Economy Merge PDF2

1 The minimum number of persons required to get a cooperative society registered is
(a) 7 (b) 10 (c) 20 (d) 40 A1
2 Which city is called Manchester of India?

(a) Kolkata (b) Mumbai (c) Kanpur (d) Bhopal A2
3 Which state has the highest growth rate in population?

(a) Arunachal Pradesh (b) Tripura (c) Nagaland (d) Mizoram A3
4 Which of the following is not an agro-based industry?

(a) Mining (b) Textiles (c) Beverage (d) Paper A4
5 Elementary education covers children in the age group

(a) 6-11 (b) 6-14 (c) 11-14 (d) 16-21 A5
6 Which among the following is an indirect tax?

(a) Wealth tax (b) Income tax (c) Estate tax (d) Sales tax A6
7 Rising trend in share prices is called

(a) Bearish trend (b) Bullish trend (c) Ratio trend (d) Stock holding A7
8 Which was the first mutual fund in India?

(a) LIC (b) SBI (c) UTI (d) Indian Bank A8
9 Banks which help in foreign trade are

(a) EXIM (b) Central (c) Commercial banks (d) None of the above A9
10 The return on debentures is called

(a) Dividend (b) Interest (c) Profits (d) None of the above A10
11 'White goods' are

(a) Basic raw materials (b) Durable consumption western countries
12
http://appscgroup.blogspot.com/
(c) Goods imported from western countries (d) None of the above
The Present coinage system in India was introduced?

A11
(a) 1935 (b) 1952 (c) 1957 (d) 1937 A12
13 Ninth Five Year Plan period is

(a) 1997-2002 (b) 1992-1997 (c) 1995-2000 (d) None of these A13
14 The first Industrial Policy Resolution was presented in

(a) 1947 (b) 1948 (c) 1950 (d) 1952 A14
15 Reserve Bank of India is the country's

(a) Biggest commercial bank (b) Central Bank
(c) Biggest cooperative bank (d) All of the above A15
16 Reserve Bank of India issues all currency in India except

(a) One-rupee notes (b) Two-rupee notes
(c) Five-rupee notes (d) Ten-rupee notes A16
17 The important plantation crop produced in India is

(a) Wheat (b) Rice (c) Cotton (d) Rubber A17
18 The highest area under irrigation is in the state of

(a) Uttar Pradesh (b) Bihar (c) Andhra Pradesh (d) Punjab A18
19 When was Employees Provident Fund Act enacted?

(a) 1961 (b) 1965 (c) 1952 (d) 1947 A19
20 The Eighth Five Year Plan covers

(a) 1989-94 (b) 1992-97 (c) 1989-95 (d) 1990-94 A20
Page 1 / 43 Page 1
21 The new industrial policy was announced on
(a) July 4, 1991 (b) July 14, 1991 (c) July 24, 1991 (d) July 31, 1991 A21
22 The rate of growth projected in the Eighth Five Year Plan is

(a) 4% (b) 5% (c) 5.6% (d) 6.4% A22
23 Name associated with Green Revolution is

(a) Jaya Prakash Narayan (b) Russi Modi (c) M.S. Swaminathan (d) V. Kurien A23
24 The largest deposits of uranium in India are found in

(a) Kerala (b) Rajasthan (c) Bihar (d) Jharkhand A24
25 Mica is abundantly found in the state of

(a) Jharkhand (b) Kerala (c) West Bengal (d) Madhya Pradesh A25
Answers
(Click on the Question Number to return to the corresponding Question)
a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

B B C A B D B C A B B C A B B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A D A C B C C C C A
Prepare today for a better tomorrow.....
Page 2 / 43 Page 2
1 Which of the following Indian cities was the venue for the festival of Gold 2005
(a) Chennai (b) Delhi (c) Kolkatha (d) Bangalore A1
2 For which one of the following items, Tirupur is famous as a huge exporter to many
parts of the world
(a) Handicrafts (b) Gems and Jewelry (c) Leather goods (d) Knitted garments A2
3 Ankaleshwar in India is known for the production of

(a) Petroleum (b) Coal (c) Iron ore (d) Bauxite A3
4 Zero Coupon Bonds are that variety of loans

(a) which fail to yield an income for the creditors
(b) which are issued at a discount and redeemed at par
(c) on which the entire interest income is paid at the time of purchase
(d) the market price of which may fall suddenly and heavily A4
5 Which brand/company uses the ad line "We know India better"?

(a) Max New York Life Insurance (b) LIC of India (c) Amul (d) Bajaj A5
6 The part of profit or other surpluses of a company distributed proportionately

among shareholders is called
(a) Preference Share (b) Equity Share (c) Face Value (d) None of these A6
7 NABARD stands for

(a) National Bank of Agriculture and Regional Development
(b) National Bank for Agriculture and Rural Development
(c) National Bureau of Aeronautical Research and Development
(d) None of these A7
8 Ashok Leyland is owned by the

(a) Tatas (b) Birlas (c) Hindujas (d) None of these A8
9 http://appscgroup.blogspot.com/
Which is South Korea's largest car manufacturing company?
(a) Hyundai (b) Honda (c) Suzuki (d) Toyota A9
10 Nandan Nilekani is associated with which company?

(a) Satyam Computers (b) Wipro (c) Infosys (d) Polaris A10
11 'Bottle neck inflation' means

(a) No rise in prices despite increase in aggregate demand
(b) Rise in prices without increase in the aggregate demand
(c) Decline in prices due to increase in aggregate demand
12 Recession in the market implies

(a) Slump in trade & industry due to fall in demand
(b) Increase in trade industry due to rise in demand
(c) No change in trade and industry due to stability in demand
13 Which is the largest tea producing country in the world?

(a) Kenya (b) Indonesia (c) China (d) India A13
14 Which one of the following is not manufacturing mobile telephone handsets?

(a) Samsung (b) Nokia (c) Videocon (d) Sony A14
15 BPO is an abbreviation for

(a) Bharat Petroleum Organisation (b) Business Process Outsourcing
(c) Business Products Outsourcing (d) Bharat Pesticides Outlet A15
16 Suvidha Fixed Deposit scheme was launched by which bank?

Page 3 / 43
(a) IDBI (b) ICICI (c) SBI (d) City Bank
Page 3
A16
17 Varishtha Pension Bima Yojana has been launched by
(a) National Insurance Co. (b) United India Insurance Co.
(c) LIC of India (d) Oriental Insurance Co. A17
18 Who among the following persons is closely associated with the leading company
ITC Ltd?
(a) M.S Banga (b) K. Gopalkrishnan (c) Yogi Deveshwar (d) Deepak Satwalekar A18
19 K.L.M. Royal Airlines belongs to

(a) Italy (b) Japan (c) Netherlands (d) Austria A19
20 Which company uses the ad line, 'Knowing is everything'?

(a) BBC World (b) Star (c) Sony (d) Zee A20
21 In the recent past, Reliance has found the gas in..........

(a) Mumbai offshore (b) Mahanadi basin
(c) Krishna -Godavari basin (d) Kaveri basin A21
22 Which petroleum company has introduced an improved quality petrol called 'Speed'?
(a) Bharat Petroleum (b) Indian Oil (c) Hindustan Petroleum (d) None of these A22
23 The main cause of International Trade is

(a) Equal cost difference
(b) Absolute cost difference
(c) Comparative cost difference A23
24 Which of the following is not a Central Government tax?

(a) Corporation Tax (b) Land Revenue (c) Customs Duty (d) Income Tax A24
25 Through which agency do the commercial banks finance rural credit?

(a) Co-operative societies (b) NABARD (c) NAFED (d) Rural banks A25
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Answers
B D A B B B B C A C B A D C B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A C C C A C A C B B
Page 4 / 43 Page 4
1 Saffron is mainly produced in which state A1
2 The state which tops in the production of safety matches and finished leather is A2
3 The factory producing the largest quantity of Titanium is located in which state A3
4 Rourkala Steel Plant is located in which state A4
5 Which state known as the ‘Silk State’ of India A5
6 The region known as the ‘Rice-Bowl’ of India is A6
7 Which Indian state leads in the production of cotton A7
8 Which is the largest rubber producing state in India A8
9 Firozabad in U.P is famous for ………… industry A9
10 Where has the Geological Survey of India located most of India’s Chromite deposits A10
11 Ranigiri in Andhra Pradesh is famous for A11
12 Which city is known as the silicon valley of India A12
13 Which two iron and steel plants have been setup in collaboration with the former
Soviet Union A13
14 Command Area Development Program was launched to A14
15 The oldest oil refinery in India is located in A15
16 Reserve Bank of India was established in the year A16
17 Industrial Credit and Investment Corporation of India (ICICI) was established in the
18
year
Industrial Finance Corporation of India (IFCI) was established in the year

