During which Plan did prices show a decline?First
Which bank is the Banker of the Banks?RBI
When was the Reserve Bank of India taken over by the Government?1948
Which is the tax that takes away a higher proportion of one’s income as the income rises?Progressive tax
What is the mean of Invisible Export?Export Services
During which Plan did prices show a decline?First
When was the Rolling plan designed?1978-83
Why does the Issue Department of the RBI maintain a against printing of note?Minimum Reserve System
Who is the chairman of 13th Finance Commission?Vijay Kelkar
What is an essential attribute of inflation?Increase in prices
What is the best means of saving during inflation?Money
Which is the oldest ‘stock exchange of India?Bombay Stock Exchange
The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank?Reserve Bank of India
Which situation makes a firm most efficient?Lowest average costs
From the view of International economy, What does third World imply?The developing countries
Which decade is celebrated as United Nations Decade for Women?1976-1985
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?Increase
What is the main source of revenue to meet different expenditures?Internal borrowings
In which policy India opted for ‘Mixed Economy’?Industrial Policy of 1948
What is the task of the Planning Commission?Preparation of the plan
Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?Rs. 100
Which is the regulatory authority for giving clearance for External Commercial borrowing?RBI
From when was the Zero Base Budgeting in India first experimented?April, 1987
National Agricultural Cooperative Marketing Federation is known what?NACMF
With which Economic growth is usually coupled?Inflation
In which year was Minimum inflation in post economic reform?1999-2000
What does Inflation imply?Rise in general price index
Which is the oldest ‘stock exchange of India?Bombay Stock Exchange
Stock Exchanges play a role in an economy how may itbe termed?Useful but need strict regulation
CENVAT is associated with which rate?Rate of indirect tax
Taxation and the government’s expenditure policy are dealt under under which policy?Fiscal policy
For internal financing of Five Year Plans, the government depends on which source?Taxation only
What is the Planning Commission?An Advisory body’
Who is considered the guardian of the Public Purse?Comptroller andAuditor General
On which date was the State of Bombay was bifurcated into Maharashtra and Gujarat?May 1, in the year 1960
Which rural bank has been named after a river?Varada Grameen Bank
‘Asian Drama’, by Gunnar Karl Myrdal, is a book on which subjects?Economics
What is the sum total of incomes received for the services of labour, land or capital in a country?National income
Unemployment occurs when workers move from one job to another job?F r i c t i o n a l unemployment
Which type of unemployment mostly found in India?Disguised
Which is called a ‘banker’s cheque’?Demand draft
The last three digits of a PIN code represent?Sorting district
Why is the Gross National Income always more than Net National Income?Direct taxes
By which ministry is Economic survey published?Ministry of Finance
By which name was Chanakya known in his childhood?Vishnugupta
Howmany of Banks were nationalised since 1969?20
Which is not a direct tax?Tax on entertainment
Which can be used for checking inflation temporarily?Decrease in money supply
Who are not protected against inflation?Agricultural farmers
Which is the ‘basis for determining the national income?Production of goods and services
What is the meant of ‘Take off stage’ in an economy?Steady growth begins
Which is at the apex of Industrial Finance in India?Industrial Development Bank of India
The Varansi Kanyakumari National Highway is called which national highway?NH 7
What is the most appropriate measure of a country’s economic growth?Per capita real income
Which planet takes the same number of days for rotation and revolution?Venus
CENVAT is associated with which rate?Rate of indirect tax
Of the various ways of financing government’s investment expenditure, what is the least inflationary?Taxation
For which landform is Colorado in U.S.A. famous?Grand Canyon
By which band is Monetary policy regulated?Central Bank
If the price of an inferior good falls, what about its demand?Remains constant
In India, which banking in the Public Sector is most dominant?Commercial banking
Which is the largest Public Sector Bank in India?State Bank of India
Who is responsible for the collection and publication of monetary and financial information?Reserve Bank of India
Taxation and the government’s expenditure policy are dealt under under which policy?Fiscal policy
What is the main source of revenue to meet different expenditures?Internal borrowings
Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?Rs. 100
When was decimal coinage introduced in India?1957
Among Indian Economists who had done pioneering work on National Income?V. K. R. V. Rao
Of which purpose was Nationalisation of banks done?Consolidating the economy
Word Bull and Big are associated with which branch of commercial activity?Share Market
Chanda Kochhar leads to which of the organisation?ICICI Bank
In which year was Tax collection of Central govt. lowest as compare to G.D.P.?1999-2000
In India, in which year was the service tax first introduced?1994
What is the document published by the government to apprise the public on any issue?White Paper
Of which allocation does Gadgil Formula refer to?Tax proceeds between the States
For international payments, to which currency is the Indian currency linked?American Dollar
Which tax is not levied by the Union Government?Profession Tax
What is the principal source of revenue to the State Government in India?Sales Tax
By whom was the first attempt to initiate economic planning in India made?By M. Visvesvaraya
What was the decentralisation system recommended?Balwant Rai Mehta
Bouncing of cheques has become an offence. What is the punishment for the same?6 months imprisonment
In which year, some more commercial banks in addition to the first lot of 141 were nationalised in India?1980
For internal financing of Five Year Plans, the government depends on which source?Taxation only
What is the mean of ‘Take off stage’ in an economy?Steady growth begins
Which is at the apex of Industrial Finance in India?Industrial Development Bank of India
Xerophytes grows in–Dry places
Wheat is a tropical monsoon crop–Tropical monsoon crop
In India, the bank NABARD does not provide refinance to which bank?Export-Import Banks
Which forms the largest share of deficit in Govt. of India budget?Fiscal deficit
Which scheme was intended to tap the black in money?India Development Bonds
Who wrote the book ‘Planned Economy for India’?M. Visvesvaraya
A crossed cheque is one, which can be encashed only at which bank?State Bank of India.
