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Economy Merge PDF2

Economy Merge PDF2

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07/10/2013

1

The minimum number of persons required to get a cooperative society registered is (a) 7 (b) 10 (c) 20 (d) 40 Which city is called Manchester of India? (a) Kolkata (b) Mumbai (c) Kanpur (d) Bhopal Which state has the highest growth rate in population? (a) Arunachal Pradesh (b) Tripura (c) Nagaland (d) Mizoram Which of the following is not an agro-based industry? (a) Mining (b) Textiles (c) Beverage (d) Paper Elementary education covers children in the age group (a) 6-11 (b) 6-14 (c) 11-14 (d) 16-21 Which among the following is an indirect tax? (a) Wealth tax (b) Income tax (c) Estate tax (d) Sales tax Rising trend in share prices is called (a) Bearish trend (b) Bullish trend (c) Ratio trend (d) Stock holding Which was the first mutual fund in India? (a) LIC (b) SBI (c) UTI (d) Indian Bank Banks which help in foreign trade are (a) EXIM (b) Central (c) Commercial banks (d) None of the above The return on debentures is called (a) Dividend (b) Interest (c) Profits (d) None of the above 'White goods' are (a) Basic raw materials (b) Durable consumption western countries (c) Goods imported from western countries (d) None of the above The Present coinage system in India was introduced? (a) 1935 (b) 1952 (c) 1957 (d) 1937

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Ninth Five Year Plan period is (a) 1997-2002 (b) 1992-1997 (c) 1995-2000 (d) None of these The first Industrial Policy Resolution was presented in (a) 1947 (b) 1948 (c) 1950 (d) 1952 Reserve Bank of India is the country's (a) Biggest commercial bank (b) Central Bank (c) Biggest cooperative bank (d) All of the above Reserve Bank of India issues all currency in India except (a) One-rupee notes (b) Two-rupee notes (c) Five-rupee notes (d) Ten-rupee notes The important plantation crop produced in India is (a) Wheat (b) Rice (c) Cotton (d) Rubber The highest area under irrigation is in the state of (a) Uttar Pradesh (b) Bihar (c) Andhra Pradesh (d) Punjab When was Employees Provident Fund Act enacted? (a) 1961 (b) 1965 (c) 1952 (d) 1947 The Eighth Five Year Plan covers (a) 1989-94 (b) 1992-97 (c) 1989-95 (d) 1990-94

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The new industrial policy was announced on

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(a) July 4, 1991 (b) July 14, 1991 (c) July 24, 1991 (d) July 31, 1991
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The rate of growth projected in the Eighth Five Year Plan is (a) 4% (b) 5% (c) 5.6% (d) 6.4% Name associated with Green Revolution is (a) Jaya Prakash Narayan (b) Russi Modi (c) M.S. Swaminathan (d) V. Kurien The largest deposits of uranium in India are found in (a) Kerala (b) Rajasthan (c) Bihar (d) Jharkhand Mica is abundantly found in the state of (a) Jharkhand (b) Kerala (c) West Bengal (d) Madhya Pradesh

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Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

B
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B
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C
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A
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B
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A

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Which of the following Indian cities was the venue for the festival of Gold 2005 (a) Chennai (b) Delhi (c) Kolkatha (d) Bangalore For which one of the following items, Tirupur is famous as a huge exporter to many parts of the world (a) Handicrafts (b) Gems and Jewelry (c) Leather goods (d) Knitted garments Ankaleshwar in India is known for the production of (a) Petroleum (b) Coal (c) Iron ore (d) Bauxite Zero Coupon Bonds are that variety of loans (a) which fail to yield an income for the creditors (b) which are issued at a discount and redeemed at par (c) on which the entire interest income is paid at the time of purchase (d) the market price of which may fall suddenly and heavily Which brand/company uses the ad line "We know India better"? (a) Max New York Life Insurance (b) LIC of India (c) Amul (d) Bajaj The part of profit or other surpluses of a company distributed proportionately among shareholders is called (a) Preference Share (b) Equity Share (c) Face Value (d) None of these NABARD stands for (a) National Bank of Agriculture and Regional Development (b) National Bank for Agriculture and Rural Development (c) National Bureau of Aeronautical Research and Development (d) None of these Ashok Leyland is owned by the (a) Tatas (b) Birlas (c) Hindujas (d) None of these

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Which is South Korea's largest car manufacturing company? (a) Hyundai (b) Honda (c) Suzuki (d) Toyota Nandan Nilekani is associated with which company? (a) Satyam Computers (b) Wipro (c) Infosys (d) Polaris 'Bottle neck inflation' means (a) No rise in prices despite increase in aggregate demand (b) Rise in prices without increase in the aggregate demand (c) Decline in prices due to increase in aggregate demand (d) None of these Recession in the market implies (a) Slump in trade & industry due to fall in demand (b) Increase in trade industry due to rise in demand (c) No change in trade and industry due to stability in demand (d) None of these Which is the largest tea producing country in the world? (a) Kenya (b) Indonesia (c) China (d) India Which one of the following is not manufacturing mobile telephone handsets? (a) Samsung (b) Nokia (c) Videocon (d) Sony BPO is an abbreviation for (a) Bharat Petroleum Organisation (b) Business Process Outsourcing (c) Business Products Outsourcing (d) Bharat Pesticides Outlet Suvidha Fixed Deposit scheme was launched by which bank? Page 3 / 43 (a) IDBI (b) ICICI (c) SBI (d) City Bank

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Varishtha Pension Bima Yojana has been launched by (a) National Insurance Co. (b) United India Insurance Co. (c) LIC of India (d) Oriental Insurance Co. Who among the following persons is closely associated with the leading company ITC Ltd? (a) M.S Banga (b) K. Gopalkrishnan (c) Yogi Deveshwar (d) Deepak Satwalekar K.L.M. Royal Airlines belongs to (a) Italy (b) Japan (c) Netherlands (d) Austria Which company uses the ad line, 'Knowing is everything'? (a) BBC World (b) Star (c) Sony (d) Zee In the recent past, Reliance has found the gas in.......... (a) Mumbai offshore (b) Mahanadi basin (c) Krishna -Godavari basin (d) Kaveri basin Which petroleum company has introduced an improved quality petrol called 'Speed'? (a) Bharat Petroleum (b) Indian Oil (c) Hindustan Petroleum (d) None of these The main cause of International Trade is (a) Equal cost difference (b) Absolute cost difference (c) Comparative cost difference Which of the following is not a Central Government tax? (a) Corporation Tax (b) Land Revenue (c) Customs Duty (d) Income Tax Through which agency do the commercial banks finance rural credit? (a) Co-operative societies (b) NABARD (c) NAFED (d) Rural banks

