Economics Practice Questions Set 1

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For India's Top Government Exams

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Which one of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly, in it?
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1 point

Punjab National Bank

Syndicate Bank

Oriental Bank of Commerce

State Bank of India

Consider the following statements

1. The current global economic crisis owes its genesis to the subprime crisis in the United States.
2. The Indian economy is showing a faster recovery from the economic crisis than its western counterparts.
Which of the statements given above is/are correct?

1 point

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

The acronym SRO, being used in the capital market for various market participants, stands for which one of the following?
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1 point

Self-regulatory Organisations

Small Revenue Operators

Securities Roll-back Operators

Securities Regulatory Organisations

As per the Economic Survey 2007-2008, which one of the following is the largest source of revenue of the Government of India?
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1 point

Excise Duty

Personal income tax

Corporation Tax

Customs Duties

According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].
Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not one of them?
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1 point

Macroeconomic Framework Statement

Fiscal Policy Strategy Statement

Medium-term Fiscal Policy Statement

Statement showing Short term Fiscal Policy

Which one of the following statements regarding the Monitorable Socio-Economic target of the 11th Five Year Plan, under the head Environment, is not correct?
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1 point

Treat all urban wastewater by 2011-2012 to clear river waters

Increase energy efficiency by 20 percentage points by 2016-2017

Attain WHO standards of air quality in all major cities by 2011-2012

Increase forest and tree cover by 15 percentage points

The 11th Five Year Plan strategy to raise agricultural output envisages which of the following?

1. Greater attention to land reforms.
2. Double the rate of growth of the irrigated area.
3. Promote animal husbandry and fishery.
4. Interest-free credit to the farmers.
Select the correct answer using the codes given below

1 point

1 and 3

2 and 3

1, 2 and 3

2 and 4

By which one of the following years does the 11th Five Year Plan aimed at achieving 10% rural teledensity in India from the present 1.9%?
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1 point

2009

2010

2011

2012

Consider the following statements

1. The current Economic Census is the seventh in the series so far conducted in India.
2. The Economic Census in India is undertaken by the Department of Economic Affairs (Union Ministry of Finance).
Which of the statements given above is/are correct?

1 point

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Consider the following statements

1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning commission in India is a constitutional body.
Which of the statements given above is/are correct?

1 point

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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