What do Quantitative credit controls not include?RBI directives
Which is the largest (in terms of turnover) Public Sector organisation in India?Indian Oil Corporation
In India, in which banking is the Public Sector is most dominant?Commercial banking
Which is the oldest Development Financial Institution of India?IFCI
When was EXIM Bank set-up?1982
Which provides the largest part of the demand for loanable funds in India?Corporate businesses
Who are Debenture holders of a company?Its creditors
Through which methods is the national income of India estimated mainly?Production and income methods
Which is the ‘Slack Season’ in the Indian Economy?Jan.-June
Stock Exchanges play a role in an economy how may itbe termed?Useful but need strict regulation
Which is the official language of Bank of Central African States?French
In which year were Private Sector Mutual Funds in India permitted?1993
Which industry earns the second highest net foreign exchange from the trade?Engineering goods industry
As per latest data in urban areas women employment is highest in which industry areas?Retail Trade
From which sector does the highest sector wise contribution to gross domestic saving comes?Household sector
Which formulates fiscal policy?Finance Ministry
In which plan was the growth rate of agricultural production negative?Third Plan
In which of the Five Year Plans, preference was given to the weaker sections of the society?Fifth
How many member states are in ‘Common Market’ for Eastern and Southern Africa?20
By which bill does the government make arrangement for the collection of revenues for a year?Finance Bill
To which Bill the President must accord his sanction without sending it back for fresh consideration?Finance Bills
Which is the ‘basis for determining the national income?Production of goods and services
What is One of the main factors that led to rapid expansion of Indian exports?Liberalisation of the economy
How is the difference between visible exports and visible imports defined?Balance of trade
Which case does stagflation imply?Recession plus inflation
Which formulates fiscal policy?Finance Ministry
A crossed cheque is one, which can be encashed only at which bank?State Bank of India
What do Quantitative credit controls not include?RBI directives
Among the remedies of inflation, what can we include?Lowering bank rate
If saving exceeds investment, how will the national income?Remain constant
By which committee were Mandai Panchayats recommended?Ashok Mehta Committee
Which bank prints currency notes of the denomination of Rs. 100?The Bank Note Press, Dewas
The year 1995 is the golden Jubilee year of which international organisations?UNO
What is the highest denomination of currency notes in circulation as legal tender in India at present?Rs. 1000
Among Indian Economists who had done pioneering work on National Income?V. K. R. V. Rao
Who was the chairman of National Income Committee?P. C. Mahalanobis
When was the Reserve Bank of India taken over by the Government?1948
Of which purpose was Nationalisation of banks done?Consolidating the economy
In India, in which was the service tax first introduced?1994
Under which do all taxes come?Revenue receipts
In which does the subject of Co-operative Societies fall?Concurrent List
How many members are there in the International Finance Corporation?184
Where is the headquarters of World Health Organization?Geneva, Switzerland
By whom was concept of Five Year Plans in India introduced?Jawaharlal Nehru
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?Increase
By whom was the most important theory of general biology proposed?Darwin and Wallace
Which Public Sector bank’ emblem figures a dog and the words ‘faithful, friendly’ in it?Syndicate Bank
What does Net factor income from abroad added to GDP give?GNP
Trade Union comes under which List?Concurrent list
What is the mean of Cheap Money?Low Rate of Interest
According to the law of demand, what happens when price increases?Demand decreases
Among the SAARC country, which is the most densely populated country?Bangladesh
For howmany years is rolling plan?One year
Through which methods is the national income of India estimated mainly?Production and income methods
Rotation of the earth causes deflection of wind by which force?Coriolis force
Which are referred to as the developed economies?Countries having large per capita income
Who long do the World Bank and IMF give respectively?Long term and short term credits
Which country is the largest debtor of UNO?U.S.
In India, which first bank of limited liability managed by Indians and founded in 1881?Oudh Commercial Bank
Which rural bank has been named after a river?Varada Grameen Bank
How many country are represented in International Monetary Fund (IMF)?163
Pneumoconiosis affects the workers who work mainly in which industry?Coal mining industry
Who proposed the Preamble before the Drafting Committee of the Constitution?Jawaharlal Nehru
Which type of unemployment mostly found in India?Disguised
According to which system are the members of the Rajya Sabha elected?Single Transferable Vote System
From which sector does the highest sector wise contribution to gross domestic saving comes?Household sector
Why has the per capita income been low in India?Because of population growth
Where is the headquarters of UNESCO?Paris
What is the ideal average NPK ratio aggregated for the country as a whole?0.168067
Amnesty International is an organisation associated with which field?Protection of human rights
Participatory Notes (PNs) are associated with which investors?Foreign Institutional Investors
In which plan was the objective of self-reliance and zero net foreign aid declared?Fourth 5-Yr Plan
Which book was written by Gandhiji?My Experiments with Truth
Upon which development the Second Five Year Plan laid mote stress?Industrialisation
On which bast is the India’s wage policy?Cost of living
Late Girilal Jain was a noted figure in which field?Journalism
Where is the headquarters of East African Development Bank?Uganda
Which industry produces the most non-biodegradable wastes?Thermal power plants
Who is regarded as the ‘Mother of the Indian Revolution’?Madam Bhikaiji Cama
In recent years, how have the capital outlays for the defence service?Increasing steadily
When was ‘Common Market for Eastern and Southern African (COMESA) formed?1994
What is the interrelated food chains in an ecological community?Food Web
Where is the headquarters of Pan American Health Organisation?Mexico
Which is the most important item of non-plan expenditure?Interest payment
A person returning from abroad can retain foreign currency up to what period?90 days
What is the Jharkhand’s contribution in the total coal production in India?0.4
Who is called the ‘Father of Economics’?Adam Smith
In which year Atomic Energy Commission (AEC) was setup in India?1948
How is the standard of living in a country represented?Per capita income
Indian Institute of Naturopathy and Yogic Science is located at which city?Lucknow
Which is the best measure of economic growth of a country?GNP
