Quiz 308 : Indian Economy for Administrative Services Examinations

1.In context with the currency management in India the responsibility for coinage vests with which of the following?
(A)Government of India
(B)Reserve Bank of India
(C)Currency Chests
(D)Commercial Banks
(E)Parliament

2.In which year Government of India scrapped the exim scrips and introduced partial convertibility of Rupee?
(A)1990
(B)1992
(C)1991
(D)1993
(E)1996

3.Which among the following was set up primarily for the rehabilitation of Sick units?
(A)Industrial Finance Corporation of India
(B)Industrial Reconstruction Bank of India
(C)Small Industries Development Bank of India
(D)Central Bank of India
(E)None of them

4.Bring out the qualitative control instrumentof Reserve Bank of India from the given statements?
(A)RBI increases Reverse Repo rate in the quarterly review of the monetary policy
(B)RBI decreases the CRR rate in the quarterly review of the monetary policy
(C)RBI decreases the Bank rate in the quarterly review of the monetary policy
(D)RBI announces selective credit control in the quarterly review of the monetary policy
(E)RBI does not alter the statutory Liquidity Ratio in the quarterly review of the monetary policy

5.Bring out the place where there is not a Railway Production Unit?
(A)Chittranjan
(B)Bhopal
(C)Kapurthala
(D)Hyderabad
(E)Perambur

6.Which among the following was chosen as a unit of developing banking infrastructure in the Lead Bank Scheme?
(A)Town
(B)Village
(C)District
(D)State
(E)Panchayat

7.In which year Lead Bank Scheme was introduced?
(A)1952
(B)1965
(C)1969
(D)1974
(E)1976

8.Which among the following helps to solve the balance of payments problem of member countries?
(A)World Bank
(B)International Development Fund
(C)Asian Development Bank
(D)World Economic Forum
(E)World Trade Center

9.What name has been given to the Second Green Revolution which was announced by India Prime Minister in 2005?
(A)Phyto sanitary revolution
(B)Biotech Revolution
(C)Gene Revolution
(D)Cash Crop Revolution
(E)None of them

10.The Agrarian Reforms Committee under the chairmanship of Shri J C Kumarappa in 1949 was related to which of the following?
(A)Cooperative Farming
(B)Land Reforms
(C)Irrigation and watershed Development
(D)High Yielding Seeds
(E)Rural Credit

11.In which year National Seeds Corporation was set up?
(A)1954
(B)1966
(C)1963
(D)1975
(E)1968

12.What was the main objective of Vishesh Krishi Upaj Yojna announced in 2004?
(A)To bring the chash crops under insurance
(B)To help the cultivators of flowers , fruits etc financially
(C)To review and monitor the Minimum Support prices for certain crops
(D)To make Indian agricultural products internationally competitive
(E)all of above

13.The main objective of British developing India Railway system was to facilitate the traffic between?
(A)Source of raw material and export centers
(B)Source of raw material and ports
(C)Source of raw material and production centers
(D)Source of raw material and markets
(E)None of them

14.In which century maximum investment was made by the British in Core & Infrastructure sector in India?
(A)18 th century
(B)19th century
(C)20th century
(D)all of them
(E)none of them

15.In context with the inflation control, what is the meaning of sterilization for foreign inflow?
(A)filtering the black money
(B)compliance with import export regulations
(C)stopping the counterfeit currency to enter the circulation
(D)withdrawing a equivalent local currency to maintain desirable rate of exchange
(E)allowing currency trade futures

16.In context with the financial markets , an agreement to exchange floating rate payments for fixed rate payments (or vice-versa) at regular intervals over pre-specified period on a certain principal amount is known as ____?
(A)Currency Swap
(B)Interest Rate swap
(C)Rolling Settlement
(D)Arbitration
(E)Hedge

17.Which year is known for BOP crisis in Indian Economy?
(A)1977
(B)1988
(C)1991
(D)1999
(E)2001

18.The Paris convention of 1983 was a pioneering effort in the protection of which of the following?
(A)Indigenous Species
(B)Intellectual Property
(C)Environment
(D)Indigenous languages
(E)World Heritage Sites

19. Countervailing duty is imposed on which of the following?
(A)imported goods
(B)exported goods
(C)imported good on which import subsidy is applicable
(D)exported goods on which export subsidy is applicable
(E)None of them

20.Pump priming mainly deals with which of the following?
(A)Increased government expenditure during recession
(B)Decreased government expenditure during recession
(C)Increased government income during recession
(D)Decreased government income during recession
(E)None of them

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