A17
A18
19 IDBI was setup in the year A19
20 SIDBI was setup in the year A20
21 NABARD was established in the year A21
22 HUDCO was setup in the year A22
23 HDFC was established in the year A23
24 LIC was established in the year A24
25 GIC was setup in the year A25
Answers
a1 Jammu & Kashmir a2 Tamil Nadu
a3 Kerala a4 Orissa
Page 5 / 43 Page 5
a5 Karnataka a6 Krishna-Godavari Delta region
Karnataka Krishna-Godavari Delta region
a7 Maharashtra a8 Kerala
a9 Glass a10 Cuttack
a11 Gold a12 Bangalore
a13 Bokaro and Bhilai a14 Ensure better utilization of irrigation

potential
a15 Digboi (Assam) a16 1935
a17 1955 a18 1948
a19 1964 a20 1990
a21 1982 a22 1970
a23 1977 a24 1956
a25 1973
Page 6 / 43 Page 6
1 Rising trend in share prices is called A1
2 Which was the first mutual fund in India A2
3 ‘White Goods’ are A3
4 The Present Coinage system in India was introduced in the year A4
5 By eradicating poverty who wished to ‘Wipe out every tear from every eye’ A5
6 The concept of Five Year Plans in India was introduced by A6
7 The famous Haldia oil refinery was set up in collaboration with which country A7
8 India has its first oil refinery at A8
9 The town Titagrah is associated with which industry A9
10 Hindustan Zinc Limited is located in A10
11 The port on the eastern coast of India built after independence to export iron ore to
Japan is A11
12 Indian telephone industry is located at A12
13 Gondwana coal fields are located in A13
14 In which state ‘Kundremukh iron ore Project’ is located A14
15 India contains the world’s one-fourth mineral deposit in which item A15
16 The oldest and largest industry in India is A16
17 The Zawar mines of Udaipur are famous for A17
The state which accounts for more than 90% of total rubber production in India is A18
19 Which state in India is the only producer of diamonds A19
20 Lignite mines in India are located in which state A20
21 After Uttar Pradesh, which state leads in the production of sugarcane A21
22 Caveri delta in Tamil Nadu is famous for the production of A22
23 The main producer of Jute in India is which state A23
24 The only Indian state where gold mining is carried on A24
25 The state which produces largest quantity of cloves A25
Answers
a1 Bullish trend a2 UTI
a3 Durable consumption goods a4 1957
a5 Mahatma Gandhi Page 7 a6

/ 43Jawaharlal Nehru Page 7
a7 France a8 Digboi
a9 Paper a10 Udaipur
a11 Paradeep (Orissa) a12 Bangalore and Srinagar
a13 Madhya Pradesh a14 Karnataka
a15 Mica a16 Cotton textile
a17 Zinc a18 Kerala
a19 Madhya Pradesh a20 Tamil Nadu (Neyveli)
a21 Maharashtra a22 Rice
a23 West Bengal a24 Karnataka
a25 Kerala
Page 8 / 43 Page 8
1 Indiasoft 2003, an IT Exhibition and conference was held in A1
2 Liquidity is the ability of the bank to convert its non-cash assets into cash easily and
without ….. A2
3 The financial position of a commercial bank is reflected in its A3
4 UTI was set up in A4
5 Which commission recommended the establishment of the Reserve Bank of India A5
6 Income of a religious trust is chargeable to tax as income of A6
7 CENVAT is related with A7
8 Decentralization is A8
9 Unclaimed dividends is shown in the balance sheet under the heading A9
10 Who appoints the finance commission in every fifth year A10
11 National watershed development project for rain fed area was launched in A11
12 In India the first cement factory was started in A12
13 ‘Dow Jones’ is the stock index of A13
14 In India, the deadline of the goal ‘Power for all’ is in the year A14
15 The nodal agency for setting up of Agro-Export zones is A15
16 ‘Nikkel’ is the stock index of A16
17 State Bank of India was nationalised in the year

Finance Commission was setup in the year
A17
A18
19 ‘Dax’ is the stock exchange of which country A19
20 With which country’s assistance the Rourkela Steel Plant had been built A20
21 Which commission was appointed by the Government in 1969, to check the

concentration of economic power in the hands of a few business families A21
22 Which theory professed that democracy was useless to the poor in and under
developed country, if it could not guarantee them adequate food, clothing and
shelter A22
23 The minimum number of persons required to get a co-operative society registered is A23
24 Removal of poverty was the main objective of which five year plan A24
25 Sales tax is a type of A25
Answers
a1 New Delhi a2 Loss

Page 9 / 43 Page 9
a3 Balance sheet a4 1964
a3 Balance sheet a4 1964
a5 Hilton Young Commission a6 An association of persons
a7 Special excise duty a8 Increase the importance of subordinates
a9 Current liabilities a10 The President
a11 1990-91 a12 Chennai
a13 USA a14 2012
a15 APEDA a16 Japan
a17 1955 a18 1952
a19 Germany a20 Germany
a21 MRTP commission a22 Rice Bown Theory
a23 10 a24 Fifth
a25 Indirect tax
Page 10 / 43 Page 10
1 Most of the disguised unemployed persons in India are found in
(a) agriculture (b) industry (c) trade (d) transport A1
2 Seasonal unemployment refers mainly to

(a) private sector industry (b) public sector industry (c) agriculture (d) banks A2
3 Till which plan Employment Strategy had been growth linked?

(a) 6th plan (b) 7th plan (c) 3rd plan (d) 5th plan A3
4 Which of the following programmes were started during the Fourth Five Year Plan?
(i) Rural Works Programme (RWP)
(ii) Marginal Farmers and Agricultural Labourers Scheme (MFAL)
(iii) Small Farmers Development Agency (SFDA)
(iv) Integrated Dry Land Agricultural Development (IDLAD)
(a) (i) and (ii) only (b) (ii) and (iv) only
(c) (i), (ii) and (iv) only (d) (i), (ii), (iii) and (iv) A4
5 Food for work Programme was introduced during the

(a) Fourth Plan (b) Fifth Plan (c) Sixth Plan (d) Seventh Plan A5
6 The SFDA has been merged into

(a) MFAL (b) IRDP (c) IDLAD (d) TRYSEM A6
7 The Food for work Programme has been restructured as

(a) IDLAD (b) IRDP (c) MFAL (d) NREP A7
8 TRYSEM deals with

(a) training of young scientists for employment
(b) training of rural youth for self-employment
(c) training of young students for employment
(d) none of these A8
The major emphasis in the First Plan was on
(a) agriculture (b) industry (c) employment generation (d) none of these A9
10 The major emphasis of the Third Plan was on

(a) making India self-reliant (b) adult education
(c) Green revolution (d) Food for Work Programme A10
11 Which one of the following is not an objective of Indian's economic planning?

(a) Population growth (b) Industrial growth
(c) Self-reliance (d) Employment generation A11
12 The Third Plan turned out to be

(a) moderately successful (b) successful (c) highly successful (d) a failure A12
13 The Plan Holiday refers to the period

(a) 1965-68 (b) 1966-69 (c) 1967-70 (d) 1978-80 A13
14 The strategic aim of the Fifth Plan was

(a) adult education
(b) improving transportation network
(c) removal of poverty and attainment of economic self-reliance
(d) modernisation of agriculture A14
15 By eradicating poverty who wished to "wipe out every tear from every eye"?
(a) Jawaharlal Nehru (b) Mahatma Gandhi
(c) Rabindra Nath Tagore (d) Indira Gandhi A15
16 The poverty line is defined on the basis of an average daily intake of ...... calories in
rural areas.
(a) 2100 (b) 2300 (c) 3400 (d) 2400
A16
17 Inflation is caused by
(a) increase in money supply (b) increase in production
(c) decrease in production (d) both (a) and (c) A17
18 In India, the largest number of workers are employed in

(a) Sugar industry (b) Iron and steel industry
(c) Textile industry (d) Jute industry A18
19 The apex institution in the field of industrial finance is

(a) Reserve Bank of India (b) Industrial Development Bank of India
(c) Industrial Finance Corporation
(d) Industrial Credit and Investment Corporation of India A19
20 When did the Reserve Bank of India become a state owned institution?
(a) 1956 (b) 1952 (c) 1947 (d) 1949 A20
21 Commercial Banks in India

(a) have remained neutral to the process of economic growth
(b) have retarded the process of economic growth
(c) have accelerated the process of economic growth
(d) None of these are correct A21
22 The rationale behind the nationalisation of commercial banks in 1969 was

(a) removal of control by a few
(b) provision of adequate credit for agriculture and small industry
(c) encouragement to a new class of entrepreneurs
(d) all of these A22
23 Which of the following is the most important source of revenue of the States in
India?
24
(a) Sales tax (b) Excise duties (c) Land revenue (d) Professional tax
Which of the following panels examined and suggested tax reforms

A23
(a) Narsimham Committee (b) Malhotra Committee

(c) Chelliah Committee (d) Rangarajan Committee A24
25 The most important source of public revenue is

(a) taxes (b) interest (c) dividends and profits (d) licence fees A25

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Answers
A C D D B B D B A A A D B C B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D D C B D C D A C A
1 Mixed economy envisages
(a) co-existence of capitalists and labourers
(b) integrated economic development
(c) development of agriculture and industry simultaneously
(d) private and public sectors A1
2 A market economy is one in which

(a) products are sold (b) products and factors are bought
(c) products and factors are bought and sold (d) none of the above A2
3 Bring out the economic factors responsible for the under-development of the Indian
economy
(i) Shortage of capital
(ii) Technological backwardness
(iii) Lack of skilled manpower
(iv) Low geographical mobility due to attachment to land
(a) i & ii (b) i, iii & iv (c) i, ii & iv (d) i, ii & iii A3
4 Who wrote a book describing the theory of economic drain of India during British
rule?
(a) Dadabhai Naoroji (b) Lala Lajpat Rai (c)Mahatma gandhi (d) Jawaharlal Nehru A4
5 Which one of the following is not a feature of a developing economy?

