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 Indian Economy Questions

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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

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Q:

Which Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) ?

A) SBI B) Dena Bank
C) IDBI Bank D) Yes Bank
 
Answer & Explanation Answer: C) IDBI Bank

Explanation:

IDBI Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance.

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Q:

Which of the following is the basic characteristic of Oligopoly ?

A) a few sellers, many buyers B) many sellers, a few buyers
C) a few sellers, a few buyers D) a few sellers, one buyer
 
Answer & Explanation Answer: A) a few sellers, many buyers

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Q:

Which State of India has the largest area

A) Uttar Pradesh B) Madhya Pradesh
C) Maharashtra D) Rajasthan
 
Answer & Explanation Answer: D) Rajasthan

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Q:

India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development.

A) 45th B) 145th
C) 107th D) 56th
 
Answer & Explanation Answer: A) 45th

Explanation:

India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was “pushed out” of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center.

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Q:

Which country has replaced China as the top retail destination in 2017 Global retail development index ?

A) Russia B) India
C) Japan D) USA
 
Answer & Explanation Answer: B) India

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Q:

The head quarters of World Trade Organisation(WTO) are at

A) Rome B) Geneva
C) Doha D) New York
 
Answer & Explanation Answer: B) Geneva

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Q:

Which of the following is / are fund managers for National Pension System (NPS) in 2017 ?

A) Axis provident fund B) Yes bank pension fund
C) ICICI prudential pension D) Punjab National provident fund
 
Answer & Explanation Answer: C) ICICI prudential pension

Explanation:

At present in 2017, there are only seven NPS fund managers viz. HDFC Pension Fund, ICICI Prudential Pension, Kotak Pension Fund, LIC Pension Fund,  Reliance Capital Pension, SBI Pension Fund and UTI Retirement Solutions.

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