General Knowledge Quiz - Indian Economy 4

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Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

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General Knowledge Quiz on  Indian Economy 4

1. In the state of India, the State Financial Corporation have given assistance mainly to develop

A. agricultural farms
B. cottage industry
C. large-scale industries
D. medium and small-scale industries



2. The first wholly Indian Bank was set up in

A. 1794
B. 1894
C. 1896
D. 1902



3. The central co-operative banks are in direct touch with

A. farmers
B. state co-operative banks
C. land development banks
D. central government



4. States earn maximum revenue through

A. land revenue
B. custom revenue
C. commercial taxes
D. excise duties on intoxicants



5. Debenture holders of a company are its

A. shareholders
B. creditors
C. debtors
D. directors



6. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

A. tax sharing
B. grant-in-aids
C. loans
D. All the above



7. Excise duty is a tax levied on the

A. import of goods
B. export of goods
C. production of goods
D. sale of goods



8. 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




9. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines

A. to govern entry of new private sector banks to make the banking sector more competitive
B. to reduce the freedom given to banks to rationalize their existing branch network
C. to setup more foreign exchange banks
D. to lend more easily for industrial development



10. Non Tax revenues can be increased by improving the working of the

A. State Road Transport Corporations
B. electricity boards
C. commercial irrigation projects
D. All of the above




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