(a) High rate of unemployment (b) High rate of population growth
(c) High rate of capital formation (d) Widespread poverty A5
6 Economic development has been retarded in India mainly due to

(a) haphazard industrialisation (b) westernised social attitudes
(c) poor infrastructural facilities (d) inefficient agrarian system A6
7 In a free economy inequalities of income are mainly due to

(a) free competition
(b) private property only
(c) private property and inheritance
(d) difference in the marginal productivity of labour A7
8 Which one of the following is not the economic factor, for the causes of poverty?
(a) fast rise in population (b) Low productivity in agriculture
(c) Mass illiteracy (d) Inequalities of income A8
Which of the following pairs is correct?
9
(A) April to March (i) A UN year

(B) January to December (ii) A calendar year
(C) February to March (iii) A financial year
(a) [A-i] (b) [B-iii] (c) [A-iii] (d) [C-ii]
A9
10 National income does not include

(a) interest on unproductive national debt
(b) income from government expenditure
(c) the payments by the households to firms for the purchase of goods and services
(d) undistributed profits A10
11 Page 13 / 43Interest and Money?

Who wrote, The General Theory of Employment, Page 13
(a) Rangar Nurkse (b) J.S. Mill (c) J.B. Say (d) J.M. Keynes A11
(a) Rangar Nurkse (b) J.S. Mill (c) J.B. Say (d) J.M. Keynes A11
12 Subsidies mean
(a) payment by Government for purchase of goods and services
(b) payment by business enterprises to factors of production
(c) payment by companies to shareholders
(d) payment by Government to business enterprises without buying any goods and
services A12
13 Depreciation means
(a) destruction of a plant in a fire accident
(b) loss of equipment over time due to wear and tear
(c) closure of the plant due to labour trouble
(d) closure of the plant due to lockout A13
14 The 'secondary sector' of Indian economy does not include

(a) Manufacturing (b) Construction
(c) Mining and quarrying (d) Electricity, gas and water supply A14
15 Expenditure on defence is an item of

(a) public investment (b) private investment
(c) private consumption (d) public consumption A15
16 Which year is known as 'Year of the Great Divide' with regard to population growth
in India?
(a) 1921 (b) 1947 (c) 1951 (d) None of these A16
17 Which of the following states has the least literacy rate?

(a) Rajasthan (b) Himachal Pradesh (c) Uttar Pradesh (d) Bihar A17
18 The maximum number of people in India work in the

(a) primary sector (b) secondary sector (c) tertiary sector (d) none of these A18
19 According to the 2001, census, the most densely populated state is

(a) West Bengal (b) Kerala (c) Bihar (d) Uttar Pradesh A19
20 Which of the following is the most populated city in India?

(a) Delhi (b) Calcutta (c) Chennai (d) Mumbai A20
21 The Department of Planning and Development was constituted by the Government

of India in
(a) 1940 (b) 1944 (c) 1947 (d) 1950 A21
22 The Planning Commission was set up by the Government of India in

(a) 1944 (b) 1947 (c) 1950 (d) 1951 A22
23 The concept of rolling plan was accepted in

(a) 1975 (b) 1976 (c) 1977 (d) 1978 A23
24 The long-term objectives of development in India have been
24 The long-term objectives of development in India have been
(a) high rate of growth with a view to improve the level of living of the people
(b) Social justice
(c) economic self-reliance
(d) all the three A24
25 Disguised unemployment refers to

(a) Persons with no jobs
(b) more persons employed for a job, out of them a few can accomplish
(c) unemployment among women
(d) unemployment of people above 60 years of age A25

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Answers
D
a16
C
a17
D
a18
A
a19
C
a20
C
a21
C
a22
C
a23
C
a24
A
a25
D D B C D
A D A A D B C C D B
1 Which of the following is associated with the largest transaction of goods freight in
the country?
(a) By Air (b) By Water (c) By Train (d) By Bus A1
2 White revolution is associated with

(a) Prof. Nanjudaiha (b) M.S. Swaminathan
(c) Dr. Varghese Kurien (d) Medha Patkar A2
3 "Golden Handshake" is the term associated with

(a) Share market (b) Retirement benefits
(c) Voluntary retirement benefits (d) Smuggling A3
4 The first to implement the concept of planned economy was

(a) Jawaharlal Nehru (b) Joseph Stalin (c) Marshal Tito (d) Mao Ze Dong A4
5 Which one of the following sectors of the economy is state- owned and its service
sector is a public enterprise?
(a) Mining (b) Education (c) Transportation (d) None of these A5
6 Recent industrial development of India is largest due to

(a) Rationalization of raw materials (b) Availability of skilled manpower
(c) Liberalization of government policies (d) Increase in market demand A6
7 What is 'Estate Duty'?

(a) Duty to one's motherland (b) Duty to one's home and property
(c) A kind of tax (d) None of these A7
8 In India, while defining an urban area, the most important consideration besides the
size of its population is that it should have
(a) Half of its male working population in non-primary sector
(b) A police station, a telegraph office and telephone facility
(c) A police station, a college and a hospital
(d) Three-fourths of its male working population on non-agricultural pursuits A8
9 With which trade is the term 'Exide' associated?

(a) Petrochemicals (b) Tyres (c) Batteries (d) Automobile parts A9
10 The Media campaign 'The World is Waiting' is related to which of the following
companies?
(a) Lufthansa (b) Qatar Airways (c) Indian Airlines (d) British Airways A10
11 Among the BRIC countries (Brazil, Russia, India and China), which is the only
trade-deficit country?
(a) Brazil (b) Russia (c) India (d) China A11
12 In 2005 the Government of India approved a proposal to set up an International

Container Trans-shipment Terminal at which of the following ports?
(a) Mubai (b) Paradip (c) Kolkata (d) Cochin (e) None of these A12
13 The most important commodity in India's internal trade is

(a) Coal (b) Food grain (c) Iron ore (d) Steel A13
14 Deepest mine in India is located at

(a) Kolar (b) Bellary (c) Jharia (d) Raniganj A14
15 Which of the following ports has a free trade zone?

(a) Bombay (b) Kandla (c) Cochin (d) Marmugao A15
16 The maximum power in India comes from _____ plants.

(a) thermal (b) hydro-electric (c) nuclear (d) solar A16
17 Page
Which country is the largest producer 16 /in43the world?
of milk Page 16
(a) India (b) USA (c) UK (d) Denmark A17
(a) India (b) USA (c) UK (d) Denmark A17
18 The maximum amount of energy in the present day world is provided by

(a) Atomic energy (b) Coal (c) Hydroelectric power (d) Fossil fuels A18
19 Of the heavy inorganic chemicals, which of the following basic industrial chemicals
is used in the largest quantity?
(a) Caustic soda (b) Chlorine liquid (c) Sulphuric acid (d) Soda ash A19
20 KLM a world wide airlines, belongs to which of the following countries

(a) France (b) Germany (c) Japan (d) Netherlands (e) USA A20
Match the following:
21
List-I List-II
A. Blue Revolution 1. Dairy development
B. Green Revolution 2. Fisheries development
C. White revolution 3. Food production
D. Yellow Revolution 4. Silk Production
Codes: A B C D
(a) 4 3 1 2
(b) 2 3 1 4
(c) 1 3 2 4
(d) 3 2 1 4
A21
India's as well as Asia's first wind farm is located in
(a) Maharashtra (b) Rajasthan (c) Orissa (d) Gujarat A22
23 Which of the following statements about Paradeep port are true?

