Indian Economy Model Questions for GS

1. What is ‘Super 301’ ?
(A) A name of modern computer
(B) A new variety of rice
(C) American trade law
(D) American treatment name for Aids
Ans : (C)

2. Which day is celebrated as ‘National Excise Duty Day’ ?
(A) 26th January
(B) 24th February
(C) 14th April
(D) 10th June
Ans : (B)

3. Air Deccan has been re-named as—
(A) Kingfisher Red
(B) Jet Red
(C) Sahara Red
(D) Indigo Red
Ans : (A)


4. For attracting more customers and providing better facilities, which of the following bank has launched a scheme ‘Parivartan’ ?
(A) Punjab National Bank
(B) Bank of Baroda
(C) State Bank of India
(D) Central Bank of India
Ans : (C)

5. Lahiri Committee was associated with—
(A) Industrial Sickness
(B) Minimum Support Prices of Agriculture Products
(C) Price Structure of Edible Oil
(D) Handicraft Exports
Ans : (C)

6. Plan expenditure in India is met by—
(A) Internal debt and other resources
(B) Assistance from Aid India Club
(C) Assistance from IMF
(D) Assistance from OECD countries
Ans : (A)

7. National Income in India is estimated by—
(A) Planning Commission
(B) Finance Commission
(C) Indian Statistical Institute
(D) Central Statistical Organisation
Ans : (D)

8. Population density means—
(A) No. of persons living per sq. km.
(B) No. of persons living per kilometre
(C) Ratio of population living below poverty line to total population
(D) No. of persons in a village
Ans : (A)

9. Which tax is collected by Panchayat ?
(A) Sales Tax
(B) Custom Duty
(C) Land Revenue
(D) Tax on local fairs
Ans : (D)

10. As per Economic Survey 2009-10, Gross Domestic Savings rate is—
(A) 36•4 per cent of GDPMP
(B) 35•3 per cent of GDPMP
(C) 33•2 per cent of GDPMP
(D) 32•5 per cent of GDPMP
Ans : (D)

11. Which sector got high rate of growth in its co-operative units ?
(A) Sugar
(B) Cotton Textile
(C) Jute
(D) Cement
Ans : (A)

12. Which committee among the following was associated with prices of petroleum products and its tariff structure ?
(A) Dr. Rangrajan Committee
(B) Malegam Committee
(C) Lahiri Committee
(D) Vaidyanathan Committee
Ans : (A)

13. The first fully literate district outside the Kerala State is—
(A) Wardhaman (West Bengal)
(B) Chingelpattu (Tamil Nadu)
(C) Nasik (Maharashtra)
(D) Merkata (Karnataka)
Ans : (A)

14. Tax Information Network (TIN), started in January 2004 is associated with—
(A) Sales Tax
(B) Excise Duty
(C) Income Tax
(D) Corporation Tax
Ans : (C)

15. According to the Wasteland Atlas of India 2005 (Published by Deptt. of Land Resources, Ministry of Rural Development), what percentage of country’s survey area is found to be wasteland ?
(A) 12•5%
(B) 14•5%
(C) 16•5%
(D) 17•5%
Ans : (D)

16. SDR is the currency of IMF which is in the form of—
(A) Paper currency
(B) Gold
(C) Silver and gold both
(D) Book-keeping entry only
Ans : (D)

17. Indravati Hydroelectric Project is the multipurpose project of—
(A) Maharashtra State
(B) Gujarat State
(C) Orissa State
(D) Tamil Nadu
Ans : (C)

18. The nationalisation of the major commercial banks took place in—
(A) 1947
(B) 1956
(C) 1969
(D) 1980
Ans : (C)

19. What is a ‘limited company’ ?
(A) In which shareholders possess the ownership limited to their paid up capital
(B) In which shares are issued
(C) A company of Government ownership
(D) A Registered company
Ans : (A)

20. The headquarters of RBI is in—
(A) Delhi
(B) Kanpur
(C) Mumbai
(D) Nasik
Ans : (C)

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