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Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

B
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Saffron is mainly produced in which state The state which tops in the production of safety matches and finished leather is The factory producing the largest quantity of Titanium is located in which state Rourkala Steel Plant is located in which state Which state known as the ‘Silk State’ of India The region known as the ‘Rice-Bowl’ of India is Which Indian state leads in the production of cotton Which is the largest rubber producing state in India Firozabad in U.P is famous for ………… industry Where has the Geological Survey of India located most of India’s Chromite deposits Ranigiri in Andhra Pradesh is famous for Which city is known as the silicon valley of India Which two iron and steel plants have been setup in collaboration with the former Soviet Union Command Area Development Program was launched to The oldest oil refinery in India is located in Reserve Bank of India was established in the year

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Industrial Finance Corporation of India (IFCI) was established in the year IDBI was setup in the year SIDBI was setup in the year NABARD was established in the year HUDCO was setup in the year HDFC was established in the year LIC was established in the year GIC was setup in the year

Industrial Credit and Investment Corporation of India (ICICI) was established in the year

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Answers
(Click on the Question Number to return to the corresponding Question) a1 a3 a5 Jammu & Kashmir Kerala Karnataka a2 a4 a6 Tamil Nadu Orissa

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Krishna-Godavari Delta region

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Karnataka a7 a9 Maharashtra Glass a8

Krishna-Godavari Delta region Kerala

a10 Cuttack a12 Bangalore a14 Ensure better utilization of irrigation potential a16 1935 a18 1948 a20 1990 a22 1970 a24 1956

a11 Gold a13 Bokaro and Bhilai

a15 Digboi (Assam) a17 1955 a19 1964 a21 1982 a23 1977 a25 1973

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Rising trend in share prices is called Which was the first mutual fund in India

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‘White Goods’ are
The Present Coinage system in India was introduced in the year By eradicating poverty who wished to ‘Wipe out every tear from every eye’ The concept of Five Year Plans in India was introduced by The famous Haldia oil refinery was set up in collaboration with which country India has its first oil refinery at The town Titagrah is associated with which industry Hindustan Zinc Limited is located in The port on the eastern coast of India built after independence to export iron ore to Japan is Indian telephone industry is located at Gondwana coal fields are located in In which state ‘Kundremukh iron ore Project’ is located India contains the world’s one-fourth mineral deposit in which item The oldest and largest industry in India is

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The state which accounts for more than 90% of total rubber production in India is Which state in India is the only producer of diamonds Lignite mines in India are located in which state After Uttar Pradesh, which state leads in the production of sugarcane Caveri delta in Tamil Nadu is famous for the production of The main producer of Jute in India is which state The only Indian state where gold mining is carried on The state which produces largest quantity of cloves

The Zawar mines of Udaipur are famous for

Answers
(Click on the Question Number to return to the corresponding Question) a1 a3 a5 Bullish trend Durable consumption goods Mahatma Gandhi a2 a4 UTI 1957

Page 7 a643Jawaharlal Nehru /

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a7 a9

France Paper

a8

Digboi

a10 Udaipur a12 Bangalore and Srinagar a14 Karnataka a16 Cotton textile a18 Kerala a20 Tamil Nadu (Neyveli) a22 Rice a24 Karnataka

a11 Paradeep (Orissa) a13 Madhya Pradesh a15 Mica a17 Zinc a19 Madhya Pradesh a21 Maharashtra a23 West Bengal a25 Kerala

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Indiasoft 2003, an IT Exhibition and conference was held in Liquidity is the ability of the bank to convert its non-cash assets into cash easily and without ….. The financial position of a commercial bank is reflected in its UTI was set up in Which commission recommended the establishment of the Reserve Bank of India Income of a religious trust is chargeable to tax as income of CENVAT is related with Decentralization is Unclaimed dividends is shown in the balance sheet under the heading Who appoints the finance commission in every fifth year National watershed development project for rain fed area was launched in In India the first cement factory was started in

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‘Dow Jones’ is the stock index of
In India, the deadline of the goal ‘Power for all’ is in the year The nodal agency for setting up of Agro-Export zones is

‘Nikkel’ is the stock index of

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Finance Commission was setup in the year

State Bank of India was nationalised in the year

‘Dax’ is the stock exchange of which country
With which country’s assistance the Rourkela Steel Plant had been built Which commission was appointed by the Government in 1969, to check the concentration of economic power in the hands of a few business families Which theory professed that democracy was useless to the poor in and under developed country, if it could not guarantee them adequate food, clothing and shelter The minimum number of persons required to get a co-operative society registered is Removal of poverty was the main objective of which five year plan Sales tax is a type of

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Answers
(Click on the Question Number to return to the corresponding Question) a1 a3 New Delhi Balance sheet a2 a4 Loss

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1964

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a3 a5 a7 a9

Balance sheet Hilton Young Commission Special excise duty Current liabilities

a4 a6 a8

1964 An association of persons Increase the importance of subordinates

a10 The President a12 Chennai a14 2012 a16 Japan a18 1952 a20 Germany a22 Rice Bown Theory a24 Fifth

a11 1990-91 a13 USA a15 APEDA a17 1955 a19 Germany a21 MRTP commission a23 10 a25 Indirect tax

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Most of the disguised unemployed persons in India are found in (a) agriculture (b) industry (c) trade (d) transport Seasonal unemployment refers mainly to (a) private sector industry (b) public sector industry (c) agriculture (d) banks Till which plan Employment Strategy had been growth linked? (a) 6th plan (b) 7th plan (c) 3rd plan (d) 5th plan Which of the following programmes were started during the Fourth Five Year Plan? (i) Rural Works Programme (RWP) (ii) Marginal Farmers and Agricultural Labourers Scheme (MFAL) (iii) Small Farmers Development Agency (SFDA) (iv) Integrated Dry Land Agricultural Development (IDLAD) (a) (i) and (ii) only (b) (ii) and (iv) only (c) (i), (ii) and (iv) only (d) (i), (ii), (iii) and (iv) Food for work Programme was introduced during the (a) Fourth Plan (b) Fifth Plan (c) Sixth Plan (d) Seventh Plan The SFDA has been merged into (a) MFAL (b) IRDP (c) IDLAD (d) TRYSEM The Food for work Programme has been restructured as (a) IDLAD (b) IRDP (c) MFAL (d) NREP TRYSEM deals with (a) training of young scientists for employment (b) training of rural youth for self-employment (c) training of young students for employment (d) none of these