I. It is specially designed for the export of iron ore
II. It is located on the Orissa Coast
III. It is the biggest Seaport in India
IV. The area around the port is a free trade zone
(a) I and II (b) I, II and III (c) I, III and IV (d) II, III and IV A23
24 Karl Marx advocated the establishment of a

(a) democratic society (b) feudal society (c) classless society (d) capitalist society A24
25 Indian economy is most appropriately described as a

(a) Socialist economy (b) Mixed economy (c) Capitalist economy (d) None of these A25

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Answers
Answers
C C C B D C C D C D C D A A B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A A D C D C D A C B
1 The first state in India to recognize tourism as an industry is
(a) Kerala (b) Tamil nadu (c) Goa (d) Maharashtra A1
2 Data one is the name associated with:

(a) Reliance Infocom (b) Tata Infocom (c) Airtel (d) BSNL broadband service
(e) None of these A2
3 Which company has become the first Indian company in the automobile and
engineering sector to be listed on the NEW York Stock Exchange (NYSE):
(a) Maruti Udyog Ltd (b) Mahindra & Mahindra
(c) Hindustan Motors (d) Tata Motors (e) None of these A3
4 Which of the following has become the first company in India to obtain BBB rating,
higher than the country sovereign rating, from global credit agency Standard and
Poor's:
(a) Wipro (b) TCS (c) Satyam (d) Infosys (d) None of these A4
5 The Reserve Bank of India was established

(a) 1st January 1949 (b) 1st April 1935 (c) 1st March 1947 (d) 1st may 1955 A5
6 Who is known as the father of 'Zero base budgeting'?

(a) Philips Kotleryhrr (b) Peter A Pyhrr (c) Tony Blair (d) Manmohan Singh A6
7 The central objective projected by the eleventh five year plan of India is
(a) Faster Rural development (b) faster and enhanced Industrial growth
(c) Enhancement of Agricultural Products (d) Welfare of Women and children A7
8 Which one of the following is not a central tax?

(a) Sales tax (b) Income tax (c) Excise duty (d) Customs duty A8
9 In India, a tax on agricultural income can be levied
(a) Only by the central Government
(b) Only by the state Government
(c) By both the central and state Governments
(d) By neither the central nor the state Government A9
10 Which one of the following ports was developed first after Independence?
(a) Paradip (b) Tuticorin (c) Marmugo (d) Kandala A10
11 The first chemical port in India for export and import of chemical products is being
set up at
(a) Diu (b) Mumbai (c) Porbandar (d) Dahej A11
12 As an export item of India, which spice occupies the top position in value?
(a) Pepper (b) Chilies (c) Turmeric (d) Cardamom A12
13 In India the major export of iron ore is from

(a) Visakhapatnam (b) Paradip (c) Marmugao (d) Haldia A13
14 The BSE sensex is based on the price movement of how many shares?
(a) 100 (b) 500 (c) 40 (d) 30 A14
15 Which among the following commodities, also called 'goods of sin' in popular
parlance, serve as a source of substantial revenue and yet the tax levied on them is
termed as 'Sin Tax"?
(a) Cigarette and betel 'masala' (b) Fashionable attires and leather goods
(c) Gems and artificial jewelleries (d) Meat and drugs containing animal protein
16 High rates of interest in a low inflation regime

(a) Attract people to make more and more investments
(b) Discourage people to make an investment
(c) Create atmosphere for capital formation
(c) Create atmosphere for capital formation
(d) Are not favourable for credit expansion
17 According to 'India Vision 2020', if India has to attain the goal of total employment
by the year 2020, it should work towards generating scope for ______ jobs per
year
(a) 1 million (b) 2 million (c) 5 million (d) 10 million (e) None of these A17
18 The iron and steel industries of which of the following countries are almost fully
dependent on imported raw materials?
(a) Britain (b) Japan (c) Poland (d) Germany A18
19 The largest gold producing country in the world is

(a) Brazil (b) Canada (c) South Africa (d) USA A19
20 Which of the following manufacturing industries is regarded as the most basic for
our modern civilization?
(a) Chemicals (b) Iron and Steel (c) Petrochemical (d) Textiles A20
21 Which of the following is not a source of geothermal energy?

(a) Hot Geyser (b) Hot Spring (c) Coal (d) Volcano A21
22 The Value Added Tax (VAT) adopted by 21 States replaced which of the following
taxes?
(a) Customs Duty (b) State Sales Tax (c) Excise Duty (d) Service Tax A22
23 Which of the following rural infrastructure areas is not covered in the Bhart Nirman
scheme of the UPA Government?
(a) Sanitation (b) Irrigation (c) Water Supply (d) Housing A23
24 The punch-line "We Invest In Your Dreams" is of which of the following banks?
(a) The Jammu & Kashmir Bank (b) Punjab National Bank
(c) State Bank of India (d) UTI Bank A24
25 Which of the following companies has started a rural marketing network called
"e-chaupal"?
(a) ITC (b) Dabur (c) Hindustan Lever (d) Procter & Gamble A25

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Answers

C D D D B B B A B D A A C D A
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
B C B C B C B A A A
1 Diesel engines for railways are manufactured at
(a) Chittaranjan (b) Vishakapatanam (c) Varanasi (d) Perambur A1
2 With which of the following is C-DOT related?

(a) Fighter planes purchased from France by India
(b) Centre for development of Telematics
(c) The submarine India purchased from erstwhile USSR
(d) The company in Sweden that manufactures Bofos gun A2
3 Statistical study of human population is called

(a) Demography (b) Cartography (c) Physiography (d) Topography A3
4 Gem cutting in India is done mainly at

(a) Panna (b) Kolar (c) Surat (d) Sindri A4
5 Trade Union means

(a) Organisation of employees (b) Association of trades
(c) Organisation of employers (d) Association industries A5
6 Who headed the Tax Reforms Committee?

(a) Dr. C.H. Hanumantha Rao (b) Dr. Bimal Jalan
(c) Dr. Wanchoo (d) Dr. Raja J Chelliah A6
7 Sardar Sarovar Project is to be constructed on the river

(a) Godavari (b) Narmada (c) Krishna (d) Tapti A7
8 Four-fifths of the goods traffic in the country is carried by

(a) Trucks (b) Steamers (c) Railways (d) Aeroplanes A8
9 Plan Holiday occurred between

(a) First and Second Plan (b) Second and Third Plan
10
(c) Third and Fourth Plan (d) Fourth and Fifth Plan
Central Government is responsible for the construction of one of the following roads
A9
(a) National highways (b) State highways

(c) Border roads and state highways (d) National highways and border roads A10
11 A depreciation of a nation's currency usually causes internal/domestic prices to

(a) Fall (b) Rise (c) Remain unchanged (d) Any of the above A11
12 Paradeep port is in
(a) Kerala (b) Orissa (c) Andhra Pradesh (d) Tamil Nadu A12
13 World's largest producer of coffee is

(a) India (b) Brazil (c) Ghana (d) Gold Coast A13
14 The free trade port of the country is

(a) Madras (b) Paradip (c) Kandla (d) Haldia A14
15 "Garibi Hatao" was the famous slogan during

(a) 1961 elections (b) 1971 elections (c) 1977 elections (d) 1985 elections A15
16 Salem is important for

(a) Gem cutting (b) Aircraft (c) Fertilizer (d) Stainless steel A16
17 Largest producer of tea is

(a) China (b) India (c) Japan (d) Brazil A17
18 Wealth accumulated by evading tax is called

(a) Black money (b) White money (c) Security money (d) None of these A18
19 In which year was the Food Corporation of India established?

(a) January 1, 1965 (b) February 7, 1965
(c) March 18, 1965 (d) November 14, 1965 A19
(c) March 18, 1965 (d) November 14, 1965 A19
20 V. Kurien is known for

(a) White revolution (b) Green Revolution (c) Operation Blue Star (d) Project Tiger A20
21 Nepanagar is associated with

(a) Sugar mills (b) Paper mills (c) Textile mills (d) Cement A21
22 The longest railway platform in India is in

(a) Kharagpur (b) New Delhi (c) Howrah (d) Mughalsarai A22
23 Green Revolution has been very successful in which of the following crops?
(a) Grams (b) Sugar cane (c) Wheat (d) Rice A23
24 DPAP stand for

(a) Directorate of Public Advertisement and Publicity
(b) Directorate of Planning and Administration of Productivity
(c) The drought Prone Area Programme
(d) None of the above A24
25 Headquarters of the World Bank is situated at

(a) Manila (b) Washington (c) New York (d) England A25
Answers
C B A C A D B C C D B B B C B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D B A A A B A C C B
1 The length of the Indira Gandhi Canal is
(a) 400 km (b) 450 km (c) 468 km (d) 475 km A1
2 Mazagaon Dock is a ship building yard at

(a) Calcutta (b) Vishakhapatanam (c) Mumbai (d) Cochin A2
3 'Hydro-Power' is the term used for electricity produced through

(a) Coal (b) Mineral oil (c) Atomic power (d) Water A3
4 Apex institution which regards rural credit is

(a) SBI (b) RBI (c) NABARD (d) Citibank A4
5 World Bank is also known as

(a) NABARD (b) ILO (c) IBRD (d) FCI A5
6 The non-food crop is

(a) Gram (b) Tea (c) Rice (d) Wheat A6
7 The largest cotton production nation in the world is

(a) USA (b) China (c) India (d) Bangladesh A7
8 Which of the following diseases has been eradicated from India?