What is the aim of Operation Blackboard?Promoting adult literacy
The Govt. of India does not provide any direct financial assistance to which scheme?Jeevan Sathi Yojana
Who was known as the ‘Liberator of the Press’?Metcalfe
With which India’s progress has been reasonably satisfactory in connection?Growth of GNP
Which was a journal brought out by Abul Kalam Azad?Al -Hilal
The famous book’ The Daughter of the East’ is written by which woman?Ms. Benazir Bhutto
‘In Custody’, an English novel, is written by which woman?Anita Desai
How is development?Wider than economic growth
Who started the newspaper called the “Voice of India”?Dababhai Naoroji
At the beginning of the twentieth century, who published ‘The Economic: History of India’?Romesh Chandra Dutt
Which sector of the economy is state owned and its service sector is a public enterprise?Irrigation
In which sector is 70% of working population of India engaged?Primary sector
The small and marginal farmers will get irrigation facilities through which plan?Ganga Kalyan Yojna
In recent years, how have the capital outlays for the defence service?Increasing steadily
The levying of which following taxe is outside the jurisdiction of Municipal Corporation?Income Tax
Which is the most important item of non-plan expenditure?Interest payment
What is the main objective of Antyodaya programme?Uplift the poor
In which year Swarn Jayanti Gram Swa-Rozgar Yojna came into being?Apr-99
Who is the author of the book ‘A bend in the River’?V.S. Naipaul
By which is National income of India compiled?Central Statistical Organisation
Who wrote the book “A nation in the making”?Surendranath Banerjee
If saving exceeds investment, how will the national income?Remain constant
By whom was the clarion call ‘Dilli Chalo’ was given?Subhash Chandra Bose
In how many adhikaranas is the Kautilya’s ‘Arthashastra’divided?15
Economic Planning is a subject of which list?Union List
By which ministry is Economic survey published?Ministry of Finance
Which is the 193rd member of UNO?South Sudan
On which do Companies pay Corporation Tax?Incomes
By which is National income of India compiled?Central Statistical Organisation
United nations adopted a charter of Economic Rights in which year?1974
On which day is the budget, in normal circumstances, presented to the Parliament?The last day of February
When was the Rolling plan designed?1978-83
Which organization was established as the Bretton Woods Conference in 1944?IMF
As per latest data in urban areas women employment is highest in which industry areas?Retail Trade
On which do Companies pay Corporation Tax?Incomes
Manav Seva Award has been instituted in the memory of which person?Rajiv Gandhi
Who sings on ten rupee notes?Governor (Reserve Bank of India)
When was the decimal system of currency introduced in India?1957
What is the investment in public works?Capital expenditure
Which product is the export leading from India in the terms of value?Gems and Jwellery
Which industry does not earn foreign exchange for India?Fertilizers
Where is the Securities and Exchange Board of India located?Mumbai
Why is Poverty in less developed countries largely?Due to income inequality
Who is most benefitted from inflation?Debtors
Survey of India is under which ministry?Environment and Forest Ministry
From which sector is the largest contribution in India’s National Income?Tertiary sector
Who gave the slogan ‘Inquilab Zindabad’?Iqbal
What are “Open Market Operations”?Selling of giltedged securities by the Government
Which is the ‘Slack Season’ in the Indian Economy?Jan.-June
What is the number of plant species estimated to be present in India?40000
On which bast is the India’s wage policy?Cost of living
Which can be used for checking inflation temporarily?Decrease in money supply
What does real national income denote?National income at constant prices
Under VAT, how many slabs are there?4
What is the cause of inflation?Increase in money supply and fall in production
Who is the author of the book ‘Nineteen Eighty Four’?George Orwell
Who is most benefitted from inflation?Debtors
Who is the author of the best seller book ‘No Full stops in India’?Mark Tully
In the realm of coal production in the world, what is the rank of india?Fourth
Which has the largest number of sugar mills?Maharashtra
Which is treated as artificial currency?SDR
In terms of economics, which recession occurring two times with a small gap in between?Double Dip Recession
Uranium Corporation of India Limited is situated in which state?Bihar
Which is the place where bankers meet and settle their mutual claims and accounts?Clearing House
The Imperial Bank of India, after nationalisation was given the name of which bank?State Bank of India
Kautilya’s ‘Arthashastra’ deals with the aspects of which policies?Political policies
In which year was Minimum inflation in post economic reform?1999-2000
What does Inflation imply?Rise in general price index
Which organizations agency is involved in drafting the Union Budget of India?A d m i n i s t r a t i v e Ministries only
Where are the headquarters of the Organization of the Islamic Conference (OIC) located?Jeddah
What does National income ignore?Salary of employees
Who is the founder of world Economic Forum?Klaus Schwab
Which bank prints currency notes of the denomination of Rs. 100?The Bank Note Press, Dewas
How many languages are used on a ten rupee note?15
Before 31st August, 1965 how many members were in the Economic and Social Council?18
Which industry uses mica?Electrical industry
In which year was the Indian Space Research Organization (ISRO) founded?1969
What is the effect of inflation on tax revenue results in a situation?Fiscal drag
What is the inflation experienced in the country at present?Cost-push inflation
Which is the most important small-scale industry in India?Handloom
Which part of separated UTI is under SEBI’s regulation?UTI-II
By which bank are the central banking functions in India performed?Reserve Bank of India
In which year, African Export and Import Bank came into existence?1993
From where does the National Stock Exchange functions?Mumbai
How many number of atomic power plants existing in India today?7
What was Karaj in the thirteenth century?Tax on cultivation
What is termed as the period of high inflation and low economic growth?Stagflation
Which European country is the guarantor of Bank of Central African States?France
Which state ranks first in terms of the maximum number of agro-based industries?Punjab
Which European country provide its currency for Bank of Central African States?France
Word Bull and Big are associated with which branch of commercial activity?Share Market
Of which bills Open market operations of a Central Bank are sale and purchase?Trade bills
What is the number of principal organs of UNO?6
Among source of power India has largest reserves of which source of power?Coal
To meet the growing needs for coins in the country, where does the Government propose to set up another mint?Noida
For international payments, to which currency is the Indian currency linked?American Dollar
