SUPER COACHING ODISHA BY TESTBOOK

ECONOMICS
1. Which programme given the slogan of Garibi The non-plan budget is spent on routine items yearly.
Hatao? The planned budget is spent on a five-year basis as per
the priorities fixed by the plan.
Ans- 5th five-year plan
The model of the Indian Economy was premised on the
concept of planning based on five-year plans from 1951-
2017.
The Five Year Plans were formulated, implemented and
regulated by a body known as the Planning
Commission.
The Planning Commission was replaced by a think tank
called NITI AAYOG in 2015.
4. Who was the first Chairman of the Planning
Commission?
Ans- Pt. Jawahar Lal Nehru
5. The Secretariat of SAARC is set up at
Ans- Kathmandu
2. In which five year plan India opted for mixed
economy? The South Asian Association for Regional Cooperation
is the regional intergovernmental organization and
Ans- second
geopolitical union of states in South Asia. Its member
3. When was the first five year plan of India started? states are Afghanistan, Bangladesh, Bhutan, India,
Maldives, Nepal, Pakistan, and Sri Lanka
Ans- 1951
6. When was plan holiday declared?
The Idea of Planning as a process of rebuilding the
economy gained prominence in the 1940s-50s. Ans- after the third plan
Various Industrialists came together in 1944 and drafted 7. The very first five year plan of India was based on
a joint proposal for setting up a planned economy in the model of
India. It is famously known as the Bombay Plan.
Ans- Harrod Domar model
Planning for development was seen as a crucial choice
8. Which is the principal regulator for stock exchange
for the country, following Independence.
in India
Joseph Stalin was the first person to implement the
Ann- SEBI
Five-Year Plan in the Soviet Union, in the year 1928.
SEBI stands for the Securities and Exchange Board of
India launched a series of Five-Year Plans after
India. It is a statutory regulatory body established by the
independence to build its economy and attain Government of India in 1992 to protect the interests of
development. investors investing in securities, along with regulating
The idea of five-year plans is simple- The Government the securities market.
of India prepares a document with all its income and 9. The Accounting year of Reserve Bank of India runs
expenditure for five years.
from
The budget of the central government and all the state
Ans- July to June
governments is divided into two parts: non-plan budget
and plan budget.

6371424292 [1] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

10. The financial capital of India 19. Insurance sector in India is regulated by
Ans- Mumbai The Insurance Regulatory and Development Authority
of India is an autonomous and statutory body under the
11. The concept of mixed economy means
jurisdiction of Ministry of Finance, Government of
Ans- simultaneous existence of the private and public India. It is tasked with regulating and licensing the
sector insurance and re-insurance industries in India.
12. The most important source of revenue for the Chairperson: Debasish Panda
states in India is
Founded: 1999
Ans- Sales Tax
Headquarters: Hyderabad
Sales tax is the main source of revenue for State
20. RBI was established (1 April, 1935) under which
Governments in India. It is levied on the sale of goods
act?
within a state and is collected by the state government.
Ans- Reserve Bank of India Act, 1934
13. Financial Commission is a
[Link] Revolution refers to the production of
Ans- Constitutional Body
Ans- Oil Seeds
14. Money supply is governed by the
22. Larger production of goods would lead to higher
Ans- Reserve Bank of India
production of what in future
15. Where is the Indian Institute of Foreign Trade
Ans- capital goods
Located
[Link] Quadrilateral project is associated with
Ans- New Delhi
the development of
16. Per Capita income is obtained by dividing
Ans- Highways
National Income by
The Golden Quadrilateral (GQ) is the largest express
Ans- Total Population of the country
highway project in India. It connects India's four largest
17. FERA in India has been replaced by metropolises: Delhi, Mumbai, Kolkata, and Chennai,
Ans- FEMA and thus, forms a quadrilateral of sorts. Bengaluru, Pune,
Ahmedabad, and Surat are also served by this network.
24. Taxation and the government's expenditure
policy are dealt under which policy?
Ans- Fiscal Policy
25. If the price of an inferior good falls, what about
its demand?
Ans- Remains Constant
Giffen goods are rare forms of inferior goods that have
no ready substitute or alternative, such as bread, rice, and
potatoes. The only difference between Giffen goods and
traditional inferior goods is that demand for the former
increases even when their prices rise, regardless of a
consumer's income.
18. Which is the biggest tax paying sector in India
26. Which type of unemployment mostly found in
Ans- Industrial Sector India?
Ans- Disguised Unemployment
6371424292 [2] FOR DISCOUNT APPLY CODE - EZSAI
 SUPER COACHING ODISHA BY TESTBOOK