(a) T.B (b) Cholera (c) Malaria (d) Small-pox A8
9 The biggest enterprise of our government is

(a) Steel industry (b) Railways (c) Ship building (d) None of these A9
10 Royal Stag brand of Whisky is owned by

(a) United Breweries (b) Shaw Wallace & Co (c) Seagram (d) Mohan Meakin A10
11 Iodex brand of pain balm is owned by

(a) Smithkline Beecham (b) Wyeth Laboratories
12
(c) Glaxo (d) Dr. Reddy’s Laboratories
Beech King and Cessna are popular models of

A11
(a) Cars (b) Aircraft (c) Ships (d) Transport vans A12
13 Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most
closely related to which of the following industries/markets
(a) Stock Exchange (b) Banking (c) Mutual Fund (d) Income Tax A13
14 Dr. Pepper is a famous brand of

(a) Iced tea (b) Peppermint (c) Soft Drinks (d) None of these A14
15 National saving certificates (NSC) are issued by

(a) Banks (b) Hospital (c) General stores (d) Post offices A15
16 The major source of power in India is

(a) Coal (b) Petroleum (c) Electricity (d) All the above A16
17 'Black gold' stands for

(a) Coal (b) Petroleum (c) 24-carat gold (d) Nuclear waste A17
18 The Oil and Natural Gas Commission was set up in India in

(a) 1947 (b) 1950 (c) 1956 (d) 1960 A18
19 Which of the following years is known as the 'Year of Great Divide'?

(a) 1857 (b) 1921 (c) 1941 (d) 1947 A19
20 Agriculture provides employment to ____ persons in our country.

(a) 42% (b) 64% (c) 70% (d) 85% A20
21 Which of the following still remains the backbone

Page 23 / 43 of the Indian economy? Page 23
(a) Agriculture (b) Coal industry (c) Steel industry (d) None of these A21
22 National Bank for Agriculture and Rural Development (NABARD) was established in
(a) 1947 (b) 1960 (c) 1970 (d) 1982 A22
23 The first Regional Rural Bank was established in

(a) 1947 (b) 1960 (c) 1970 (d) 1975 A23
24 The Comprehensive crop Insurance Scheme (CCIS) was launched in

(a) 1947 (b) 1960 (c) 1975 (d) 1985 A24
25 National Productivity Council was set up in

(a) 1947 (b) 1950 (c) 1958 (d) 1960 A25
Answers

C C D C C B A D B C A B B C D
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A B C B C A D D C C
1 NTPC produces electricity from
(a) Water (b) Coal (c) Oil (d) All the above A1
2 Which of the following is NOT a member of OPEC?

(a) Iran (b) Iraq (c) Saudi Arabia (d) Australia A2
3 India set up the Planning Commission in

(a) 1947 (b) 1948 (c) 1950 (d) 1954 A3
4 The first Five Year Plan was put into operation in

(a) 1st April 1951 (b) 15th August, 1947 (c) 2nd October, 1948 (d) 1st April, 1954 A4
5 The Integrated Rural development Programme (IRDP) was launched during ____
Five Year Plan.
(a) Sixth (b) Second (c) Third (d) Fourth A5
6 The highest priority given in the first Plan was for the development of
(a) Minerals (b) Industries (c) Agriculture (d) Power A6
7 During the Second Five Year Plan more emphasis was laid on improving the
conditions in
(a) Minerals (b) Industries (c) Social life (d) Education A7
8 The States involved in the Dandakaranya Project are

(a) Uttar Pradesh, Maharashtra and Karnataka
(b) Karnataka, Andhra Pradesh and Tamil Nadu
(c) Orissa, Madhya Pradesh, and Andhra Pradesh
(d) Kerala, Tamil Nadu and Andhra Pradesh A8
9 What is Gomia in Bihar famous for?

(a) Coal fields (b) Manganese mines (c) Fertilizer plant (d) Explosives factory A9
10
The Indian city famous for glass bangle industry, is
(a) Lucknow (b) Sikandrabad (c) Ferozabad (d) Agra A10
11 The first fertilizer plant was set up at

(a) Nangal (Punjab) (b) Sindri (Bihar)
(c) Alwaye (Kerala) (d) Trombay (Maharashtra) A11
12 Tanks are manufactured at

(a) Kanpur (b) Chittaranjan (c) Perambur (d) Avadi A12
13 The headquarters of ONGC is situated at

(a) Bombay (b) Delhi (c) Dehradun (d) Vadodara A13
14 The largest bauxite producer in India is

(a) Rajasthan (b) Madhya Pradesh (c) Bihar (d) Orissa A14
15 Petroleum was first struck in

(a) Bombay (b) Digboi (c) Koyali (d) Ankaleshwar A15
16 Gondwana coalfields are situated in

(a) Madhya Pradesh (b) West Bengal (c) Jammu & Kashmir (d) Kerala A16
17 The Sirhind Canal, which irrigates a considerable portion of Punjab comprising

Ludhiana, Patiala, Sangrur, Bhatinda and Ferozepur, takes off from the left bank of
the
(a) Beas (b) Ravi (c) Sutlej (d) Jhelum A17
18 India is the largest exporter of _____ in the world.

(a) Cashew kernels (b) Walnut kernels (c) Pecan kernels (d) Almond kernels A18
19
Which region is known as the Rice Bowl of India?
(a) Indo-Gangetic Plain (b) Krishna-Godavari delta region
(a) Indo-Gangetic Plain (b) Krishna-Godavari delta region
(c) North-east region (d) Kerala and Tamil Nadu A19
20 The land utilisation statistics in India is available to nearly

(a) 92.5 percent of the total area (b) 98 percent of the total area
(c) 90 percent of the total area (d) 85 percent of the total area A20
21 Which of the following is the first nuclear power station in India?

(a) Tarapur (b) Kalpakkam (c) Kota (d) Narora A21
22 India has monopoly in the production of ___ in the world

(a) Manganese (c) Iron (c) Mica (d) Uranium A22
23 Thorium is recovered most economically from monazite which occurs extensively in

the sands on the cost of
(a) Tamil Nadu (b) Kerala (c) Goa (d) Andra Pradesh A23
24 Most of the coalfields of Bihar and west Bengal are located in the valley of
(a) Mahanadi (b) Damodar (c) Godavari Basin (d) Cauvery Basin A24
25 The wheat is not suitable for growing in the South because

(a) Rainfall is low there (b) The winters there are too warm
(c) It is too humid in the South (d) Dry conditions prevail in early A25
Answers
a1
B
a2
D
a3
C
a4
A
a5
A
a6
C
a7
B
a8
C
a9
D
a10
C
a11
B
a12
D
a13
C
a14
C
a15
B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A C A B A A C B B D
1 Tobacco in India grows mainly in areas which are
(a) Warm and moist (b) Cool and rocky (c) Warm and sandy (d) Cool A1
2 Which of the following states is the largest producer of groundnuts?

(a) Bihar (b) Gujarat (c) Maharashtra (d) Uttar Pradesh A2
3 The oldest refinery in India is located at

(a) Digboi (b) Haldia (c) Koyali (d) Noonamati A3
4 Which of the following is not a port on the east coast of India

(a) Tuticorin (b) Vishakhapatnam (c) Kandla (d) Paradeep A4
5 Ankaleshwar in India is known for the production of

(a) Bauxite (b) Coal (c) Iron ore (d) Petroleum A5
6 Where was the first port in India established by the Britishers?

(a) Calcutta (b) Surat (c) Bombay (d) Vishakhapatnam A6
7 Which state in India is the largest producer of tea?

(a) West Bengal (b) Kerala (c) Assam (d) Tamil Nadu A7
8 The largest producer of ginger

(a) Tamil nadu (b) Kerala (c) Karnataka (d) Mizoram A8
9 Which state is called the Sugar Bowl of India?

(a) Madhya Pradesh (b) Uttar Pradesh (c) Karnataka (d) Maharashtra A9
10 Jute is grown on a large scale in the delta of

(a) Sutlej (b) Godavari (c) Ganges (d) Damodar A10
11 Which state is the most urbanized state?

(a) Maharashtra (b) Punjab (c) Tamil nadu (d) Karnataka A11
In which state an outsider cannot own property?
(a) Uttar Pradesh (b) Assam (c) Punjab (d) Jammu & Kashmir A12
13 Which is India's largest port city?

(a) Cochin (b) Vishakapatnam (c) Kandla (d) Mumbai A13
14 With which field are the terms B2B and B2C associated?
(a) securities trading (b) shipping (c) international trade (d) Information Technology A14
15 Name the first proponent of computer networking and interconnectivity?

(a) BillGates (b) J.C.R. Licklider (c) Leonard Klienrock (d) Gordon Moore A15
16 Where in India does the Enfield Motorcycle Co. have its plant?
(a) Mumbai (b) Bangalore (c) Pune (d) Chennai A16
17 The name of which brand of car means 'sky' in Italian?

(a) Alto (b) Uno (c) Cielo (d) Baleno A17
18 What is the core business of the Kirloskar - Cummins group?

(a) automobile engines (b) compressors precision (c) instruments (d) None of these A18
19 Which IIM was set up with a grant from the Ford Foundation?
(a) Lucknow (b) Ahmedabad (c) Calcutta (d) Bangalore A19
20 Where is the World Economic Forum headquartered?

