Indian Economy Quiz

1. The most appropriate measure of a country's economic growth is its—
(A) Gross Domestic Product
(B) Net Domestic Product
(C) Net National Product
(D) Per Capita Real Income
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2. Which of the following is not included in infrastructure in India ?
(A) Education
(B) Insurance
(C) Energy
(D) Transport
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3. What was the amount of foreign debt in India in March 2010 ?
(A) $ 205•980 billion
(B) $ 210•530 billion
(C) $ 222•610 billion
(D) $ 261•4 billion
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4. Which of the following committees examined and suggested Financial sector reforms in India ?
(A) Abid Hussain Committee
(B) Bhagwati Committee
(C) Chelliah Committee
(D) Narasimham Committee
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5. In 2010-11 Union budget the exemption limit of income percentage above Rs. 8 lakh is—
(A) 30 per cent
(B) 35 per cent
(C) 15 per cent
(D) 20 per cent
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6. National Income in India is estimated by—
(A) CSO
(B) Finance Commission
(C) Planning Commission
(D) Indian Statistical Institute
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7. Which of the following is a wrong match ?
(A) Santro — Korea
(B) Matiz — Taiwan
(C) Zen — Japan
(D) Maruti — India
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8. Which of the following is a Direct tax ?
(A) Entertainment Tax
(B) Estate duty
(C) Excise duty
(D) Sales tax
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9. A tax that takes away a higher proportion of one's income as the income rises is termed as—
(A) Progressive tax
(B) Proportional tax
(C) Regressive tax
(D) Indirect tax
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10. Of which of the following items, there is no significant export from India ?
(A) Readymade garments
(B) Wool
(C) Footwear
(D) Silk Apparel
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11. Abid Hussain Committee recommendations were related to—
(A) Small Scale Industry
(B) Telecommunication
(C) Railway
(D) Capital Market
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12. The National Disaster Management Authority was constituted on—
(A) June 5, 2006
(B) May 25, 2006
(C) August 3, 2006
(D) July 15, 2006
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13. Which of the following forms of intellectuals property can provide the longest protection ?
(A) Copy right
(B) Patent
(C) Trademark
(D) Industrial designs
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14. The famous international company 'De Beers' is engaged in the business of—
(A) Larger beer
(B) Animal skins
(C) Shares & stocks
(D) Diamonds
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15. Which of the following is a Navratna PSU ?
(A) VSNL
(B) CMC
(C) MTNL
(D) IPCL
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16. How many nationalised banks are there in India at present ?
(A) 27
(B) 19
(C) 28
(D) 20
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17. The 11th Five Year Plan envisages the highest sectoral growth for—
(A) Agriculture
(B) Industry
(C) Manufacturing
(D) Service
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18. If a country devalued its currency it would be having the—
(A) Floating exchange rate system
(B) Fixed exchange rate system
(C) Closed Economy
(D) Open Economy
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19. The crucial determinant of the size of the market is—
(A) Monetary expansion
(B) Inductment for investment
(C) Productivity
(D) Savings
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20. Which one of the following is not an example of Direct tax ?
(A) Income Tax
(B) Wealth
(C) Gift Tax
(D) Trade Tax
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