General Studies

1. SEBI was established in –

Ans:- 1988.

2. The function of SEBi includes -

Ans:- (i) To regulate the dealings of share market

          (ii) To check the foul dealings in share market.

          (iii) To control the inside trading of share

3. The “Ad hoc Treasury Bill System” of meeting budget deficit in India was replaced by “Ways wand means Advances System” which has come into force on –

Ans:- April 1, 1997.

4. Asian Development Bank has opened its Residential Office in –

Ans:- New Delhi.

5. Which foreign bank has got the maximum number of branches in India?

Ans:- Standard chartered Bank.

6. Can IMF give loans to non-member countries?

Ans:- It grants loan only to member nations

7. Centarl Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?

Ans:- Price for APL is double of BPL price.

8. Which sector shows the lowest growth rate?

Ans:- Agriculture.

9. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in –

Ans:- Rural Post Offices.

10. The targeted Incremental capital-output ratio for  9^th plan was –

Ans:- 4.3 .

11. The Head Quarter of CAPART is situated at –

Ans:- New Delhi.

12.  Which country holds maximum branches from Indian banks?

Ans. U.K

13. Which Committee recommended tax on Agriculture Holdings?

Ans:- Raj Committee.

14. The cause of deflation is –

Ans:- Lack of money supply as compared to supply of goods and services .

15. Which of the following is a better measure of economic development?

Ans:- National Income .

16. Which bank in India performs duties of Central Bank?

Ans:- Reserve Bank of India.

17. “India Brand Equity Fund” was established in –

Ans:- 1996.

18. Mixed Economy means –

Ans:- Co-existence of public and private sectors.

19. Which statement of the following is true regarding India’s foreign trade over past three years?

Ans:- Both import and export increased .

20. Foreign currency which has a tendency of quick migration is called –

Ans:- Hot currency .

21. Indian State having the lowest  Infant Mortality Rate is –

Ans:- Kerala.

22. Recently, the base year for the Index of Industrial production has been changed to –

Ans:- 2011-12.

23. The main objective of  TRYSEM was –

Ans:- To train rural youth for self employment .

24.  The establishment of  IORARC (Indian Ocean Rim Association for Regional Co-operation) was officially declared on –

Ans:- March 5, 1997.

25. Inside Trading is related to –

Ans:- Share Market .

26. The largest source of National Income in India is –

Ans:- Service Sector.

27. “Public Sector” means –

Ans:- Government ownership on commerce and trade.

28. NABARD is  –

Ans:-  A bank.

29. Indian Green Revolution is the most successful in –

Ans:- Wheat and Rice .

30. The period of 10^th plan in India is –

Ans:- 2002-2007.

31. Economic Planning is in –

Ans:- Concurrent list .

32. Presently  bank rate of  India is  -

Ans:- 5.75%.

33. What proportion of total oil consumption is imported by India?

Ans:- 88%.

34. MRTP is related to –

Ans:- Monopoly and trade restrictions.

35. Interest Rate Policy is a part of –

Ans:- Monetary Policy.

36. The basis of determining dearness allowance to employees in India is –

Ans:- Consumer price Index

37. The State having the highest literacy rate among woman in India is –

Ans:- Kerala.

38. IRDP was introduced in the year –

Ans:- 1978-79

39. The average total expenditure of the central govt. Envisaged in the 10^th Plan is –

Ans:- 15.6%.

40. The industry having the largest investment in India Economy is –

Ans:- Steel.

41. BCCI is –

Ans:- An International Banking Organisation.

42. Who are the  classical economist?

Ans:- Adam Smith, Davi, Ricardo, Thomas Robert Malthus, Jean-Baptiste say, John Stuart Mill.

43. The outlines of second five year plan was –

Ans:- P.C. Mahalanobies .

44. The main aim of fifth year plan was –

Ans:- (i) Poverty elimination

           (ii) Self dependence

45. NABARD was established in –

Ans:- Sixth Plan.

46.  Who was the chairman of Tax Reform Committee?

Ans. Raja Chelliah.

47. India gets the largest share of GDP from which Sectors

Ans. Service Sector

48. Presently what is the Repo rate of India?

Ans. 5.50%

49. Which committee was associated with indirect taxes Reforms ?

Ans. Rekhi Committee

50. The Regional Rural Banks were established on the recommendations of which committee on Rural Credit?

Ans. Narsimha Committee.

51. Kelkar Committee was associated with -

Ans. Tax Reforms.