Where are the headquarters of IMF and World Bank located?Both Washington DC
Which is a World Bank group of five institutions?IDA
What was the earlier name of the WTO?GATT
In which year was Railway Budget in India separated from general budget?1924-25
With which India’s progress has been reasonably satisfactory in connection?Growth of GNP
Of the various ways of financing government’s investment expenditure, what is the least inflationary?Taxation
By which band is Monetary policy regulated?Central Bank
When is World Intellectual Property Day, recognized by the UN is observed?26-Apr
In which of the Five Year Plans, preference was given to the weaker sections of the society?Fifth
Upon which development the Second Five Year Plan laid mote stress?Industrialisation
Asia accounts for nearly howmany percent of world population?55
Ankaleshwar in India is known for the production of which state?Assam
From which fund are the salaries of the Judges of the Supreme Court drawn?Consolidated Fund
English is the official language of which State?Nagaland
Why does the Issue Department of the RBI maintain a against printing of note?Minimum Reserve System
Rupee was devalued by what percent in July 1991?20 Percent
What is the position of India in terms of production of coal?Fourth
Railways is a subject on which list?Union List
Which authority sanctions foreign exchange for the import of goods?Reserve Bank of India
Where is the The headquarter of World Trade Organisation?Geneva
Who is the first Indian woman to receive in Borlaug award and in which year?Dr. Amita Patel, 1992
The National Institute of Communicable Diseases is located at which place?Delhi
What is the effect of inflation on tax revenue results in a situation?Fiscal drag
What is the inflation experienced in the country at present?Costpush inflation
Railways is a subject on which list?Union List
Who is the author of a collection of poems called Golden Threshold?Sarojini Naidu
How is Share of Direct tax in post economic reform?Increasing
Famous book ‘The Return of the Native’ is written by which author?Thomos Hardy
In which year was Tax collection of Central govt. lowest as compare to G.D.P.?1999-2000
Which is the updated base for Wholesale Price Index (WPI)?2011-2012
What does National income ignore?Pension of employees
Which groups suffer the most from inflation?Creditors
Which case does stagflation imply?Recession plus inflation
Which is the regulatory authority for giving clearance for External Commercial borrowing?RBI
What does Dear Money Policy imply?High interest rates
Which plant produce seed but not fruit?Mint
What is the mean of Cheap Money?Low Rate of Interest
The Grand Banks are famous fishing grounds in which region?North-West Atlantic
In which product has Bangladesh emerged as the main competitor of India in the world market?Jute
Who sings on One-rupee currency notes?Finance Secretary of India
How is Indian economy?Mixed economy
Among the remedies of inflation, what can we include?Lowering bank rate
When iron rusts, how is its weight?Increases
What is the fact that support the concept that viruses are living is that?Multiply themselves
Who were the first to start a joint stock company trade with India?Portuguese
Where was the first Municipal Corporation in India set up?Kolkata
What is the best means of saving during inflation?Money
Who sings on ten rupee notes?Governor (Reserve Bank of India)
What is Broad money in India?M3
Whose experiments proved that the speed of light was always the same?Michelson and Morley
Indra Nooyi is the Chief Executive Officer of which company?Pepsi
Regional Rural Banks are designed to work in which ideal?Help the targetted groups
Who are Debenture holders of a company?Its creditors
By which bank are the central banking functions in India performed?Reserve Bank of India
From where does the National Stock Exchange functions?Mumbai
Which Public Sector bank’ emblem figures a dog and the words ‘faithful, friendly’ in it?Syndicate Bank
Which bank gives long term loan to farmers?Land Development Bank
Which first Bank was established in India?Bank of Hindustan
Who wrote the book ‘Planned Economy for India’?M. Visvesvaraya
Which first Bank was established in India?Bank of Hindustan
Which is the oldest Development Financial Institution of India?IFCI
Prof. Amartya Sen has earned worldwide distinction in which field /area?Economics
By whom was the first attempt to initiate economic planning in India made?By M. Visvesvaraya
Which is the colour of the outer edge of the rainbow?Red
For howmany years is rolling plan?One year
When was West African Monetary and Economic Union found?1994
In which year were Private Sector Mutual Funds in India permitted?1993
How many members of African Development Bank are there?78
How is the tax which is paid by the person on whom the tax is incident?Direct tax
Which is called a ‘banker’s cheque’?Demand draft
Of which bills Open market operations of a Central Bank are sale and purchase?Trade bills
Which is the largest Public Sector Bank in India?State Bank of India
How is the censorship of the press judged?By the test of reasonableness
Which bank is the Banker of the Banks?RBI
Participatory Notes (PNs) are associated with which investors?Foreign Institutional Investors
With whose assistance was Bokaro Steel Limited established?Soviet Union
To which duties is the system of value added taxation applicable?Excise duties
Howmany ’ of Banks were nationalised since 1969?14
What is the animal on the insignia of the RBI?Panther
Which is the place where bankers meet and settle their mutual claims and accounts?Clearing House
In which plan was the growth rate of agricultural production negative?Third Plan
On which day is the budget, in normal circumstances, presented to the Parliament?The last day of February
During which Five Year Plan was the total expenditure on agriculture the highest?Fourth Five Year Plan
Which place does Buyer’s market denote?The demand exceeds the supply
What is deficit financing?Spending in excess of revenue
Which is concerned with the regularity and economy of expenditure of government?Public Accounts Committee
How is the tax which is paid by the person on whom the tax is incident?Direct tax
In which terms is the Rate of growth of an economy measured?National income
What is the main objective of Antyodaya programme?Uplift the poor
Which bank gives long term loan to farmers?Land Development Bank
How is the standard of living in a country represented?Per capita income
Which groups suffer the most from inflation?Creditors
What is Broad money in India?M3
Regional Rural Banks are designed to work in which ideal?Help the targetted groups
Which is the best measure of economic growth of a country?NNP
From which country did India buy the Barak anti-missile defence systems?Israel
Why is Poverty in less developed countries largely?Due to income inequality
What does M3 include?M1 + T.D
The Imperial Bank of India, after nationalisation was given the name of which bank?State Bank of India
