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General knowledge questions and answers on Indian Economy

Gk quiz on Indian Economy

1. Five-year Plans are finally approved by the?
A. National Development Council B. Home Minister
C. President D. Prime Minister
2. The Community Development Programme was launched in?
A. 1951 B. 1952
C. 1957 D. 1965
3. Which of the following is the largest contributor to the total tax revenue of Government of India?
A. Income tax B. Sales tax
C. Corporation tax D. Excise Duty
4. Currency notes and coins of one rupee and lower denominations are issued by?
A. Reserve Bank of India B. State Government of India
C. Ministry of Finance D. None
5. Bank notes and coins above one rupee denominations are issued by?
A. Reserve Bank of India B. Ministry of Finance 
C. State Government of India D. State Bank of India
6. A personal account cannot be opened in?
A. State Bank of India B. Reserve Bank of India
C. A Cooperative Bank D. A Scheduled Bank
7. How many banks were nationalized in 1969?
A. 14 B. 12
C. 15 D. 19
8. The second nationalization of commercial banks took place in?
A. 1987 B. 1982
C. 1980 D. 1985
9. In which year was the first bank in India established?
A. 1801 B. 1802
C. 1800 D. 1806
10. The first indigenous bank which came into existence in 1894 was?
11. The New Bank of India has been merged with which bank in 1993?
A. State Bank B. Central Bank
C. Punjab National Bank D. None
12. In India which of the following measures of money denotes the 'Broad Money'?
A. M1 B. M2
C. M3 D. M4
13. The principal source of revenue to the State Government in India is?
A. Income Tax B. Sales Tax
C. Wealth Tax D. Customs duty
14. Which of the following is the Banker of the banks?
C. SBI and RBI D. None
15. The largest Public Sector Bank in India?
A. State Bank of India B. Reserve Bank of India
C. Punjab National Bank D. Indian Overseas Bank
16. The Imperial Bank of India, after nationalisation, was given the name of?
A. Bank of India B. Indian Overseas Bank
C. Reserve Bank of India  D. State Bank of India
17. The highest denomination of currency notes in circulation as legal tender in India is at present?
A. Rs. 60 B. Rs. 100
C. Rs. 600 D. Rs. 1000
18. The special paper required for printing of currency notes by the Security Presses in the country is manufactured at?
A. Mumbai B. Delhi
C. Hoshangabad D. None
19. How many languages are used on a ten rupee note?
A. 15 B. 12
C. 9 D. 21
20. 'Food for work programme' was linked to NREP under which Five-Year Plan?
A. First B. Third
C. Sixth D. Fifth
21. The growth rate of agricultural production was negative in the?
A. First Plan B. Third Plan
C. Sixth Plan D. Fifth Plan
22. Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?
A. The First Five - Year Plan B. The Third Five - Year Plan
C. The Sixth Five - Year Plan D. The Eighth Five - Year Plan
23. The Indian National Congress took up the 10 year plan for development set up by the Planned Economy for India in the year?
A. 1938 B. 1939
C. 1934 D. 1931
24. Under which Five Year Plan did the Government introduce an agricultural strategy which gave rise to the Green Revolution?
A. First B. Second
C. Third D. Fourth
25. The Family Planning Programme was adopted by the Government of India in?
A. 1951 B. 1953
C. 1952 D. 1954
26. The 'Garibi Hatao' slogan was coined in?
A. 1958 B. 1971
C. 1952 D. 1974
27. Seasonal unemployment refers to?
A. Agriculture B. IT
C. Banks D. Public Sector
28. In which of the following industries is the maximum number of women employed in India?
A. Jute B. Tea
C. Coal D. Textile
29. The Industries Development and Regulation Act was passed in the year?
A. 1954 B. 1952
C. 1958 D. 1957
30. Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?
31. Which among the following definitions has been given by the World Bank to define people below the poverty line?
A. Income not exceeding $ 1.5 a day B. Income not exceeding $ 2 a day
C. Income not exceeding $ 1 a day D. Income not exceeding 50 cent a day
32. In the last one decade, the sector that has attachated the highest foreign direct investment inflows into India is?
A. IT B. Education
C. Telecommunication D. None
33. When was the decimal system of currency introduced in India?
A. 1957 B. 1952
C. 1955 D. 1959
34. Short-term finance is usually for a period ranging up to?
A. 8 months B. 12 months
C. 6 months D. 9 months
35. National Agricultural Insurance Scheme replacing comprehensive crop insurance scheme was introduced in the year?
A. 2000 B. 1999
C. 1998 D. 1991
36. National Sample Survey Organisation (NSSO) was established in?
A. 1950 B. 1946
C. 1948 D. 1952
37. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it?
A. Rs. 10 B. Rs. 100
C. Rs. 50 D. Rs. 500
38. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has 'ecology' depicted on it?
A. Rs. 10 B. Rs. 100
C. Rs. 50 D. Rs. 500
39. The National Stock Exchange functions from?
A. Mumbai B. Delhi
C. Nagland D. Hyderabad
40. What is the animal on the insignia of the RBI?
A. Tiger B. Lion
C. Elephant D. Panther