Quiz 450: GK (Indian Economy) for Public Services Examinations

1.Consider the following:
1. Disbursement of 32 % of the Net Bank Credit to Total Priority Sector
2. Disbursement of 18% of the Net Bank Credit to Agriculture Sector
3. Disbursement of 10% of the Net Bank Credit to SSIs (Small Scale industries)
Which among the above targets have been fixed for the Foreign Banks Operating in India?
(A)Only 1
(B)Only 2 & 3
(C)Only 1 & 3
(D)Only 3

2.Consider the following statements about a former Minister/ Prime Minister / President of India?
1. His birthday falls in November and is celebrated as a National Observance all over India
2. He is known to have established first Indian Institute of Technology and the University Grants Commission
3. He served as head of CBSE, once upon a time
Which among the following personalities, the above statements refer to ?
(A)Jawahar Lal Nehru
(B)Maulana Abul Kalam Azad
(C)S Radhakrishnan
(D)Zakir Hussain

3.Recently, a new category of Non Banking Finance Company i.e. Infrastructure Investment Company was created. What is the minimum cap as percentage of total assets to be deployed in the “Infrastructure Projects” has been fixed for a Infrastructure Investment Company?

4.Micro Credit in India comes under which the following activities?
(A)Commercial Banking
(B)Cooperative Banking
(C)Private Banking
(D)Non Banking Finance

5.In which state, the SHG-Post Office Linkage Programme was started as a pilot project by NABARD in early this decade?
(C)Tamil Nadu
(D)Andhra Pradesh

6.Consider the following committee’s role played in the genesis of the given programmes:
1. Lead Bank Scheme – Narsimaham Committee
2. SHG-Bank Linkage – S K Kalia Committee
Which among the above is/ are correct?
(A)1 only
(B)2 only
(C)Both 1 & 2
(D)Neither 1 nor 2

7.National Mission on Financial Inclusion was recommended by which of the following committees?
(A)Second Narsimham Committee
(B)Rangarajan Committee
(C)Kalekar Committee
(D)Chakraborty Committee

8.Which among the following in India is responsible to create “Financial Inclusion Plans”?
(A)Reserve Bank of India
(B)Finance Secretariat
(C)State Governments
(D)None of Them

9.Consider the following:
1. Housing Loans
2. Consumer Loans
3. Auto Loans
Which among the following represents the correct increasing order of amount disbursed in these segments by March 2010?
(A)1 2 3
(B)3 2 1
(C)2 3 1
(D)1 3 2

10.As per the latest All India Census of Micro, Small & Medium Enterprises (MSMEs) , which was conducted with reference year 2006-2007, which among the following states leads in the number of Registered Micro, Small & Medium Enterprises (MSMEs) in India?
(A)Tamil Nadu
(C)Uttar Pradesh

11.Consider the following:
1. Restoration of the tax cuts
2. Compression in Government expenditure
3. Generation of revenue from 3G auction and disinvestment
The above activities have been recently taken up by the government for which of the following?
(A)To achieve Inclusive growth targets
(B)To achieve Fiscal Consolidation targets
(C)To Achieve Revenue Deficit targets
(D)To Achieve 11th Plan targets

12.Which among the following is known as highest dividend paying company in India?

13.In context with the Credit Card Business in India, a Hot card refers to ______?
(A)Low Interest Credit Card
(B)Unsolicited Credit Card
(C)Lost Credit Card
(D)Highly Promoted Credit Card

14.Which of the following two states account for two third of the Total Kisan Credit Cards Issued so far in India?
(A)Uttar Pradesh , Maharashtra
(B)Uttar Pradesh , Andhra Pradesh
(C)Andhra Pradesh, Tamil Nadu
(D)Gujarat, Maharashtra

15.Which of the following bodies had recommended a Financial Activities Tax in the first half of 2010?
(A)World Economic Forum
(B)International Monetary Fund

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  • Anonymous

    great questions sir… Thankz a lot!

  • Anonymous

    sir can u plz provide the ans for Ques 8

  • Anonymous


  • Admin

    Financial Inclusion Plans are created by Individual Banks and they have been given freedom to define their own modus operandi.

  • BHARAT KHATAL satara

    thank you sir
    in Q.8. i have confusion i think reserv bank is responsible for creation" financial inclusion plan" but ans is D

  • Admin

    The banks have to submit their plans to RBI and get approval, but again as of now, the modus operandi is something which is on discretion of the banks themselves.

  • Chetan Chaudhary

    In Q15 as far as i knw ,On April 16, 2010, the IMF proposed three types of global taxes on banks:
    1)Financial Stability Contribution
    2)Financial Activities Tax
    3)Financial Transaction Tax
    These options were presented in response to an earlier request of the G-20 leaders, at the September 2009 Pittsburgh summit.
    so ans. mst be IMF.

  • jeelan basha

    thanks to giving types of question…