investors. Any dividends or capital gains collected from

the underlying securities go back to the investors.
27. Which is the largest Public Sector Bank in India?
32. A new private bank is established under which
Ans- State Bank of India
act?
Ans- Companies Act 1956
33. How many country are represented in
International Monetary Fund (IMF)?
Ans- 189
The main difference between the International Monetary
Fund (IMF) and the World Bank lies in their respective
purposes and functions. The IMF oversees the stability
of the world's monetary system, while the World Bank's
goal is to reduce poverty by offering assistance to
middle-income and low-income countries.
34. In which plan was the objective of self-reliance
and zero net foreign aid was declared?
Ans- Fourth 5 year plan
35. One rupee notes contain the signature of___?
Ans- Finance Secretary, GOI
28. Who wrote the book 'Planned Economy for
India'? 36. Which is treated as artificial currency?

Ans-M. Visvesvaraya Ans- SDR

29. Who was the first Indian Governor of the RBI SDRs are used by the members of the IMF to pay their
dues and transfer funds between countries.
Ans- CD Deshmukh
The value of the SDR is based on a basket of five
30. To meet the need of whom, the concept of Land currencies—the U.S. dollar, the euro, the Chinese
Development Bank has been developed? renminbi, the Japanese yen, and the British pound
The main objective of the LDB is to promote the sterling.
development of land, agriculture and increase the [Link] was the earlier name of the WTO?
agricultural production. The LDB provides long-term
finance to members directly through its branches. Ans- GATT

31. Participatory Notes (PNs) are associated with The General Agreement on Tariffs and Trade (GATT),
which investors? which was signed in 1947, is a multilateral agreement
regulating trade among 153 countries.
Foreign Institutional Investments
38. Which bank is the Banker of the Banks?
Participatory Notes which are also regarded as P-Notes
(PNs) are the instruments issued by registered FIIs. The Ans- RBI
PNs are issued for the overseas investors who want to 39. For international payments, to which currency is
invest in the stock markets in India, without being the Indian currency linked?
registered under SEBI.
Ans- American Dollars
For example, Indian-based brokerages buy India-based
securities and then issue participatory notes to foreign

6371424292 [3] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

40. When was Consumer Protection Act (COPRA) 44. Which committee is associated with the
passed? microfinance institutions (MFIs)?
Ans- 1986 The Malegam Committee is officially known as the
"Committee on Microfinance Institutions." It was
The Consumer Protection Act, 1986 was an Act by the
formed by the Reserve Bank of India (RBI) in 2010 to
Parliament of India elected to protect the interests of
review the issues and concerns related to microfinance
consumers in India. It was replaced by the Consumer
institutions (MFIs) in India.
Protection Act, 2019.
45. A company which pools money from investors
41. Investment in public works is known as______?
and invests in stocks, bond and shares is
Ans- Capital Expenditure called_______?
An example of Capital Expenditure is purchasing a new Ans- Mutual Fund
building, while an example of Revenue Expenditure is
46. Gilt-edged means?
paying rent for an existing building.
Ans- Market of govt. securities
Gilt funds are a debt mutual fund that invests almost
entirely in government bonds, sometimes known as G-
Secs. G-secs, or Government securities, are sovereign
papers issued by the Government of India. They
are high-grade investment bonds offered by
governments and large corporations as a means of
borrowing funds.
47. Who was the first Indian Governor of RBI?
Ans- Shachindra Ray
[Link] philosophy of 'Laissez-faire' is associated with
?
Ans- Laissez-faire is an economic philosophy of free-
market capitalism that opposes government intervention.
42. In which year was Railway Budget in India 49. Where is Indian coins minted?
separated from general budget?
Ans- Mumbai, Calcutta & Hyderabad
Ans-1924
50. Where is the head office of India Post Payments
43. Which is the best measure of economic growth of Bank located?
a country?
Ans- New Delhi
Ans- GNP
IPPB offers savings accounts, money transfer and
insurances through the third parties, bill and utility
payments. The bank also provides features like:
Account: The bank offers savings and current accounts
up to a balance of ₹2 Lakh.
51. Who coined the term 'Hindu rate of growth' for
Indian Economy ?
Ans- Raj Krishna
The Hindu rate of growth is a term used to describe the
lower rate of economic growth observed in the Indian
6371424292 [4] FOR DISCOUNT APPLY CODE - EZSAI
 SUPER COACHING ODISHA BY TESTBOOK

