Economic General Awareness Quiz

1. The foundation stone of a new rail coach making factory has been laid at—
(A) Saharsa
(B) Rae Bareli
(C) Amethi
(D) Amritsar



2. Which of the following is not a quantitative measure for credit control ?
(A) Open Market operations
(B) Statutory Liquidity Ratio
(C) Bank Rate
(D) Margin requirements for debts



3. In Rail Budget 2008–09 concession for senior citizen women was raised to—
(A) 40%
(B) 50%
(C) 60%
(D) 70%




4. India’s quota in IMF has been raised from 1•916% at present to—
(A) 2•01%
(B) 2•23%
(C) 2•38%
(D) 2•44%



5. As per 2009-10 budget Income Tax exemption limit for women is—
(A) Rs. 1,65,000
(B) Rs. 1,75,000
(C) Rs. 1,90,000
(D) Rs. 1,80,000



6. Who was the Chairman of 12th Finance Commission ?
(A) C. Rangrajan
(B) K. C. Pant
(C) Kelkar
(D) Madhavan Ravindre



7. Increase in net RBI credit for Central Government represents—
(A) Budgetary Deficit
(B) Revenue Deficit
(C) Fiscal Deficit
(D) Monetised Deficit



8. Which pair is not correct ?
(A) Rekhi Committee —Simplification of Export and Import
(B) Nanjundappa Committee —Railway fare
(C) Rangrajan Committee —Balance of Payment
(D) Goiporia Committee —Banking Service Improvements



9. Individual cannot open his account in—
(A) Urban Cooperative Bank
(B) Regional Rural Bank
(C) RBI
(D) Scheduled Commercial Banks



10. On May 15, 2007 Lok Sabha passed SBI (Subsidiary Banks Laws) Amendment Bill which allows State Bank of India to reduce its holdings in its seven subsidiary banks to—
(A) 74%
(B) 60•6%
(C) 51%
(D) 49%



11. Which of the following is not an institutional credit agency ?
(A) Cooperative Society
(B) Commercial Banks
(C) Money Lender
(D) None of the above



12. IMF has raised the quota and voting share of India which places India at……place among 184 members of the organisation.
(A) 10th
(B) 11th
(C) 12th
(D) 13th



13. Which of the following deficit shows a rise in Interim Budget 2009–10 proposals as compared with their respective size of the budget estimates of 2008-09 ?
(A) Revenue Deficit
(B) Fiscal Deficit
(C) Primary Deficit
(D) All of these



14. In 2009-10 budget proposals maximum revenue collection is proposed from—
(A) Service Tax
(B) Income Tax
(C) Excise duty
(D) Corporation Tax



15. The objective of ‘Sangam Yojana’ is—
(A) To make Ganga water pollution free
(B) To make Sangam region of Allahabad more attractive for tourists
(C) To ensure welfare of handicapped
(D) To unite various groups of Hindus



16. In basic slabs of Income Tax, the upper limit for the slab having 20% tax now becomes—
(A) Rs. 3,00,000
(B) Rs. 4,00,000
(C) Rs. 4,50,000
(D) Rs. 5,00,000



17. What is true for short term capital gain tax as proposed in Union Budget 2008–09 ?
(A) It is raised from 10% to 12%
(B) It is raised from 12% to 15%
(C) It is raised from 10% to 15%
(D) It is retained at 10%



18. Tax–GDP ratio was 9•2% in 2003–04. It becomes ……% in 2008–09.
(A) 10•97%
(B) 11•97%
(C) 12•97%
(D) 13•97%



19. To which community/organisation maximum goods are exported from India ?
(A) EEC
(B) Commonwealth nation
(C) SAFTA
(D) OPEC



20. Which of the following committee has recently submitted its recommendations on financial sector reforms ?
(A) Rajan Committee
(B) Narsimham Committee
(C) Damodaran Committee
(D) Kelkar Committee