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The major emphasis in the First Plan was on (a) agriculture (b) industry (c) employment generation (d) none of these The major emphasis of the Third Plan was on (a) making India self-reliant (b) adult education (c) Green revolution (d) Food for Work Programme Which one of the following is not an objective of Indian's economic planning? (a) Population growth (b) Industrial growth (c) Self-reliance (d) Employment generation The Third Plan turned out to be (a) moderately successful (b) successful (c) highly successful (d) a failure The Plan Holiday refers to the period (a) 1965-68 (b) 1966-69 (c) 1967-70 (d) 1978-80 The strategic aim of the Fifth Plan was (a) adult education (b) improving transportation network (c) removal of poverty and attainment of economic self-reliance (d) modernisation of agriculture By eradicating poverty who wished to "wipe out every tear from every eye"? (a) Jawaharlal Nehru (b) Mahatma Gandhi (c) Rabindra Nath Tagore (d) Indira Gandhi The poverty line is defined on the basis of an average daily intake of ...... calories in rural areas. Page 11 / 43 (a) 2100 (b) 2300 (c) 3400 (d) 2400

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Inflation is caused by (a) increase in money supply (b) increase in production (c) decrease in production (d) both (a) and (c) In India, the largest number of workers are employed in (a) Sugar industry (b) Iron and steel industry (c) Textile industry (d) Jute industry The apex institution in the field of industrial finance is (a) Reserve Bank of India (b) Industrial Development Bank of India (c) Industrial Finance Corporation (d) Industrial Credit and Investment Corporation of India When did the Reserve Bank of India become a state owned institution? (a) 1956 (b) 1952 (c) 1947 (d) 1949 Commercial Banks in India (a) have remained neutral to the process of economic growth (b) have retarded the process of economic growth (c) have accelerated the process of economic growth (d) None of these are correct The rationale behind the nationalisation of commercial banks in 1969 was (a) removal of control by a few (b) provision of adequate credit for agriculture and small industry (c) encouragement to a new class of entrepreneurs (d) all of these Which of the following is the most important source of revenue of the States in India? (a) Sales tax (b) Excise duties (c) Land revenue (d) Professional tax Which of the following panels examined and suggested tax reforms (a) Narsimham Committee (b) Malhotra Committee (c) Chelliah Committee (d) Rangarajan Committee The most important source of public revenue is (a) taxes (b) interest (c) dividends and profits (d) licence fees

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Dazzling White Smile! Instant tooth whitening, Smile Makeovers, Hollywood Smiles in Mumbai. Your Ad Here

Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

A
a16

C
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D
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Page 12 / 43 Page 12

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Mixed economy envisages (a) co-existence of capitalists and labourers (b) integrated economic development (c) development of agriculture and industry simultaneously (d) private and public sectors 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 the above Bring out the economic factors responsible for the under-development of the Indian economy (i) Shortage of capital (ii) Technological backwardness (iii) Lack of skilled manpower (iv) Low geographical mobility due to attachment to land (a) i & ii (b) i, iii & iv (c) i, ii & iv (d) i, ii & iii Who wrote a book describing the theory of economic drain of India during British rule? (a) Dadabhai Naoroji (b) Lala Lajpat Rai (c)Mahatma gandhi (d) Jawaharlal Nehru Which one of the following is not a feature of a developing economy? (a) High rate of unemployment (b) High rate of population growth (c) High rate of capital formation (d) Widespread poverty Economic development has been retarded in India mainly due to (a) haphazard industrialisation (b) westernised social attitudes (c) poor infrastructural facilities (d) inefficient agrarian system

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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

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Which one of the following is not the economic factor, for the causes of poverty? (a) fast rise in population (b) Low productivity in agriculture (c) Mass illiteracy (d) Inequalities of income Which of the following pairs is correct?

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(A) April to March (B) January to December (C) February to March

(i) A UN year (ii) A calendar year (iii) A financial year

(a) [A-i] (b) [B-iii] (c) [A-iii] (d) [C-ii]
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National income does not include (a) interest on unproductive national debt (b) income from government expenditure (c) the payments by the households to firms for the purchase of goods and services (d) undistributed profits
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Page 13 / 43 Who wrote, The General Theory of Employment, Interest and Money?
(a) Rangar Nurkse (b) J.S. Mill (c) J.B. Say (d) J.M. Keynes
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(a) Rangar Nurkse (b) J.S. Mill (c) J.B. Say (d) J.M. Keynes
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Subsidies mean (a) payment by Government for purchase of goods and services (b) payment by business enterprises to factors of production (c) payment by companies to shareholders (d) payment by Government to business enterprises without buying any goods and services
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Depreciation means (a) destruction of a plant in a fire accident (b) loss of equipment over time due to wear and tear (c) closure of the plant due to labour trouble (d) closure of the plant due to lockout
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The 'secondary sector' of Indian economy does not include (a) Manufacturing (b) Construction (c) Mining and quarrying (d) Electricity, gas and water supply
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Expenditure on defence is an item of (a) public investment (b) private investment (c) private consumption (d) public consumption
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Which year is known as 'Year of the Great Divide' with regard to population growth

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in India? (a) 1921 (b) 1947 (c) 1951 (d) None of these
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Which of the following states has the least literacy rate? (a) Rajasthan (b) Himachal Pradesh (c) Uttar Pradesh (d) Bihar
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The maximum number of people in India work in the (a) primary sector (b) secondary sector (c) tertiary sector (d) none of these
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According to the 2001, census, the most densely populated state is (a) West Bengal (b) Kerala (c) Bihar (d) Uttar Pradesh
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Which of the following is the most populated city in India? (a) Delhi (b) Calcutta (c) Chennai (d) Mumbai
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The Department of Planning and Development was constituted by the Government of India in (a) 1940 (b) 1944 (c) 1947 (d) 1950
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The Planning Commission was set up by the Government of India in (a) 1944 (b) 1947 (c) 1950 (d) 1951
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The concept of rolling plan was accepted in (a) 1975 (b) 1976 (c) 1977 (d) 1978

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The long-term objectives of development in India have been

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The long-term objectives of development in India have been (a) high rate of growth with a view to improve the level of living of the people (b) Social justice (c) economic self-reliance (d) all the three
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Disguised unemployment refers to (a) Persons with no jobs (b) more persons employed for a job, out of them a few can accomplish (c) unemployment among women (d) unemployment of people above 60 years of age
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Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

a16

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D C D A C C C C C A D D B C D
a17 a18 a19 a20 a21 a22 a23 a24 a25