economy during the 1950s to 1980s and it averaged Dadabhai Naoroji prepared the first estimates of
around 4%. National income in 1876. He estimated the national
income by first estimating the value of agricultural
production and then adding a certain percentage as non-
52. "Growth with Social Justice and Equity" was the agricultural production.
focus of -
63. Which sector of Indian Economy has shown
Ans- 9th five year plan remarkable expansion during the last decade? -
53. The employment generating programmes like Ans- Tertiary Sectors
Jawahar Rozgar Yojana was started in -
64. World Development Report is an annual
Ans- 7th five year plan publication of___?
54. When was the National Bank for Agriculture and Ans- World Bank (International Bank of -
Rural Development (NABARD) set up? Reconstruction & Development)
Ans- 1982 65. Which of the following nation is considered the
55. Where are the headquarters of United Nations originator of the concept of microfinance? -
Conference on Trade and Development (UNCTAD)? Ans- Bangladesh
Ans- Geneva The modern use of the expression "microfinancing" has
The Trade and Development Report, launched in 1981, roots in the 1970s when Grameen Bank of Bangladesh,
is issued every year for the annual session of the Trade founded by microfinance pioneer Muhammad Yunus,
and Development Board. was starting and shaping the modern industry of
microfinancing.
56. Who is called the 'Father of Economics'? -
66. Where is the headquarter of New Development
Ans- Adam Smith Bank (NDB) located? -
57. The LPG Model of Development was introduced Ans- Shanghai
by the then Finance Minister-
67. The First Five-year Plan was launched in which
Ans- Manmohan Singh year -
58. "Faster, sustainable and more inclusive growth" Ans- 1951
was the objective of -
68. The slogan of 'Garibi Hatao' (Remove Poverty)
Ans- 12th Five year plan was launched in which FYP? -
59. National Income estimates in India are prepared Ans- 5th 5 year
by -
69. 'Golden Handshake Scheme' is associated with_?
Ans- Central Statistical Organization
Ans- Voluntary Retirement
60. Economic planning is in -
70. Who has presented the Union Budget of India
Ans- Concurrent list maximum number of times?
61. The very first five year plan of India was based on Ans- Morarji Desai
the model of:
71. The second Five Year plan was based on_?
Ans- Harrod Domar Model
Ans- Mahalanobis model
62. Who had estimated National Income income in
India first- 72. VAT has been introduced on the recommendation
of which commission? -
Ans- Dadabhai Naoroji
Ans- L. K. Jha Commission

