Indian Economy Quiz

1. In Rashtriya Madhyamik Shiksha Abhiyan (RMSA) Scheme, government has targeted to ensure universal access to secondary level education by the year—
(A) 2012
(B) 2015
(C) 2017
(D) 2020
Ans : (C)

2. International Finance Corporation (IFC) has decided to fund an Ultra Mega Power Project in Gujarat. This project belongs to—
(A) Reliance Group
(B) Tata Group
(C) Birla Group
(D) NTPC
Ans : (B)

3. Which states ranks first and last respectively in Education Development Index (EDI) prepared to track the progress of states towards providing universal elementary education ?
(A) Kerala and Orissa respectively
(B) Kerala and Bihar respectively
(C) Andhra Pradesh and Orissa respectively
(D) Karnataka and Bihar respectively
Ans : (B)


4. Targeted power capacity addition for 11th plan period is—
(A) 41110 MW
(B) 66463 MW
(C) 68963 MW
(D) 86283 MW
Ans : (B)

5. At the end of March 2010, foreign debt on India stood at—
(A) $ 241•4 billion
(B) $ 238•2 billion
(C) $ 210•4 billion
(D) $ 208•3 billion
Ans : (A)

6. The Ex-officio Secretary of NDC is—
(A) Secretary of Finance Ministry
(B) General Secretary of Lok Sabha
(C) Secretary of Planning Commission
(D) Vice-Chairman of Planning Commission
Ans : (C)

7. The first two leading countries as per the statistics of 2009 in natural rubber’s consumption in the world are—
(A) USA and China respectively
(B) India and China respectively
(C) China and India respectively
(D) USA and India respectively
Ans : (C)

8. In National Mineral Policy (1993) which mineral was allowed for having investment from private sector—
(A) Coal
(B) Iron
(C) Gold
(D) Platinum
Ans : (A)

9. The share of road transport in total transport of the country is—
(A) 20%
(B) 40%
(C) 60%
(D) 80%
Ans : (D)

10. Airways service company ‘Spice Jet’ is being acquired by—
(A) Sun Group
(B) Reliance (Anil Ambani) Group
(C) Vijai Malya’s Group
(D) Wipro Group
Ans : (A)

11. Which percentage of Central Taxes was recommended by the 12th Finance Commission to be transferred to States ?
(A) 28•5%
(B) 29•5%
(C) 30•5%
(D) 31•5%
Ans : (C)

12. Which state possesses the maximum percentage of SC population ?
(A) U.P.
(B) M.P.
(C) Kerala
(D) Punjab
Ans : (D)

13. Government has decided to cover all districts of the country in National Rural Employment Guarantee Programme (NREGP)—
(A) Upto January 1, 2008
(B) Upto March 31, 2008
(C) w.e.f. April 1, 2008
(D) w.e.f. April 1, 2009
Ans : (B)

14. What is ‘NIKKEI’ ?
(A) Share Price Index of Tokyo Share Market
(B) Name of Japanese Central Bank
(C) Japanese name of Country’s Planning Commission
(D) Foreign Exchange Market of Japan
Ans : (A)

15. Which statement is correct for Indian Planning Commission ?
(A) It is not defined in Indian Constitution
(B) Members and Vice-Chairman of it do not have fixed working duration
(C) Members do not require any minimum education
(D) All of these
Ans : (D)

16. The share of public sector investment in agriculture and allied sectors was 20•9% in 2007-08 which for the year 2008-09 became—
(A) 22•3%
(B) 21•8%
(C) 17•6%
(D) 16•9%
Ans : (C)

17. Committee on decontrolling the prices of petrol and diesel was headed by—
(A) Kelkar Vijai
(B) Kirit S. Parekh
(C) Abhijit Sen
(D) C. Rangrajan
Ans : (B)

18. NABARD was established on the recommendation of—
(A) Public Account Committee
(B) Shivaraman Committee
(C) Narsimham Committee
(D) None of these
Ans : (B)

19. Sampurna Gramin Rojgar Yojana has been launched from—
(A) 1st April, 2001
(B) 25th Sept., 2001
(C) 30th Sept., 2001
(D) No scheme of such title has yet launched
Ans : (B)

20. Which company is providing mobile service with name ‘Cell One’ to the consumers ?
(A) MTNL
(B) BSNL
(C) Reliance Infocom
(D) Bharti Tele
Ans : (B)

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