EconGlow Institute

What percentage of Indian GDP is contributed by the service sector? A.  25 % of GDP B.   60 % of GDP C.  53% of GDP D.  49 % of GDP Answer:B

Which of the following is India’s first payments bank? [A] Jio Payments Bank Ltd [B] Paytm Payments Bank [C] India Post Payments Bank [D] Airtel Payments Bank Answer:D

Which of the following sector does not comes under the service sector in India? A. Real estate B. Transport C. Restaurants & hotels D. Formation of electronic television Answer:D

Service tax is applicable to: (a) Whole of India (b) Whole of India except Jammu and Kashmir (c) Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli, Daman & Diu (d) Whole of India including few part of Jammu & Kashmir Answer:B

ASEAN accounts for approximately what fraction of India's Foreign Trade? State the approximate figure. A. 1% B. 7% C. 10% D. 50% Answer: C

Which among the following bank was designated as the Agency for operationalisation of the Joint Investment Fund between India and Oman? [A] State Bank of India [B] Punjab National Bank [C] HDFC [D] Union Bank of India Answer:A

How is economic growth different from economic development? A. Economic development implies an increase in per capita income B. Economic development implies changes in institutions & attitudes C. Economic development implies concern for ecology & environment D. None of these Answer: B

Who compute the National Income in India? A. Central Statistical Organisation B. Ministry of Finance C. Planning Commission D. None of these Answer:A

Who made the use of energy requirements (calorie) as a measure of poverty in India the first time? A. Dandekar and Rath B. Amartya Sen C. T.N. Srinivasan D. None of these Answer: A

The Sick Industrial Companies Act of 1985 was enacted following the recommendation of which of the following committees? [A] Tiwari Committee [B] Gadgil Committee [C] Hazari Committee [D] Marathe Committee Answer: A

Union Budget of India is presented by whom and in which house/ houses of the Parliament? a) Finance Minister of India; Lok Sabha b) Prime Minister of India; Rajya Sabha c) Cabinet Secretary; Both Lok Sabha and Rajya Sabha d) President of India; in joint session of Parliamnet Answer: A

Which was the 1st bank managed by Indians? A. State Bank of India B. Allahabad Bank C. Oudh Bank D. None of these Answer:C

Among the following, which is not a cause for the recent rapid increase in global food prices? A. Shoot in crude oil prices B. Augmented demand from developing countries C. Change of food grains to bio-fuel D. Attack of pest Answer:A

Indian Railways earn the maximum revenue from ….. (a) Passenger fare (b) Freight (c) Traffic Tax (d) Passenger tax Answer:B

What is the full form of EPCG stands? a. Export Promotion Capital Goods. b. Expert Programme for Credit Generation. c. Exchange Programme for Consumer Goods. d. Export Promotion Consumer Goods. Answer: A

During the pre-reform period, the banking sector: (a) Functioned in a highly regulated environment. (b) Functioned in a manner detrimental to the general public. (c) Concentrated on making huge profits. (d) None of the above. Answer: A

Which of the following is also known as International Bank for Reconstruction and Development? (a) IMF (b) RBI (c) WTO (d) World Bank Answer:D

Which economist is credited for developing theories based on Gandhism? [A] Jagadish Bhagwati [B] P.C.Mehalonibis [C] J.C.Kumarappa [D] Kaushik Basu Answer:C

Who is the current chief of the World Bank Group? (a) Donald Tusk (b) David Malpass (c) Christine Lagarde (d) Jim Yong Kim Answer: B

What is Cash Reserve Ratio (CRR)? (a) Share of a commercial bank’s total deposit kept with RBI (b) Share of a commercial bank’s total deposit kept with itself  (c) Commercial banks need to have a portion of their total deposit in the form of cash and gold. (d) None of the above Answer:A