Indian Economy – Questions and Answers For SSC, Bank, RRB

Indian Economy – Questions and Answers For SSC, RRB, BanK

Q. 1. Who is known as the “Father of Economics”?

Ans.  Adam Smith

Q. 2. What is the Accounting year for the Reserve Bank of India ( RBI ) ?

Ans. July – June

Q. 3. The First five year plan was  on

Ans. Harrold Domar Model

Q. 4. ……….Sector contributes the most to Indian Economy ?

Ans. Service Sector

Q. 5. The 1st person to adopt a scientific procedure in estimating the National Income was

Ans. Dr. VKRV Rao

Q. 6. When was the gender Inequality Index introduced in HDR(Human Development Report) Index ?

Ans. 2010

Q. 7. Who releases the Human Development Report Index ?

Ans. United Nations

Q. 8. First -Five Year plan was started in which year ?

Ans. 1951-52

Q. 9.  In 1918, the National Planning Committee was set up under the chairmanship of……..

Ans. Jawaharlal Nehru

Q. 10. Jawahar Rojgar Yojana was launched during which five year plan ?

Ans. Eight Five Year Plan

Q. 11. “Swatch Bharat Abhiyan” was launched in which year ?

Ans. 2014

Q. 12. Rolling Plan was designed for the period…..

Ans. 1978-80

Q. 13. Professor PC Mahalanobi ‘s name is associated with which five year plan ?

Ans. 2nd Five Year Plan

Q. 14. Who appoints the Vice- President of NITI ( National Institution for Transforming India ) Aayog ?

Ans. The Prime Minister

Q. 15. NITI Aayog came into effect from…….year ?

Ans. 1st January, 2015

Q. 16. Who heads the NITI Aayog as its Chairmanship ?

Ans. Prime Minister

Q. 17. What is Head Count Ratio ?

Ans.  It is a popular measure of poverty in India.

Q. 18. Which curve is used to represent the Income distribution ?

Ans. Loreng Curve.

Q. 19. In which year the 1st study of poverty in India was done ?

Ans. In 1870

Q. 20. The 1st study of poverty in India was done by whom ?

Ans. Dada Bhai Naroji

Q. 21. The increase in oil seeds production was due to …….

Ans. Yellow Revolution

Q. 22.  The “Silver Revolution” is associated with……

Ans. Egg / Poultry Productions.

Q. 23.  Kisan Credit Card Scheme was Launched in which year ?

Ans. 2008

Q. 24. Soil Health Card Scheme was started in which year ?

Ans. 2015

Q. 25. How many core industries in India ?

Ans.  8 – Refinery, Coal, Cement, Crude Oil, Steel, Natural Gas, Steel and Electricity.

Q. 26. “Make in India” Scheme was launched in which year ?

Ans. 25th September , 2014.

Q. 27. Name the Scheme that was created for job creation ?

Ans. Start-up- India

Q. 28. The 1st industrial policy in India was announced by the Industrial Minister , Late SP Mukherjee in the year ?

Ans. 1948

Q. 29. Who is known as the “Father of Green revolution”?

Ans.  MS Swaminathan

Q. 30. The NABARD stands for

Ans.  National Bank for Agriculture and Rural Development.

Q. 31. The NABARD ( National Bank for Agriculture and Rural Development. ) was started in which year ?

Ans. 1982

Q. 32. Reserve Bank was set-up in which year ?

Ans. 1935

Q. 33. The 1st Bank established in India is …..

Ans.  Bank of Hindustan in 1770

Q. 34. Banks in India are required to maintain a portion of their demand and time liabilities with Reserve Bank of India , that is called as

Ans. Cash Reserve Ratio (CRR)

Q. 35. The Inperial Bank was set up in which year ?

Ans.  In 1921

Q. 36. Imperial Bank was made with from which 3 banks ?

Ans. Bank of Bengal ( 1809), Bank of Madras(1840), Bank of of Bombay (1843)

Q. 37. Imperial Bank was renamed as…………..in 1955 ?

Ans. State Bank of India

Q. 38. The monetary Policy of India is formulated by ……?

Ans. Reserve Bank of India.

Q. 39. When was the National Stock Exchange of India Ltd. is established ?

Ans.  1992

Q. 40. On which rate, RBI lends short -term money to the banks against securities ?

Ans.  Repo Rate

Q. 41. When was IRDAI was set -up ?

Ans.  1999

Q. 42. The 1st Carbon based Thematic Index in the country launched by Bombay Stock Exchange is……?

Ans. BSE Carbonex

Q. 43. Which Finance Minister presented budget for maximum no. of times ?

Ans. Moraji Desai

Q. 44. The 1st ever live telecast of the railway budget took place in which year ?

Ans. 1994

Q. 45. Which article of Indian Constitution deals with General Budget ?

Ans. Article 112 of Indian Constitution.

Q. 46. Rail Budget was merged into General Budget in the 2017-18 Budget. It is ……..Budget of India ?

Ans. 87th

Q. 47. GST Days was observed on which date ?

Ans.  1st July 2017

Q. 48. GST was introduced as the………..Amendment Act.

Ans. 101

Q. 49. What was the main motive of Third Five Year Plan in India ?

Ans. Agriculture

Q. 50. Gold is mainly related to…..

Ans. International Market


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