INDIAN ECONOMY (GENERAL STUDIES)Total Questions: 501. The central banking functions in India are performed by the:I. Central Bank of India II. Reserve Bank of India III. State Bank of India IV. Punjab National Bank(a) I, II(b) II(c) I(d) II, IIICorrect Answer: (b) II2. Development expenditure of the Central government does not include:(a) defence expenditure(b) expenditure on economic services(c) expenditure on social and community services(d) grant to statesCorrect Answer: (a) defence expenditure3. ICICI is the name of a:(a) chemical industry(b) bureau(c) corporation(d) financial institutionCorrect Answer: (d) financial institution4. On July 12, 1982, the ARDC was merged into:(a) RBI(b) NABARD(c) EXIM Bank(d) None of the aboveCorrect Answer: (b) NABARD5. In which of the following types of economy are the factors of production owned individually?(a) Capitalist(b) Socialist(c) Mixed(d) Both (a) and (b)Correct Answer: (a) Capitalist6. Poverty in less developed countries is largely due to:(a) voluntary idleness(b) income inequality(c) lack of cultural activities(d) lack of intelligence of the peopleCorrect Answer: (b) income inequality7. The most appropriate measure of a country’s economic growth is its:(a) Gross Domestic Product(b) Net Domestic Product(c) Net National Product(d) Per Capita Real IncomeCorrect Answer: (d) Per Capita Real Income8. Which of the following committees examined and suggested financial sector reforms?(a) Abid Hussain Committee(b) Bhagwati Committee(c) Chelliah Committee(d) Narasimham CommitteeCorrect Answer: (d) Narasimham Committee9. Which of the following contributes the maximum earnings in Indian Railways?(a) Passenger Earning(b) Goods Traffic Earning(c) Sundry Earning(d) Other Coach EarningCorrect Answer: (b) Goods Traffic Earning10. SEBI is a(a) constitutional body(b) advisory body(c) staturory body(d) non-statutory bodyCorrect Answer: (c) staturory bodySubmit Quiz12345Next »
