99 + Interview Questions in ECONOMICS in GK Page 2 InterviewSolution

51.	The basic regulatory authority for mutual funds and stockmarkets lies with the :1). Government of India2). Reserve Bank of India3). Securities and Exchange Board of India4). Stock Exchanges
Answer» OPTION 3 : - RESERVE BANK of INDIA

Discussion

52.	Which of the following committees was assigned to recommend reforms in the insurance sector1). Rekhi Committee2). Nadkami Committee3). Malhotra Committee4). Chelliah Committee
Answer» OPTION option 3 is the CORRECT ANSWER

Discussion

53.	The budget is presented to the Parliament on :1). the last day of February2). 15th March3). the last day of March4). 1st April
Answer» HELLO, the LAST DAY of FEBRUARY is CORRECT

Discussion

54.	India earns maximum foreign exchange from the export of :1). garments2). jute3). gems and jewellery4). cotton
Answer» I have READ it SOMEWHERE JUTE is CORRECT

Discussion

55.	The main function of the Exim Bank is :1). to help RBI in the regulation of foreign exchange2). to prevent unlicensed transaction3). to promote exports and curtail imports4). to conserve foreign exchange
Answer» RIGHT ANSWER for this QUESTION is OPTION 3

Discussion

56.	Match the following A. Dutt Committee 1.Village and Small Scale Industries B. Raj Committee 2. Direct Taxes C. Wanchoo Committee 3. Agricultural Taxes D. Karve Committee 4.Industrial Licensing Codes1). A1 B2 C3 D42). A4 B3C2 D13). A1 B4 C3 D24). A2 B3 C4 D1
Answer» OPTION 2 is the ANSWER

Discussion

57.	Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it1). Rs. 500/-2). Rs. 100/-3). Rs. 50/-4). RS. 5/-
Answer» I THINK OPTION 2 is the RIGHT ANSWER

Discussion

58.	Which State has the maximum number of people living below the poverty line 1). Bihar2). Madhya Pradesh3). Maharashtra4). Uttar Pradesh
Answer» Its very SIMPLE QUESTION BIHAR is the CORRECT ANSWER.

Discussion

59.	Rupee was devalued by what percent in July 19911). 182). 203). 224). 25
Answer» OPTION 2 : 20 is CORRECT

Discussion

60.	The Issue Department of the RBI maintains a against printing of notes :1). Minimum Reserve System2). Proportional Reserve System3). Proportional Gold Reserve System4). Proportional Foreign Securities Reserve System
Answer» CORRECT ANSWER is: OPTION 1

Discussion

61.	India opted for 'Mixed Economy' in:1). Framing of the Constitution2). Second Five Year Plan3). Industrial Policy of 19484). none of these
Answer» SECOND FIVE YEAR PLAN is the ANSWER

Discussion

62.	From the view cf International economy, Third World1). the developed countries2). the developing countries3). block led by U.S.A., U.K. etc.4). None of these
Answer» OPTION 2 : the DEVELOPING COUNTRIES is CORRECT

Discussion

63.	In India, the bank NABARD does not provide refinance to:1). Scheduled Commercial Banks2). Regional Rural Banks3). Export-Import Banks4). State Land Development Banks
Answer» Regional RURAL BANKS : OPTION 3 is the correct ANSWER

Discussion

64.	When was the decimal system of currency introduced in India1). 19482). 19503). 19544). 1957
Answer» 1957 : - OPTION 4

Discussion

65.	Which of the following organisations in India is mainly working to meet the credit needs of all types of agricultural and rural development activities 1). FCI2). IDBI3). NABARD4). ICAR
Answer» HELLO, IDBI is CORRECT

Discussion

66.	Which of the following is wrongly matched1). Cess - a compulsory levy collected by the governmentfor a particular purpose from all persons2). Indian Institute - Lucknow of Sugarcane Research3). Corporation tax - levied by corporations for civic amenities4). Proportional tax - a tax levied at the same time at all levels of the base
Answer» OPTION option 3 is the CORRECT ANSWER

Discussion

67.	'Devaluation' means :1). converting rupee into gold2). lowering of the value of one currency in comparison of some foreign currency3). making rupee dearer in comparison to some foreign4). None of these
Answer» ANSWER for this QUESTION is OPTION 2

Discussion

68.	What is the animal on the insignia of the RBI 1). Lion2). Tiger3). Panther4). Elephant
Answer» RIGHT ANSWER is TIGER

Discussion

69.	Gadgil Formula refers to the allocation of :1). market borrowings between the States2). Central Plan assistance between the States3). tax proceeds between the States4). foreign aid between the Centre and States
Answer» Central PLAN assistance between the States is the correct ANSWER as per the SSC answer key

Discussion

70.	By which bill does the government make arrangement for the collection of revenues for a year1). Supplementary Budget2). Finance Bill3). Fiscal Budget4). Economic Bill
Answer» FINANCE BILL SEEMS CORRECT.

