Quiz 637: Indian Economy for All Examinations

1.Public Distribution System(PDS) is operated under the responsibility of the:
1.Central Government
2.State Governments
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

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2.Which of the following agricultural commodity of India gives largest in terms of export value?
[A]Tea
[B]Basmati Rice
[C]Spices
[D]Cotton

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3.Arrange the following in the descending order of the largest agricultural imports of India:
1.Pulses
2.Wood and Wood Products
3.Edible Vegtable Oils
[A]1-2-3
[B]1-3-2
[C]2-1-3
[D]3-2-1

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4.Consider the following Statements:
1.Indicative Planning is a feature of ‘Mixed Economy’.
2.Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State.
Which of the above Statement(s) is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

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5.Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?
[A]GDP Deflator
[B]CPI-AL/RL
[C]CPI-IW
[D]WPI

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6.Consider the following Statements:
1.Core Inflation is essentially demand driven.
2.Core Inflation includes items that face volatile price movement.
Which of the following Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

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7.Consider the following Statements regarding the Office of Economic Advisor(OEA):
1.It is attached to the Ministry of Finance.
2.The weekly compilation and Publication of Wholesale Price Indices (WPI) is done by the Office of Economic Advisor.
Which of the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

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8.Which among the following is the oldest Public Sector Bank of India?
[A]Punjab National Bank
[B]Imperial Bank of India
[C]Allahabad Bank
[D]Central Bank of India

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9.Consider the following Statements regarding Non-Banking Finance Institutions(NBFCs):
1.NBFCs can also engage in Micro-Finance Activities.
2.Housing-finance companies form a distinct sub-group of the NBFCs.
3.The deposit insurance facility of the Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors.
Which among the above Statement(s) is/are not correct?
[A]Only 1
[B]1 and 3
[C]All of them
[D]None of them

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10.Which among the following Public Sector Undertakings(PSUs) is the ‘fifth’ company which has been accorded the ‘Maharatna’ status?
[A]Coal India Limite(CIL)
[B]Gas Authority of India Limited (GAIL)
[C]Power Grid Corporation of India Limited
[D]Bharat Heavy Electricals Limited (BHEL)

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11.Which of the following Statements is not correct regarding the ‘Banking Sector’ of India?
[A]At present there are 26 Nationalized Banks in India.
[B]Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.
[C]Banks have the freedom to regulate their own Savings Bank Deposit interest rates.
[D]Narsimham Committee is related to Banking Sector reforms.

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12.Which among the following are the ‘Credit-Rating Agencies’ of India?
1.CRISIL
2.CARE
3.ICRA
4.ONICRA
[A]1 and 3
[B]1, 2 and 3
[C]1, 3 and 4
[D]All of them

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13.Consider the following Statements regarding ‘Take-Out Financing’:
1.It is for infrastructure projects which have long gestation period.
2.It helps to prevent any possible asset-liability mismatch.
Which of the above Statement(s) is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

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14.Which among the following are the wholly/partly owned subsidiaries of the Reserve Bank of India(RBI)?
1.Deposit Insurance and Credit Guarantee Corporation (DICGC)
2.National Housing Bank (NHB)
3.National Bank for Agriculture and Rural Development (NABARD)
4.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
[A]1 and 4
[B]1, 2 and 4
[C]2, 3 and 4
[D]All of them

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15.The concept of ‘Universal Banking’ was implemented in India on the recommendations of:
[A]Abid Hussain Committee
[B]R H Khan Committee
[C]S Padmanabhan Committee
[D]Y H Malegam Committee

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