Indian Economy GK For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-1)

Indian Economy 

For DME Assam, Assam Police, ADRE, SSC Railway Exam (Part-1)

1. The decimal system of Indian currency was started in?

(a) 1950
(b) 1955
(c) 1957
(d) 1960

Answer:- (c) 1957

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2. Antyodaya Programme is associated with ?

(a) liberation of bonded labour
(b) bringing up cultural revolution in India
(c) demands of textile labourers
(d) upliftment of the poorest of the poor

Answer:- (d) upliftment of the poorest of the poor

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3. Which of the following is not a necessary condition for the development of India ?

(a) Capital Accumulation
(b) Resource discovery
(c) Population growth
(d) Technological develop-ment

Answer:- (c) Population growth

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4. The Indian economy can be most appropriately described as a ?

(a) Capitalist economy
(b) Socialist economy
(c) Traditional economy
(d) Mixed economy

Answer:- (d) Mixed economy

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5. The Tarapore Committee recommended that before capital account was made convertible the rate of inflation should be brought down for three years to within ?

(a) 3.5%
(b) 0.3%
(c) 4.6%
(d) 5.7%

Answer:- (a) 3.5%

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6. What is NABARD’s primary role?

(a) to provide term loans to state co-operative banks
(b) to assist state governments for share capital contribution
(c) to act as re-finance institution
(d) All of the above

Answer:- (d) All of the above

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7. Under which Act or Policy was the BIFR established ?

(a) Industrial Policy of 1980
(b) Companies Act
(c) Sick Industiral Companies Act
(d) MRTP Act

Answer:- (c) Sick Industiral Companies Act

The Board for Industrial and Financial Reconstruction (BIFR)

8. Which authority recommends the principles governing the grants in aid of the revenues of the states out of the Consolidated Fund of India?

(a) Public Accounts Committee
(b) Union Ministry of Finance
(c) Finance Commission
(d) Inter-State Council

Answer:- (c) Finance Commission

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9. RBI does not transact the business of which of the following state governmets ?

(a) Nagaland
(b) Assam
(c) Jammu and Kashmir
(d) Rajasthan

Answer:- (c) Jammu and Kashmir

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10. Which amidst the following banks was recently converted to a “Universal Bank” ?

(a) Corporation Bank
(b) Bank of Baroda
(c) IDBI Bank
(d) Canara Bank

Answer:- (c) IDBI Bank

Industrial Development Bank of India (IDBI)

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