Discussion

71.	Match the following: Publishers Publication A. Ministry of Industry 1. Report on Currency and Finance B. Central Statistical 2. Economic Survey Organisation C. Reserve Bank of 3. Wholesale Price IndexIndia D. Ministry of Finance 4. National Accounts Statistics Codes1). A4 B3 C2 D12). A3 B4 C1 D23). A4 B3 C1 D24). A3 B4 C2 D1
Answer» I THINK OPTION 2 is the RIGHT ANSWER

Discussion

72.	The Indian budget includes:1). revised estimates for the current year2). budget estimates for the following year3). actual figures of the preceding year4). all of these
Answer» ANSWER for this QUESTION is all of these

Discussion

73.	The earlier name of the WTO was :1). UNIDO2). UNCTAD3). OECD4). GATT
Answer» GATT SEEMS CORRECT.

Discussion

74.	Which of the following prints currency notes of the denomination of Rs. 1001). The Bank Note Press, Dewas2). The Indian Security Press, Nasik Road3). The Security Printing Press, Hyderabad4). All the above
Answer» option 1 is the correct ANSWER as PER the answer KEY

Discussion

75.	The oldest stock exchange of India is:1). Bombay Stock Exchange2). Ahmedabad Stock Exchange3). Ahmedabad Stock Exchange4). Hyderabad Stock Exchange
Answer» RIGHT ANSWER for this QUESTION is Bombay STOCK EXCHANGE

Discussion

76.	A Special Economic Zone (SEZ) is set up at:1). Positra2). Kandla3). Kochi4). None of these
Answer» HELLO, KANDLA is CORRECT

Discussion

77.	Which of the following is not shared by the Centre and the States1). Sales Tax2). Corporation Tax3). Income Tax4). Union Excise Duties
Answer» OPTION 1 is the RIGHT ANSWER

Discussion

78.	India has the maximum volume of foreign trade with :1). USA2). Japan3). germany4). UAE
Answer» I have READ it SOMEWHERE USA is CORRECT

Discussion

79.	The largest contribution in India's National Income is from:1). primary sector2). secondary sector3). tertiary sector4). any of the above
Answer» Its TOUGH but OPTION 3 SEEMS CORRECT

Discussion

80.	Broad money in India is :1). $M_{1}$2). $M_{2}$3). $M_{3}$4). $M_{4}$
Answer» OPTION 3 is the RIGHT ONE

Discussion

81.	The system of value added taxation is applicable to :1). excise duties2). income tax3). estate duty4). taxes on agricultural income
Answer» RIGHT ANSWER is EXCISE DUTIES

Discussion

82.	Which of the following is not an affiliate of the Reserve Bank of India 1). Unit Trust of India2). The Industrial Development Bank of India3). Agricultural Refinance Corporation4). Deposit Insurance Corporation
Answer» CORRECT ANSWER is: UNIT TRUST of INDIA

Discussion

83.	Which of the following agencies has the power to declare any industrial unit as a potentially sick unit1). BIFR2). MRTPC3). FICCI4). IRBI
Answer» Its very SIMPLE QUESTION BIFR is the CORRECT ANSWER.

Discussion

84.	Taxation and the government's expenditure policy are dealt under the :1). trade policy2). budget3). fiscal policy4). monetary policy
Answer» RIGHT ANSWER for this QUESTION is OPTION 3

Discussion

85.	After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:1). Wanchoo Committee2). Rajah Chelliah Committee3). Raj Committee4). Narsimhan Committee
Answer» OPTION 2 : SEEMS CORRECT

Discussion

86.	In which Plan was the growth rate target exceeded1). First2). Fifth3). Sixth4). In none
Answer» Its TOUGH but OPTION 1 SEEMS CORRECT

Discussion

87.	Core industries include :1). basic industries2). industries catering to defence requirements3). critical industries4). all the above
Answer» I am not SURE, MAY be all the above is CORRECT

Discussion

88.	Absolute Poverty means :1). poverty in terms of absolute number of people2). poverty in terms of the basic minimum calorie requirements3). poverty in terms of the prevailing price level4). poverty in terms of the absolute level of unemployment
Answer» poverty in TERMS of the BASIC MINIMUM calorie requirements is the answer

