Economics Quiz

1.    How many banks were nationalized in 1969?

A.    16  

B.    14

C.    15  

D.    20

1. B

 2.  In India, the first bank of limited liability manages by Indians and founded in 1881 was

A.    Hindustan Commercial Bank

B.    Oudh Commercial Bank

C.    Punjab National Bank

D.    Punjab and Sind Bank

2. B 

3.    In India, inflation measured by the

A.    Wholesale Price Index number

B.    Consumers Price Index for urban non-manual workers

C.    Consumers Price Index for agricultural workers

D.    National Income Deflation

3. A

4.    The annual yield from which of the following Union Government taxes is the highest?

A.    Custom duties

B.    Corporation tax and income tax

C.    Inheritance tax, wealth tax, interest tax and gift tax

D.    Excise duties

4. D

5.  The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

A.    15 to 20 percent

B.    20 to 25 percent

C.    25 to 30 percent

D.    30 to 35 percent

5. B

6.    Subsidies mean

A.    payment by government for purchase of goods and services

B.    payment made by business enterprises to factors of production

C.    payment made by companies to shareholders

D.   payment made by the government to business enterprises, without buying any goods and services

6. D

7.    National expenditure includes

A.    consumption expenditure

B.    investment expenditure

C.    government expenditure

D.    All of the above

7. D

8.    Resurgent India Bonds were issued in US dollar, Pound Sterling and

A.    Japanese Yen

B.    Deutsche Mark

C.    Euro

D.    French Franc

8. B

9.   The apex body for formulating plans and coordinating research work in agriculture and allied fields is

A.    State Trading Corporation

B.    Regional Rural Banks

C.    National Bank for Agriculture and Rural Development (NABARD)

D.    Indian Council of Agricultural Research

9. D

10. Which of the following is not an undertaking under the administrative control of Ministry of Railways?

A.    Container Corporation of India Limited

B.    Konkan Railway Corporation Limited

C.    Indian Railways Construction Company Limited

D.    Diesel Locomotive Works, Varanasi

10. C

Answers:-

1. B
2. B 
3. A
4. D
5. B
6. D
7. D
8. B
9. D
10. C