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Economy Made Easy

NABARD was established under recommendations of

Shivaraman Committee

The chairman of Fourteenth Finance Commission

Y.V. Reddy

Banks of India were nationalised for the first time in the year

1969

The main aim of devaluation is to

Encourage exports

What is the tertiary sector of economic development

Service Sector?

Which state of India has highest Per capita income

Goa

RBI was nationalised in the year

1935

National Agriculture Insurance Scheme was introduced in

1999

Short term finance is usually for a period of

12 months

Who is the regulator of Insurance sector in India

IRDA

Who is the Census Commissioner for Census 2011?

C. Chandramouli

The main rubber producing state in the country is

Kerala

The largest producer of Coffee in the country is

Karnataka

At present, the number of nationalised banks in the country

19

Project SANKALP is associated with the elimination of

AIDS

The central banking functions in India are performed by the

Reserve Bank of India

Development expenditure of the Central government does not include

Defence expenditure

Gilt-edged market means

Market of Government Securities

Loss of equipment over time due to wear and tear is called as

Depreciation

The association of the rupee with Pound Sterling as the intervention currency was broken in

1992

On July 12, 1982, the ARDC was merged into

NABARD

If the Cash Reserve Ratio is lowered by the RBI, its impact on credit creation will be to

Increase it

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

Small and medium scale industries

States earn maximum revenue through

Commercial Taxes

The first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country is

Essar Oil

The condition of indirect taxes in the country's revenue is approximately

86%

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

1987

Of the gross tax revenue of the Union Government the indirect taxes account for nearly

65 percent

The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called as

Statutory Liquid Ratio (SLR)

How many banks were nationalized in 1969?

14

In India, the first bank of limited liability manages by Indians and founded in 1881 was

Oudh Commercial Bank

The apex body for formulating plans and coordinating research work in agriculture and allied fields is

Indian Council of Agricultural Research

Short-term finance is usually for a period ranging up to

One year

Paper currency first started in India in

1861

Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

100%

The largest sponge iron producer in the world is

India

National Rural Development Institute is situated at

Hyderabad

The bank which has the highest number of branches in the world is

SBI

The Mumbai Stock Exchange was set up in

1875

Rangarajan Committee is related to

Public Sector disinvestment

Raja Chellaiah Committee is related to

Tax Reforms

Malhotra Committee is related to

Insurance Sector Reforms

Narasimham Committee is related to

Financial Sector Reforms

The principle means of transport of goods in India is

Railways

India's place in the World Production of Sugar and Sugarcane is

First

State with Highest Production of Wheat (2011-12) is

Uttar Pradesh

State with Highest Production of Rice (2011-12) is

West Bengal

State with Highest Production of Pulses (2011-12) is

Madhya Pradesh

State with Highest Production of Total Food Grains (2011-12) is

Uttar Pradesh

State with Highest Production of total Oil Seeds (2011-12) is

State with Highest Production of total Oil Seeds (2011-12) is

The policy of Family Planning was adopted by the government in

1952

Bank Rate means

The official rate of interest charged by the central bank of the country

The term MARKET in economics means

Presence of competition

Commercial banking system in India is

Branch banking

Demand of commodity mainly depends on

Power to purchase

CMD of Bharatiya Mahila Bank is

Usha Ananthasubramanian

Mr. Cyrus Pallonji Mistry took over as the chairman of which industrial group recently?

Tata Group

Economy Made Easy
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