A

D

A

A

D

B

C

C

D

B

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Which of the following is associated with the largest transaction of goods freight in the country? (a) By Air (b) By Water (c) By Train (d) By Bus White revolution is associated with (a) Prof. Nanjudaiha (b) M.S. Swaminathan (c) Dr. Varghese Kurien (d) Medha Patkar "Golden Handshake" is the term associated with (a) Share market (b) Retirement benefits (c) Voluntary retirement benefits (d) Smuggling The first to implement the concept of planned economy was (a) Jawaharlal Nehru (b) Joseph Stalin (c) Marshal Tito (d) Mao Ze Dong Which one of the following sectors of the economy is state- owned and its service sector is a public enterprise? (a) Mining (b) Education (c) Transportation (d) None of these Recent industrial development of India is largest due to (a) Rationalization of raw materials (b) Availability of skilled manpower (c) Liberalization of government policies (d) Increase in market demand What is 'Estate Duty'? (a) Duty to one's motherland (b) Duty to one's home and property (c) A kind of tax (d) None of these In India, while defining an urban area, the most important consideration besides the size of its population is that it should have (a) Half of its male working population in non-primary sector (b) A police station, a telegraph office and telephone facility (c) A police station, a college and a hospital (d) Three-fourths of its male working population on non-agricultural pursuits With which trade is the term 'Exide' associated? (a) Petrochemicals (b) Tyres (c) Batteries (d) Automobile parts The Media campaign 'The World is Waiting' is related to which of the following companies? (a) Lufthansa (b) Qatar Airways (c) Indian Airlines (d) British Airways Among the BRIC countries (Brazil, Russia, India and China), which is the only trade-deficit country? (a) Brazil (b) Russia (c) India (d) China In 2005 the Government of India approved a proposal to set up an International Container Trans-shipment Terminal at which of the following ports? (a) Mubai (b) Paradip (c) Kolkata (d) Cochin (e) None of these The most important commodity in India's internal trade is (a) Coal (b) Food grain (c) Iron ore (d) Steel Deepest mine in India is located at (a) Kolar (b) Bellary (c) Jharia (d) Raniganj Which of the following ports has a free trade zone? (a) Bombay (b) Kandla (c) Cochin (d) Marmugao The maximum power in India comes from _____ plants. (a) thermal (b) hydro-electric (c) nuclear (d) solar

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The maximum amount of energy in the present day world is provided by (a) Atomic energy (b) Coal (c) Hydroelectric power (d) Fossil fuels Of the heavy inorganic chemicals, which of the following basic industrial chemicals is used in the largest quantity? (a) Caustic soda (b) Chlorine liquid (c) Sulphuric acid (d) Soda ash KLM a world wide airlines, belongs to which of the following countries (a) France (b) Germany (c) Japan (d) Netherlands (e) USA Match the following: List-I A. Blue Revolution B. Green Revolution C. White revolution List-II 1. Dairy development 2. Fisheries development 3. Food production

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India's as well as Asia's first wind farm is located in (a) Maharashtra (b) Rajasthan (c) Orissa (d) Gujarat
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Which of the following statements about Paradeep port are true? I. It is specially designed for the export of iron ore II. It is located on the Orissa Coast III. It is the biggest Seaport in India IV. The area around the port is a free trade zone (a) I and II (b) I, II and III (c) I, III and IV (d) II, III and IV
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Karl Marx advocated the establishment of a (a) democratic society (b) feudal society (c) classless society (d) capitalist society
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Indian economy is most appropriately described as a (a) Socialist economy (b) Mixed economy (c) Capitalist economy (d) None of these
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(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

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The first state in India to recognize tourism as an industry is (a) Kerala (b) Tamil nadu (c) Goa (d) Maharashtra Data one is the name associated with: (a) Reliance Infocom (b) Tata Infocom (c) Airtel (d) BSNL broadband service (e) None of these 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 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 The Reserve Bank of India was established (a) 1st January 1949 (b) 1st April 1935 (c) 1st March 1947 (d) 1st may 1955 Who is known as the father of 'Zero base budgeting'? (a) Philips Kotleryhrr (b) Peter A Pyhrr (c) Tony Blair (d) Manmohan Singh 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 Which one of the following is not a central tax? (a) Sales tax (b) Income tax (c) Excise duty (d) Customs duty

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Which one of the following ports was developed first after Independence? (a) Paradip (b) Tuticorin (c) Marmugo (d) Kandala 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 As an export item of India, which spice occupies the top position in value? (a) Pepper (b) Chilies (c) Turmeric (d) Cardamom In India the major export of iron ore is from (a) Visakhapatnam (b) Paradip (c) Marmugao (d) Haldia The BSE sensex is based on the price movement of how many shares? (a) 100 (b) 500 (c) 40 (d) 30 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 High rates of interest in a low inflation regime (a) Attract people to make more and more investments Page 19 / 43 (b) Discourage people to make an investment (c) Create atmosphere for capital formation

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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 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 The largest gold producing country in the world is (a) Brazil (b) Canada (c) South Africa (d) USA 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 Which of the following is not a source of geothermal energy? (a) Hot Geyser (b) Hot Spring (c) Coal (d) Volcano 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 Which of the following rural infrastructure areas is not covered in the Bhart Nirman scheme of the UPA Government? (a) Sanitation (b) Irrigation (c) Water Supply (d) Housing

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Which of the following companies has started a rural marketing network called "e-chaupal"? (a) ITC (b) Dabur (c) Hindustan Lever (d) Procter & Gamble

The punch-line "We Invest In Your Dreams" is of which of the following banks? (a) The Jammu & Kashmir Bank (b) Punjab National Bank (c) State Bank of India (d) UTI Bank

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Dazzling White Smile! Instant tooth whitening, Smile Makeovers, Hollywood Smiles in Mumbai. Your Ad Here

Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

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Diesel engines for railways are manufactured at (a) Chittaranjan (b) Vishakapatanam (c) Varanasi (d) Perambur With which of the following is C-DOT related? (a) Fighter planes purchased from France by India (b) Centre for development of Telematics (c) The submarine India purchased from erstwhile USSR (d) The company in Sweden that manufactures Bofos gun Statistical study of human population is called (a) Demography (b) Cartography (c) Physiography (d) Topography Gem cutting in India is done mainly at (a) Panna (b) Kolar (c) Surat (d) Sindri Trade Union means (a) Organisation of employees (b) Association of trades (c) Organisation of employers (d) Association industries Who headed the Tax Reforms Committee? (a) Dr. C.H. Hanumantha Rao (b) Dr. Bimal Jalan (c) Dr. Wanchoo (d) Dr. Raja J Chelliah Sardar Sarovar Project is to be constructed on the river (a) Godavari (b) Narmada (c) Krishna (d) Tapti Four-fifths of the goods traffic in the country is carried by (a) Trucks (b) Steamers (c) Railways (d) Aeroplanes Plan Holiday occurred between (a) First and Second Plan (b) Second and Third Plan (c) Third and Fourth Plan (d) Fourth and Fifth Plan

