latest Indian Economy Questions Answers For GK

Monday, March 14, 2011
1. The number of products reserved for small scale industry till October 2008 is—
(A) 35 
(B) 21
(C) 81 
(D) 106
Ans : (B)

2. From 2nd November, 2010, the Repo Rate has been fixed at—
(A) 3•5% 
(B) 5•5%
(C) 4•5% 
(D) 6•25%
Ans : (D)

3. The target company of making ‘Cell phone’ in the world is—
(A) Samsung 
(B) Panasonic
(C) Nokia 
(D) Motorola
Ans : (C)


4. For 2010-11, the CSO has predicted India’s GDP growth at—
(A) below 7% 
(B) 8•6%
(C) 8•5% 
(D) 9•5%
Ans : (B)

5. Which Indian city has the highest population?
(A) Kolkata 
(B) New Delhi
(C) Chennai 
(D) Mumbai
Ans : (D)

6. National Sample Survey Organisation (NSSO) was established in—
(A) 1950 
(B) 1951
(C) 1952 
(D) 1947
Ans : (A)

7. Which of the following Indian company has been listed at the top in Forbes-2000 list ?
(A) RIL 
(B) ONGC
(C) IOL 
(D) NTPC
Ans : (A)

8. Which state stands first in the length of roads in the country ?
(A) U. P. 
(B) M. P.
(C) Maharashtra 
(D) Rajasthan
Ans : (C)

9. On November 2, 2010 the Reserve Bank of India has fixed Reverse Repo Rate at—
(A) 6•25% 
(B) 4•25%
(C) 5•0% 
(D) 5•25%
Ans : (D)

10. Total receipts from service tax during 2011-12 has been estimated at—
(A) Rs. 58000 crore 
(B) Rs. 82000 crore
(C) Rs. 78000 crore 
(D) Rs. 88000 crore
Ans : (B)

11. From November 7, 2009, the SLR has been fixed at—
(A) 24% 
(B) 26%
(C) 25•5% 
(D) 25%
Ans : (D)

12. What minimum support price (per quintal) for the rabi 2010-11. Wheat to be marketed during 2011-12 marketing season has been fixed by the Government ?
(A) Rs. 1080 
(B) Rs. 1100
(C) Rs. 1120 
(D) Rs. 1180
Ans : (C)

13. On 14 January, 2011 the amount of foreign exchange reserves with RBI was—
(A) $ 183 billion 
(B) $ 213 billion
(C) $ 233 billion 
(D) $ 268 billion
Ans : (D)

14. Three nationalised public sector banks have joined hands with India Infrastructure Finance Co. Ltd. (IIFCL) for funding large infrastructure funds. The bank not including in this race is—
(A) Canara Bank
(B) Punjab National Bank
(C) Syndicate Bank
(D) Vijaya Bank
Ans : (B)

15. When was Focus Market Scheme introduced ?
(A) 2003-04 
(B) 2004-05
(C) 2005-06 
(D) 2006-07
Ans : (D)

16. The government has purchased the Reserve Bank of India’s ……… per cent stake in the country’s largest bank, the State Bank of India.
(A) 56•73 
(B) 59•73
(C) 61•27 
(D) 69•73
Ans : (B)

17. CENVAT is associated with—
(A) Direct Tax
(B) Income Tax
(C) Indirect Tax
(D) Service Tax
Ans : (C)

18. Which of the following occupied the highest place in growth rate during the 10th Plan period 2002-2007 ?
(A) Agricultural Sector
(B) Service Sector
(C) Industrial Sector
(D) Mining
Ans : (B)

19. As per the latest estimates of Petroleum Ministry. India’s refining capacity will be increased to …… million tonne per annum by the end of coming 11th plan, i.e., 2011-12. 
(A) 210 
(B) 220
(C) 230 
(D) 240
Ans : (D)

20. Which one has become the 8th member of SAARC ?
(A) China 
(B) Afghanistan
(C) Mauritius 
(D) Myanmar
Ans : (B)

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