Discussion

89.	Which of the following is correct regarding the Gross Domestic Saving in India1). Contribution of Household sector is the largest2). Contribution of Government sector is the largest3). Contribution of Corporate sector is the largest4). None of these
Answer» option 1 : - CONTRIBUTION of HOUSEHOLD SECTOR is the largest

Discussion

90.	India is said to be in the second stage of the demographic1). Both birth and death rates are high2). birth rate is high but death rate is declined sharply improvement in healthy services3). Death rates and birth rates are declining sharply4). None of the above
Answer» it from previous YEAR ssc PAPERS, birth rate is high but death rate is declined SHARPLY improvement in healthy SERVICES is the right ANSWER

Discussion

91.	India's wage policy is based on:1). cost of living2). standard of living3). productivity4). none of these
Answer» OPTION 1 is the RIGHT ONE

Discussion

92.	The Accounting Year of RBI is:1). April - March2). July - June3). October - September4). January - December
Answer» OPTION 2 : JULY - JUNE is CORRECT

Discussion

93.	How many languages are used on a ten rupee note 1). 22). 73). 104). 15
Answer» I THINK 15 is RIGHT

Discussion

94.	Who was the chairman of National Income Committee1). P. C. Mahalanobis2). V.K.R.V. Rao3). D.R. Gadgil4). A.M. Khusro
Answer» OPTION 1 is the RIGHT ANSWER

Discussion

95.	The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called :1). SBRC (Statutory Bank Ratio)2). SLR (Statutory Liquid Ratio)3). CBR (Central Bank Reserve)4). CLR (Central Liquid Reserve)
Answer» I THINK SLR (STATUTORY Liquid RATIO) is right

Discussion

96.	$M_{3}$includes :1). $M_{1}$ +T.D2). $M_{1}$ +post office saving deposit3). $M_{1}$ +post office total deposit4). $M_{1}$+national saving certificate
Answer» is $M_{1}$ +T.D is the CORRECT ANSWER?? am i RIGHT?

Discussion

97.	National income of India is compiled by :1). Finance Commission2). Indian Statistical Institute3). National Development Council4). Central Statistical Organisation
Answer» ANSWER for this QUESTION is OPTION 4

Discussion

98.	What is Green Gold1). Tea2). Coffee3). Gold4). Rice
Answer» I THINK TEA is RIGHT

Discussion

99.	CENVAT is associated with:1). rate of indirect tax2). rate of income tax3). rate of direct tax4). none of the above
Answer» OPTION 1 is the ANSWER

Discussion

Explore topic-wise InterviewSolutions in .

The basic regulatory authority for mutual funds and stockmarkets lies with the :1). Government of India2). Reserve Bank of India3). Securities and Exchange Board of India4). Stock Exchanges

Which of the following committees was assigned to recommend reforms in the insurance sector1). Rekhi Committee2). Nadkami Committee3). Malhotra Committee4). Chelliah Committee

The budget is presented to the Parliament on :1). the last day of February2). 15th March3). the last day of March4). 1st April

India earns maximum foreign exchange from the export of :1). garments2). jute3). gems and jewellery4). cotton

The main function of the Exim Bank is :1). to help RBI in the regulation of foreign exchange2). to prevent unlicensed transaction3). to promote exports and curtail imports4). to conserve foreign exchange

Match the following A. Dutt Committee 1.Village and Small Scale Industries B. Raj Committee 2. Direct Taxes C. Wanchoo Committee 3. Agricultural Taxes D. Karve Committee 4.Industrial Licensing Codes1). A1 B2 C3 D42). A4 B3C2 D13). A1 B4 C3 D24). A2 B3 C4 D1

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it1). Rs. 500/-2). Rs. 100/-3). Rs. 50/-4). RS. 5/-

Which State has the maximum number of people living below the poverty line 1). Bihar2). Madhya Pradesh3). Maharashtra4). Uttar Pradesh

Rupee was devalued by what percent in July 19911). 182). 203). 224). 25

The Issue Department of the RBI maintains a against printing of notes :1). Minimum Reserve System2). Proportional Reserve System3). Proportional Gold Reserve System4). Proportional Foreign Securities Reserve System

India opted for 'Mixed Economy' in:1). Framing of the Constitution2). Second Five Year Plan3). Industrial Policy of 19484). none of these

From the view cf International economy, Third World1). the developed countries2). the developing countries3). block led by U.S.A., U.K. etc.4). None of these

In India, the bank NABARD does not provide refinance to:1). Scheduled Commercial Banks2). Regional Rural Banks3). Export-Import Banks4). State Land Development Banks