(a) Zurich (b) Geneva (c) Davos (d) Munich A20
21 Which country started off the Industrial Revolution?

(a) France (b) the USA (c) Great Britain (d) Germany A21
22
Which state is called the ‘bread basket’ of India?
(a) Punjab (b) Gujarat (c) Maharashtra (d) Haryana A22
(a) Punjab (b) Gujarat (c) Maharashtra (d) Haryana A22
23 With which famous Lifestyle brand would you associate the little known company
Mirza Tanneries
(a) Red Tape Shoes (b) Phoenix (c) Calvin Klein (d) Lee Cooper A23
24 Which State is the largest producer of tea in India?

(a) West Bengal (b) Kerala (c) Assam (d) Tamilnadu A24
25 The highest yield of rice per hectare in India is in

(a) Punjab (b) Kerala (c) Karnataka (d) West Bengal A25
Answers

A B A C D B C B B D A D D D B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D C B C C C A A C D
1 What is deficit financing A1
2 Major source of Thorium in India is in the state A2
3 In which Indian state is lignite is found A3
4 Which is known as India’s ‘Mineral State’ A4
5 The multipurpose dam built by the joint venture of Karnataka and Andhra Pradesh A5
6 The most important role played by Agricultural Co-operative Societies in the

uplifting of rural farmers is A6
7 Who finally approves the draft of Five Year plans A7
8 A port where no duties are levied on articles of commerce is called A8
9 The commodity for which India spends the largest amount to import is A9
10 In which industry pure silicon is used A10
11 The signature found in One rupee currency notes in India is of A11
12 Human Poverty Index is determined on the basis of A12
13 The largest revenue in India is obtained from A13
14 Main function of RIDF is A14
15 Million Wells Scheme (MWS) was started in the year A15
16 The gilt-edged market deals in A16
17 ‘Yellow Revolution’ is associated with A17
Imperial Bank of India is now known as A18
19 Kerala’s first bank Nedungadi bank merged with A19
20 Which bank represents India at the International Monetary Fund A20
21 India’s oldest iron and steel industry is A21
22 A cheque in India becomes stale after ……. months A22
23 What is the minimum permissible age for employment in any factory or mine in
India A23
24 ‘India Vision-2020’ plans to attain a GDP growth of A24
25 The first finance company to be converted into a bank in India is A25
Answers
a1 a deliberate excess of expenditure over a2 Kerala

income
a3 Tamilnadu Page 29a4/ 43Jharkhand Page 29

a5 Thungabhadra a6 eliminating exploitation of middlemen
a7 National development council a8 Free port
a9 Petroleum a10 Electronic industry
a11 Secretary, Ministry of Finance a12 Backwardness in the area of Economics

Education and Health
a13 Excise duty a14 Development of village roads,

development of village bridges &
development of marshy places in villages
a15 1988-89 a16 Government securities
a17 Production of cereals a18 Indian Overseas Bank
a19 Punjab National Bank a20 Reserve Bank of India
a21 TISCO at Jamshedpur a22 Six
a23 14 years a24 9%
a25 Kothak Mahindra Finance Ltd
1 A market economy is one in which
(a) products are sold (b) products and factors are bought
(c) products and factors are bought and sold (d) None of these A1
2 Food for work program was introduced during the

(a) Fourth Plan (b) Fifth Plan (c) Sixth Plan (d) Seventh Plan A2
3 Most of the disguised unemployed persons in India are found in

(a) Agriculture (b) Industry (c) Trade (d) Transport A3
4 Which one of the following is not an objective of India's economic planning?

(a) Population Growth (b) Industrial Growth
(c) Self-reliance (d) Employment generation A4
5 The plan Holiday refers to the period

(a) 1965-68 (b) 1966-69 (c) 1967-70 (d) 1978-80 A5
6 India's first private telephone service was launched in 1998 in

(a) New Delhi (b) Mumbai (c) Indore (d) Chennai A6
7 Which of the following Indian Ports became the first Indian Port to cross the 50 MT
mark in 2004-05?
(a) Kolkata (b) Chennai (c) Visakhapatanam (d) Mumbai A7
8 The green rating project run by the centre for science and environment, New Delhi
had insisted to shut down which plants by 2005.
(a) Lead arsenate plants (b) Mercury plants
(c) Silicon plants (d) Iron and Steel plants (e) Cadmium plants A8
9 In India, which of the following Bt crop was not evolved.

(a) Bt Cotton (b) Bt Mustard (c) Bt Rice (d) Bt Cabbage (e) None of these A9
10
Which country became the first hydrogen economy of the world.
(a) Ireland (b) Thailand (c) Switzerland (d) Iceland (e) England A10
11 Which among the following country is the biggest sea food buyer from India.
(a) Japan (b) North Korea (c) China (d) USA (e) None of these A11
12 SEBI has banned Samir Arora from trading in stock markets for 5 years. He was the
chief Investment officer of
(a) Smart Investments (b) Quick money Com
(c) Alliance Capital (d) Smart Savings & Investments (e) None of these A12
13 Largest producer of silk in the world

(a) Russia (b) Switzerland (c) China (d) India A13
14 What is known as golden fibre

(a) Jute (b) Silk (c) Coir (d) None of these A14
15 NCAER is
(a) National Centre for Applied Economics Research
(b) National Commission for Applied Education Research
(c) National Council of Applied Economics Research
(d) National Commission of Applied Economics Research A15
16 The most important small scale industry in India

(a) Handloom (b) Coir (c) Cashew (d) Matchbox A16
17 The SEBI stands for

(a) State Earnings Board of India (b) Securities and Earning Board of India
(c) Securities and Exchange Board of India (d) None of these A17
18 The concept of five year plans in India was introduced by
(a) Jawaharlal Nehru (b) Vallabhai Patel (c) M.Visweshwarayya (d) Gandhiji A18
19 The twenty point programme was first started by

(a) Rajiv Gandhi (b) Indira Gandhi (c) Jawaharal Nehru (d) Narasimha Rao A19
20 The 'Garibi Hatao' slogan was coined by

(a) 1989 (b) 1985 (c) 1979 (d) 1975 A20
21 Decimal coinage was introduced in India in the year.

(a) 1955 (b) 1957 (c) 1960 (d) 1947 A21
22 How many banks were nationalized in 1969?

(a) 12 (b) 13 (c) 14 (d) 19 A22
23 The signature found on a 10 rupee note is that of

(a) The finance Minister of India (b) The Secretary Finance Department
(c) The President of India (d) The Governor, Reserve Bank of India A23
24 The largest public sector industry in India is

(a) Coal (b) Railways (c) Post and Telegraph (d) Indian Oil Corporation A24
25 The Indian state with highest per capita income is

(a) Punjab (b) Haryana (c) Kerala (d) Maharashtra A25

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Answers
C B A A B C C B C D D C C A C
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
A C A B D B C D B A
1 Which is India's largest B P O (Business Process Outsourcing) company?
(a) Progeon (b) Spectramind (c) Technovate (d) None of these A1
2 Pradham Mantri Gram Sadak Yojana (PMGSY) was launched in the year
(a) 2001 (b) 2000 (c) 1999 (d) 1998 A2
3 In the context of stock market, the abbreviation IPO stands for

(a) Immediate Payment Order (b) Internal Policy Obligation
(c) Initial Public Offering (d) None of these A3
4 Which is India's first Euro-II complete car?

(a) Maruti-800 (b) Matiz (c) Tata Safari (d) Fiat Palio A4
5 What does the term "Overgeared Company" mean?

(a) Company doing extremely well (b) Company deeply in debt
(c) Company running satisfactorily (d) None of these A5
6 Which is India's largest Mutual Fund organisation?