6371424292 [5] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

A value-added tax, is a consumption tax that is levied on 81. The policy regarding special Economic Zones
the value added at each stage of a product's production (SEZ) was announced in –
and distribution. VAT is similar to, and is often
Ans- April, 2000
compared with, a sales tax. VAT is an indirect tax
because the consumer who ultimately bears the burden A special economic zone (SEZ) is an area in which the
of the tax is not the entity that pays it. business and trade laws are different from the rest of
the country. SEZs are located within a country's
73. Who was the Chairman of the first Finance
national borders, and their aims include increasing
Commission?
trade balance, employment, increased investment,
Ans- K. C. Niyogi job creation and effective administration.
74. Those goods which have positive relationship 82. Global Financial Stability Report is published by
between price and quantity demanded are called as –
Ans- Giffen Goods Ans- IMF
75. Which Indian got Nobel Prize for Economics? - 83. Kandla is well known for -
Ans- Amartya Sen Ans- Export processing zone
76. First Industrial Policy of free India was An Export Processing Zone (EPZ) is a Customs area
announced in the year - where one is allowed to import plant, machinery,
equipment and material for the manufacture of export
Ans- 1948
goods under security, without payment of duty.
Industrial Policy – 1948. After having attained
84. World's largest reserve of Uranium found in -
independence, the Government of India declared its first
Industrial Policy on 6th April, 1948. The Industrial Ans- Australia
Policy 1948 was presented in the parliament by
85. The Gandhian economy is based on the principle
then Industry Minister Dr. Shyama Prasad Mukherjee.
of –
77. Rourkela Steel Plant was set up with the
Ans- Trusteeship
assistance from -
Trusteeship is a socio-economic philosophy that was
Ans- West Germany
propounded by Mahatma Gandhi. It provides a
78. Gresham's low relates to - means by which the wealthy people would be the
trustees of trusts that looked after the welfare of the
Ans- Money Supply
people in general.
In economics, Gresham's law is a monetary principle
86. Under which agreement International Monetary
stating that "bad money drives out good". For example,
Fund was established -
if there are two forms of commodity money in
circulation, which are accepted by law as having similar Ans- Bretton Woods Agreement
face value, the more valuable commodity will gradually
87. National Rural Development Institute is situated
disappear from circulation.
at? -
79. The standard of living in a country is represented
Ans- Hyderabad
by its –
88. Name the oldest insurance company of India? –
Ans- Per Capita Income
Ans- Oriental Life Insurance company
80. United Nations Human Development index has
been develop by – 89. Excise duty is a tax levied on the_?
Ans-Mahboob ul Haq Ans- Production of goods

6371424292 [6] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

90. Which state stands first in the length of roads in [Link] Committee's recommendations are being
the country? followed for estimating Poverty Line in India -
Ans- Maharashtra Ans- Lakdawala Committee
91. "Bad money (if not limited in quantity) drives
good money out of circulation." is the law known as -
Ans- Gresham's law
[Link] commission has been replaced by which
of the institution -
Ans- NITI Ayog
93. The concept of Economics Planning in India is
derived from which country -
Ans- Russia
94. Which organization is known as Market
Regulator in India -
Ans- SEBI
103. Union Budget of India is presented by whom and
95. Where is the headquarter of World Bank located
in which house/ houses of the Parliament?
-
Ans- Finance Minister of India; Lok Sabha
Ans- Washington DC
104. In which type of economy are the factors of
96. Which plan is also known as 'Gadgil Yojna' -
production owned individually
Ans-3rd five year plan
Ans- Capitalist
97. 'Brent 'Index is associated with ? -
105. Poverty in less developed countries is largely due
Ans- Crude oil prices to
In trading, Brent is one of the benchmarks for oil in the Ans- Income inequality
wider market, such as the Middle East, Europe and
106. Which committee examined and suggested
Africa.
financial sector reforms?
98. Who presented the first union budget of
The Narasimham Committee 1 was established in 1991
Independent India?
by FM Manmohan Singh to examine the functioning of
Ans- RK Shanmukham Chetty banks. In August 1991, a nine-member committee was
99. Who is considered the guardian of the Public appointed to suggest reforms to the financial system.
Purse? - 107. Long term agriculture credit is provided by
Ans- CAG Ans- Land Development Bank
The Comptroller and Auditor General of India is the A land development bank , abbreviated LDB, is a special
supreme audit institution of India, established under kind of development bank in India. It is a quasi-
Article 148 of the Constitution of India. commercial type that provides services such as accepting
100. Which ministry formulates fiscal policy? - deposits, making business loans, and offering basic
investment products.
Ans- Finance Ministry
108. The world trade organization is located at
101. Which is the oldest stock exchange in Asia? -
Ans- Geneva
Ans- Bombay Stock Exchange
6371424292 [7] FOR DISCOUNT APPLY CODE - EZSAI
 SUPER COACHING ODISHA BY TESTBOOK