Funds belonging to the Government of India are kept in which fund?Consolidated Fund of India
Where is the headquarters of Food and Agriculture Organisation?Rome
On which tax is the minimum effect of Direct Taxes?Income
What is the total number of High Courts in India at present?24
What is the most appropriate measure of a country’s economic growth?Per capita real income
What about the salaries of the Judges of the Supreme Court of India during financial emergency?Cannot be reduced
The headquarters of International Atomic Energy Agency is located in which city?Vienna
Which one of the Chola kings conquered Ceylon (Sinhal) first?Rajaraja I
In which terms is the Rate of growth of an economy measured?National income
What is temporary tax levied to obtain additional revenue?Surcharge
In the short run, a producer,’ how long continues his production?Fixed cost
What is the animal on the insignia of the RBI?Panther
What is temporary tax levied to obtain additional revenue?Surcharge
What does Dear Money Policy imply?High interest rates
Which decade is celebrated as Bone and Joint Decade, recognised by WHO?2001-2010
At where were the High Courts in India first started?Bombay, Madras, Calcutta
Country is the new member of International Coffee Organisation?Vietnam
Where is the headquarters of African Export and Import Bank?Egypt
What is deficit financing?Spending in excess of revenue
On which tax is the minimum effect of Direct Taxes?Income
Where were the first coffee forms established by English?Chikmagalur district
When was National Development Council set up?1952
In the short run, a producer,’ how long continues his production?Fixed cost
Which place does Buyer’s market denote?The demand exceeds the supply
Which is the largest committee of Parliament of India?Estimates Committee
What is the principal source of revenue to the State Government in India?Sales Tax
Which UN body deals with population problem?UNFPA
In which policy India opted for ‘Mixed Economy’?Industrial Policy of 1948
How is the contribution of agriculture to India’s economy?Decreasing
The first railway line was laid in which state?North-East England
Revenue receipt contains all taxes come?all taxes
Which type of rubber provides the best commercial rubber?Castillo
Why was Mashelkar Committee constituted?Auto fuel policy
By whom was concept of Five Year Plans in India introduced?Jawaharlal Nehru
How is Share of Direct tax in post economic reform?Increasing
What is the study of principles and procedures of classification?Taxonomy
What is the investment in public works?Capital expenditure
Which body finalises the Five Year Plan proposals?National Development Council
Why is the Gross National Income always more than Net National Income?Direct taxes
According to the law of demand, what happens when price increases?Demand decreases
Who is the originator of Green Revolution in India?Norman E. Borlaug
By whom is Agricultural Income Tax assigned to the State Governments?By the Constitution of India
India is self sufficient in production of which of the following commodities?Milk
By which income individual’s actual standard of living can be assessed?Disposable Personal Income
How is Indian economy?Mixed economy
In which year, Economic Community of West African States came into existence?1975
Which of the following Indian banks became the first to touch a market capitalization of `1,00,000 crore in India?ICICI
By which law it has been said that with continue increase in income, expenses on food product decreases-Angel law
Bank deposits that can be drawn without notice are calledDemand deposits
Interest given on a money borrowed-At simple interest rate
Last date of exchange of `500 & `1000 notes issued before 2005 was31 Dec. 2015
SIDBI Stands forSmall industries development bank of India
IDBI was established onJuly, 1964
Under the rules of the IMF, each member is required to declare the par value of its legal tender money in terms of US Dollars andPound, sterling
SBI was earlier known asImperial Bank of India
Interest on saving deposits in all nationalized banks of India is determined byReserve Bank of India
Number of nationalized bank in India.21
Monetary and Fiscal policy is regulated byRBI
Which is the central Bank of India?RBI
RBI was nationalized in1949
Fourteen India Banks were nationalized in1969
‘NABARD’ Stands forNation Bank for Agriculture and Rural Development.
Which is centralized upto rural and development purposes?NABARD
‘NABARD’ is related to development ofAgriculture and Rural areas
One rupee coins and notes are issued byIndian Government
One Rupee notes are issued byIndian Government
Who is responsible for issuing of one rupee coin in India?Finance Ministry
Whose signature is done on one rupee note?Finance Secretary
Interest rates are decided byLiquidity Preference
Decimal Money System was started in?1957
Aggregate Monetary resource isM3
Minimum to Maximum reserved deposits in RBI by Commercial Banks in CalledExcess reserve
Cash Reserve Ratio is determined byCentral Banks
Remedy Finance is done byRBI
Cash Reserve Ratio and open Market Operation are the tools ofMonetary Policy
In E-banking, ‘E’ tax do forElectronic banking
Liquidity Preference meansHolding assets in the form of cash
The Permission given to a bank customer to draw cheques in excess of his current account balance is called.An overdraft
RBI does not transact the business of which state government?Nagaland
Who was appointed as governor of RBI After Dr. Y.V. Reddy?Shri D. Subbarao
RBI issues currency notes under theFixedMinimumReserve system
‘Hard Currency’ isA currency not easy to access
Financial Year of RBI is fromJuly to June
Cheap money meansLow rate of interest
A Schedule Bank in one which is included in theII Schedule of RBI act
Monetary system in India is regulated byRBI
When money supply increases the LM curve?Shift towards right
Monetary Policy is maintained byRBI
Largest Commercial Bank of India isSBI
Highest branches of Indian Bank is inUK
A part of National Debt known as External dept is the amount.Borrowed by its government from abroad
When there is effect on economic activity of an specific country due to import and export, then such economy are called-Open economy
Worldwide great depression happens in which year-1929
Preparing butter and ghee for household consumption of own family is a part ofOwn Account Production
“Economics is what it ought to be”. This statement refers to-Normative economics
In an economy capital formation depends upon.Total saving
The best example of capital intensive industry in India is-Steel industry
Removal of prohibitions and hindrance by government is called.Liberalisation
In an economy “development stage” means-Starting of steadily increasing economy
The tree like structure of records in a database in-Hierarchical model
Who said that for short duration price consumption is constant.Kenz
According to Kenz consumption function shows relation between.Total consumption and Total income
The concept of labour division was supported by-Smith
In interest in infrastructure is less because.Profit is gained after large time.
