Indian Economy Gk test with answers - Set 06

G.K. Practice Test: Question Set - 06

1. Reserve Bank of India was nationalized in the year
    (A) 1935
    (B) 1945
    (C) 1949
    (D) 1969

2. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
    (A) 1000 rupee
    (B) 500 rupee
    (C) 100 rupee
    (D) All of the above

3. Since the inception of the co-operative movement, rural credits has been
    (A) Institutionalized
    (B) Rationalized
    (C) Cheapened
    (D) All of the above

4. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    (A) Will decrease
    (B) Will increase
    (C) Will neither increase nor decrease
    (D) None of the above

5. The condition of indirect taxes in the country's revenue is approximately
    (A) 70 percent
    (B) 75 percent
    (C) 80 percent
    (D) 86 percent

6. Devaluation of currency will be more beneficial if
    (A) Prices of domestic goods remain constant
    (B) Prices of exports remain constant
    (C) Prices of imports remains constant
    (D) Prices of exports rise proportionately

7. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
    I. A large number of farmers are illiterate and know little about scientific agriculture
    II. Prices of primary products are lower than those of manufactured products
    III. Investment in agriculture has been low when compared to investment in industry
    (A) I, II, III
    (B) I, II
    (C) I, III
    (D) II, III

8. In India, the first bank of limited liability manages by Indians and founded in 1881 was
    (A) Hindustan Commercial Bank
    (B) Oudh Commercial Bank
    (C) Punjab National Bank
    (D) Punjab and Sind Bank

9. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    (A) 15 to 20 percent
    (B) 20 to 25 percent
    (C) 25 to 30 percent
    (D) 30 to 35 percent

10. In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
    (A) Rs 1000
    (B) Rs 500
    (C) Rs 400
    (D) Rs 300

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Economics and Indian Economy:
  Set 01      Set 02      Set 03      Set 04      Set 05      Set 06      Set 07      Set 08      Set 09
  Set 10      Set 11
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