Indian Economy-GK Practice MCQ Questions - 06

Question 1

National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

Question 2

Reserve Bank of India was nationalized in the year

Question 3

Devaluation of currency will be more beneficial if

	A. prices of domestic goods remain constant
	B. prices of exports remain constant
	C. prices of imports remains constant
	D. prices of exports rise proportionately

Question 4

Regional rural banks

Question 5

Of the gross tax revenue of the Union Government the indirect taxes account for nearly

Question 6

The current price index (base 1960) is nearly 330. This means that

	A. all items cost 3-3 times more than what they did in 1960
	B. the prices of certain selected items have gone up to 3-3 times
	C. weighted means of prices of certain item has increased 3-3 times
	D. gold price has gone up 3-3 times

Question 7

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

Question 8

Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

Question 9

The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called

Question 10

In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?

I=A large number of farmers are illiterate and know little about scientific agriculture
II=Prices of primary products are lower than those of manufactured products
III=Investment in agriculture has been low when compared to investment in industry

Indian Economy-GK Practice MCQ Questions – 06