The Marrakesh Agreement, manifested by the 117. Major Banks (14) were nationalized in the year
Marrakesh Declaration, was an agreement signed in
Ans- 1969
Marrakesh, Morocco, by 123 nations on 15 April 1994,
marking the culmination of the 8-year-long Uruguay 118. Nagarjuna Sagar Multipurpose Project' is on
Round and establishing the World Trade Organization, which river
which officially came into being on 1 January 1995. Ans- Krishna
109. Who is responsible for the preparation and 119. India earns maximum foreign exchange by the
presentation of Union Budget to the Parliament? export of
Ans- Department of Economic Affairs Ans- Textile
110. Which country is the largest producer of wool? 120. Which State of India occupies largest area under
Ans- Australia Soya Been cultivation
111. Which is the largest shipyard in India? Ans- Madhya Pradesh
Ans- Kochi 121. Who makes recommendation regarding fixing of
minimum support price for various crops?
112. Tarapore Committee was associated with
Ans- Commission for Agriculture Costs and Prices
Ans- Fuller capital account convertibility
122. A 'Closed Economy' is an economy
Full convertibility would mean the rupee exchange
rate would be left to market factors without any Ans- neither exports nor imports take place
regulatory intervention. There may be no limit on 123. NITI Ayog came into existence on
inflow or outflow of capital for various purposes
including investments, remittances, or asset Ans- 1st January 2015
purchases/sales. 124. What is the purpose of 'Ujjwala Plus' to allow
113. Which represents a progressive tax structure? people to donate cooking gas connections for poor
households?
Ans- Tax Rate increase as income increase
Ans- ensure universal coverage of cooking gas in the
114. What is the base of Human development index? country.
Ans- Health, education, employment 125. In the index of Eight Core Industries, which is
the highest weight ?
Ans- Electricity generation
The core sector in India comprises eight key
industries: coal, crude oil, natural gas, refinery products,
fertilizers, steel, cement, and electricity.
126. Who brings out the 'Consumer Price Index
Number for the Industrial Workers?
115. During which Five Year Plan, India has achieved
the maximum per capita growth rate Ans- The Labour Bureau

Ans- Eleventh Plan 127. The Phillips Curve represents relationship

between
116. The apex bank for providing agriculture
refinance in India Ans- Inflation and Unemployment

Ans- NABARD

6371424292 [8] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

128. The first phase of liberalization was initiated in

India under the regime of
135. Financial Action Task Force (FATF) is an
Ans- PV Narsimha Rao initiative of
129. The 'Goods and Services Tax' was proposed by Ans- G7
a task force, whose President was
The Financial Action Task Force (FATF) was
Ans- Vijay Kelkar established in 1989 by the G7 to examine and develop
130. 'Global Financial Development Report' is measures to combat money laundering. It originally
published by which of the organization included the G7 countries, the European Commission
and eight other countries.
Ans- World Bank
136. Which constitutional amendment act is related
131. New Development Bank belongs to which to GST?
International organisation?
Ans- Constitution (101 Amendment) act, 2016
Ans- BRICS
137. Who is the ex-officio chairman of Planning
132. Green Climate Fund is dealt by which of the Commission and National Development Council?
following agency?
Ans- Prime Minister
Ans- UNDP
138. When the demand for a good increase with an
133. What is meant by a White Label ATM? increase in income, such a good is called
Ans- ATMs which are set up by non-banking entities Ans- Superior good
White Label ATMs are the kinds of ATMs that are 139. SBI was earlier known as
managed and operated by some non-banking entities
as per the mandates generated by the Reserve Bank Ans- Imperial Bank of India
of India (RBI). 140. Lorenz curve shows
134. Banks, borrow money from the Reserve Bank of Ans- Income distribution
India at which of the following rates
141. 'Residex Index' is associated with
Ans- Repo Rate
Ans- Housing Prices
142. Gandhian Plan was put forward in 1944 by
Ans- S.N. Aggarwal
143. Rolling plan concept was coined by
Ans- Gunnar Myrdal

