Indian Economy GK For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-2)

Indian Economy 

For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-2)

1. Which of the following PSUs has been privatised?

(a) HZL
(b) CMC
(c) Hotel Corporation of India
(d) NALCO

Answer:- (a) HZL

Hindustan Zinc Limited (HZL)

2. Which amidst the following banks was converted to a ‘Universal Bank’ recently?

(a) Punjab National Bank
(b) ICICI Bank
(c) UTI Bank
(d) Indus-Ind Bank

Answer:- (b) ICICI Bank

A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank.

3. Who has provided the Savings Bank facility to the largest number of account-holders in India?

(a) State Bank of India
(b) Punjab National Bank
(c) Allahabad Bank
(d) Post Office

Answer:- (d) Post Office

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4. The symbol of Reserve Bank of India is ?

(a) Capitol of Asokan Pillar
(b) Kuber with a purse of money
(c) Tiger before a Palm tree
(d) A dog sitting in a defensive state

Answer:- (c) Tiger before a Palm tree

The logo of the Reserve Bank of India comprises a tiger walking underneath a palm tree

5. For whom was the first departmental life insurance started ?

(a) Army
(b) Civil officers of Central Government
(c) Employees of postal department
(d) Life Insurance Corporation

Answer:- (c) Employees of postal department

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6. The main source of revenue for a State Government in India is?

(a) Sales tax
(b) Excise duty
(c) Income tax
(d) Property tax

Answer:- (a) Sales tax

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7. To achieve high rates of growth of national output, the economy has to ?

(a) reduce the rate of growth of population
(b) borrow foreign capital
(c) step up the rate of savings
(d) increase the rate of investment and reduce the capital output ratio

Answer:- (d) increase the rate of investment and reduce the capital output ratio

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8. The proceeds of income tax go to ?

(a) Central Government
(b) State Government
(c) Centre and States
(d) Corporation authorities

Answer:- (c) Centre and States

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9. National income refers to ?

(a) money value of goods and services produced in a country during a year.
(b) money value of stocks and shares of a country during a year.
(c) money value of capital goods produced by a country during a year.
(d) money value of consumer goods produced by a country during a year.

Answer:- (c) money value of capital goods produced by a country during a year.

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10. A Scheduled Bank is one which is included in the?

(a) II Schedule of Banking Regulation Act
(b) II Schedule of Constit-ution
(c) II Schedule of Reserve Bank of India Act
(d) None of the above

Answer:- (c) II Schedule of Reserve Bank of India Act

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