1.Starting from the largest which are top 5 trade partner countries of India?

(A)US, China, UAE, Saudi Arab, Germany,

(B)US, China, UAE, Germany, Singapore

(C)US, China, Saudi Arab, Germany, Singapore

2.According to latest data released by the Central Statistical Organization, What is India's per capita income ?

(A)Rs 35,490

(B)Rs 36,490

(C)Rs 37,490

3.Which among the following is a taxable income in India ?

(A)Agricultural Income

(B)Retirement Gratuity Scheme payments

(C)Income from Textile Trade

4.RITES Limited, a Government of India-owned consultancy firm deals in which of the following ?

(A)Mines & Minerals

(B)Transport, infrastructure and related technologies etc.

(C)Industrial Packaging , Drums , Cylinders etc.

5.What was India's net foreign debt flows in 2008-09?

(A)$1.5 billion

(B)$2.5 billion

(C)$3.5 billion

6.Which among the following is not in EM-6? (EM stands for emerging markets)

(A)Brazil

(B)India

(C)Germany

7.As per the World Bank Report which country is the highest recipient of global remittance flow ?

(A)China

(B)India

(C)Mexico

8.World Bank-funded Karnataka Urban Water Sector Improvement Project (KUWASIP), which were recently in news are taken up for which two cities of Karnataka?

(A)Hubli-Dharwad

(B)Coorg-Bidar

(C)Mangalore-Mysore

9.Based on the recommendations of the Board for Restructuring of Public Sector Enterprises, the government has approved revival or restructuring of how many PSU's recently ?

(A)10

(B)15

(C)20

10.As of March 2008, how many state owned companies in India were Loss making enterprises?

(A)45

(B)54

(C)62

11.India Army chief General Deepak Kapoor was on a 5 day official visit to which of the following country ?

(A)France

(B)United States

(C)England

12.Recently , we read in the newspapers about the End-Use Monitoring Agreement. What is the basic idea f this agreement?

(A)United States wants to make sure that material once it is delivered does not go to any other party without consent of US

(B)United States wants to make sure that material once it is delivered & used is returned to US

(C)United States wants to make sure that material once it is delivered & used is disposed and not used to make a Bomb

13.Railtel Corporation of India deals in which of the following ?

(A)Retail on Railways Stalls

(B)Broadband Telecom and Multimedia Network for Train control

(C)E-Retailing of Railway Tickets

14.Who has been recently announced by LTTE as its new Chief ?

(A)Selvarasa Pathmathan

(B)S. P. Thamilselvan

(C)Thileepan

15.Who has been recently felicitated with Mahatma Gandhi International Award for Peace and Reconciliation?

(A)Bill Gates

(B)Aung San Suu Kyi

(C)Ebrahim Ismail Ebrahim

16.To provide reservation to backward sections among minorities, recently Union Minister for Minority Affairs Salman Khursheed said that govt. of putting into action the recommendations of which of the following committees?

(A)Sachar Committee

(B)Tarapore Committee

(C)Mistry Committee

17.Apart from taking a decision to allot two 'Greenfield' sites for commercial nuclear development to United States, India has allotted nuclear 'parks' to which of the following countries?

(A)France only

(B)Russia Only

(C)Both Russia & France

18.Which internet giant has recently launched a free voice-based mobile Internet search facility in India ?

(A)Microsoft

(B)Yahoo

(C)Google

19."Jobspeak" index is an indicator belonging to which of the following job portals?

(A)Naukri.com

(B)Monster.com

(C)Timesjobs.com

20.The Govt has proposed how much amount for the initial corpus of National Fund for Unorganized Sector to provide credit to businesses in the unorganized sector ?

(A)Rs. 800 Crore

(B)Rs. 900 Crore

(C)Rs. 1000 Crore

1.The provision of extra liquidity to an illiquid but a presumably solvent bank by the central bank . This function is performed by which of the following ?

(A)Lender of Last Resort

(B)Offer Angel

(C)Depository bank

2.Why Reserve Bank of India is called custodian of foreign balances of the country ?

(A)Because Govt delegates RBI to redistribute the Foreign Currencies in India

(B)Because RBI maintains both Gold and foreign currencies as reserves against note issues

(C)Because RBI is delegated by the government to absorb all the foreign currency in India

3.Which among the following is defined by any reductions in private consumption or investment that occurs because of an increase in government spending?

(A)Crowding Out Effect

(B)Dishoarding

(C)Fiscal adjustment

4.The term Rolling Settlements is predominantly used in which of the following markets ?

(A)Capitals Market

(B)Commodities Market

(C)Currency Markets

5.The excess of total expenditures over total receipts is known as _____ ?

(A)Fiscal Deficit

(B)Budget Deficit

(C)Revenue deficit

6.Which among the following is a correct definition of Fiscal Deficit ?

(A)Excess of total expenditure over total receipts

(B)Excess of total expenditure over total receipts less borrowings

(C)Excess of total expenditure over total receipts less borrowings and payments

7.Electricity charges for running a tube well comes under which of the following categories?