6371424292 [9] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

Gunnar Myrdal was a Swedish economist, politician, 153. A short-term government security paper is
and social advocate who was awarded the Nobel Prize in called -
1974. Myrdal's economic work included contributions to
Ans- Treasury bill
price theory and applied work in international
development. Treasury Bill is a money market instrument is issued by
the Government of India. The bill is issued as a
144. Verghese Kurien was the father of
promissory note of repayment in the future. The purpose
Ans- White Revolution of a treasury note is to secure funds to meet the short-
term fund requirements of the government. It is done to
145. Who considered as the founder and architect of
minimize the fiscal deficit of the country.
India's Blue Revolution?
154. Which state in India is estimated to have the
Hiralal Chaudhari
largest coal reserves in India?
Hiralal Chaudhuri and Arun Krishnan are regarded as
Ans-Jharkhand
the Father of Blue revolution in India. Chaudhuri was the
architect of induced breeding and spawn production of 155. Major coalfields of India are located in the river
the economically important carp Cirrhinus reba in valley of
captivity.
Ans- Damodar
146. The white Revolution in India was an initiative
156. Which nuclear power plants has the highest total
by -
installed capacity?
As- National Dairy Development Board
Kudankulam Nuclear Power Plant (or Kudankulam NPP
147. Golden Revolution is related with - or KKNPP) is the largest nuclear power station in India,
situated in Kudankulam in the Tirunelveli district of the
Ans- Honey and Horticulture production
southern Indian state of Tamil Nadu.
148. The practice of selling goods in a foreign country
157. Which source of renewable energy has greatest
at a price below their domestic selling price is called
potential in India?
-
Ans- Solar Power
Ans-Dumping
[Link] union territory has the female literacy is
149. 'Full convertibility of a rupee' means -
highest according to Census 2011?
Ans- Determination of rate of exchange between rupee
Ans-Lakshdweep
and foreign currencies freely by the market forces of
demand and supply As per the 2011 Census, in Lakshadweep 91.8% of the
population is literate. The literacy rate of Lakshadweep
150. Trade policy is prepared and announced by -
has increased from 86.7% in the 2001 Census to 91.8%
Ans- Ministry of Commerce in the 2011 Census. Lakshadweep has the highest
151. FERA in India has been replaced by - literacy rate among all the Union Territories of India.

Ans- FEMA 159. In which type of economy property and business

are owned and controlled by individuals?
152. Funds which continuously shifts from countries
with low-interest rates to those with higher rates is Ans-Capitalist Economy
called - 160. barter transactions means -
Hot money continuously shifts from countries with low- Ans- Goods are exchanged with goods
interest rates to those with higher rates. These financial
161. Which sector is the largest employer in India?
transfers affect the exchange rate and potentially impact
a country's balance of payments. Ans-Agriculture

