Top 10 General Knowledge | Indian Economy Facts | Part-11
1. Which of the following is not a public sector bank?
(a) Dena bank
(b) Standard charted bank
(c) Indian overseas bank
(d) Syndicate bank
Ans. (b) Standard charted bank.
2. Which of the following is not the function of Reserve Bank of India?
(a) Banker to the government
(b) Printing of currency
(c) Custodial of foreign reserve
(d) Minting of coins
Ans. (d) Minting of coins.
3. NBFCs stands for……?
(a) Net banking financial services
(b) Non banking financial companies
(c) National banks fiscal services
(d) Net banking fiscal services
Ans. (b) Non banking financial companies.
4. Which of the following statement is/are correct about Reserve Bank of India?
i. It was established in 1935.
ii. It was nationalized on December, 1950.
iii. Its headquarter is in Mumbai
Options are:
(a) Only i & iii
(b) Only ii & iii
(c) Only iii
(d) Only i & ii
Ans. (a) Only i & iii.
5. Open market operations (OMOs) are related to…?
(a) Fiscal policy
(b) Monetary policy
(c) Labour policy
(d) Agricultural policy
Ans. (b) Monetary policy.
6. Which of the following sector is not covered under the Bharat Nirman Programme?
(a) Health & Nutrition
(b) Irrigation
(c) Roads
(d) Housing
Ans. (a) Health & Nutrition.
7. What is the duration of fourth five year plan?
(a) From April 1969 to March 1974
(b) From April 1974 to March 1979
(c) From April 1967 to March 1972
(d) From April 1980 to March 1985
Ans. (a) From April 1969 to March 1974.
8. Which of the following statement is not correct about INDIA VISION-2020?
(a) It expects elimination of poverty, unemployment and illiteracy by 2020
(b) It expects that India’s per capita income will get double by 2020
(c) Environment situation will remain as unbalanced as today.
(d) It was designed by the Dr. Sam Pitroda
Ans. (d) It was designed by the Dr. Sam Pitroda.
9. Which of the following statement is correct about International Monetary Fund?
(a) It is headquartered in Geneva
(b) Michael laggard is its current managing director
(c) A member of IMF automatically becomes member of World Bank.
(d) It provided long term loans to its member countries.
Ans. (c) A member of IMF automatically becomes member of World Bank.
10. If the interest rate is decreased in an economy, it will....?
(a) Decrease the consumption expenditure in the economy.
(b) Increase the investment expenditure in the economy.
(c) Increase the tax collection of the Government
(d) Increase the total savings in the economy
Ans: (b) Increase the investment expenditure in the economy.