Indian Economy GK Question Test - Set 04 - ObjectiveBooks

Indian Economy GK Question Test - Set 04

G.K. Practice Test: Question Set - 04

1. Eighth Five-Year plan was launched on
    (A) May 15, 1991
    (B) June 20, 1990
    (C) April 1, 1992
    (D) None of these

2. The one-rupee notes bear the signature of the
    (A) Governor, Reserve Bank of India
    (B) Secretary, Ministry of Finance
    (C) Deputy Governor, Reserve Bank of India
    (D) Joint Secretary, Ministry of Finance

3. The first to implement the concept of planned economy was
    (A) Jawaharlal Nehru
    (B) Joseph Stalin
    (C) Marshal Tito
    (D) Mao Ze Dong

4. Which of the following sectors of the economy is state-owned and its service sector is a public enterprise?
    (A) Mining
    (B) Education
    (C) Transportation
    (D) None of these

5. National Insurance Company Ltd. is a subsidiary of
    (A) Kotak Mahindra
    (B) LIC of India
    (C) Telco
    (D) General Insurance Corporation of India

6. Liquid asset is
    (A) A type of asset that is in cash in the current account of the commercial bank
    (B) A type of asset that is in the form of a deposit in the current account of the commercial bank
    (C) Either of these
    (D) None of the above

7. Profit made when an asset is sold more than the price at which it was bought is called
    (A) Capital
    (B) Capital-gain
    (C) Capitalism
    (D) None of the above

8. The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is
    (A) Trade gap
    (B) Turnover
    (C) Reserves
    (D) Referendum

9. Gilt-edged market means
    (A) Bullion market
    (B) Market of government securities
    (C) Market of guns
    (D) Market of pure metals

10. Development expenditure of the Central government does not include
    (A) Defence expenditure
    (B) Expenditure on economic services
    (C) Expenditure on social and community services
    (D) Grant to states

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Economics and Indian Economy:
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