2
Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
Q:

The exercise of converting the financial outlays into physical outcomes, with fixed quarterly measurable and monitorable target is called

A) Outcome budget B) Estimated budget
C) Expenditure estimate D) None of these
 
Answer & Explanation Answer: A) Outcome budget

Explanation:
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Filed Under: Indian Economy

6 3458
Q:

The rolling plan concept in our country started with the

A) Third plan B) Fourth plan
C) Fifth plan D) Seventh plan
 
Answer & Explanation Answer: C) Fifth plan

Explanation:

The Rolling plan refers to one-year plans in the five-year perspective. under Rolling plan, there would be an annual appraisal of the progress of the plan and on the basis of such an appraisal, the plan for the next year will be prepared. The plan would go on rolling year after year.

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17 6144
Q:

In the 'Index of Eight core Industries'

which one of the following is given the highest weight?

A) Coal Produciton B) Electricity Generation
C) Fertilizer Production D) Steel Production
 
Answer & Explanation Answer: B) Electricity Generation

Explanation:

The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP).  Electricity generation (weight: 10.32%)

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8 22190
Q:

India nationalised 14 major commercial banks in 1969 with deposits not less than 

A) Rs. 10 crore each B) Rs. 25 crore each
C) Rs. 50 crore each D) Rs. 100 crore each
 
Answer & Explanation Answer: C) Rs. 50 crore each

Explanation:
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46 10438
Q:

One of the problems in finding out National Income in India is

A) Non-monetary consumption B) Tax evasion
C) Inflation D) Conspicuous consumption
 
Answer & Explanation Answer: A) Non-monetary consumption

Explanation:
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32 4887
Q:

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

A) 1991-92 B) 1992-93
C) 1995-96 D) 1996-97
 
Answer & Explanation Answer: D) 1996-97

Explanation:
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26 11150
Q:

In 1955, Imperial Bank of India, a leadimg commercial bank of that time was nationalised and renamed as:

A) Central Bank of India B) Bank of India
C) Indian Bank D) State Bank of India
 
Answer & Explanation Answer: D) State Bank of India

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16 3770
Q:

What is the name of the group of agriculture exporting countries formed in 1986, that has put agriculture on the multi lateral trade agenda at the WTO?

A) The Cairns Group B) ASEAN
C) SCANA D) NAFTA
 
Answer & Explanation Answer: C) SCANA

Explanation:
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31 5299