(A)Factor Payment

(B)Intermediate Consumption

(C)Transfer Payment

8.For which of the following purpose , Rajamanar Committee was constituted ?

(A)Industrial Licensing

(B)Direct Taxes

(C)Centre State Fiscal Relations

9.Which among the following committee was constituted for Monetary System?

(A)Dutt Committee

(B)Wanchoo Committee

(C)Chakravarty Committee

10.Which of the following five year plan was running in 1978-79?

(A)Fourth Five Year Plan

(B)Fifth Five Year Plan

(C)Rolling Plan

11.What is the purpose of allocation function in the economy ?

(A)To reduce inequality in the society

(B)Manage Government Borrowing

(C)Efficient Public Distribution

12.Which of the following committee was related to Foreign Direct Investment ?

(A)NK Singh Committee

(B)Chandra Shekhar Committee

(C)Taraporewalla Committee

13.Which of the following committee was constituted with focus on disinvestment ?

(A)Raja Chelliah Committee

(B)G V Ramakrishna Committee

(C)Chandra shekhar Committee

14.In which year for the first time Government introduced the Industrial Policy Resolution. ?

(A)1948

(B)1950

(C)1952

15.In which year monopolistic and restrictive and restrictive trade practices act became effective?

(A)1969

(B)1970

(C)1972

16.The "Dolex" indicator is related to which of the following financial markets ?

(A)New York

(B)Tokyo

(C)Mumbai

17.All India Kisan Sabha which was first peasants organization of India was constituted in which year ?

(A)1920

(B)1936

(C)1942

18.On June 6, 1966, Indian Rupee faced its highest devaluations ever . By what fraction Rupee was devaluated on this date ?

(A)23.5%

(B)36.5 %

(C)29.3 %

19.In which year RBI was nationalized ?

(A)1969

(B)1949

(C)1959

20.What is the full form of MIBID ?

(A)Mumbai Interbank Bid Rate

(B)Mumbai Interbank Interest Rate

(C)Mumbai Interbank Index Rate

Find the Quiz Answers and send that reply/comment posts. You will get specail prizes too....

1 . Who announced the Industrial Policy of 1956?
A. Sardar Patel

B. Jawaharlal Nehru

C. Balwant Rai mehta

2 . What was set up by Government of India in 1988 with objective of developing multi modal logistics support for India's International and Domestic containerized cargo and trade?
A. Inland Container Depots

B. Container Corporation of India

C. Central warehousing Corporation

3 . SIDO is ..?
A. Small Industries Development Organisation

B. Sick Industries Development Organisation

C. Small Industries Development Office

4 . Consider the following reasons for low productivity in Indian Agriculture?
A. Uneconomic & Fragmented Holdings

B. Inefficient Labor Force

C. No use of HYV seeds
Out of A, B & C which holds true?


5 . Consider the following works:
A. subscribing to share capital of State Warehousing Corporations

B. Acquire buildings and go downs at suitable places

C. arrange facilities for transport of agriculture produce Out of the above three functions, which are performed by Central Warehousing Corporation?


6 . Out of the following which is the cheapest mode of transport?
A. roadways

B. waterways

C. railways


7 . Out of the following three, which mode of transport has maximum fixed cost?
A. Railways

B. Airways

C. Roadways


8 . Out of the following modes of transport , which has the highest variable cost?
A. Road Transport

B. Rail Transport

C. Air transport

9 . Which mode of transport has minimum fixed cost ?
A. water Transport

B. Air Transport

C. Road Transport

10 . Pipelines has a mode of transport has …?
A. Highest Fixed Cost and Lowest Running Cost

B. Highest Running Cost and Lowest Fixed Cost

C. Lowest Fixed Cost and Lowest Running Cost


11 . Which among the following will be most efficient for short-hauls of high-bulk high- value goods?
A. Truck

B. Train

C. Ship

12 . Which source makes possible to transport product from source to market directly ?
A. Ship

B. Air

C. Pipeline


13 . Consider the following factors:
A. High Investment in industries

B. expanding market for product

C. dynamic entrepreneurship
which of them are required for accelerated growth of an economy ?


14 . Which among the following is a bulk import of our country?
A. Non-electrical machinery

B. Electric Goods

C. Petroleum



15 . India has a high export earning from Diamonds. Which among the following is most appropriate reason or factor behind it?
A. High Diamonds Stocks

B. Large Production of Industrial Diamonds

C. Availability of experts on cutting and polishing

16 . In which state in India , the first paper mill was started?
A. West Bengal

B. Bihar

C. Orrisa



17 . 1893 is a landmark in India's Transport because of ?
A. First Train

B. First Cargo Plane

C. First Cargo Ship


18 . What is the primary objective of the government to buy food grains directly from the farmers?
A. Prevent Black marketing

B. Trade and earn for country

C. become the sole controller of food grain supply

19 . Which among the following gives a justification about the fact that " Green Revolution has not been green as it made out to be" ?
A. it confined only to wheat

B. it confined to selected areas only

C. it helped only big farmers


20 . Where is located the Hindustan Shipyard Limited?
A. Kochi

B. Mumbai

C. Vishakhapatnam