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Q1. Which country has the oldest banking system in the world?

England

Italy

Russia

United States of America

Q2. Accounting Year in our country is from ..........to...........

January - December

April - March

September - August

none of these

Q3. Which five year plan had the objective "Haribi Hatao"?

fourth

fifth

sixth

seventh

Q4. Which of the following is regulated by the "Forward Markets Commission" in India?

currency futures trading

commodities futures trading

equity futures trading

all of them

Q5. The overall investment in the Eleventh Plan is of ........... .

12,00,000 cr

` 24,00,000 cr

` 36,00,000 cr

48,00,000 cr

Q6. The Gross Budgetary Support (GBS) in the Eleventh Plan has been fixed nearly I 1.5 per cent higher at .......... .

` 2 lakh cr

` 4 lakh cr

` 8 lakh cr.

` 10 lakh cr

Q7. What numbers of targets have been proposed in the Eleventh Plan at the national and state levels respectively for poverty eradication, education, health status of women and children, infrastructure and environment?

15 and 10

20 and 15

27 and 13

30 and 18

Q8. Majority of rural people still prefer to go to ..................for their credit needs.

private money lenders

cooperative banks

Indian Nationalised Banks

Foreign Banks

Q9. Which of the following is associated with the issue of the debt burden of farmers?

NK Sinha Committee Report

Y Alagh Committee Report

Mohan Rakesh Committee Report

Radhakrishna Committee Report

Q10. The "Ad hoc Treasury Bill System" of meeting budget deficit in India was replaced by "Ways and means Advance System" which has come into force on ......

35520

35156

35521

None of these

Q11. Name the realty major which has become India's second most-valued private sector company after RIL?

Unitech

Supertech

Ansal

DLF

Q12. Who is the new Comptroller and Auditor-General (CAG) of India?

VN Kaul

Habibullah Wajahat

Vinod Rai

Prakash Kumar

Q13. The source of money for infrastructure development in our country comes from.....1.Loan from World Bank/Asian Development Bank 2.Tax Revenue collected from the people 3. Loan from the RBI

only 1 and 2

only 2 and 3

only 1 and 3

all of them

Q14. Which five year plant terminated one year before its scheduled period?

Second

Third

Fourth

Fifth

Q15. The Planning Commission was established in the year

1947

1948

1949

1950

Q16. The Planning Commission is always headed by....................

President of India

Prime Minister

Finance Minister

Vice President

Q17. Three annual plans were launched during the years of .......

1964-1966

1965-1968

1966-1969

1967-1970

Q18. Of the following which one is not a centrally sponsored tax?

sales tax

excise duty

customs duty

income tax

Q19. Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in ......

2000

1999

2001

2004

Q20. "Structural unemployment" arises due to

deflationary conditions

heavy industry bias

shortage of raw materials

inadequate productive capacity

Q21. Which of the following is the largest consumer of gold?

USA

India

France

Sri Lanka

Q22. The state to have the maximum number of branches of public sector commercial banks is ....

Maharashtra

Andhra Pradesh

Uttar Pradesh

Karnataka

Q23. In a capital economy, the prices are determined by.................

sellers in the market

buyers in the market

government authorities

demand and supply

Q24. "Joint Sector " means

two or more private organizations managing an industry or organization

private and foreign collaboration

public (Government) and private joint venture

only two or more foreign countries managing an industry or organization

Q25. "Mixed Economy" mean...............

Participation of labour in economic management

Public and Private sectors working together for the betterment of economy

national and international participation in the development of a country's economy

all of them

Q26. If total utility is maximum at a point then marginal utility is ..............

positive

negative

zero

none of these

Q27. Pick the wrong one in the group:

Bank of Maharashtra

Indian Overseas Bank

Punjab National Bank

Reserve Bank of India

Q28. When was the last VDIS - Voluntary Disclosure of Income Scheme launched in India ...........

1995

1996

1997

1998

Q29. "Isabgol" (Psyllium Seed Husks) is an important cash crop of which state of India?

Maharashtra

Gujarat

Uttar Pradesh

Punjab

Q30. Of the following, which one is not an important characteristic of Indian Economy?

illiteracy

unemployment

population growth

increasing exports

Q31. The demand curve will go up in the case of a commodity when _____________

when the price falls

when the income of the individuals increase

fall in the price of domestic products

essential commodities become more expensive

Q32. Credit cards are used for ______________

cash withdrawals

purchase of train tickets

purchase of consumer goods

all of them

Q33. "Devaluation" of currency means ________

Government's withdrawal of a particular currency

decrease in the internal value of a currency

decrease in the external value of a currency

none of these

Q34. Demand of a commodity mainly depends on _______________

advertisement methods

tax

will to purchase

power to purchase

Q35. "P Notes" means __________

Purchase Notes

Participatory Notes

Private Notes

none of them

Q36. The situation in which total revenue is equal to total cost is known as .............

perfect competition

break even point

equilibrium level of output

monopolistic competition

Q37. Currency of RBI are backed by certain assets. These assets must not be less than a prescribed amount of..

Government securities

Gold reserve

Gold and foreign securities

all of them

Q38. What does "Disguised Unemployment" mean?

persons with no jobs

more persons employed for a job which a few can accomplish

unemployment among women

unemployment of people above 60 years of age

Q39. The working of SEBI includes ......

To regulate the dealings of share market

To check the foul dealings in share market

To control the inside trading of shares

All of these

Q40. Which of the following is included in national income account?

services of house wives

services of night watchmen

services of saints/sadhus

income of smugglers

Q41. _____________ is not a cause of low productivity in Indian agriculture.

poor finance and marketing infrastructure

inadequate inputs availability

subdivision and fragmentation of land holdings

cooperative farming

Q42. During whose rule "Rupee" was minted in India?

During the reign of Ashoka

During the reign of Sher Shah

During Lord Bentick's period

after independence

Q43. Tooth paste is a product sold under...........

perfect competition

duopoly

monopoly

monopolistic competition

Q44. "Inflation" implies ________________

rise in budgetary deficit

rise in money supply

rise in prices of consumer goods

rise in general price index

Q45. In Capitalism, the price of a commodity is determined by the ______________

Consumers of the product

Market Mechanism

production units

partners of the production units

Q46. Note issuing department of RBI should always possess the minimum gold stock of worth_______________

85 crores

115 crores

200 crores

500 crores

Q47. "Relationship Selling" refers to _____________________

Selling to relatives

Cross selling

Selling to strangers

Telemarketing

Q48. Decimal system of currency was adopted in India in the year

1955

1957

1959

1961

Q49. The body that approves and reviews all five year plans is__________________

Planning Commission

National Development Council

Parliament

Finance Minister

Q50. "Take Off" state in an economy implies_____________

beginning of a steady growth

stagnant economy

an economy about to collapse

no regulations in force

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