When was the decimal system of currency introduced in India1). 19482). 19503). 19544). 1957

Which of the following organisations in India is mainly working to meet the credit needs of all types of agricultural and rural development activities 1). FCI2). IDBI3). NABARD4). ICAR

'Devaluation' means :1). converting rupee into gold2). lowering of the value of one currency in comparison of some foreign currency3). making rupee dearer in comparison to some foreign4). None of these

What is the animal on the insignia of the RBI 1). Lion2). Tiger3). Panther4). Elephant

Gadgil Formula refers to the allocation of :1). market borrowings between the States2). Central Plan assistance between the States3). tax proceeds between the States4). foreign aid between the Centre and States

By which bill does the government make arrangement for the collection of revenues for a year1). Supplementary Budget2). Finance Bill3). Fiscal Budget4). Economic Bill

The Indian budget includes:1). revised estimates for the current year2). budget estimates for the following year3). actual figures of the preceding year4). all of these

The earlier name of the WTO was :1). UNIDO2). UNCTAD3). OECD4). GATT

Which of the following prints currency notes of the denomination of Rs. 1001). The Bank Note Press, Dewas2). The Indian Security Press, Nasik Road3). The Security Printing Press, Hyderabad4). All the above

The oldest stock exchange of India is:1). Bombay Stock Exchange2). Ahmedabad Stock Exchange3). Ahmedabad Stock Exchange4). Hyderabad Stock Exchange

A Special Economic Zone (SEZ) is set up at:1). Positra2). Kandla3). Kochi4). None of these

Which of the following is not shared by the Centre and the States1). Sales Tax2). Corporation Tax3). Income Tax4). Union Excise Duties

India has the maximum volume of foreign trade with :1). USA2). Japan3). germany4). UAE

The largest contribution in India's National Income is from:1). primary sector2). secondary sector3). tertiary sector4). any of the above

Broad money in India is :1). $M_{1}$2). $M_{2}$3). $M_{3}$4). $M_{4}$

The system of value added taxation is applicable to :1). excise duties2). income tax3). estate duty4). taxes on agricultural income

Which of the following is not an affiliate of the Reserve Bank of India 1). Unit Trust of India2). The Industrial Development Bank of India3). Agricultural Refinance Corporation4). Deposit Insurance Corporation

Which of the following agencies has the power to declare any industrial unit as a potentially sick unit1). BIFR2). MRTPC3). FICCI4). IRBI

Taxation and the government's expenditure policy are dealt under the :1). trade policy2). budget3). fiscal policy4). monetary policy

After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:1). Wanchoo Committee2). Rajah Chelliah Committee3). Raj Committee4). Narsimhan Committee

In which Plan was the growth rate target exceeded1). First2). Fifth3). Sixth4). In none

Core industries include :1). basic industries2). industries catering to defence requirements3). critical industries4). all the above

Absolute Poverty means :1). poverty in terms of absolute number of people2). poverty in terms of the basic minimum calorie requirements3). poverty in terms of the prevailing price level4). poverty in terms of the absolute level of unemployment

Which of the following is correct regarding the Gross Domestic Saving in India1). Contribution of Household sector is the largest2). Contribution of Government sector is the largest3). Contribution of Corporate sector is the largest4). None of these

India is said to be in the second stage of the demographic1). Both birth and death rates are high2). birth rate is high but death rate is declined sharply improvement in healthy services3). Death rates and birth rates are declining sharply4). None of the above

India's wage policy is based on:1). cost of living2). standard of living3). productivity4). none of these

The Accounting Year of RBI is:1). April - March2). July - June3). October - September4). January - December

How many languages are used on a ten rupee note 1). 22). 73). 104). 15

Who was the chairman of National Income Committee1). P. C. Mahalanobis2). V.K.R.V. Rao3). D.R. Gadgil4). A.M. Khusro

The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called :1). SBRC (Statutory Bank Ratio)2). SLR (Statutory Liquid Ratio)3). CBR (Central Bank Reserve)4). CLR (Central Liquid Reserve)

$M_{3}$includes :1). $M_{1}$ +T.D2). $M_{1}$ +post office saving deposit3). $M_{1}$ +post office total deposit4). $M_{1}$+national saving certificate

National income of India is compiled by :1). Finance Commission2). Indian Statistical Institute3). National Development Council4). Central Statistical Organisation

What is Green Gold1). Tea2). Coffee3). Gold4). Rice

CENVAT is associated with:1). rate of indirect tax2). rate of income tax3). rate of direct tax4). none of the above