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Central Government is responsible for the construction of one of the following roads (a) National highways (b) State highways (c) Border roads and state highways (d) National highways and border roads A depreciation of a nation's currency usually causes internal/domestic prices to (a) Fall (b) Rise (c) Remain unchanged (d) Any of the above Paradeep port is in (a) Kerala (b) Orissa (c) Andhra Pradesh (d) Tamil Nadu World's largest producer of coffee is (a) India (b) Brazil (c) Ghana (d) Gold Coast The free trade port of the country is (a) Madras (b) Paradip (c) Kandla (d) Haldia "Garibi Hatao" was the famous slogan during (a) 1961 elections (b) 1971 elections (c) 1977 elections (d) 1985 elections Salem is important for (a) Gem cutting (b) Aircraft (c) Fertilizer (d) Stainless steel Largest producer of tea is (a) China (b) India (c) Japan (d) Brazil Wealth accumulated by evading tax is called (a) Black money (b) White money (c) Security money (d) None of these In which year was the Food Corporation of India established? Page 21 / 43 (a) January 1, 1965 (b) February 7, 1965 (c) March 18, 1965 (d) November 14, 1965

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V. Kurien is known for (a) White revolution (b) Green Revolution (c) Operation Blue Star (d) Project Tiger Nepanagar is associated with (a) Sugar mills (b) Paper mills (c) Textile mills (d) Cement The longest railway platform in India is in (a) Kharagpur (b) New Delhi (c) Howrah (d) Mughalsarai Green Revolution has been very successful in which of the following crops? (a) Grams (b) Sugar cane (c) Wheat (d) Rice DPAP stand for (a) Directorate of Public Advertisement and Publicity (b) Directorate of Planning and Administration of Productivity (c) The drought Prone Area Programme (d) None of the above Headquarters of the World Bank is situated at (a) Manila (b) Washington (c) New York (d) England

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a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

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The length of the Indira Gandhi Canal is (a) 400 km (b) 450 km (c) 468 km (d) 475 km Mazagaon Dock is a ship building yard at (a) Calcutta (b) Vishakhapatanam (c) Mumbai (d) Cochin 'Hydro-Power' is the term used for electricity produced through (a) Coal (b) Mineral oil (c) Atomic power (d) Water Apex institution which regards rural credit is (a) SBI (b) RBI (c) NABARD (d) Citibank World Bank is also known as (a) NABARD (b) ILO (c) IBRD (d) FCI The non-food crop is (a) Gram (b) Tea (c) Rice (d) Wheat The largest cotton production nation in the world is (a) USA (b) China (c) India (d) Bangladesh Which of the following diseases has been eradicated from India? (a) T.B (b) Cholera (c) Malaria (d) Small-pox The biggest enterprise of our government is (a) Steel industry (b) Railways (c) Ship building (d) None of these Royal Stag brand of Whisky is owned by (a) United Breweries (b) Shaw Wallace & Co (c) Seagram (d) Mohan Meakin Iodex brand of pain balm is owned by (a) Smithkline Beecham (b) Wyeth Laboratories (c) Glaxo (d) Dr. Reddy’s Laboratories

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Beech King and Cessna are popular models of (a) Cars (b) Aircraft (c) Ships (d) Transport vans Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets (a) Stock Exchange (b) Banking (c) Mutual Fund (d) Income Tax Dr. Pepper is a famous brand of (a) Iced tea (b) Peppermint (c) Soft Drinks (d) None of these National saving certificates (NSC) are issued by (a) Banks (b) Hospital (c) General stores (d) Post offices The major source of power in India is (a) Coal (b) Petroleum (c) Electricity (d) All the above 'Black gold' stands for (a) Coal (b) Petroleum (c) 24-carat gold (d) Nuclear waste The Oil and Natural Gas Commission was set up in India in (a) 1947 (b) 1950 (c) 1956 (d) 1960 Which of the following years is known as the 'Year of Great Divide'? (a) 1857 (b) 1921 (c) 1941 (d) 1947 Agriculture provides employment to ____ persons in our country. (a) 42% (b) 64% (c) 70% (d) 85% Which of the following still remains the backbone of the Indian economy? Page 23 / 43 (a) Agriculture (b) Coal industry (c) Steel industry (d) None of these

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National Bank for Agriculture and Rural Development (NABARD) was established in (a) 1947 (b) 1960 (c) 1970 (d) 1982 The first Regional Rural Bank was established in (a) 1947 (b) 1960 (c) 1970 (d) 1975 The Comprehensive crop Insurance Scheme (CCIS) was launched in (a) 1947 (b) 1960 (c) 1975 (d) 1985 National Productivity Council was set up in (a) 1947 (b) 1950 (c) 1958 (d) 1960

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(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

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NTPC produces electricity from (a) Water (b) Coal (c) Oil (d) All the above Which of the following is NOT a member of OPEC? (a) Iran (b) Iraq (c) Saudi Arabia (d) Australia India set up the Planning Commission in (a) 1947 (b) 1948 (c) 1950 (d) 1954 The first Five Year Plan was put into operation in (a) 1st April 1951 (b) 15th August, 1947 (c) 2nd October, 1948 (d) 1st April, 1954 The Integrated Rural development Programme (IRDP) was launched during ____ Five Year Plan. (a) Sixth (b) Second (c) Third (d) Fourth The highest priority given in the first Plan was for the development of (a) Minerals (b) Industries (c) Agriculture (d) Power During the Second Five Year Plan more emphasis was laid on improving the conditions in (a) Minerals (b) Industries (c) Social life (d) Education The States involved in the Dandakaranya Project are (a) Uttar Pradesh, Maharashtra and Karnataka (b) Karnataka, Andhra Pradesh and Tamil Nadu (c) Orissa, Madhya Pradesh, and Andhra Pradesh (d) Kerala, Tamil Nadu and Andhra Pradesh What is Gomia in Bihar famous for? (a) Coal fields (b) Manganese mines (c) Fertilizer plant (d) Explosives factory The Indian city famous for glass bangle industry, is (a) Lucknow (b) Sikandrabad (c) Ferozabad (d) Agra The first fertilizer plant was set up at (a) Nangal (Punjab) (b) Sindri (Bihar) (c) Alwaye (Kerala) (d) Trombay (Maharashtra) Tanks are manufactured at (a) Kanpur (b) Chittaranjan (c) Perambur (d) Avadi The headquarters of ONGC is situated at (a) Bombay (b) Delhi (c) Dehradun (d) Vadodara The largest bauxite producer in India is (a) Rajasthan (b) Madhya Pradesh (c) Bihar (d) Orissa Petroleum was first struck in (a) Bombay (b) Digboi (c) Koyali (d) Ankaleshwar Gondwana coalfields are situated in (a) Madhya Pradesh (b) West Bengal (c) Jammu & Kashmir (d) Kerala The Sirhind Canal, which irrigates a considerable portion of Punjab comprising Ludhiana, Patiala, Sangrur, Bhatinda and Ferozepur, takes off from the left bank of the (a) Beas (b) Ravi (c) Sutlej (d) Jhelum India is the largest exporter of _____ in the world. (a) Cashew kernels (b) Walnut kernels (c) Pecan kernels (d) Almond kernels Which region is known as the Rice Bowl of India? (a) Indo-Gangetic Plain (b) Krishna-Godavari delta region

