General Knowledge Quiz - Indian Economy 3

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General Knowledge Quiz on  Indian Economy 3

1. 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

2. In the second nationalization of commercial banks, ___ banks were nationalized.

A. 4
B. 5
C. 6
D. 8

3. One of the reasons for India's occupational structure remaining more or less the same over the years has been that

A. investment pattern has been directed towards capital intensive industries
B. productivity in agriculture has been high enough to induce people to stay with agriculture
C. ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
D. people are largely unaware of the significance of transition from agriculture to industry for economic development

4. 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

5. Gross domestic capital formation is defined as

A. flow of expenditure devoted to increased or maintaining of the capital stock
B. expenditure incurred on physical assets only
C. production exceeding demand
D. net addition to stock after depreciation

6. Which of the following is the most appropriate cause of exports surplus?

A. Country's exports promotion value
B. Country's stringent import policy
C. Developments in national and international markets
D. None of the above

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

C. EXIM Bank
D. None of the above

8. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

A. increase it
B. decrease it
C. no impact
D. None of the above

9. The currency convertibility concept in its original form originated in

A. Wells Agreement
B. Bretton Woods Agreement
C. Taylors Agreement
D. None of the above

10. Which of the following items would not appear in a company's balance sheet?

A. Value of stocks of raw materials held
B. Total issued capital
C. Revenue from sales of the company's products
D. Cash held at the bank

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