Q1. Which bank is the first to introduce ATM in India (a) HSBC (b) ICICI (c) SBI (d) UCO Bank Answer: HSBC Q2. Which sector is the largest source of employment in India (a) Textile (b) Agriculture (c) Services (d) Tourism Answer: Agriculture Q3. In which year India adopted liberal and free-market principles (a) 1991 (b) 1993 (c) 1995 (d) 1997 Answer: 1991 Q4. Which sector is the second largest source of employment in India (a) Textile (b) Retail (c) Mining (d) Banking Answer: Textile Q5. When the first Economic Census was done in India (a) 1958 (b) 1972 (c) 1977 (d) 1983 Answer: 1977 Q6. Who presented the first Union Budget of Independent India (a) C. D. Deshmukh (b) John Mathai (c) Morarji Desai (d) R. K. Shanmukham Chetty Answer: R. K. Shanmukham Chetty Q7. Who was the chairman of National Income Committe appointed by Government of India in 1949 (a) C R Rao (b) P C Maharanobis (c) V. K. R. V. Rao (d) K N Raj Answer:P C Maharanobis Q8. Where the headquarters of SEBI is located (a) Delhi (b) Mumbai (c) Kolkata (d) Pune Answer: Mumbai Q9. When the Value Added Tax (VAT) was first introduce in India (a) 2005 (b) 2006 (c) 2007 (d) 2008 Answer: 2005 Q10. Union budget is presented on the Parliament on last working day of (a) January (b) February (c) March (d) August Answer: February Q11. Which one of the following is not a direct tax (a) Income Tax (b) Wealth Tax (c) Gift Tax (d) Sales Tax Answer: Sales Tax Q12. Reserve Bank of India was nationalised in the year (a) 1935 (b) 1945 (c) 1949 (d) 1952 Answer: 1949 Q13. Which Prime Minister first take steps for nationalisation of banks (a) Rajiv Gandhi (b) Indira Gandhi (c) P. V. Narasimha Rao (d) V. P. Singh Answer: Indira Gandhi Q14. When the first Finance Commission of India is formed (a) 1947 (b) 1950 (c) 1951 (d) 1953 Answer:1951 Q15. Who was the first Chairman of Finance Commission of India? (a) Mahaveer Tyagi (b) K. Santhanam (c) J.M. Shelat (d) K. C. Neogy Answer :K. C. Neogy Q17. Which Prime Minister is also known as Father of Indian Economic Reforms? (a) Indira Gandhi (b) Manmohan Singh (c) P.V.Narasimha Rao (d) Atal Bihari Vajpayee Answer .V.Narasimha Rao Q18. Who was the first Finance Minister of India? (a) R. K. Shanmukham Chetty (b) John Mathai (c) Jawaharlal Nehru (d) T. T. Krishnamachari Answer :R. K. Shanmukham Chetty Q19. Planning Commission reports directly to (a) President (b) Prime Minister (c) Finance Minister (d) None of the above Answer :Prime Minister Q20. Who had eastablished the Delhi School of Economics (a) Prof. Shenoi (b) P. N. Dhar (c) K. N. Raj (d) V. K. R. V. Rao Answer :V. K. R. V. Rao Q21. The Planning Commission of India is a (a) A Constitutional body (b) A Statutory body (c) A non-Statutory body (d) An independent and autonomous body Answer :A non-Statutory body Q22. Total number of approved stock exchanges in india (a) 16 (b) 19 (c) 22 (d) 23 Answer :23 Q23. Where the headquarters of NABARD (National Bank for Agriculture and Rural Development) is located (a) Delhi (b) Mumbai (c) Noida (d) Bangalore Answer :Mumbai Q24. Which bank was established on the recommendations of Shivaraman Committee (a) SBI (b) RBI (c) Regional Rural Banks (d) NABARD Answer :NABARD Q25. During which Planning Commission NABARD was established (a) Third (b) Sixth (c) Seventh (d) Ninth Answer :Sixth Q26. How many languages are printed in an Indian currency note (a) 12 (b) 13 (c) 15 (d) 17 Answer : 17 (2 Front side + 15 Back side) Q27. Who was the first person to adopt a scientific method in estimating the national income in India (a) PN Dhar (b) Ashok Mitra (c) VKRV Rao (d) Prof Sheroi Answer :VKRV Rao Q28. Who is the only Finance Minister to have risen to be the President of India (a) R Venkataraman (b) Shankar Dayal Sharma (c) K. R. Narayanan (d) S Radhakrishnan Answer :R Venkataraman Q29. Who has presented the maximum number of budgets with 10 budgets (a) Pranab Mukherjee (b) Yashwant Sinha (c) Morarji Desai (d) P. Chidambaram Answer :Morarji Desai Q30. Which Finance Minister has introduced the service tax concept in india (a) P. Chidambaram (b) Manmohan Singh (c) Indira Gandhi (d) I. K. Gujral Answer :Manmohan Singh Q31. In which year budget, the service tax concept was first introduce in India (a) 1994-95 (b) 1995-96 (c) 1991-92 (d) 1992-93 Answer :1994-95
Posted on: Sun, 03 Aug 2014 13:55:32 +0000
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