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(a) Indo-Gangetic Plain (b) Krishna-Godavari delta region (c) North-east region (d) Kerala and Tamil Nadu
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The land utilisation statistics in India is available to nearly (a) 92.5 percent of the total area (b) 98 percent of the total area (c) 90 percent of the total area (d) 85 percent of the total area Which of the following is the first nuclear power station in India? (a) Tarapur (b) Kalpakkam (c) Kota (d) Narora India has monopoly in the production of ___ in the world (a) Manganese (c) Iron (c) Mica (d) Uranium Thorium is recovered most economically from monazite which occurs extensively in the sands on the cost of (a) Tamil Nadu (b) Kerala (c) Goa (d) Andra Pradesh Most of the coalfields of Bihar and west Bengal are located in the valley of (a) Mahanadi (b) Damodar (c) Godavari Basin (d) Cauvery Basin The wheat is not suitable for growing in the South because (a) Rainfall is low there (b) The winters there are too warm (c) It is too humid in the South (d) Dry conditions prevail in early

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a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

B
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Tobacco in India grows mainly in areas which are (a) Warm and moist (b) Cool and rocky (c) Warm and sandy (d) Cool Which of the following states is the largest producer of groundnuts? (a) Bihar (b) Gujarat (c) Maharashtra (d) Uttar Pradesh The oldest refinery in India is located at (a) Digboi (b) Haldia (c) Koyali (d) Noonamati Which of the following is not a port on the east coast of India (a) Tuticorin (b) Vishakhapatnam (c) Kandla (d) Paradeep Ankaleshwar in India is known for the production of (a) Bauxite (b) Coal (c) Iron ore (d) Petroleum Where was the first port in India established by the Britishers? (a) Calcutta (b) Surat (c) Bombay (d) Vishakhapatnam Which state in India is the largest producer of tea? (a) West Bengal (b) Kerala (c) Assam (d) Tamil Nadu The largest producer of ginger (a) Tamil nadu (b) Kerala (c) Karnataka (d) Mizoram Which state is called the Sugar Bowl of India? (a) Madhya Pradesh (b) Uttar Pradesh (c) Karnataka (d) Maharashtra Jute is grown on a large scale in the delta of (a) Sutlej (b) Godavari (c) Ganges (d) Damodar Which state is the most urbanized state? (a) Maharashtra (b) Punjab (c) Tamil nadu (d) Karnataka

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In which state an outsider cannot own property? (a) Uttar Pradesh (b) Assam (c) Punjab (d) Jammu & Kashmir Which is India's largest port city? (a) Cochin (b) Vishakapatnam (c) Kandla (d) Mumbai With which field are the terms B2B and B2C associated? (a) securities trading (b) shipping (c) international trade (d) Information Technology Name the first proponent of computer networking and interconnectivity? (a) BillGates (b) J.C.R. Licklider (c) Leonard Klienrock (d) Gordon Moore Where in India does the Enfield Motorcycle Co. have its plant? (a) Mumbai (b) Bangalore (c) Pune (d) Chennai The name of which brand of car means 'sky' in Italian? (a) Alto (b) Uno (c) Cielo (d) Baleno What is the core business of the Kirloskar - Cummins group? (a) automobile engines (b) compressors precision (c) instruments (d) None of these Which IIM was set up with a grant from the Ford Foundation? (a) Lucknow (b) Ahmedabad (c) Calcutta (d) Bangalore Where is the World Economic Forum headquartered? (a) Zurich (b) Geneva (c) Davos (d) Munich Which country started off the Industrial Revolution? (a) France (b) the USA (c) Great Britain (d) Germany Which state is called the ‘bread basket’ of India? (a) Punjab (b) Gujarat (c) Maharashtra (d) Haryana

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With which famous Lifestyle brand would you associate the little known company Mirza Tanneries (a) Red Tape Shoes (b) Phoenix (c) Calvin Klein (d) Lee Cooper Which State is the largest producer of tea in India? (a) West Bengal (b) Kerala (c) Assam (d) Tamilnadu The highest yield of rice per hectare in India is in (a) Punjab (b) Kerala (c) Karnataka (d) West Bengal

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a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

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What is deficit financing Major source of Thorium in India is in the state In which Indian state is lignite is found Which is known as India’s ‘Mineral State’ The multipurpose dam built by the joint venture of Karnataka and Andhra Pradesh The most important role played by Agricultural Co-operative Societies in the uplifting of rural farmers is Who finally approves the draft of Five Year plans A port where no duties are levied on articles of commerce is called The commodity for which India spends the largest amount to import is In which industry pure silicon is used The signature found in One rupee currency notes in India is of Human Poverty Index is determined on the basis of The largest revenue in India is obtained from Main function of RIDF is Million Wells Scheme (MWS) was started in the year The gilt-edged market deals in

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Imperial Bank of India is now known as Kerala’s first bank Nedungadi bank merged with Which bank represents India at the International Monetary Fund India’s oldest iron and steel industry is A cheque in India becomes stale after ……. months What is the minimum permissible age for employment in any factory or mine in India

‘Yellow Revolution’ is associated with

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‘India Vision-2020’ plans to attain a GDP growth of
The first finance company to be converted into a bank in India is