“World Bank” is also called as –I n t e r n a t i o n a l reorganized & development bank
What will happen if labour productivity is increased?Labour demand curve will shift towards right
Water consumption is minimum isThermal power
In Socialistic economy all the factor of production are owned and controlled byGovernment
Socialism is successful in achievingExcess socialistic approach in society
The capital of IMF is made up by the contribution ofMember nations
The term “Micro Economics” and “Macro Economics” was coined byRagner Frisch
“Micro” and “Macro” words was firstly used byRagner Frisch
Who is Known as “Father of Economics”Adam Smith
Economics by “Kautilya” is related withPolitical reign
“Economics is the science of Wealth” the above statement is given byAdam Smith
To which form of economy is the term “Laissez-faire” associated.Capitalist economy
Who propounded “Revealed Preference Theory”P.A. Samuellson
Social Accounting system in India is classified intoIncome, Product and expenditure
In an economy, the sectors are classified into public and private on the basis ofOwnership of enterprises
Production of a commodity mostly through the natural process is an activity ofPrimary Sector
Rent is a cost paid forLand
Who propounded Dynamic theory of Profit?Clark
Innovation theory of Profit was propounded by?Schumpeter
Who said development a “Creative destruction” under capitalism?Schumpeter
Prof. Milton Freedman was the leader of?Sehicago School
Due to worldwide great depression, ‘New Deal’ was declared by?Roozwelt
Relationship between rate of interest and consumption level was firstly estimated byMilton Freedman
Surplus earned by a factor other thus land in the short period is referred asQuasi-rent
Labour intensive Technique would get chosen in aLabour Surplus Economy
Word “Oikonomia” meansHouse hold Balance
Which type of workers are called as cultivatorsWho works on other’s land
Amartya Sen was awarded the Noble prize for his contribution toEconometrics
Views of eminent economist Robert Malthus on Population isPessimistic
Indian Economy is an example ofMixed Economy
According to whom second chamber is unnecessary & bad?Bentham
Theory of “Maximum Social Theory” for Public finance was given byDelton
Time clement in price discrimination was started byAlfred Marshall
Maximum depression was observed in which duration?1929-34
The process of organizing business-pact between group of countries is called asTrading block
What is mean by favourable. Balance of Trade.Less import than export
“Price Index” is measured by change in which of the following-Purchasing power of money
‘Gold’ is mainly related to-International market
“Gold Bullion Standard” is related to –To check that there is no tariff on import & export of gold
Firstly SEZ was situated in-India
Full form of SEZ –Special Economic Zone
The purpose of SEZ in India to –Increase FDI
India started to export electricity toBangladesh
Which among the UN council has not accepted Euro?Sweden
Trade Policy includeExport Import Policy
Goods – Exchange meansExchange of goods with goods
Free trade Means–Unrestricted exchange of goods and services
Which is the feature of “Free Market”Superiority of Consumer
Pegging up of a currency means, deciding value of money atHighest stage
World Trade Organization was established in1995
WTO promotesMultinational trade
WTO was earlier known asGATT
Inter nation trade is controlled byWTO
The practice of selling goods in a foreign country at a price below their domestic selling price is called.Dumping
Money / Investment is an example ofFloating Capital
For any product, balance of market is decided byVarious forces operating between demand and supply.
Export of Jawellery and ornament for India is maximum withUSA
For import of which product, India spends largest.Raw petroleum
The government resorts to devaluation of it currency in order to promoteExports
Difference between visible exports and visible imports is called asBalance of trade
The system of “Memorandum of Understandings” (MoU) was introduced in1987-88
Full form of SDR isState Drawing Rights
In Post-Independence Period first economic reform was started in the government ofP.V. Narshingha Rao (1990)
Oilseeds production Programme (OPP) was started in1990
TRIMs Stands forTrade Related Investment Measures.
FAO meansFood and Agriculture Organization
GEF Nands forGlobal Environment fund
Number of stages in trade cycle is?Fair
Buying of shares and bonds of Indian companies by foreign institutions is called.Portfolio Investment
Expenditure, taxation a loan taking policies of government are called as-Fiscal policy
Deficit financing is an instrument ofFiscal policy
Fiscal policy is related toReceiving and expenditure of govt.
“Hire and Fire” is a policy of-Capitalist
According to socialism who is the greatest enemy of society.Personal Property
From national point of view, which of the following represent micro approach.Study of selling of Tisco
Expenditure on interest payment, subsidy, pension, social welfare is a part ofN o n - p l a n n e d expenditure
Economic Support by government of India is given toProductive unit
The Prominent factor responsible for division of contingency fund.Vulnerability
FERA has been replaced byFEMA
For which fund can the unanticipated expenditure be met without the prior approval of the parliament?Contingency Fund of India
Economic Survey of India is published byMinistry of Finance
Government takes “Ways and Means advances” fromRBI
Maximum Part of revenue of Indian railway comes from.Transport of goods
Disinvestment in Public Sector is calledPrivatization
The expenditure than has been made and cannot be recovered is called.Sunk cost
Which cost has relation with lowest cost?Variable cost
Prime cost equal to-Variable cost + Administrative cost
Payment given to foreign by firms for using their goods and services are called.Explicit cost
Balance of Cost determination in a market is done by.Equalityinmarginal cost and marginal revenue
Marginal Cost equal to∆ Total Cost ∆ output
The additional to total cost by producing an additional unit of output by a firm is called.Marginal Cost
Balanced cost meansQuantity of demand and supply is equal
For production minimum payment is called.Wages
Explicit + Implicit cost =Economic cost
The opportunity cost of a factor of production isWhat it can earn in some other use
When average cost of production decreases then marginal cost of productionLess than average cost
Consumption of inferior goods decreases when-Income increases
For a good --------negative income elasticity and positive price elasticity of demand, then the good is-Giffen good
Goods which are either for consumption or for investment are called-Final goods
In capitalist economy, price value is determined by.Demand & Supply
Discuss about giffen and inferior good.Giffen goods are also inferior goods
Group consumption means-Consumption by people of country.
