1) The first official attempt to calculate
national income in India was made by _____?
Ans: Prof. Mahalanobis
2) Which village in Uttar Pradesh was adopted by Sonia Gandhi as a part of Saansad Adarsh Gram Yojana?
Ans: Udwa
3) The
Indian rupee is the only legal tender in India, and is also accepted as legal tender
in the neighbouring Nepal and ______, both of which peg their currency to that
of the Indian rupee.
Ans:
Bhutan
4) What is a voluntary labeling scheme for
easily identifying environment friendly products that was launched in 1991, even
before the 1992 Rio Summit?
Ans: Eco - mark
5) Which body was established on 12th July 1982
by a special act by the Parliament with the purpose to uplift rural India by
increasing the credit flow for elevation of agriculture & rural non farm
sector?
Ans: NABARD
6) Which Five Year Plan was marred by inflation,
armed conflicts and droughts, resulting in the introduction of plan holiday
(1966-1969) to absorb the shock dealt to the economy and thus make way for
further planning?
Ans: Third Plan
7) Under Article _____ of the Indian
Constitution, Finance Commission has been asked to define the financial relations
between the centre and; the state?
Ans: Article 280
8) Recommendations of which committee recently
provided useful suggestions for the future road- map of food policy?
Ans: Shards Kumar Committee
9) The Swachh Bharat Mission launched in October
2014, aims at attaining an Open Defecation Free India by _____?
Ans: 2019 October 2
10) Which body formulates, implements, and
monitors the monetary policy as well as ensures an adequate flow of credit to
productive sectors?
Ans: Reserve Bank of India
11) Which term is used for the money value of
all goods and services produced in a country during a year?
Ans: National Income
12) A saving instrument launched by the Government
for individual savers, where in invested money doubled during the maturity
period is?
Ans: Kisan Vikas Patra
13) The concept of a special category state was
first introduced in _____ year when the Fifth Finance Commission sought to
provide certain disadvantaged states with preferential treatment in the form of
central assistance and tax breaks.
Ans: 1969
14) India was one of the first in Asia to recognise
the effectiveness of the Export Processing Zone model in promoting exports,
with Asia's first EPZ set up in ______ in 1965?
Ans: Kandla (Gujarat)
15) The first country introduced Carbon tax is
_____?
Ans: New Zealand
16) Which authority recommends the principles
governing the grants - in - aid of the revenues of the states out of the
Consolidated Fund of India?
Ans: Finance Commission
17) The' PAN' in PAN card issued by the Income
Tax Department stands for?
Ans: Permanent Account Number
18) Which scheme is a centrally sponsored scheme
launched in 2000 for 10 Million poorest families which is an important
milestone in providing food grains?
Ans: Antyodaya Anna Yojana
19) During which Five - Year Plan did India lay
down the objective of the need to ensure environmental sustainability of the
development strategy? Ans: 9th Five Year
Plan
20) The Industrial Development Bank of India
(IDBI) was established in _____ year by the government of India?
Ans: 1964
21) The Government of India issued an ordinance
and nationalised how many largest commercial banks with effect from the
midnight of July 19, 1969?
Ans: 14 banks
22) Which formula was evolved in 1969 for
determining the allocation of central assistance for state plans in India and
was adopted for distribution of plan assistance during Fourth and Fifth Five
Year Plans?
Ans: Gadgil formula
23) The 2011 Census is the ______Census?
Ans: 15th
24) The concept of rolling plan was put forward
by _____in his book 'Asian Drama'?
Ans: Gunner Myrdal
25) Who coined the term 'Hindu rate of growth'
for Indian economy?
Ans: Raj Krishna
26) Multi - purpose river valley projects are
the New temples of modern India'. Who said this?
Ans: Jawaharlal Nehru
27) The Antyodaya programme was started first of
all in the state of ______?
Ans: Rajastan
28) India became a member of the International
Monetary Fund in _____ year?
Ans: 1947
29) Who gave the definition 'Economics is the
Science of Wealth'?
Ans: Adam Smith
30) First anytime milk ATM established at _____.
Ans: Anand (Gujarat)
31) Who is the father of Co- operation in India?
Ans: Frederic Nicholson
32) The first attempt to initiate economic
planning in India was made by Visvesvarayya through his book _____?
Ans: Planned Economy for India
33) National Stock Exchange (NSE) was
established in the year _____ in Mumbai.
Ans: 1992
34) IRDP (Integrated Rural Development
Programme) was launched in ______ year, for providing self employment and the
economic and social improvement for the poor.
Ans: 1978
35) Lakadawala Commission Was related with
_____?
Ans: Poverty Line
36) The 'Growth with Social Justice and Equality'
was the main focus of ______ plan?
Ans: Ninth Plan
37) Who is the chairman of the 14th Finance
Commission?
Ans: Y.V. Reddy
38) Wall Street is the headquarters of ______ Stock
Exchange?
Ans: New York
39) The first Keratite to become ' the member of
finance commission was _____?
Ans: V.P Menon
40) National Stock Exchange (NSE) was
established in the year _____ in Mumbai?
Ans: 1992
41) Which Five Year Plan marked the beginning of
economic liberalisation? Ans: 6th
42) _____ plan is associated with Indira Gandhi's
slogan ' Garibi Hatao'.
Ans: Fifth
43) The first Finance Commission was appointed
in _____year, under the chairmanship of K.C. Neogy.
Ans: 1961
44) The first Asian country to I introduce VAT
(Value Added 1 Tax) was ______?
Ans: South Korea
45) ICDS (Integrated Child Development Service) launched
on 2nd October ______?
Ans: 1975
46) 'Pure Banking, Nothing Else' is the slogan
of _____ bank?
Ans: SBI
47) The headquarters of LIC located in
_____city?
Ans: Mumbai
48) Which body in India is entrusted with
regulating the business in stock exchanges and any other securities markets;
registering and regulating the working of stock brokers, sub brokers etc?
Ans: SEBI
49) The principal source of States own tax
revenues is _____ which accounts for about 60 per cent of the total.
Ans: Sales Tax
50) The term ______ means' of the best quality,
because the Government securities do not suffer from risk of default and are
highly liquid (as they can be easily sold in the market at their current price).
Ans: Gilt edged
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