Question No : 1

Deflation refers to ___

(1) General decline in prices of various commodities and services

(2) Price decline in specific sectors

(3) Price decline in specific commodities

(4) Sharp & sudden decline in foreign exchange reserves

(5) None of these

Question No : 2

In the computation of Wholesale Price Index inflation, food articles, both primary and processed, have weight of _______

(1) One – third

(2) One- fourth

(3) Half

(4) Three-fourth

(5) None of these

Question No : 3

Which one of the following agencies in India is responsible for Computation of national income?

(1) NCAER

(2) CSO

(3) NSS

(4) RBI

(5) SBI

Question No : 4

Which of the following is /are the Non-Tax Revenue components of the Union budget of India?

(A) Custom Duties

(B) Interest Receipts

(C) Dividends and Profits

(1) Only (A) and (B)

(2) Only (B)

(3) Only (B) and (C)

(4) Only (C)

(5) All (A), (B) and (C)

Question No : 5

The Agriculture Insurance Company was launched with the help of ______

(1) RBI

(2) SIDBI

(3) NABARD

(4) ECGC

(5) IDBI

Question No : 6

Which among the following is not a liability of Commercial Bank?

(1) Share capital

(2) Balances with the Central Bank and other Banks

(3) Reserve fund

(4) Profits earned

(5) None of these

Question No : 7

What step(s) had the Govt. of India taken to successfully avert the negative fallout of the global slowdown on the Indian economy?

(A) It has provided focused fiscal stimulus in the form of relief packages to various sectors.

(B) It has increased expenditure on public projects.

(C) It has created new employment opportunities and public assets.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (C)

(5) None of these

Question No : 8

Which one of the following organizations/agencies is /are actively involved in drafting the Union Budget of India?

(1) The Planning Commission only

(2) The Comptroller and Auditor General only

(3) Ministry of Rural Development

(4) Ministry of Finance

(5) None of these

Question No : 9

Which of the following is an economic empowerment scheme /policy incentive launched by the Govt. of India for the benefit of various sections of society?

(1) Look East Policy

(2) Swayamsidha

(3) KALPANA-1

(4) Jago Grahak jago

(5) All of these

Question No : 10

Which of the following is an employment creating programme of the Govt. of India?

(1) MGNREGA

(2) Bharat Nirman

(3) Kutir jyoti

(4) ASHA

(5) Swajaldhara

Question No : 11

Which of the following is NOT a programme /agency of the Union Ministry of Finance?

(1) Investor Education and Protection Fund (IEPF)

(2) National Foundation for Corporate Governance (NFCG)

(3) Serious Frauds Investigation Office (SFIO)

(4) Investment Commission

(5) Central Rural Sanitation programme

Question No : 12

The cheap imports from which of the following countries is giving a tough competition to Small and Medium Enterprises in India, especially when the global economic slow down and weak domestic demand have already affected companies across sectors?

(1) China

(2) South Korea

(3) Japan

(4) Russia

(5) None of these

Question No : 13

Which of the following statements about the Reforms introduced in Pension sector in recent past is/are correct?

(A) Govt. has allowed only 20% Foreign Direct Investment (FDI) in the pension sector.

(B) A new regulatory and development authority to monitor pension sector is set up.

(C) Only there banks HSBC, Vysya Bank and Yes Bank are appointed as fund managers of the pension funds.

(1) Only (A)

(2) All (A), (B) and (C)

(3) Only (B)

(4) Only (B) and (C)

(5) Only (A) and (B)

Question No : 14

Which the following is the full form of ‘KCC’ as used in the agriculture sector?

(1) Kisan Credit Card

(2) Kisan Credit Company

(3) Knowledge Credit Corporation

(4) Konkan Credit Corporation

(5) None of these

Question No : 15

The investments done by “Those Financial entities which were launched or incorporated in a foreign country but are investing in an Indian venture in India” are generally known as___

(1) Patent Money

(2) Foreign Institutional Investment

(3) Current Account Money

(4) Private Equity

(5) None of these

Question No : 16

Which of the following is not a component of India’s Securities Market?

(1) Commodity Futures

(2) Small Savings in National Saving Certificates

(3) Government Bonds

(4) Derivatives of currency

(5) Corporate Equity

Question No : 17

Specially Developed Economic regions in India, where some of the economic laws and  restrictions of the land are relaxed with the purpose of giving incentives to investors, are commonly known as _____

(1) Preferential zones

(2) Economic Corridors

(3) Industrial parks

(4) Special Economic Zones

(5) None of these

Question No : 18

Which of the following is/was NOT included in the agenda set for the Banking Reforms in India?

(1) Dismantling of administered interest rates

(2) Measures to strengthen risk management

(3) Promulgation of SARFAESI Act.   

(4) Promotion of the concept of easy credit to all with a guaranteed subsidy from the Government.

(5) Granting of operational autonomy to public sector banks and allowing them the open Market.

Question No : 19

Which of the following countries is NOT the member of OPEC?

(1) China

(2) U.A.E

(3) Iran

(4) Saudi-Arabia

(5) Kuwait

Question No : 20

India does not share its international boundary with

(1) Myanmar

(2) Bangladesh

(3) Pakistan

(4) Vietnam

(5) China