Who issues currency notes in India?
(A) Finance Secretary
(B) Reserve Bank of India
(C) Finance Ministry
(D) State Bank of India
RBI issues currency and exchanges it. You must be knowing that these notes have the signature of RBI Governor. Although 1 rupee note is the smallest in the entire Indian currency, it does not have the signature of RBI Governor. Actually, RBI does not issue one rupee note.2
Choose the option related to Special Drawing Rights (SDR) from the following?
(A) Reserve Bank of India
(B) World Trade Organization
(C) International Monetary Fund
(D) World Bank
The unit of SDR is XDR. These rights were created in 1969. There are only five currencies in the world which are linked to SDR and those currencies are Chinese Yuan, Japanese Yen, US Dollar, Euro and Pound Sterling.
Which Five Year Plan was implemented by the Congress Government during its tenure for the period 1980-85?
(A) Sixth Five Year Plan
(B) Fifth Five Year Plan
(C) Third Five Year Plan
(D) Second Five Year Plan
The Sixth Five Year Plan marked the beginning of economic liberalisation. Price controls were abolished and ration shops were closed. This led to a rise in food prices and an increase in the cost of living.
What is the per capita net national income of India during FY 2017-18?
(A) Rs. 1,11,782 per year
(B) Rs. 73,285 per year
(C) Rs. 82,269 per year
(D) Rs. 99,215 per year
Explanation: Per capita net national income in India is estimated at Rs 1,11,782 (at current prices) during the financial year 2017-18, which shows an increase of 8.3% over the previous year. The per capita income during the financial year 2016-17 was Rs 1,03,219.
Which of the following items is the major reason for WPI-based high inflation in India?
(A) Primary goods
(B) Fuel and electricity
(C) Manufacturing products
(D) None of the above
Explanation: In India, three groups of commodities have major contribution in the calculation of inflation. In this, primary products contribute 20.1%, fuel and electricity (14.9%) and manufacturing products contribute 65%. Therefore, the biggest reason for high inflation in India is manufacturing products.
At present, what is the contribution of the agriculture sector to the income of the Indian economy?
(A) 53%
(B) 25%
(C) 17%
(D) 33%
Explanation: The share of agriculture sector in the income of Indian economy is about 17.1% in the financial year 2017-18. The service sector remains the foundation of the Indian economy and contributes about 59% to India's income.
According to the new definition of Micro, Small and Medium Enterprises, an enterprise in the manufacturing sector will be called a small enterprise, if its…..
(A) Annual turnover is less than Rs 5 crore
(B) Annual turnover is between Rs 75 crore and Rs 250 crore
(C) Annual turnover is between Rs 5 crore and Rs 75 crore
(D) Annual turnover is between Rs 10 crore and Rs 50 crore
Explanation: As per the new definition of micro, small and medium enterprises; The definition of micro, small and medium enterprises in the manufacturing sector is as follows;
Which is the largest item exported from India from April 2017 to November 2017?
(A) Gems and jewelery
(B) Petroleum crude products
(C) Clothing and allied products
(D) Engineering goods
Explanation: The largest export item exported from India during April 2017 to November 2017 is engineering goods which accounts for 26% of India's total exports. Chemical and related products rank second and contribute about 14.5% of total Indian exports.
Which of the following explains the relationship between production function?
(A) Inputs and final consumption
(B) Production and consumption
(C) Output and exports
(D) Initial information and final output
In economics, a production function describes the technical relationship between the quantity of physical inputs and the quantity of output of goods.
The nature of unemployment in agriculture in India is of which of the following types?
(A) Disguised only
(B) Seasonal only
(C) Both seasonal and disguised
(D) None of these
The correct answer is Disguised unemployment. Disguised unemployment is found in the agricultural sector of India.
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