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General Knowledge on Indian Economy | GK test on Indian Economy Page 15
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General Knowledge on Indian Economy

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)

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141. Which one among the following statements about globalisation is not correct?
  • A. Advocates of globalisation argue that it will result in greater economic growth
  • B. Critics of globalisation argue that it will result in greater economic disparity
  • C. Advocates of globalisation argue that it will result in culture homogenisation
  • D. Critics of globalisation argue that it will result in cultural homogenisation
  • Check Answer | Discussion
142. Which one of the following does not mainly form a part of tax revenue of State Governments in India?
143. In India, the price of petroleum products has been deregulated mainly to
  • A. reduce the burden of subsidies given to the oil companies
  • B. discourage the exploration of oil reserves in the country
  • C. discourage the demand for private vehicles
  • D. curb the use of black money in the economy
  • Check Answer | Discussion
144. In India, which of the following is regulated by the Forward Markets Commission?
  • A. Currency Futures Trading
  • B. Commodities Futures Tradings
  • C. Equity Futures Trading
  • D. Both Commodities Futures and Financial Futures Trading
  • Check Answer | Discussion
145. which one of the following is not a feature of limited liability partnership firm?
  • A. Partners should be less than 20
  • B. Partners and management need not to be separate
  • C. Internal governance may be decided by mutual agreement among partners
  • D. It is a corporate body with perpetual succssion
  • Check Answer | Discussion
146. The abnormal increase in buffer stock of FCI in recent times is due to
  • A. series of bumper harvest
  • B. procurement prices are above market prices
  • C. additional storage facility created by FCI
  • D. transport bottlenecks in wheat producing regions
  • Check Answer | Discussion
147. Which of the following statements is true about Industrial Policy, since 1991?
  • A. only five industries related to security, strategic and environmental concerns require industrial license
  • B. An investor need riot file an industrial entrepreneur memorandum
  • C. There is no reservation of products for production in small-scale sectors
  • D. The number of industries reserved for public sector has been enhanced
  • Check Answer | Discussion
148. Nationalisation of banks was done with the purpose of
  • A. financing the industries
  • B. improving credit facilities
  • C. consolidating the economy
  • D. improving security of deposits
  • Check Answer | Discussion
149. Gap between the irrigation potential and its utilization in India is mainly due to
  • A. delay in construction of field channels
  • B. availability of water falling short of the projected estimate
  • C. corruption and mismanagement
  • D. lack of coordination between centre and the states
  • Check Answer | Discussion
150. In which of the following Five Year Plan, the targeted growth rate was less than the actually achieved growth rate?

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