📈 Top 10 Indian Economy Facts You Should Know | Part-09 | GK & Competitive Exam Preparation:
Explore the Top 10 General Knowledge facts about the Indian Economy in Part-09 of this GK series. Learn important economic concepts, institutions, and facts useful for competitive exams, quizzes, and general awareness.💰📚
✨ 01. Which of the following regulates the working of the share markets in India?
(a) MRTP Act
(b) FERA
(c) FEMA
(d) None of these
Ans. (d) None of these.
✨ 02. Which of the following panels was appointed to put forward recommendations of GAAR?
(a) Reddy panel
(b) P. Shome panel
(c) Rangarajan panel
(d) None of these
Ans. (b) P. Shome panel.
✨ 03. Which of the following is the correct order (from highest to lowest) of coffee-producing states in India?
(a) Kerala> Karnataka>Tamil Nadu
(b) Karnataka> Kerala >Tamil Nadu
(c) Maharashtra>Tamil Nadu>Kerala
(d) None of these
Ans. (b) Karnataka> Kerala >Tamil Nadu.
✨ 04. What is MCX-SX?
(a) Third online trading share market in India
(b) A new insurance company that is not registered with the government yet.
(c) Online trading market on paper only.
(d) Online trading market dealing only in gold.
Ans. (a) The third online trading share market in India.
✨ 05. Which of the following options is/are correct about Bharat Nirman Programme?
i. It was launched in December 2007
ii. This scheme wants urban development only
iii. This programme targets mainly six sectors only.
Options are:
(a) Only i & iii
(b) Only i & ii
(c) Only iii
(d) Only ii & iii
Ans. (c) Only iii.
✨ 06. Who regulates finance market in India?
(a) Ministry of Finance
(b) Reserve Bank of India
(c) Ministry of trade and commerce
(d) SEBI
Ans. (d) SEBI.
✨ 07. Which of the following is a credit rating agency?
(a) CRY
(b) IBRD
(c) ICRA
(d) IRDA
Ans. (c) ICRA.
✨ 08. When was COPRA implemented in India?
(a) 1984
(b) 1985
(c) 1986
(d) 1988
Ans. (c) 1986.
✨ 09. The rate at which the RBI gives short term Loan to commercial banks?
(a) Bank rate
(b) Repo rate
(c) Reverse Repo Rate
(d) Prime lending rate
Ans. (b) Repo rate.
✨ 10. Which of the following is a direct tax?
(a) Corporation tax
(b) Custom duty
(c) Excise duty
(d) Service tax
Ans. (a) Corporation tax.
✍️ Final Thought:
Understanding the Indian economy is essential for students, competitive exam aspirants, and anyone interested in national development. These key facts provide valuable insights into India's economic structure, financial institutions, and growth drivers, helping build a strong foundation in general awareness and economics.💹
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