Indian Economy Practice Question and Answer
8 Q: As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
732 0601bc4847c5c886562ae88c5
601bc4847c5c886562ae88c5- 17 to 8%false
- 28.0% to 8.5%true
- 39% to 9.5%false
- 410 to 10.5%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "8.0% to 8.5%"
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.
Q: Which one of the following is not a clause of the World Trade Organisation?
772 160125f788f4dda4a277cf829
60125f788f4dda4a277cf829- 1Lowering trade barriers with negotiationsfalse
- 2Most favoured nation treatmentfalse
- 3Providing financial support to the countries having deficit balance of paymentstrue
- 4Discouraging unfair trade practices such as anti-dumping and export subsidiesfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :
Providing financial support to the countries having deficit balance of payments.
Q: The Views of eminent economist Robert Malthus on Population is–
542 06336e6382ff7535af686daa3
6336e6382ff7535af686daa3- 1Pessimistictrue
- 2Optimisticfalse
- 3Both (a) and (b)false
- 4None of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Pessimistic "
Explanation :
The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.
Q: The first bank to open its branch outside India in London in 1946
1023 061b7509c7a5b3510e9c5e7aa
61b7509c7a5b3510e9c5e7aa- 1Bank of Indiatrue
- 2Canara Bankfalse
- 3Imperial Bank of Indiafalse
- 4Central Bank of Indiafalse
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Bank of India"
Explanation :
The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.
Q: Who was the founder of Bank of Baroda?
926 061b74f287fd9195ddf2d13b8
61b74f287fd9195ddf2d13b8- 1Maharaja Sayajirao IIfalse
- 2Maharaja Bajirao-IIItrue
- 3P. karamchandrafalse
- 4Maharaj Chhatrasalfalse
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Maharaja Bajirao-III"
Explanation :
The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, founded Bank of Baroda on 20 July 1908 in the Princely State of Baroda, in Gujarat. This year, it's our 116th Foundation Day, and we've so many reasons to celebrate and cherish our journey so far.
Q: Which of the following banks got the top spot among the PSU banks in the digital transactions as per the report published by the Department of Financial Services?
854 061824f0ce9ec4a6710563d63
61824f0ce9ec4a6710563d63- 1State Bank of Indiafalse
- 2Bank of Indiafalse
- 3Punjab National Banktrue
- 4Bank of Barodafalse
- 5IDBI Bankfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Punjab National Bank"
Explanation :
State Bank of India (SBI) and its associate banks and other commercial banks such as Central Bank of India, Bank of India, Punjab National Bank and various regional rural banks are some examples of public sector commercial banks.
Q: Who among the following is associated as a head with the Highlevel Task Force on Public Credit Registry (PCR) formed by the Reserve Bank of India?
811 0618234e0d1d2fd61946efb22
618234e0d1d2fd61946efb22- 1S Venkitaramanfalse
- 2G. Ambegaokarfalse
- 3Yeshwant M. Deosthaleetrue
- 4R S Gujralfalse
- 5S R Raofalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Yeshwant M. Deosthalee"
Explanation :
High Level Task Force Report Summary Public Credit Registry for India. The Reserve Bank of India (RBI) had constituted a High Level Task Force (Chair: Mr. Y. M. Deosthalee) to assess the need and scope of setting up a Public Credit Registry in India.
Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
887 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "2002"
Explanation :
Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.