Answers
(Click on the Question Number to return to the corresponding Question) a1 a deliberate excess of expenditure over income Tamilnadu a2 Kerala

a3

a4 Jharkhand Page 29 / 43

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a5 a7 a9

Thungabhadra National development council Petroleum

a6 a8

eliminating exploitation of middlemen Free port

a10 Electronic industry a12 Backwardness in the area of Economics Education and Health a14 Development of village roads, development of village bridges & development of marshy places in villages a16 Government securities a18 Indian Overseas Bank a20 Reserve Bank of India a22 Six a24 9%

a11 Secretary, Ministry of Finance

a13 Excise duty

a15 1988-89 a17 Production of cereals a19 Punjab National Bank a21 TISCO at Jamshedpur a23 14 years a25 Kothak Mahindra Finance Ltd

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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 Food for work program was introduced during the (a) Fourth Plan (b) Fifth Plan (c) Sixth Plan (d) Seventh Plan Most of the disguised unemployed persons in India are found in (a) Agriculture (b) Industry (c) Trade (d) Transport 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 The plan Holiday refers to the period (a) 1965-68 (b) 1966-69 (c) 1967-70 (d) 1978-80 India's first private telephone service was launched in 1998 in (a) New Delhi (b) Mumbai (c) Indore (d) Chennai 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 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 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 Which country became the first hydrogen economy of the world. (a) Ireland (b) Thailand (c) Switzerland (d) Iceland (e) England

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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 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 Largest producer of silk in the world (a) Russia (b) Switzerland (c) China (d) India What is known as golden fibre (a) Jute (b) Silk (c) Coir (d) None of these 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 The most important small scale industry in India (a) Handloom (b) Coir (c) Cashew (d) Matchbox 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

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The concept of five year plans in India was introduced by

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(a) Jawaharlal Nehru (b) Vallabhai Patel (c) M.Visweshwarayya (d) Gandhiji
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The twenty point programme was first started by (a) Rajiv Gandhi (b) Indira Gandhi (c) Jawaharal Nehru (d) Narasimha Rao The 'Garibi Hatao' slogan was coined by (a) 1989 (b) 1985 (c) 1979 (d) 1975 Decimal coinage was introduced in India in the year. (a) 1955 (b) 1957 (c) 1960 (d) 1947 How many banks were nationalized in 1969? (a) 12 (b) 13 (c) 14 (d) 19 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 The largest public sector industry in India is (a) Coal (b) Railways (c) Post and Telegraph (d) Indian Oil Corporation The Indian state with highest per capita income is (a) Punjab (b) Haryana (c) Kerala (d) Maharashtra

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http://appscgroup.blogspot.com/ Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

C
a16

B
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A
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A
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A

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Which is India's largest B P O (Business Process Outsourcing) company? (a) Progeon (b) Spectramind (c) Technovate (d) None of these Pradham Mantri Gram Sadak Yojana (PMGSY) was launched in the year (a) 2001 (b) 2000 (c) 1999 (d) 1998 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 Which is India's first Euro-II complete car? (a) Maruti-800 (b) Matiz (c) Tata Safari (d) Fiat Palio 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 Which is India's largest Mutual Fund organisation? (a) GIC (b) SBI (c) UTI (d) ICICI "Xtra Premium" is a hi-octane petrol marketed by (a) Indian Oil (b) Bharat (c) Hindustan (d) None of these Slogan 'The World's local Bank' is associated with (a) HSBC (b) American Exp (c) ABN Amro (d) Standard Charted 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

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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

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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 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 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 Income Tax contributes ____ per rupee to the Central Government's total revenue. (a) 20 paisa (b) 13 paisa (c) 11 paisa (d) 8 paisa 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 Page 33 / 43 (d) Taxes on income other than agricultural income

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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 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 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 Which of the following agencies does not finance local bodies for infrastructural development? (a) LIC (b) HUDCO (c) CRISIL (d) ILFS 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 India occupies first position in the production of which of the following? (a) Milk (b) Vegetable (c) Software (d) Meat (e) None of these Kelkar Committee was appointed for reviewing (a) VAT (b) Income Tax (c) IIM fees restucturing (d) Godhra issue (e) None of these 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 financial (e) None of these 'G' in 'G'-Sec' stands for (a) Government Securities (b) Global Securities (c) General Securities (d) Group Securities (e) None of these 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

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Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6

Pagea8 34 a7
A A

/ 43 a9
B

a10

a11

a12

a13

a14

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D

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C

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D

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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. 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 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 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 Which amidst the following is a demand pull factor causing inflation? (a) Non-plan expenditure (b) Increasing indirect taxes (c) Administered prices (d) Subsidies 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 Where is India's 'Silicon Valley' situated? (a) Dehradun (b) Bangalore (c) Hyderabad (d) Srinagar

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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 At Break-Even point, there is (a) Profit (b) Loss (c) No loss no profit (d) Income 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 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 Classical economists mainly emphasised full employment through (a) Lower profit (b) Lower money wages (c) Decreasing money supply (d) Lower rate of interest Imputed gross rent of owner-occupied buildings is a part of (a) Capital formation (b) Final consumption (c) Intermediate consumption (d) Consumer durable Excess of earnings of any factor of production over its minimum supply price is known as Page Marginal cost (a) Profit (b) Rent (c) Opportunity cost (d)36 / 43

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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 The main determinant of real wages is (a) Extra earnings (b) Nature of work (c) Promotion prospects (d) Purchasing power of money 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. 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 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 'Ceteris Paribus' means (a) Ignoring everything (b) Including each component (c) All other things unchanged (d) Everything variable Grand Vitara XL-7 is a vehicle launched by? (a) Ford (b) GM (c) Maruti Suzuki (d) Hyundai

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The catchline 'The joy of flying' is associated with (a) Jet Airways (b) Sahara Airlines (c) Indian Airlines (d) Air India 'Suvidha' fixed deposits scheme has been launched by (a) ICICI bank (b) City Bank (c) State Bank of India (d) IDBI Which one is not a product from Daburs? (a) Real Juice (b) Vatika Shampoo (c) Sona Chandi Chwanprash (d) Amla Hair oil "Cook food. Serve love" punch line is associated with (a) Bharat gas (b) Indane (c) LG Micro oven (d) Super flame

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Answers
Page 37 / to (Click on the Question Number to return 43the corresponding Question) Page 37

a1

a2

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The Finance commission is appointed every ____ years or earlier (a) 3 (b) 4 (c) 5 (d) 7 Ad Valorem means, according to (a) valid rules (b) existing rules (c) value (d) excise rules Match List I with List II and select the correct answer using codes given below the Lists: List I (Abbreviation) A B C D (a) (b) (c) (d) CART ICICI NAFED NSIC A 3 1 4 1 B 4 2 3 3 C 2 4 1 4 D 1 3 2 2 1 2 3 4 List II (Nature of Work) Small Industries Agricultural Marketing Rural Technology Financial Institution

