Indian Economy General Knowledge Questions and Answers for SSC and Bank Exams
As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
(A) 7 to 8%
(B) 8.0% to 8.5%
(C) 9% to 9.5%
(D) 10 to 10.5%
Correct Answer : B
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.
Inflation in India is measured on which of the following indexes / indicators?
(A) Gross Domestic Product (GDP)
(B) Wholesale Price Index (WPI)
(C) Cost of Living Index (CLI)
(D) Consumer Price Index (CPI)
Correct Answer : B
In which year was the Golden Jubilee Urban Employment Scheme launched?
(A) 1995
(B) 1990
(C) 2000
(D) 1997
Correct Answer : D
In which industry sector has India had more success?
(A) Computer Hardware
(B) Computer Software
(C) both
(D) None of these
Correct Answer : B
Which multinational company bought 'Thums Up' brand of Parle Group?
(A) Nokia
(B) Reebok
(C) L. G.
(D) Coca-Cola
Correct Answer : D
___________ unemployment happens when people are not able to find jobs during some months of the year.
(A) Disguised
(B) Educated
(C) Seasonal
(D) None of the above
Correct Answer : C
The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
(A) 2002
(B) 2006
(C) 2004
(D) 2008
Correct Answer : B
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Externality theory is the basic theory of the following branch of Economics–
(A) International Economics
(B) Environomics
(C) Fiscal Economics
(D) Macro Economics
Correct Answer : B
‘Functional Finance’ is associated with–
(A) Abba ‘P’ Lerner
(B) Adolph Wogner
(C) Adam Smith
(D) Adams
Correct Answer : A
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–
(A) PLR
(B) Fixed Asset
(C) SLR
(D) CRR
Correct Answer : D
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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