Indian Economy 2

21The sources of revenue of the state governments are
 A) entertainment tax
 B) land revenue
 C) excise duty on intoxicants
 D) All A), B) and C)
22India's eight core sector industries have a combined weight of _____in the overall Index of Industrial Production (IIP).
 A) 31.5%
 B) 37.9%
 C) 56.6%
 D) 61.2%
23Capital Account Deficit (CAD) will increase with the increase in which of the following?
 A) Import of gold
 B) Import of crude oil
 C) Inflow of foreign money
 D) Both 1 and 2
24Which commodity is the biggest contributor to India's import bill after crude oil?
 A) Silver
 B) Mechinery
 C) Gold
 D) Vehicles
25An excess of expenditures over revenues is called?
 A) Depreciation
 B) Budget deficit
 C) Deflation
 D) Balance of Payment
26An economic system combining private sector and public sector is called?
 A) Open economy
 B) Closed economy
 C) Mixed economy
 D) Free trade economy
27Agricultural Income Tax revenue goes to which governments in India?
 A) State Governments
 B) Central Government
 C) Municipalities
 D) All of them
28In which year a new " Liberalized Industrial Policy " in India was announced for the first time?
 A) 1981
 B) 1991
 C) 1992
 D) 1999
29In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
 A) 6
 B) 8
 C) 10
 D) 12
30Which in the below list sectors has largest contribution in Gross Domestic Savings in India?
 A) Public Sector
 B) Households
 C) Private Sector Corporates
 D) Unorganized Sector
31All revenues received by the Government of India by taxes e.g. Income Tax, Central Excise, Customs and other receipts are kept in which in the below list?
 A) Consolidated Fund of India
 B) Reserve Bank of India
 C) Public Account of India
 D) Parliament Fund of India
32Transactions relate to debt other than those included in the Consolidated Fund of India are kept in which in the below list?
 A) Debt Account
 B) Public Account
 C) Contingency Fund
 D) Debt Fund
33The OLTAS system is related to which in the below list?
 A) Reserve Bank of India
 B) Ministry of Corporate Affairs
 C) Income Tax Department
34In which five year plan, the Panchayati Raj System was introduced in India for the first time?
 A) First
 B) Second
 C) Third
 D) Fifth
35Which in the below list is a correct expansion of EPCG?
 A) Export Promotion Consumer Goods
 B) Export Promotion Capital Goods
 C) Export Products Consumer Goods
 D) Export Promotion Capital Gains
36Which in the below list commodities is completely deregulated in India?
 A) Kerosene
 B) Diesel
 C) Gasoline
 D) None of These
37Which in the below list is the most important bulk import of India?
 A) Heavy Machinery
 B) Electric Goods
 C) Petroleum
 D) Food Grains
38Which Industry flourishes in Coimbatore-Tiruppur belt in Tamil Nadu?
 A) Stone Carvings
 B) Textiles
 C) Leather
 D) Bamboo
39Which in the below list is the theme of the 12th five year plan ?
 A) Faster growth with more inclusion
 B) Inclusive growth with faster development
 C) Faster development and more inclusive growth
 D) Faster, sustainable and more inclusive growth
40The expenditures incurred by which in the below list ministries are Non-plan expenditures ?
 A) Ministry of Finance
 B) Home Ministry
 C) Ministry of Defense
 D) Ministry of Commerce

Check below for Answers.........
21Ans) All Ans), Ans) and Ans)
22Ans) 37.9%
23Ans) Both 1 and 2
24Ans) Gold
25Ans) Budget deficit
26Ans) Mixed economy
27Ans) State Governments
28Ans) 1991
29Ans) 8
30Ans) Households
31Ans) Consolidated Fund of India
32Ans) Public Account
33Ans) Income Tax Department
34Ans) Second
35Ans) Export Promotion Capital Goods
36Ans) Gasoline
37Ans) Petroleum
38Ans) Textiles
39Ans) Faster, sustainable and more inclusive growth
40Ans) Ministry of Defense

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