MCQs
Total Questions : 650
| Page 10 of 65 pages
Answer: Option C. -> Reserve Bank of India
Answer: (c)The Reserve Bank of India is the main monetary authority of the country and beside that the central bank acts as the bank of the national and state governments. It formulates, implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors.
Answer: (c)The Reserve Bank of India is the main monetary authority of the country and beside that the central bank acts as the bank of the national and state governments. It formulates, implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors.
Answer: Option C. -> IRDA
Answer: (c)
The Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body that regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999.
The IRDA Act, 1999 was passed as per the major recommendation of the Malhotra Committee report (1994) which recommended the establishment of an independent regulatory authority for the insurance sector in India. Later, It was incorporated as a statutory body in April 2000.
Answer: (c)
The Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body that regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999.
The IRDA Act, 1999 was passed as per the major recommendation of the Malhotra Committee report (1994) which recommended the establishment of an independent regulatory authority for the insurance sector in India. Later, It was incorporated as a statutory body in April 2000.
Answer: Option C. -> July, 1964
Answer: (c)IDBI Bank, formerly known as Industrial Development Bank of India, was established in 1July 964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It is headquartered in Mumbai, Maharashtra. It is one of 27 commercial banks owned by the Government of India.
Answer: (c)IDBI Bank, formerly known as Industrial Development Bank of India, was established in 1July 964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It is headquartered in Mumbai, Maharashtra. It is one of 27 commercial banks owned by the Government of India.
Answer: Option D. -> Neither 1 nor 2
Answer: (d)Currency notes and coins are called fiat money. They don’t have intrinsic value like a gold or silver coin. The currency-deposit ratio measures the relationship between the cash people have on hand and what they have in their accounts.
Answer: (d)Currency notes and coins are called fiat money. They don’t have intrinsic value like a gold or silver coin. The currency-deposit ratio measures the relationship between the cash people have on hand and what they have in their accounts.
Answer: Option B. -> Iron & Steel Industry
Answer: (b)
Workers in the Iron and Steel industry hold more than 2000 different types of jobs.
About 80 per cent of all workers are directly engaged in moving raw materials and steel products about the plants, making iron and steel products, and maintaining the vast amount of machinery used in the industry.
In addition, other workers are needed to do clerical, sales, professional, technical, administrative and supervisory works.
Answer: (b)
Workers in the Iron and Steel industry hold more than 2000 different types of jobs.
About 80 per cent of all workers are directly engaged in moving raw materials and steel products about the plants, making iron and steel products, and maintaining the vast amount of machinery used in the industry.
In addition, other workers are needed to do clerical, sales, professional, technical, administrative and supervisory works.
Answer: Option A. -> Foreign Investment
Answer: (a)
Special Economic Zone (SEZ) was established in India with the objectives of:
Generation of additional economic activity;
Promotion of exports of goods and services;
Promotion of investment from domestic and foreign sources;
Creation of employment opportunities;
Development of infrastructure facilities.
It aimed to attract larger foreign investments.
Answer: (a)
Special Economic Zone (SEZ) was established in India with the objectives of:
Generation of additional economic activity;
Promotion of exports of goods and services;
Promotion of investment from domestic and foreign sources;
Creation of employment opportunities;
Development of infrastructure facilities.
It aimed to attract larger foreign investments.
Answer: Option B. -> Income of an individual under a threshold value published by Government of India
Answer: (b)
The poverty line in India defines a threshold income; households earning below this threshold are considered poor.
In 2011, the Suresh Tendulkar Committee defined the poverty line on the basis of monthly spending on food, education, health, electricity and transport.
According to this estimate, a person who spends Rs.27.2 in rural areas and Rs.33.3 in urban areas a day are defined as living below the poverty line.
Answer: (b)
The poverty line in India defines a threshold income; households earning below this threshold are considered poor.
In 2011, the Suresh Tendulkar Committee defined the poverty line on the basis of monthly spending on food, education, health, electricity and transport.
According to this estimate, a person who spends Rs.27.2 in rural areas and Rs.33.3 in urban areas a day are defined as living below the poverty line.
Answer: Option C. -> production of crops for sale
Answer: (c)
Commercial agriculture is the large-scale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets.
In commercial farming crops such as wheat, maize, tea, coffee, sugarcane, cashew, rubber, banana, and cotton are harvested and sold into world markets.
Answer: (c)
Commercial agriculture is the large-scale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets.
In commercial farming crops such as wheat, maize, tea, coffee, sugarcane, cashew, rubber, banana, and cotton are harvested and sold into world markets.
Question 99. Consider the following statements:
- The Central Statistical Organisation (CSO) is responsible for calculating the consumer price indices for urban non-manual employees.
- National Sample Survey Organisation (NSSO) collects data for estimating national income.
- NSSO collects rural retail price on monthly basis for calculating Consumer Price Index.
- CSO conducts periodic economic census to collect data on unorganised enterprises.
Answer: Option C. -> 1, 2, 3 and 4
Answer: (c)
Answer: (c)
Answer: Option B. -> TCS
Answer: (b)
Tata Consultancy Services (TCS) is India’s top software services exporter. TCS is part of the Tata Group conglomerate that also manufactures cars and steel, and serves customers including Citigroup Inc and BP Plc.
It is one of India’s most valuable companies and is the largest India-based IT services company by 2012 revenues.
Answer: (b)
Tata Consultancy Services (TCS) is India’s top software services exporter. TCS is part of the Tata Group conglomerate that also manufactures cars and steel, and serves customers including Citigroup Inc and BP Plc.
It is one of India’s most valuable companies and is the largest India-based IT services company by 2012 revenues.
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