In a free economy inequalities of income are mainly due to
(a) free competition (b) private property only
(c) private property and inheritance
(d) difference in the marginal productivity of labour
: C
50.
'G' in 'G'-Sec' stands for
(a) Government Securities (b) Global Securities
(c) General Securities
(d) Group Securities (e) None of these
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