1. By which band is Monetary policy regulated?
Central Bank
2. Which One feature is distinguishing the Rajya Sabha from the Bidhan Parishad?
Indirect election
3. If the price of an inferior good falls, what about its demand?
Remains constant
4. In which sector is 70% of working population of India engaged?
Primary sector
5. In India, in which banking is the Public Sector is most dominant?
Commercial banking
6. Which is the largest Public Sector Bank in India?
State Bank of India
7. Who is responsible for the collection and publication of monetary and financial information?
Reserve Bank of India
8. With which was Tarapore Committee associated?
Fuller capital account convertibility
9. To which Bill the President must accord his sanction without sending it back for fresh consideration?
Finance Bills
10. Among Indian Economists who had done pioneering work on National Income?
V. K. R. V. Rao
11. Who was the chairman of National Income Committee?
P. C. Mahalanobis
12. How is the contribution of agriculture to India’s economy?
Decreasing
13. Which body finalizes the Five Year Plan proposals?
National Development Council
14. Of which purpose was Nationalization of banks done?
Consolidating the economy
15. Word Bull and Big are associated with which branch of commercial activity?
Share Market
16. Chanda Kochhar leads to which of the organization?
ICICI Bank
17. Of which allocation does Gadgil Formula refer to?
Tax proceeds between the States
18. What is the principal source of revenue to the State Government in India?
Sales Tax
19. By whom was the first attempt to initiate economic planning in India made?
By M. Visvesvaraya
20. Bouncing of cheques has become an offence. What is the punishment for the same?
6 months imprisonment
21. In which year, some more commercial banks in addition to the first lot of 141 were nationalized in India?
1980
22. When did East African Development Bank come into force?
1967
23. Which forms the largest share of deficit in Govt. of India budget?
Fiscal deficit
24. Which scheme was intended to tap the black money?
India Development Bonds
25. Which bank prints currency notes of the denomination of Rs. 100?
The Bank Note Press, Dewas
26. Before 31st August, 1965 how many members were in the Economic and Social Council?
18
27. What is the effect of inflation on tax revenue results in a situation?
Fiscal drag
28. Which part of separated UTI is under SEBI’s regulation?
UTI-II
29. By which bank are the central banking functions in India performed?
Reserve Bank of India
30. From where does the National Stock Exchange functions?
Mumbai