In respect to inferior good, price elasticity of demand is –Negative
Elasticity expressed by formula 1>e>o is –Relatively inelastic.
When there is no change in demand, with large change in price then such type of demands are called.Perfectly inelastic
With other factor Constant, the demand of any product is decreased by.Increase in price of that product
Law of demand is good onCustomer’s preference
According to “Law of Demand”, “quantity of demand increases”With decrease in price.
“Law of market” was propounded byJ.B. Say
“Law of Market” propounded by J.B. Say was not acceptable toMalthus
The demand of factor of production is called.Derived Demand
Demand of Labour is calledDrived demand
Horizontal demand shows relationBetweenrelatedproducts demand and price
According to demand curve of any product, increase in demand in due toIncome
Which factor is not responsible for shifting demand curve right side.Decrease in cost of production
A supply function expresses relationship between.Price and Production
Productive goods are called asInvestment goods
When demand curve of any product is parallel to x-axis, then elasticity of demand will bePerfectly elastic
Perfectly inelastic demand is equal toZero
Exceptional Demand curve is that whichGoes upper towards right
The supply of agricultural product isInelastic
Price discrimination by monopolist’s is done on the basis ofDemand elasticity
If two products are complements, then their cross Price Elasticity will beNegative
Refrigerator working at chemists shop is an example ofConsumer goods
If A and B are complementary goods, then what will be effect if cost of A is increased?Demand of B will be decreased.
Law of demand shows relationship between.Cost and demand
If there is decrease in price of X, then demand of Y is also decreased, then X & Y are.Substitute goods
Cross Elasticity of demand between Petrol and Car isNegative
For Successful Price discrimination between two market, demand elasticity of production should be.Different
Extension or contraction of quantity demanded of a product is a result of a change in theUnit price of the commodity.
The main determinant of real wage is –Purchasing power of money.
During period of inflation tax rate should.Increase
Demand pull inflation is a condition ofExtra demand
“Price Index” is measured by change inPurchasing power
Inflation distributes money and Income in favour ofRich
Presence of both higher rate of inflation and unemployment is calledStagflation
Stagflation is a situation ofStagnation and inflation
The relationship between the value of money and the price level is an economy isInverse
"Which one is not the measure taken by government to control inflation?Increase in consumption
"Who gets Minimum profit during inflation?Entrepreneurs
The process of curing inflation by reducing money supply is called.Disinflation
With increase in money supply then cost of goods and services will.Increase
Inflation can be checked bySelling of government bonds
When too much money is chasing too few goods, the situation is–Inflation
Which is the best for any firm?Decrease in production
Toothpaste is a product sold under.M o n o p o l i s t i c Competition
Monopoly is related to-Capitalism
In which market structure is the demand curve of the market is represented by demand curve of the firm?Monopoly
Bilateral Monopoly refers to the market situation ofOne seller, one buyer.
Under Monopoly the number of seller is-One
Extreme forms of market are-Perfect Competition, Monopoly.
Less number of firms in market is called as –Oligopoly
New firms are not allowed in market with.Monopoly.
The degree of monopoly power is to be measured in terms of the firms.Super normal profit
In according to social view, the ideal production will occur in-Perfect Competition
Under Perfect Competition, firms are generally-Cost taking
Under perfect competition the balance of any firm is decided when.Marginal revenue = Marginal Cost
Under Perfect Competition who is Price Acceptor.Firm.
“Exchange of Commodities” between two countries means.Bilateral trade
Selling cost is not included underPerfect Competition
Now capital issue is placed atPrimary Market
Exchange and control of Stock Market is done bySEBI
In India exchange and control of share market is done bySEBI
Who is the regulatory authority of credit rating agency in IndiaSEBI
Market in which money can be earned as loan.Money Market
Theory of “Monopolistic Competition” was given byEdward Chamberlin
For existence of which type of market Recordo Propounded rent theoryMonopoly
The situation is which total revenue equals to total cost isBreak-even point
Demand curve of a firm under perfect competition isHorizontal to x – axis
Open market operations of RBI refers to buying and selling ofGovernment bond
“Supply Creates its own Demand.” It is–Law of market
Short – term government securities is calledTreasury bill
Full from of FCCB isForeign Currency Convertible bonds
Expenditure on advertisement and public relation by an enterprise is a part of its-I n t e r m e d i a t e consumption
To calculate national income. Which of the following measures is not used?Income method
To measure national income by income method which among the following is not included?Pension
Per capital income is equal to .National income/Total population
Economic progress of a country is based on-Income in per capital income
The income of Indians working abroad is-Net domestic product of India
The standard of living of any individual can be calculated byPer capital income
Income and consumption as related as.Direct proportional
With increase in income the increase in ratio between income & expenditure changesRatio less than 1
National income is generated from.Productive activity
The total value of good and service produced is a country during a given period isNational income
Gross National Product – Depreciation =Net National Product
National income means.Net national product at factor cost
National income estimates in India are prepared by.Central Statistical office (CSO)
Net G.D.P is measured atFined Cost
GDP is what percent of Fiscal deficit?4
For short duration, when income increases, then normally average price consumption.Fluctuation is seen.
Census of India agriculture is done byProduction method
For First time National Income was estimated byDadabhai Naoroji
Firstly Income Committee was established in1949
National Income isNNP – Indirect tax + subsidy
National income of a country isSum total of production
Which among the following is not taken for calculating GNP by expenditure method?Depreciation
Depreciation is equal toGNP – NNP
National Income includeConstruction of a new House
National Income doesn’t includeWinning of Lottery
Transfer Payment includeGifts received form a friend
Which agency is responsible for calculation of National Income in India?CSO
Other name of Net National Product at market price?National Income
Net National Product of a country isGNP – depreciation
Compared to rich the poor savesA small part of their income
Which organization collects data for the unorganized sector?NSSO
One of the main factors that led to rapid expansion of Indian exports isLiberalization of the economy
The distance of exclusive economic zone for any country from its coast is320 km
Effect of ‘Investment Multiplier’ is shows onIncome
GDP at factor cost equalsGDP – Indirect Tax subsidy
Without insurance or uncertainity problem is –Change in fashion.
