Question 1

STEP is the abbreviated name of the welfare programme to help

Accepted Answer

Woman

Question 2

Second Nationalization of Commercial Banks in India took place in ?

Accepted Answer

First nationalisation of commercial banks in India took place in 1969 and second time in 1980.

Question 3

India has ranked _____ rank in World Bank's 'Ease of doing business' index.

Accepted Answer

100

Question 4

What is Rank of India in World business optimism ranking?

Accepted Answer

India slips to 7th position on the business optimism ranking. The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.

Question 5

Who said 'Supply creates its own demand' ?

Accepted Answer

J. B. Say

Question 6

Which company has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company ?

Accepted Answer

Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.

Question 7

The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

Accepted Answer

IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India : 1. RTGS - The Real Time Gross Settlement (and) 2. NEFT - The National Electronic Fund Transfer (NEFT) systems.

Question 8

The term 'mixed economy' denoted

Accepted Answer

existence of both private and public sectors

Question 9

Fiscal Policy is concerned with

Accepted Answer

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy. Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks Fiscal policy is the collective term for the taxing and spending actions of governments.

Question 10

What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?

Accepted Answer

The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.

Question 11

The term stagflation refers to a situation where ?

Accepted Answer

Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

Question 12

India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development.

Accepted Answer

India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was “pushed out” of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center.

Question 13

Which of the following is the basic characteristic of Oligopoly ?

Accepted Answer

a few sellers, many buyers

Question 14

Patanjali and Reliance Jio has ranked _____ respectively, in Top 10 influencial Brands of India ?

Accepted Answer

Ramdev promoted Patanjali Ayurveda and Reliance Jio have featured among the top 10 most influential brand in India, according to a study by the global research firm Ipsos. Home grown Patanjali and Mukesh Ambani’s controlled Reliance Jio have bagged the fourth and ninth position, respectively. Interestingly, Patanjali and Reliance Jio made an impressive entry as they did not figure in the previous edition of the study. Besides, Google has been ranked at the top slot while Microsoft and Facebook were ranked at number two and three, respectively. State Bank of India (SBI) being the only financial institution that made to the list, moved up four ranks to take the fifth position. E-commerce player Flipkart dropped three spots to take the tenth place while Amazon climbed couple of steps to take the sixth place. Other companies that made to the list include Samsung (7th) and Airtel (8th).

Question 15

In budget 2017-18, the fund allocation for Deen Dayal Upadhyay Gram Jyoti Yojana Scheme ?

Accepted Answer

Rs. 4814 Crores

Question 16

Which sector of Indian Economy contributes largest to the Gross National Product

Accepted Answer

Tertiary sector

Question 17

In the history of Indian population, Which duration period is referred to as ' a great leap forward '

Accepted Answer

1951 - 1961

Question 18

Which among the following is the exclusive jurisdiction of the State Government ?

Accepted Answer

Sales Tax

Question 19

Which is the highest form of unemployment in India?

Accepted Answer

Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year.

Question 20

The Mid Day Meal Scheme has been launched by the Union Minister of

Accepted Answer

Human Resource Development

Indian Economy Questions