6371424292 [10] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

162. Which sector contribute more of the savings in 3. SWIFT - Society for Worldwide Interbank
India? Financial Telecommunication code
Ans-Household Sector 4. GST - Goods and Services Tax
163. If the price of an inferior good falls, its demand 5. ASEAN - Association of South East Asian Nations
-
6. BRICS - Brazil, Russia, India, China and South
Ans-Rises Africa
164. All of the goods which are scarce and limited in 7. FCI - Food Corporation of India
supply are called -
8. FTP - Foreign Trade Policy
Ans-Economic goods
9. IMF - International Monetary Fund
165. Who coined the phrase 'Tragedy of the
10. NITI - National Institution for Transforming
Commons' -
India
Ans- Garett Hardin
11. UNESCO - United Nations Educational, Scientific
Garrett James Hardin was an American ecologist and and Cultural Organization
microbiologist. He focused his career on the issue of
12. TRAI - Telecom Regulatory Authority of India
human overpopulation.
13. PMKSY - Pradhan Mantri Krishi Sinchayee
Hardin believed that the world would have to control its
Yojana
human population growth. The globe itself was the
ultimate commons, and adding billions more people 14. NSSO - National Sample Survey Office
would tax its limited resources. 15. IFSC: Indian financial system code
166. Who determines the price in a capitalistic 16. KYC: Know your customer
Economy?
17. TC - Total Cost
Ans- Demand and Supply
18. TVC - Total Variable Cost
167. Production of a commodity mostly through the
natural process is an activity of - 19. TFC - Total Fixed Cost

Ans- Primary Sector 20. MC - Marginal Cost

168. Black Revolution – Related with Petroleum 21. RTS - Returns to Scale
Production 22. TR - Total Revenue
Grey Revolution- Related with Fertilizers 23. MRPL - Marginal Rate of productivity of labour
169. Pink Revolution- Related with Onions, Prawn 24. VMPL - Value of marginal productivity of labour
Red Revolution - Related with Meat, Tomato 25. GDP - Gross domestic product
Production
26. GDP MP - Gross domestic product at market
170. Evergreen Revolution- Intended for overall price
agriculture production growth
27. GDPFC - Gross domestic product at factor cost
Silver Fibre Revolution- Related with Cotton
28. NNPMP - Net national product at market price
Production
29. NNPFC - Net national product at factor cost
1. NABARD – National Bank For Agriculture &
Rural Development 30. PI - Personal Income
2. SEBI – The Securities and Exchange Board of 31. PDI - Personal disposable Income
India
32. GVA - Gross value added
6371424292 [11] FOR DISCOUNT APPLY CODE - EZSAI
 SUPER COACHING ODISHA BY TESTBOOK

33. NVA - Net value added

34. CRR - Cash Reserve Ratio United Nations Children’s Fund (UNICEF) - New York,
US
35. SLR - Statutory Liquidity Ratio
United Nations Populations Fund (UNFPA) - New York,
36. OMO - Open Market Operation
US
37. RBI - Reserve Bank of India
United Nations Conference on Trade & Development
38. MD - Money Demand (UNCTAD) -Geneva, Switzerland
39. MS - Money Supply World Economic Forum - Geneva, Switzerland
40. AD - Aggregate Demand World Trade Organisation - Geneva, Switzerland
41. AS - Aggregate Supply World Meteorological Organisation- Geneva,
42. PSUs - Public Sector Undertakings Switzerland

43. FRBMA - Fiscal Responsibility and Budget World Intellectual Property Organisation -Geneva,
Management Act Switzerland

44. BOP - Balance of Payment Organisation for Economic Cooperation & Development
(OECD)- Paris, France
45. BOT - Balance of Trade
United Nations Industrial Development Organisation
46. PPP - Purchasing Power Parity (UNIDO)- Vienna, Austria
47. FDI - Foreign Direct Investment Organisation of Petroleum Exporting Countries (OPEC)
BANK HEADQUARTERS -Vienna, Austria
HDFC Bank - Mumbai South Asian Association for Regional Cooperation
(SAARC) -Kathmandu, Nepal
Punjab National Bank - New Delhi
171. Which is the oldest stock exchange in the world?
State Bank of India - Mumbai
Union Bank of India - Mumbai Ans-Amsterdam Stock Exchange
International Organizations - HQs 172. Which is the oldest Development Financial
Institution of India?
Asian Infrastructure Investment Bank (AIIB) -
Beijing, China Ans- IFCI Industrial Finance Corporation of India

New Development Bank (BRICS Development Bank)

- Shanghai, China
Asian Development Bank (ADB) -
Manila, Philippines
International Monetary Fund (IMF) -
Washington DC, US
World Bank - Washington DC,
United Nations Organization (UN) -New York, US
Association of South East Nations (ASEAN) - ------
Jakarta, Indonesia
Asia Pacific Economic Cooperation (APEC)
- Singapore 173. When was EXIM Bank set-up?

