The largest single item of current government expenditure in India is:
(A) Defense expenditure
(B) Interest payment of loan
(C) Payment of subsidy
(D) Investment in social overheads
In India, interest payments on debt are the largest single item in terms of current government expenditure.
Which spice ranks top in value as India's export item?
(A) Black pepper
(B) Chilli
(C) Turmeric
(D) Cardamom
Dry red chilli spice as an export item of India. Highest status in value.
One rupee notes are issued:
(A) Reserve Bank of India
(B) State Bank of India
(C) President of India
(D) Government of India
The Indian 1 rupee note (₹1) is made up of 100 paise because ₹1 = 100 paise. Currently, it is the smallest Indian bank note in circulation and the only bank note issued by the Government of India, as all other bank notes in circulation are issued by the Reserve Bank of India.
The number of nationalized banks in India is:
(A) 14
(B) 21
(C) 20
(D) 22
At present there are a total of 12 nationalized banks in India.
Which measure has not been taken by the government to stop inflation?
(A) Increase in consumption
(B) Increase in production
(C) Reduction in deficit financing.
(D) Taxation measures
Financial inclusion is the delivery of financial services at affordable costs to vast sections of the deprived and low income groups. This is not a solution to control inflation. In economics, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
The period of Twelfth Five Year Plan is:
(A) From January 1, 2012 to December 31, 2017
(B) From April 1, 2011 to March 31, 2016
(C) From January 1, 2011 to December 31, 2016
(D) From April 1, 2012 to March 31, 2017
In the Twelfth Plan, a target of 8 percent growth has been set for a period of five years i.e. from 2012-13 to 2016-17. With a growth rate of only 5 per cent in the first year and possibly 6.5 per cent in the second year, the growth rate will have to accelerate significantly in subsequent years to achieve an average of 8 per cent over the entire plan period.
Which five year plan had a duration of only four years?
(A) 3rd
(B) 4th
(C) 5th
(D) 7th
The fifth five year plan was for only four years.
In India, the interest rate on savings accounts in all nationalized commercial banks is determined by:
(A) Finance Minister of India
(B) Central Finance Commission
(C) Indian Bank Association
(D) Reserve Bank of India
The interest charged on savings account deposits generally ranges from 2.70% to 7.75% per annum.
Agriculture should serve as a means of income, livelihood and opportunities for the local community – This statement was given by:
(A) Dr. Madhavan Nair
(B) Dr. Manmohan Singh
(C) Dr. Abdul Kalam
(D) Dr. M.S. Swaminathan
For the first time in India, in 1960-61, a program called Intensive Agriculture District Program was run in 7 selected districts of the country. Pali of Rajasthan was also involved in this. The objective of this program was to provide loans, seeds, fertilizers, tools etc. to the farmers and to create a framework for intensive farming in other areas through central efforts.
SEBI was established by:
(A) 1992
(B) 1980
(C) 1984
(D) 1988
It was established as an executive body on 12 April 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.
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