Q1.Who among the following was the chairman of the expert committee which suggested “Consumption Expenditure” for identifying the BPL?
[A] Abhijit Sen
[B] C Rangrajan
[C] Kirit Parikh
[D] Suresh Tendulkar
Correct Answer: D [Suresh Tendulkar]
Q2.The Direct Taxes Code is related to which among the following?
[A] Income Tax
[B] Sales tax
[C] Excise Duty
[D] Service tax
Correct Answer: A [Income Tax]
Q3.The erstwhile National Development Council was consisted of:
(a) Members of the Planning Commission
(b) Governors of the states
(c) Chief Ministers of the states
Choose the correct option from the code given below
[A] 1 only
[B] 2 only
[C] 1 and 3 only
[D] All the above
Correct Answer: C [1 and 3 only]
Q4.Which sector contributed more to National Income?
[D] None of the above
CCorrect Answer: A [Unorganised]
Q5.What is the total carbon stock of the country?
[A] 8974 tonnes
[B] 7124 tonnes
[C] 6342 tonnes
[D] 3456 tonnes
Correct Answer: B [7124 tonnes]
Q6.Consider the following:
- International Monetary Fund
- Word Bank
- World Trade Organization
- US Treasury Department
- US Federal Bank
Which among the above institutions were a part of Washington Consensus?
[A] 1 & 2
[B] 1, 2 & 3
[C] 1,2 & 4
Correct Answer: C [1,2 & 4]
Q7.Which of the following Statements is not correct regarding the ‘Banking Sector’ of India?
[A] At present there are 26 Nationalized Banks in India.
[B] Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.
[C] Banks have the freedom to regulate their own Savings Bank Deposit interest rates.
[D] Narsimham Committee is related to Banking Sector reforms.
Correct Answer: B [Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.]
Q8.Who among the following produced the Bt Cotton seeds?
[A] Mahyco-Monsanto Biotech
[B] Piramal Biotech
[C] Krebs Biotech
[D] Evolva Biotech
Correct Answer: A [Mahyco-Monsanto Biotech]
Q9.Which Five-year plan oversaw the beginning of economic liberalization?
Correct Answer: B [6th]
Q10.Which state has the highest dependence of Fuelwood on forests?
[A] Madhya Pradesh
Correct Answer: B [Maharashtra]
Q11.Up to what fraction of direct foreign investment facility was allowed in the New Industrial Policy 1991?
Correct Answer: C [51%]
Q12.Consider the following banks in India:
ING Vysya Bank
City Union Bank
Which of the above is / are classified as Old Private Sector banks?
[A] Only 1
[B] Only 1 & 2
[C] Only 2 & 3
[D] 1, 2 & 3
Correct Answer: C [ Only 2 & 3 ]
Q13.Which among the following is not a rabi crop?
Correct Answer: C [Mustard]
Q14.Which five year plan highlighted the modernization of Industries?
Correct Answer: B [8th]
Q15.What is the maximum land for the right to ownership of land farmed by tribals or forest dwellers?
[A] 5 Hectares
[B] 6 Hectares
[C] 8 Hectares
[D] 4 Hectares
Correct Answer: D [4 Hectares]
Indian Economy GK
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