Economics (Part-II) (Railway)

Total Questions: 50

41. Which of the following is a tax revenue? [RRB RPF Constable Exam, 19.02.2019 Shift-II]

(1) Interest Receipts
(2) Dividend
(3) Loans
(4) Income Tax

Correct Answer: (4) Income Tax

Solution:Taxes collected from both direct tax and indirect tax are the government's tax revenue.

• It includes collections from Income tax, corporation tax, customs, wealth tax, tax on land revenue, etc.

• Direct tax is the tax that is paid directly to the government by the person or company on whom it is taxation.

42. ________is India's sole National Issuing & Guaranteeing Association for ATA Carnets (also known as Passport for Goods) [RRB-CBT for ALP & Technicians Exam, 22.01.2019 Shift-I]

(1) Federation of Indian Chambers of Commerce & Industry
(2) Confederation of Indian Industry
(3) International Resources for Fairer Trade
(4) All India Management Association

Correct Answer: (1) Federation of Indian Chambers of Commerce & Industry

Solution:In India, as the apex chamber, FICCI is functioning as sole National Issuing and Guaranteeing Association (NIGA) for ATA cornets and is responsible for issuing, discharging and promoting the system in the country.

43. Who was the first governor of Indian Reserve Bank? [RRB-CBT for ALP & Technicians Exam, 22.01.2019 Shift-I]

(1) Sir Osborne A. Smith
(2) Sir James Bred Taylor
(3) K. R. Puri
(4) H. V. R. Ayomguar

Correct Answer: (1) Sir Osborne A. Smith

Solution:Osborne smith was the first 93 governor of Reserve bank of India. Osborne smith does not sign any Indian rupee during his tenure.

44. Which of the following is a Maharatna PSU? [RRB NTPC CBT-1 Exam, 07.01.2021 (Shift-II)]

(1) BSNL
(2) BHEL
(3) HAL
(4) BCCL

Correct Answer: (2) BHEL

Solution:Bharat Heavy Electricals Limited (BHEL) is a Maharatna Company under the ownership of Ministry of Heavy Industries and Public Enterprises, Government of India.

• Established in 1964, BHEL is India's largest power generation equipment manufacturer.

45. Indian economy is a/an: [RRB NTPC CBT-1 Exam, 21.01.2021 (Shift-II)]

(1) command economy
(2) mixed economy
(3) traditional economy
(4) market economy

Correct Answer: (2) mixed economy

Solution:In 1991, India began to loosen its economic restrictions and an increased level of liberalization led to growth in the country's private sector.

• Presently, India is considered a mixed economy: the private and public sectors coexist and the country leverages international trade.

46. Which of the following is NOT a function of RBI? [RRB NTPC CBT-1 Exam, 21.01.2021 (Shift-II)]

(1) It issues currency notes.
(2) It is the custodian of cash reserves of commercial banks
(3) It manages the banking needs of the government
(4) It promotes the development of securities market.

Correct Answer: (4) It promotes the development of securities market.

Solution:The Reserve Bank has a monopoly for printing the currency notes in the country.

• The Reserve Bank performs the same functions for the other commercial banks as the other banks ordinarily perform for their customers.

• The important function of the Reserve Bank is to act as the Banker, Agent and Adviser to the Government of India and states.

• SEBI is primarily set up to protect the interests of investors in the securities market.

47. The interest rate offered on saving bank account in India is decided by: [RRB NTPC CBT-1 Exam, 21.01.2021 (Shift-II)]

(1) RBI
(2) Banks' Association
(3) Finance Ministry
(4) The respective bank

Correct Answer: (4) The respective bank

Solution:The interest rate offered on saving bank account in India Is decided by the respective banks.

• These accounts also earn interest rates ranging from 2.70% to 5.25% depending on the balance amount and the bank.

48. Which Five year plan in India was based on P.C. Mahalanobis Model? [RRB NTPC CBT-1 Exam, 23.01.2021 (Shift-I)]

(1) 2nd Five Year Plan
(2) 1st Five Year Plan
(3) 3rd Five Year Plan
(4) 4th Five Year Plan

Correct Answer: (1) 2nd Five Year Plan

Solution:India's Second Five-Year Plan (1956-61) was to set India on the path of industrialisation.

• P.C. Mahalanobis was the moving spirit behind the second five year plan.

• He gave the highest priority to strengthening the industrial base of the economy.

49. IPAB was constituted in the Ministry of Commerce and Industry in 2003. The full form of IPAB is: [RRB NTPC CBT-1 Exam, 25.01.2021 (Shift-I)]

(1) Individual Property Apple Board
(2) Intellectual Property Appellate Board
(3) Internal Property Appellate Board
(4) Increased Property Appellate Board

Correct Answer: (2) Intellectual Property Appellate Board

Solution:The Intellectual Property Appellate Board (IPAB) established in 2003.

• It aimed to specifically deal with matters of intellectual property including copyright, trademarks, patents, and geographical indications.

50. Which of the following is NOT a public sector unit? [RRB NTPC CBT-1 Exam, 25.01.2021 (Shift-I)]

(1) NTPC
(2) ICICI
(3) BHEL
(4) BCCLB

Correct Answer: (2) ICICI

Solution:Industrial Credit and Investment Corporation of India (ICICI) Bank is India's largest private sector bank by consolidated assets.

• It was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry.

« Previous 1 2 3 45