Indian Economy GK For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-4)

Indian Economy 

For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-4)

1. During which Five-Year Plan did India lay down the objective of the need to ensure environmental sustainability of the development strategy ?

(a) 6th Five Year Plan
(b) 7th Five Year Plan
(c) 8th Five Year Plan
(d) 9th Five Year Plan

Answer:- (d) 9th Five Year Plan

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2. Which of the following is not an objective of the monetary policy of the RBI ?

(a) Boost economic development
(b) Direct credit in desirable direction
(c) Control inflationary pressure
(d) Ensure social justice

Answer:- (d) Ensure social justice

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3. Which Bank was merged in the Punjab National Bank in February, 2003 ?

(a) Catholic Syrian Bank Ltd.
(b) Nainital Bank Ltd.
(c) Nedungadi Bank Ltd.
(d) Madurai Bank Ltd.

Answer:- (c) Nedungadi Bank Ltd.

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4. State which amongst the following is not true about VAT ?

(a) All States have uniform VAT for the same product
(b) State have discretion to fix the rate of tax within the four rates prescribed
(c) It will promote production efficiency of investments
(d) It will make our exports more competitive

Answer:- (d) It will make our exports more competitive

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5. Reserve Bank of India keeps some securities against notes. These securities are always less in comparison to?

(a) Gold and foreign bonds
(b) Gold
(c) Government bonds
(d) Gold, foreign bonds and Government bonds.

Answer:- (d) Gold, foreign bonds and Government bonds.

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6. Merchant Banking is an institution which provides finances to ?

(a) domestic whole sale trade
(b) international trade among countries
(c) domestic retail trade among
(d) international aid agencies.

Answer:- (b) international trade among countries

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7. The system of issuing and monitoring of money in the market is known as ?

(a) Proportional reserve ratio
(b) Fixed reserve ratio
(c) Minimum reserve ratio
(d) Floating reserve ratio

Answer:- (c) Minimum reserve ratio

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8. Which among the following Indian State does not transacts its business through Reserve Bank of India ?

(a) Sikkim
(b) Jammu and Kashmir
(c) Arunachal Pradesh
(d) Mizoram

Answer:- (b) Jammu and Kashmir

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9. The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this?

(a) Statutory Liquidity Ratio
(b) Cash Reserve Ratio
(c) Minimum Reserve Ratio
(d) Floating Reserve Ratio

Answer:- (a) Statutory Liquidity Ratio

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10. The receipts of which of the following taxes or duties are not shared with the States ?

(a) Tax on income except agriculture
(b) Corporation tax
(c) Surcharge on income tax
(d) Capital gain tax

Answer:- (a) Tax on income except agriculture

The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax.

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