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In the official industrial policy formulation, a small industry is defined as a unit having investment up to (a) Rs. 50 Lakh (b) Rs. 1 Crore (c) Rs. 60 Lakh (d) Rs. 65 Lakh The Co-operative Credit Societies have a (c) four-tier structure (d) none of these
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(a) two-tier structure (b) three-tier structure Which of the following operates at the district level? (a) State Co-operative Bank (b) Central Co-operative Bank (c) Primary Agricultural Credit Society (d) The Reserve Bank of India

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Land Development Banks provide credit to farmers for (a) short-term needs (b) medium-term needs (c) long-term needs (d) none of these
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The Agricultural Prices commission was set up in (a) 1947 (b) 1951 (c) 1965 (d) 1974
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The largest rice-producing state in India is (a) West Bengal (b) Kerala (c) Uttar Pradesh (d) Bihar
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AGMARK is (a) co-operative for egg production (b) regulated agricultural market (c) farmers Co-operative (d) a quality guarantee stamp for agricultural and allied commodities

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The basic objectives of the Public Distribution System are (a) to improve distribution of basic goods (b) to control process of essential commodities (c) to maintain good quality at low cost to bring stability in prices (d) all the above
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As per the Banking Regulation Act, every scheduled bank of India is required to deposit some cash against its total deposits with RBI, is called (a) Bank Rate (b) Bank Reserve Ratio (c) Cash Reserve Ratio (d) None of these
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The father of political economy is (a) T.R. Malthus (b) Adam Smith (c) Karl Marx (d) J.M. Keynes
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Primary sector refers to (a) Industry (b) Agriculture (c) Trade (d) Banks
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'Zamindari' system was abolished in India in (a) 1950 (b) 1954 (c) 1958 (d) 1960
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FCI stands for (a) Food Committee of India (b) Food Company of India (c) Fiscal Committee of India (d) Food corporation of India
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(a) India (b) China (c) USA (d) Russia India has about ____ population of the world (a) 13% (b) 14% (c) 16.7% (d) 16% India is a/an (a) Advanced economy (b) Backward economy (c) Developing economy (d) None of these

Which is the most populous country in the world?

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Disguised unemployment means (a) Workers not getting jobs (b) Number of worker engaged in work are more than required (c) Workers who are not willing to work (d) None of these
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Consumer Protection Act was passed in (a) 1947 (b) 1950 (c) 1986 (d) 1964
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Which of the following is not an agro-based industry? (a) Cotton textile manufacturing (b) Packing (c) Canning and preservation of fruit and vegetables (d) Steel manufacturing
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NREP was launched to check

(a) Unemployment (b) Population (c) Brain drain (d) All the above

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About 40% of India's population is (a) Below 14 years (b) Between 14 & 60 years (c) Between 60 & 70 years (d) Above 70 years
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Removal of poverty was the main objective of which Five Year Plan? (a) First (b) Third (c) Fifth (d) Seventh
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Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

C
a16

C
a17

A
a18

B
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Which factor from the following is principally responsible for the poverty level in India (a) Lack of adequate production of food grains in India (b) Inadequate PDS network (c) Regional disparities in productivity of food grains (d) Inadequate purchasing power In a capitalistic economy there is (a) Maximum production (b) Full employment (c) Efficient use of resources Debenture holders of a company are its (a) Creditors (b) Share holders (c) Directors (d) Debtors Who among the following Indian economists had done the pioneering work on national income (a) P.N. Dhar (b) Prof. Shenoi (c) Jagdish Bhagwati (d) V.K.R.V. Rao One of the essential qualities of a ‘share’ in a public limited company is that it is (a) non-transferable (b) easily transferable (c) transferable after 10 years Who among the following is associated with ‘Microsoft’ (a) Andrew Grove (b) Ted Twiner (c) Bill Gates (d) Rupert Murdoch Which one is the cheapest form of transport in India (a) Railways (b) Inland waterways (c) Roadways (d) Oceanic waterways Prime Minister’s Rozgar Yojana aims at helping (a) Handicapped people (b) Youth of the weaker sections (c) Educated unemployed urban youth (d) Women

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Mechanization of agriculture will lead to (a) Higher dose of employment (b) Higher per unit cost of operation (c) Higher per unit production (d) Higher utilization of resources Which of the following is not a function of the Reserve Bank of India (a) Accept deposits above Rs. 1 Crore and above for terms of 5 years (b) The banker to Govt. of India (c) Issue currency notes (d) The baker to banks Wood is the raw material for the manufacture of (a) Paper (b) paint (c) Gun powder (d) Ink The largest contributor to India’s GDP is (a) Manufacturing sector (b) Agricultural sector (c) Service sector Sources of Bank’s incomes are (a) Rebate on discount bills (b) Interest on loans and investments (c) Interest on advances (d) All of these Of the following organizations, the easiest to wind up is the (a) Multinational corporation (b) Public limited company (c) Partnership firm (d) Private limited company These days a person’s social status is determined by his (a) Birth (b) Occupation (c) Degree of moral (d) Land The early cities rested on the foundation of Page (d) 43 (a) Taxation (b) Forced labour (c) Slavery 42 / All the above

NABARD is a (a) Bank (b) Bureau (c) Board

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According to Marx the first historical act of society is (a) Distribution (b) Production (c) Labour (d) Conflict Which of the following is not a feature of joint family (a) Small size (b) Common occupation (c) Common religion (d) Joint property Basic measure of population distribution is (a) Sex ratio (b) Death rate (c) Density (d) Birth rate The most fundamental division of a class in any society is found between the (a) agriculturalists (b) theist and atheist (c) rich and poor (d) commoners and rulers India exports Iron ore to which country (a) Japan (b) Sri Lanka (c) Australia (d) Iraq Stainless Steel plant is located at (a) Trivandrum (b) Madras (c) Salem (d) Jamshed pur Which of the state in India produces largest quantity of petroleum (a) Bihar (b) Maharashtra (c) Kerala (d) Assam Which of the following states is the largest producer of cashew nuts in India (a) Tamil Nadu (b) Assam (c) Kerala (d) Karnataka

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(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

B
a16

A
a17

A
a18

B
a19

B
a20

C
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C
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A
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B&C
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A

C

D

C

B

D

B

A

C

C

A

C

D

C

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