6371424292 [12] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

The Export-Import Bank of India is a specialized 180. In India, liberal Industrial Policy was adopted in
financial institution in India that was established in 1982. the year -
The bank's primary function is to finance, facilitate and
Ans-1991
promote India's international trade. It is owned by the
Government of India and operates as a statutory 181. Inflation rate based on consumer price index
corporation. increases if –
174. Who was the reformer of oppressed and Ans-Bank Rate is decreased
backward classes? Changes in the CPI are used to assess price changes
Ans- DR B R Ambedkar associated with the cost of living. The CPI is one of the
most frequently used statistics for identifying periods of
175. What was the Wood's Despatch about?
inflation or deflation. If Bank Rate is decreased then CPI
Ans- Education increases.
Wood's dispatch is the informal name for a formal A bank rate is the interest rate at which a nation's central
dispatch that was sent by Sir Charles Wood, the bank lends money to domestic banks. This is often in the
President of the Board of Control of the British East form of very short-term loans.
India Company to Lord Dalhousie, the Governor-
182. Tapas Majumdar Committee gave report on -
General of India. Wood's communique suggested a
major shift to popularising the use of English within Ans- Primary level educational expenditure
India. 183. Which law stated that the size of the a firm and
176. When was the Rolling plan designed? its growth rate are independent?
Ans- 1978-83 Ans- Gibrat's Law
Rolling Plan in India was started in 1978. The rolling A rule defined by Robert Gibrat (1904–1980) in 1931
plan concept was coined by Gunnar Myrdal. This plan stating that the proportional rate of growth of a firm is
was rejected again by the Indian National Congress independent of its absolute size.
government when it came to power in 1980 and a new 184. The Foreign Exchange Management
sixth plan was made. The main advantage of the rolling Act(FEMA) was passed in which year?
plans is that they are flexible.
Ans-1999
177. Where are the headquarters of IMF and World
Bank located? 185. Which plan is also known as 'Gadgil Yojana'?

Ans-Both Washington DC Ans-3rd FYP

178. Twenty Point Programme" was launched in the 186. In which year SIDBI was established?
year? Ans-1990
Ans- 1980 187. When and where was the office of GATT
A package of programmes comprising schemes relating established?
to poverty alleviation, employment generation, Ans- Geneva, 1948
education and health etc. called Twenty Point
188. The per capita income is obtained by-
Programme (TPP-86), has been in operation since 1975.
This programme was restructured in 1982, 1986 and Ans-Dividing national income by population
again in2006.
189. Gilt-edged securities' are issued by
179. In India, Hindu Rate of Growth is associated
Ans-Government or semi government companies
with
Ans-National Income

6371424292 [13] FOR DISCOUNT APPLY CODE - EZSAI

 SUPER COACHING ODISHA BY TESTBOOK

190. What is the minimum denomination of Treasury

bills to issue in India?
Ans- Rs. 25000
191. What is an octroi?
Ans- Tax
Octroi and Entry tax are indirect local taxes levied by the
tax authorities when goods enter their jurisdiction.
Octroi is levied when the goods enter a city, whereas
Entry tax is levied when the goods enter a state. The
supplier pays the tax to the local tax authorities.
192. Fiscal Policy in India is formulated by -
Ans- Finance Ministry
193. 'New-Malthusian Theory' is associated with -
Ans- Thomas Malthus
The Malthusian Theory of Population is the theory
of exponential population and arithmetic food supply
growth. The theory was proposed by Thomas Robert
Malthus. He believed that a balance between population
growth and food supply can be established through
preventive and positive checks.
194. The SDR is an international reserve asset,
created by
Ans- IMF

6371424292 [14] FOR DISCOUNT APPLY CODE - EZSAI