(a) GIC (b) SBI (c) UTI (d) ICICI A6
7 "Xtra Premium" is a hi-octane petrol marketed by

(a) Indian Oil (b) Bharat (c) Hindustan (d) None of these A7
8 Slogan 'The World's local Bank' is associated with

(a) HSBC (b) American Exp (c) ABN Amro (d) Standard Charted A8
9 In India, the concepts of "minimum needs" and "directed anti-poverty programmers"

were innovations of the
(a) Fourth Five-Year Plan (b) Fifth Five -Year Plan
(c) Sixth Five-Year Plan (d) Seventh Five-Year Plan A9
10 Repo rate is the rate at which

(a) the Reserve Bank of India lends to State governments
(b) the international aid agencies lend to Reserve Bank of India
(c) the Reserve Bank of India lends to banks
(d) the banks lend to Reserve Bank of India A10
11 In the last one decade, which one among the following sectors has attracted the
highest Foreign Direct Investment inflows into India?
(a) Chemicals other than fertilisers (b) Services sector
(c) Food processing (d) Telecommunication A11
12 Consider the following companies:

1. Voltas 2. Titan Industries 3. Rallis India 4. Indian Hotels
Which of the above companies are in the Tata Group of industries?
(a) 1 and 2 (b) 2, 3 and 4 (c) 1, 3 and 4 (d) 1, 2, 3 and 4 A12
13 Standard 18-carat gold sold in the market contains

(a) 82 parts gold and 18 parts other metals
(b) 18 parts gold and 82 parts other metals
(c) 18 parts gold and 6 parts other metals
(d) 9 parts gold and 15 parts other metals A13
14 Income Tax contributes ____ per rupee to the Central Government's total revenue.
(a) 20 paisa (b) 13 paisa (c) 11 paisa (d) 8 paisa A14
15 Which one of the following is not among the sources of revenue for the Union?
(a) Land revenue
(b) Custom duties including export duties
(c) Duties excise on tobacco and other goods manufactured or produced in India,
except alcoholic liquors, opium, Indian hemp
Page 33 and
/ 43 other narcotic drugs Page 33
(d) Taxes on income other than agricultural income A15
16 SEBI has introduced "rolling settlement " for selected shares. What does this mean?
(a) All shares have to be paid on the day of purchase
(b) Purchases have to make advance payment for the shares
(c) Purchase can be set off against sales
(d) Payment has to be settled at the end of the fifth day A16
17 Which of the following Mahatma Gandhi series of currency notes issued by the RBI
has "agricultural operations" depicted on it?
(a) Rs. 100 (b) Rs. 50 (c) Rs. 10 (d) Rs.5 A17
18 Apart from financing directly, through which of the following agencies the
commercial banks finance credits?
(a) NABARD (b) Rural Banks (c) Cooperative societies (d) State governments A18
19 Which of the following agencies does not finance local bodies for infrastructural
development?
(a) LIC (b) HUDCO (c) CRISIL (d) ILFS A19
20 Excise duty on a commodity is payable with reference to its

(a) Production (b) Production and sale
(c) Production and transportation (d) Production, transportation and sale A20
21 India occupies first position in the production of which of the following?

(a) Milk (b) Vegetable (c) Software (d) Meat (e) None of these A21
22 Kelkar Committee was appointed for reviewing

(a) VAT (b) Income Tax (c) IIM fees restucturing (d) Godhra issue (e) None of these A22
23 The budget is constitutionally defined as

(a) Annual financial statement (b) Record of governments income and expenditure
(c) Record of financial estimate (d) Statement of government financial
24 'G' in 'G'-Sec' stands for

(a) Government Securities (b) Global Securities
(c) General Securities (d) Group Securities (e) None of these A24
25 In a free economy inequalities of income are mainly due to

(a) free competition
(b) private property only
(c) private property and inheritance
(d) difference in the marginal productivity of labour A25

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a1 a2 a3 a4 a5 a6 Pagea8
a7 34 / 43
a9 a10 a11 a12 a13 a14 a15 Page 34
D B C B B C A A B B D D C C A
D B C B B C A A B B D D C C A
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D D B C A A B A A C
1 What was the objective of constructing Central and State Warehousing
Corporations?
(a) To process perishable agricultural products
(b) Storage facility
(c) Distribution centres for fertilisers and seeds
(d) Bulk stores of FCI, STC and MMTC. A1
2 When was the quantitative restrictions on most of the imports lifted by India as a
follow-up of the W.T.O agreements?
(a) 1st April, 2001 (b) 1st October,1999 (c) 1st January, 2000 (d)1st April, 1998 A2
3 Which amongst the following banks merged with the ICICI Bank?
(a) Global trust Bank (b) Bank of Madura
(c) Tamil Nadu Mercantile Bank (d) New Bank of India A3
4 Which category of Indian stocks have been most sensitive to the fluctuations of the
stock prices on the 'NASDAQ'?
(a) ICE (b) Commodities (c) pharmaceuticals (d) Textiles A4
5 Which amidst the following is a demand pull factor causing inflation?

(a) Non-plan expenditure (b) Increasing indirect taxes
(c) Administered prices (d) Subsidies A5
6 Over the past fifty year's period, in which of the following categories, the average
yield (in quintals per hectare) of food-grains showed the highest increase in India?
(a) Rice (b) Wheat (c) Pulses (d) Maize A6
7 Where is India's 'Silicon Valley' situated?

(a) Dehradun (b) Bangalore (c) Hyderabad (d) Srinagar A7
8 After quantitative restrictions were lifted, what prevents large scale availability of
imported used cars in India?
(a) Low cost of good cars manufactured in India
(b) Extent of import duty and the expired life of the car
(c) Pollution norms and right-hand drive features
(d) Both (b) and (c) above A8
9 At Break-Even point, there is

(a) Profit (b) Loss (c) No loss no profit (d) Income A9
10 Which one of the following is not a function of the State Finance Corporation?
(a) Underwrites issue of stocks, shares, debentures
(b) Advances loans to industrial concerns
(c) Directly subscribes to the shares of Industrial concerns
(d) Subscribes to the debentures floated by the Industrial concerns A10
11 The input-output analysis is often called as

(a) Cost-benefit analysis (b) Marginal cost analysis
(c) Inter-industry analysis (d) None of the above A11
12 Classical economists mainly emphasised full employment through

(a) Lower profit (b) Lower money wages
(c) Decreasing money supply (d) Lower rate of interest A12
13 Imputed gross rent of owner-occupied buildings is a part of

(a) Capital formation (b) Final consumption
(c) Intermediate consumption (d) Consumer durable A13
14 Excess of earnings of any factor of production over its minimum supply price is
known as
Page
(a) Profit (b) Rent (c) Opportunity cost (d)36 / 43 cost
Marginal A14 Page 36
15 What causes marginal returns to vary from increasing returns to diminishing
returns?
(a) Unequal efficiency of different units of variable factor
(b) Increase in fixed costs
(c) Unequal efficiency of labour employed
(d) When we move beyond the optimum output A15
16 The main determinant of real wages is

(a) Extra earnings (b) Nature of work
(c) Promotion prospects (d) Purchasing power of money A16
17 Unforeseen obsolescence means loss of value of fixed assets due to

(a) Change in the technique of production (b) Change in fashion
(c) Sudden change in demand (d) Natural calamities like floods, fire, etc. A17
18 Which of the following is not included in the National Income?

(a) Imputed rent of owner occupied houses
(b) Government expenditure on making new bridge
(c) Winning a lottery
(d) Commission paid to an agent for sale of a house A18
19 One of the essential conditions of perfect competition is

(a) Different prices for identical products
(b) Large number of buyers and sellers
(c) Large number of buyers and less number of sellers
(d) Only one seller in the market A19
20 'Ceteris Paribus' means

(a) Ignoring everything (b) Including each component
(c) All other things unchanged (d) Everything variable A20
21
Grand Vitara XL-7 is a vehicle launched by?
(a) Ford (b) GM (c) Maruti Suzuki (d) Hyundai A21
22 The catchline 'The joy of flying' is associated with

(a) Jet Airways (b) Sahara Airlines (c) Indian Airlines (d) Air India A22
23 'Suvidha' fixed deposits scheme has been launched by

(a) ICICI bank (b) City Bank (c) State Bank of India (d) IDBI A23
24 Which one is not a product from Daburs?

(a) Real Juice (b) Vatika Shampoo (c) Sona Chandi Chwanprash (d) Amla Hair oil A24
25 "Cook food. Serve love" punch line is associated with

(a) Bharat gas (b) Indane (c) LG Micro oven (d) Super flame A25

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Page
(Click on the Question Number 37 / 43
to return to the corresponding Question) Page 37
B A B A A B B D C C A D B C D
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D A C B D C A D D A
1 The Finance commission is appointed every ____ years or earlier
(a) 3 (b) 4 (c) 5 (d) 7 A1
2 Ad Valorem means, according to

(a) valid rules (b) existing rules (c) value (d) excise rules A2
Match List I with List II and select the correct answer using codes given below the
3
Lists:
List I List II
(Abbreviation) (Nature of Work)
A CART 1 Small Industries
B ICICI 2 Agricultural Marketing
C NAFED 3 Rural Technology
D NSIC 4 Financial Institution
A B C D
(a) 3 4 2 1
(b) 1 2 4 3
(c) 4 3 1 2
(d) 1 3 4 2
A3
4 In the official industrial policy formulation, a small industry is defined as a unit

having investment up to
(a) Rs. 50 Lakh (b) Rs. 1 Crore (c) Rs. 60 Lakh (d) Rs. 65 Lakh A4
The Co-operative Credit Societies have a
(a) two-tier structure (b) three-tier structure
(c) four-tier structure (d) none of these A5
6 Which of the following operates at the district level?

