Indian Economics for SSC Exam

Economics

1. National Sample Survey Organisation (NSSO) was established in?

(A) 1950

(B) 1951

(C) 1952

(D) 1947

2. Which state stands first in the length of roads in the country?

(A) U. P.

(B) M. P.

(C) Maharashtra

(D) Rajasthan

3. When was Focus Market Scheme introduced?

(A) 2003-04

(B) 2004-05

(C) 2005-06

(D) 2006-07

4. The central banking functions in India are performed by the?

I. Central Bank of India

II. Reserve Bank of India

III. State Bank of India

IV. Punjab National Bank

A. I, II

B. II

C. I

D. II, III

5. Gilt-edged market means

A. bullion market

B. market of government securities

C. market of guns

D. market of pure metals

6. In the last one decade, which one among the following sectors has attracted the highest

foreign direct investment inflows into India?

A. Chemicals other than fertilizers

B. Services sector

C. Food processing

D. Telecommunication

7. Devaluation of a currency means

A. Reduction in the value of a currency vis-a-vis major internationally traded currencies

B. Permitting the currency to seek its worth in the international market

C. Fixing the value of the currency in conjunction with the movement in the value of a basket of

pre-determined currencies

D. Fixing the value of currency in multilateral consultation with the IMF, the World Bank and

major trading partners

8. The chairman of the 13th Finance Commission is

A. Vijay L.Kelkar

B. Millen Kuamr Banerjee

C. C.Rangarajan

D. C.K.Jaffer Sheriff

9. Decimal coinage was introduced in India in the year

A. 1850

B. 1957

C. 1955

D. 1960

10. The Tenth Plan period was from

A. 1900–1995

B. 1992–1997

C. 2002–2007

D. 2007–2012

11. National Rural Development Institute is situated at

A. Patna

B. Shimla

C. Hyderabad

D. New Delhi

12. Who introduced cooperative society in India?

A. Lord Curzon

B. Lord Wavell

C. Lord Rippon

D. Lord Cornwallis

13. Which Indian got Nobel Prize for Economics?

A. Khorana

B. C.V.Raman

C. Teressa

D. Amarthiya Sen

14. The Headquarter of RBI is in

A. Delhi

B. Nasik

C. Mumbai

D. Kanpur

15. National Income estimates in India is prepared by

A. RBI

B. C.S.O.

C. Finance Ministry

D. Planning Commission

16. Dalal street is situated at

A. Paris

B. Mumbai

C. London

D. New Delhi

17. On July 12, 1982, the ARDC was merged into

A. RBI

B. NABARD

C. EXIM Bank

D. None of the above

18. The first wholly Indian Bank was set up in

A. 1794 

B. 1894

C. 1896 

D. 1902

19. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

A. Reliance Energy

B. Essar Oil

C. GAIL

D. ONGC

20. The former name of State Bank of India was

A. Central Bank of India

B. United Bank of India

C. Imperial Bank of India

D. People’s Bank of India