Quiz 458: Indian Economy For Civil Services

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1).

Consider the following statements: 

  1. 14 major dairying states account for more than 90% of India’s Milk Production 
  2. National Dairy Plan was launched to improve the quality of Milch animals in these 14 states 

Which among the above statements is / are correct?

2).

Consider the following statements: 

  1. Among Fruits, Largest Area under cultivation in India is that of Banana 
  2. Among Fruits, Largest Production is India is that of Mango 

Which among the above is / are correct statements?

3).

Consider the following statements: 

  1. Both Coffee and Tea prefer slightly acidic Soil 
  2. Both Coffee and Tea show winter dormancy

Which among the above statements is / are correct?

4).

Consider the following statements: 

  1. Most of the wool produced in India is not enough to fulfill demand of the country
  2. Most of the wool produced in India is NOT of apparel grade 

Which among the above statements is are correct ?

5).

Consider the following statements: 

  1. A debenture Holder is also a creditor to the company 
  2. A debenture Holder is also eligible to vote in the company

Which among the above statements is/ are correct?

6).

Consider the following statements: 

  1. Deficit financing essentially involves public expenditure in excess of public revenue
  2. In Deficit financing, the new currency replaces the old currency

Which among the above statements is / are correct?

7).

Consider the following statements: 

  1. Indian Rupee has faced 2 devaluations till now 
  2. Indian Rupee faced highest devaluation in 1966

Which among the above statements is / are correct?

8).

Consider the following statements:

  1. In Narrow Banking, Banks just accept deposits and provide loans.
  2. In Narrow Banking, there is rarely Asset Liability Mismatch.

Which among the above statements is / are correct?

9).

Consider the following statements: 

  1. Not all banks come under the regulation of Right to Information Act 
  2. Not all banks come under the Schedule 2 of RBI 

Which among the above statements is / are correct?

10).

Consider the following statements: 

  1. In Banks, the “Staff Security Deposits” come under Time Liabilities 
  2. In Banks. “Cash certificates” come under the Demand Liabilities

Which among the above statements is/ are correct?

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Comments

  • Anonymous
    Reply

    Dear sir which country is the largest tea producer in the world and which is the largest consumer ,which is the largest exporter plz
    help me on this

    if another person who know it plz help me

  • Anonymous
    Reply

    hasnt INDIAN RUPEE been devaluated twice only ie in 1966 and 1991..
    the answer in question 7 shows otherwise

  • Admin
    Reply

    Rupee was devaluated in 1949 also. It is incorrect to say that Indian Rupee has been devalued only for two times.
    When India became a member of IMF Rupee was tied to Pound. On 18 September, 1949 Pound devalued and India to maintain par with pound, got Rupee devalued by 30.5 % as a defensive measure consequent to the devaluation by other 'sterling area' countries.This was on 19 September 1949.

  • russet
    Reply

    China…largest producer
    U.K…..largest consumer
    srilanka…..largest exporter

  • dhareshwar
    Reply

    2nd Question –

    2. Among Fruits, Largest Production is India is that of Mango

    I suppose it is true

  • dhareshwar
    Reply

    As per RBI website http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5279&Mode;=0

    Cash certificate is a 'Demand Liability'

  • dhareshwar
    Reply

    Indian Rupee has faced 2 devaluations till now

    is Correct – 1966 and 1991

  • Admin
    Reply

    Regarding question 7 please read the last line on this page: Link

    Regarding area and production, the order has been reversed in 4. Largest area is under Mango and Largest Production is of Banana.

    Cash Certificates are NOT demand Liabilities. Kindly Read the link again which your are providing here. Thanks for your comments..

  • dhareshwar
    Reply

    yeah sorry, cash certificate is not Demand liability.

  • Anonymous
    Reply

    could u kindly give link to the source of tea..

    because i think largest tea exporter is kenya and laregst importer is russia
    india as largest consumer

  • Mn
    Reply

    banana has largest area under cultivation followed by mango and citrus

    • admin

      Thanks for This comment , but the info on the link you gave is not correct. The most ideal source for this info is “National Horticulture Database” on the basis of which this question has been framed. Check this snippet

  • Mn
    Reply

    thanx a lot sir..

  • shivaji123
    Reply

    india faced devaluation in 1966 instead of 1991.