Verghese Kurrien is related to – White Revolution
Blue revolution is related to –Fish production
Blue and White Revolution is related with –Fish and Milk
Brown Revolution is called as –Increase in fertilizer production
India Adopted to give socialistic shape to country.Mixed economy
Economic planning is a part ofSocialistic economy
After ONGC, OIC, NTPC and SAIL, the ‘Navratna’ PSU which was awarded ‘Maharatna’ Status isCoal India Ltd.
Total number of Navratna PSE has become after including shipping corporation of India.18
Who supported PURA model.A.P.J. Abdul Kalam.
PURA model was advocated bristly by.Dr. A.P.J. Abdul Kalam
Dr. P Rama Rao Committee is related with.Defence
Which three year is said as “Planning Holiday” for our country?1966-69
“Plan Holiday” was declared afterThird Five Year Plan
Poverty alleviation was the aim of which Five Year Plan.Fifth
Slogan “Poverty Alleviation” was added to which Five Year Plan.Fifth
Duration of 12th Five year Plan is2012-2017
Eleventh five year Plan’s duration is1 April 2007 to 31 March 2012
India’s First five year plan was faced upon.Harrod Domor Model
Which five year plan’s duration was only four year?Fifth
Which Five Year Plan was based upon Mahalanobis Model?Second
Second five year plan was based onMohalanobis Model
Second five year plan give priority toHeavy industries
Which five year plan gave priority to heavy industries?Second
Who is the chairman of planning commission?Prime Minister
To get rid of economic inequality Mahatma Gandhi gave theory/substitute ofTrusteeship Theory
Social Forestry scheme was started inFifth five year plan
Due to subsidy, the expenditure of Indian government is maximum forOil
Which type of products does CACP recommend minimum support price for?Agricultural products
“Jeevan Sathi Yojan 2008-09” was started byLIC
Implementation of Jawahar Rozgar Yojana rests withGram Panchayats
Under ‘India Aawas Yojana’ residence are provided toPoor people of rural areas
The Minimum wages Act was firstly passed in India in the year.1948
‘Kisan Credit Card Yojana’ was started in1998
‘Antodaya Programme’ is related toPoorest of the poor
In which matter green revolution has achieved maximum success.Wheat
Minimum Support Price (MSP) for food products was started in1964
Who coined the term ‘Hindu rate of growth’ for Indian economy?Raj Krishna
"Vintage care are manufacturedBetween 1918 and 1930
"Which Indian industry is employing large number of workers?Textile industry
The gradation and standardization of agricultural products are conducted throughDirectorateofMarketing and Inspection
Identify the one which is not related to the Agricultural Price Policy.Licensing
Which is the characteristic of Indian Agriculture?Land Scard, labour surplus
Cattle rearing along with forming is called.Mixed farming
To get rid from evils of sub-division and fragmentation, which among the following is best measure.Consolidation of Holidays (Chakbandi)
Achievement in agriculture by India has not reached upto a greater level due toSmall holdings
In Indian Agriculture High Yielding Variety Programme was started in1966
Which is not the feature of Indian Agriculture?Supremacy of big firms
Golden Handshake Scheme is associated withEstablishing Joint Enterprises
Minimum Support Price, in India is decided by.CommissionofAgriculture cost and Price.
Census 2011 was.15th Census
Poverty in less developed countries is largely due to.Income inequality
When was the minimum wages act enacted in India?1948
India adopted Five Year Plan fromFarmer USSR
According to measurement, internal return isAnnualized effective effect
According to unit of measurement, internal return is.A concept of long term production
Kob- Doglash Production function Q = Aha k(1-a) is dependent upon.Constant interest return
Rate of internal return should.Inake cost of production and profit equal.
Increasing internal return meansDecreasing cost
If on decreasing rate of interest increase in marginal internal return, then total internal return.Increases
Third situation of low of variable proportion isNegative return
The excess of the price, person is to pay rather than forego the consumption of the commodity is called.Producer’s surplus
Production function marks relation between.Internal input and production
Production function signifies.Industrial relation
Production function shows relation betweenPrimary input and ultimate output
Group consumption means.H o u s e h o l d consumption
Marginal Propensity to consume lies between.0 to 1
When the total product rises at an increasing rate, then theMarginal product is rising
Economics of scale means reduction inUnit cost of production
The remuneration of the entrepreneur in production isPure Profit
Operating Surplus is produced inEnterprise Sector
In Economics, Production meansCreating utility
The marginal revenue of monopolist isLess than price
The ‘Break-even’ point is whereTotal revenue equals total cost.
Example of Sales tax is-Indirect tax
Coorporate tax are imposed by central govt., but used byBoth state & central
Taxation is an instrument ofFiscal policy
What is reduced from NNP to get National income.Indirect Tax
Indirect tax by nature areRegressive
In case of direct tax, impact of tax & incidence of tax.On same person
Which field gives highest tax-Industrial sector
If the tax rate increases with the higher level of income it shall be called.Progressive tax
Who was the chairmen of tenth Finance Commission?K.C. pant
Who was the chairmen of 13th Finance Commission?Dr. vijay L Kelkar
VAT was firstly implemented inFrance
VAT is imposed onAll level of production and selling
CENVAT is related withExcise duty
Fringe Benefit Tax was introduced in budget2005-06
‘Value - added’ is equal toOutput Minus the Inputs
Vijay Kelkar Committee was related toTax reform
Finance Commission is organized.After every five year
Excise duty is paid for–Production of a commodity
If for any product X, total utility from an units is 20 and from 10 unit is 15, then Marginal utility is-5
In economics, ‘utility’ and ‘Usefulness’ words has.Different meaning