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GK Questions: Indian Economy – Set 14

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Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!!

  1. ……………. Is an example of the non-plan expenditure of the GOI
    1.Education Expenditure
    2.Agriclture Expenditure
    3.Technology Expenditure
    4.Defence Expenditure
    5.None of these
    Answer – 4.Defence Expenditure
    Explanation :
    The biggest items of Non-Plan Expenditure are interest payments and debt servicing,defence expenditure and subsidies.

  2. On which route India’s first domestic air flight took place ………………
    1.Delhi – Mumbai
    3.Delhi – Karachi
    4.Kolkata – Chennai
    5.None of these
    Answer – 3.Delhi – Karachi
    Explanation :
    The first domestic air route between Karachi and Delhi was in 1941

  3. Which scheme seeks to provide shelter to rural BPL house holds ?
    1.Pradhan Mantri Jan-Dhan Yojana
    2.Indira Awaas Yojana
    3.Housing for All
    4.Bharat Nirman
    5.None of these
    Answer – 2.Indira Awaas Yojana
    Explanation :
    Indira Awaas Yojana is a social welfare flagship programme, created by the Indian Government, to provide housing for the rural poor in India

  4. The concept of  ‘Universal Banking’ was implemented on the recommendation of …………..
    1.RH Khan committee
    2.Subhramaniyan committee
    3.High level committee
    4.Ad hoc committee
    5.None of these
    Answer -1.RH Khan committee
    Explanation :
    The concept of  ‘Universal Banking’ was implemented on the recommendation of RH Khan committee.
    Universal banking is a banking system in which banks provide a wide variety of financial services, including both commercial and investment services

  5. Technical Advisory committee advises RBI on …………………
    1.Fiscal measures
    3.Monetary policy
    4.Credit Control
    5.None of these
    Answer – 3.Monetary policy
    Explanation :
    The Reserve Bank’s Monetary Policy Department (MPD) assists the Governor in formulating the monetary policy. Views of all key stakeholders in the economy, advice of the Technical Advisory Committee (TAC), and analytical work of the Reserve Bank contribute to the process for arriving at the key decision on policy repo rate.

  6. Which of the following scheme was transferred to State Plan along with the National Social Assistance Programme ?
    1.Janani Suraksha Yojana
    2.Annapurna Scheme
    4.Antyodaya Anna Yojana
    5.None of these
    Answer – 2.Annapurna Scheme
    Explanation :
    The Annapurna Scheme has been launched with effect from 1st April, 2000. It aims at providing food security to meet the requirement of those senior citizens who, though eligible, have remained uncovered under the National Old Age Pension Scheme(NOAPS).

  7. ………………… is given to the Indian products that are Environment friendly
    1.Eco mark
    2.ISO certificate
    3.ISI Standard
    4.Hall Mark
    5.None of these
    Answer – 1.Eco mark
    Explanation :
    Ecomark or Eco mark is a certification mark issued by the Bureau of Indian Standards (the national standards organization of India) to products

  8. The Market of Government securities is called …………………..
    1.Index linked glits
    2.Conventional glits
    3.Gilt edged
    4.Double dated glits
    5.None of these
    Answer – 3.Gilt edged
    Explanation :
    Gilt-edged securities are bonds issued by some national governments. The term is of British origin, and then referred to the debt securities issued by the Bank of England, whose paper certificates had a gilt

  9. Which state has launched the Gram Suraj Abhiyan to reach to the door of people ?
    3.Madhya Pradesh
    5.None of these
    Answer – 4.Chhattisgarh
    Explanation :
    Chhattisgarh Chief Minister Dr Raman Singh has launched the Gram Suraj Abhiyan to reach to the door of people. The project was launched across fourteen districts in the state.

  10. Which is not a monetary measure to control inflation ?
    1.Credit control
    2.Soft loan policy
    3.Demonetisation of Currency
    4. Issue of New Currency
    5.None of these
    Answer – 2.Soft loan policy
    Explanation :
    Important measures to control inflation are as follows: 1. Monetary Measures 2. Fiscal Measures. 3. Other Measures.
    Credit control, Issue of New Currency and Demonetisation of Currency are monetary measures