(a) State Co-operative Bank (b) Central Co-operative Bank
(c) Primary Agricultural Credit Society (d) The Reserve Bank of India A6
7 Land Development Banks provide credit to farmers for

(a) short-term needs (b) medium-term needs
(c) long-term needs (d) none of these A7
8 The Agricultural Prices commission was set up in

(a) 1947 (b) 1951 (c) 1965 (d) 1974 A8
9 The largest rice-producing state in India is

(a) West Bengal (b) Kerala (c) Uttar Pradesh (d) Bihar A9
10 AGMARK is
(a) co-operative for egg production
(b) regulated agricultural market
(c) farmers Co-operative
Page 39 / 43
(d) a quality guarantee stamp for agricultural and allied commodities A10 Page 39
11 The basic objectives of the Public Distribution System are
(a) to improve distribution of basic goods
(b) to control process of essential commodities
(c) to maintain good quality at low cost to bring stability in prices
(d) all the above A11
12 As per the Banking Regulation Act, every scheduled bank of India is required to
deposit some cash against its total deposits with RBI, is called
(a) Bank Rate (b) Bank Reserve Ratio (c) Cash Reserve Ratio (d) None of these A12
13 The father of political economy is

(a) T.R. Malthus (b) Adam Smith (c) Karl Marx (d) J.M. Keynes A13
14 Primary sector refers to

(a) Industry (b) Agriculture (c) Trade (d) Banks A14
15 'Zamindari' system was abolished in India in

(a) 1950 (b) 1954 (c) 1958 (d) 1960 A15
16 FCI stands for

(a) Food Committee of India (b) Food Company of India
(c) Fiscal Committee of India (d) Food corporation of India A16
17 Which is the most populous country in the world?
(a) India (b) China (c) USA (d) Russia A17
18 India has about ____ population of the world

(a) 13% (b) 14% (c) 16.7% (d) 16% A18
19 India is a/an
(a) Advanced economy (b) Backward economy
(c) Developing economy (d) None of these A19
20 Disguised unemployment means

(a) Workers not getting jobs
(b) Number of worker engaged in work are more than required
(c) Workers who are not willing to work
21 Consumer Protection Act was passed in

(a) 1947 (b) 1950 (c) 1986 (d) 1964 A21
22 Which of the following is not an agro-based industry?

(a) Cotton textile manufacturing (b) Packing
(c) Canning and preservation of fruit and vegetables (d) Steel manufacturing A22
23 NREP was launched to check

(a) Unemployment (b) Population (c) Brain drain (d) All the above A23
24 About 40% of India's population is
(a) Below 14 years (b) Between 14 & 60 years
(c) Between 60 & 70 years (d) Above 70 years A24
25 Removal of poverty was the main objective of which Five Year Plan?
(a) First (b) Third (c) Fifth (d) Seventh A25
Answers

C C A B B B C C A D D C B B B
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
D B C C B C D A A C
1 Which factor from the following is principally responsible for the poverty level in
India
(a) Lack of adequate production of food grains in India
(b) Inadequate PDS network
(c) Regional disparities in productivity of food grains
(d) Inadequate purchasing power A1
2 In a capitalistic economy there is

(a) Maximum production (b) Full employment (c) Efficient use of resources A2
3 Debenture holders of a company are its

(a) Creditors (b) Share holders (c) Directors (d) Debtors A3
4 Who among the following Indian economists had done the pioneering work on
national income
(a) P.N. Dhar (b) Prof. Shenoi (c) Jagdish Bhagwati (d) V.K.R.V. Rao A4
5 One of the essential qualities of a ‘share’ in a public limited company is that it is

(a) non-transferable (b) easily transferable (c) transferable after 10 years A5
6 Who among the following is associated with ‘Microsoft’

(a) Andrew Grove (b) Ted Twiner (c) Bill Gates (d) Rupert Murdoch A6
7 Which one is the cheapest form of transport in India

(a) Railways (b) Inland waterways (c) Roadways (d) Oceanic waterways A7
8 Prime Minister’s Rozgar Yojana aims at helping

(a) Handicapped people (b) Youth of the weaker sections
(c) Educated unemployed urban youth (d) Women A8
9 NABARD is a
10
(a) Bank (b) Bureau (c) Board
Mechanization of agriculture will lead to

A9
(a) Higher dose of employment (b) Higher per unit cost of operation
(c) Higher per unit production (d) Higher utilization of resources A10
11 Which of the following is not a function of the Reserve Bank of India

(a) Accept deposits above Rs. 1 Crore and above for terms of 5 years
(b) The banker to Govt. of India
(c) Issue currency notes
(d) The baker to banks A11
12 Wood is the raw material for the manufacture of

(a) Paper (b) paint (c) Gun powder (d) Ink A12
13 The largest contributor to India’s GDP is

(a) Manufacturing sector (b) Agricultural sector (c) Service sector A13
14 Sources of Bank’s incomes are

(a) Rebate on discount bills (b) Interest on loans and investments
(c) Interest on advances (d) All of these A14
15 Of the following organizations, the easiest to wind up is the

(a) Multinational corporation (b) Public limited company
(c) Partnership firm (d) Private limited company A15
16 These days a person’s social status is determined by his

(a) Birth (b) Occupation (c) Degree of moral (d) Land A16
17 The early cities rested on the foundation of

Page 42
(a) Taxation (b) Forced labour (c) Slavery (d)/ All
43 the above A17 Page 42
18
18 According to Marx the first historical act of society is
(a) Distribution (b) Production (c) Labour (d) Conflict A18
19 Which of the following is not a feature of joint family

(a) Small size (b) Common occupation (c) Common religion (d) Joint property A19
20 Basic measure of population distribution is

(a) Sex ratio (b) Death rate (c) Density (d) Birth rate A20
21 The most fundamental division of a class in any society is found between the
(a) agriculturalists (b) theist and atheist (c) rich and poor (d) commoners and rulers A21
22 India exports Iron ore to which country

(a) Japan (b) Sri Lanka (c) Australia (d) Iraq A22
23 Stainless Steel plant is located at

(a) Trivandrum (b) Madras (c) Salem (d) Jamshed pur A23
24 Which of the state in India produces largest quantity of petroleum

(a) Bihar (b) Maharashtra (c) Kerala (d) Assam A24
25 Which of the following states is the largest producer of cashew nuts in India
(a) Tamil Nadu (b) Assam (c) Kerala (d) Karnataka A25

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B A A B B C B C A B&C A A C D C
a16 a17 a18 a19 a20 a21 a22 a23 a24 a25
B D B A C C A C D C

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1 The minimum number of persons required to get a cooperative society registered is

(a) 7 (b) 10 (c) 20 (d) 40 A1

2 Which city is called Manchester of India?

3 Which state has the highest growth rate in population?

4 Which of the following is not an agro-based industry?

5 Elementary education covers children in the age group

6 Which among the following is an indirect tax?

7 Rising trend in share prices is called

8 Which was the first mutual fund in India?

9 Banks which help in foreign trade are

10 The return on debentures is called

11 'White goods' are

The Present coinage system in India was introduced?

(a) 1935 (b) 1952 (c) 1957 (d) 1937 A12

13 Ninth Five Year Plan period is

14 The first Industrial Policy Resolution was presented in

15 Reserve Bank of India is the country's

16 Reserve Bank of India issues all currency in India except

17 The important plantation crop produced in India is

18 The highest area under irrigation is in the state of

19 When was Employees Provident Fund Act enacted?

20 The Eighth Five Year Plan covers

22 The rate of growth projected in the Eighth Five Year Plan is

23 Name associated with Green Revolution is

24 The largest deposits of uranium in India are found in

25 Mica is abundantly found in the state of

a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

3 Ankaleshwar in India is known for the production of

4 Zero Coupon Bonds are that variety of loans

5 Which brand/company uses the ad line "We know India better"?

6 The part of profit or other surpluses of a company distributed proportionately

7 NABARD stands for

8 Ashok Leyland is owned by the

10 Nandan Nilekani is associated with which company?

11 'Bottle neck inflation' means

12 Recession in the market implies

13 Which is the largest tea producing country in the world?

14 Which one of the following is not manufacturing mobile telephone handsets?

15 BPO is an abbreviation for

16 Suvidha Fixed Deposit scheme was launched by which bank?

19 K.L.M. Royal Airlines belongs to

20 Which company uses the ad line, 'Knowing is everything'?

21 In the recent past, Reliance has found the gas in..........

23 The main cause of International Trade is

24 Which of the following is not a Central Government tax?

25 Through which agency do the commercial banks finance rural credit?

a1 a2 a3 a4 a5 a6 a7 a8 a9 a10 a11 a12 a13 a14 a15

4 Rourkala Steel Plant is located in which state A4

5 Which state known as the ‘Silk State’ of India A5

6 The region known as the ‘Rice-Bowl’ of India is A6

7 Which Indian state leads in the production of cotton A7

8 Which is the largest rubber producing state in India A8

9 Firozabad in U.P is famous for ………… industry A9

11 Ranigiri in Andhra Pradesh is famous for A11

12 Which city is known as the silicon valley of India A12

14 Command Area Development Program was launched to A14

15 The oldest oil refinery in India is located in A15

16 Reserve Bank of India was established in the year A16

Industrial Finance Corporation of India (IFCI) was established in the year

19 IDBI was setup in the year A19

20 SIDBI was setup in the year A20

21 NABARD was established in the year A21

22 HUDCO was setup in the year A22