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General Knowledge on Indian Economy

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)
131. Global capital flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Latin American experience, which type of inflow is good for the host country?
  • A. Commercial Loans
  • B. Foreign Direct Investment
  • C. Foreign Portfolio Investment
  • D. External Commercial Borrowings
  • Check Answer | Discussion
132. The importance of agriculture in Indian economy is indicated by its contribution to which of the following ?
  • A. National income and employment
  • B. Industrial development and international trade
  • C. Supply of foodgrains
  • D. All of the above
  • Check Answer | Discussion
133. Why has the share of agriculture in the national output declined from 57% (1959-51) to less than 20% today? Because
  • A. the gross cropped area has decreased as a result of urbanization
  • B. the share of other sectors has increased reducing the weightage for agriculture
  • C. there has been a decline in productivity in agriculture
  • D. liberalisation has led to large scale import of agricultural products
  • Check Answer | Discussion
134. Fresh evaluation of every item of expenditure from the very beginning of each financial year is called
135. The Indian budget includes
  • A. actual figures of the precending years
  • B. revised estimates for the current year
  • C. budget estimates for the following year
  • D. All of the above
  • Check Answer | Discussion
136. Economic development has been retarded in India mainly due to
  • A. haphazard industrialisation
  • B. westernised social attitudes
  • C. poor infrastructural facilities
  • D. inefficient agrarian system
  • Check Answer | Discussion
137. Kisan Credit Card (KCC) Scheme was introduced in 1998-99 to improve the credit delivery to farmers. Which one of the following does not operate this scheme?
138. Of the various ways of financing Government's investment expenditure, the least inflationary is
139. Which of the following is correct regarding the gross domestic savings in India?
  • A. Contribution of household sector is the largest
  • B. Contribution of government sector is the largest
  • C. Contribution of corporate sector is the largest
  • D. None of the above
  • Check Answer | Discussion
140. Recently, Government disinvested stake in VSNL,IBP and IPCL to
  • A. Bharti Telesonic, Reliance and GAIL respectively
  • B. Tata Group, IOC and Reliance respectively
  • C. Bharti Telesonic, Royal Dutch Shell and Pfizer respectively
  • D. Motorola, Kuwait Petroleum and Ranbaxy, respectively
  • Check Answer | Discussion

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