Top Indian Economy Questions & Answers
- What is reverse repo rate and what is the present rate of repo?
Ans: Reverse repo rate is the rate, at which RBI allows commercial banks to park surplus fund with the RBI. It withdraws liquidity form the market. The present rates:
Repo Rate: 6.50%
Reverse Repo Rate: 6.25%
Marginal Standing Facility Rate: 6.75%
Cash Reserve Ration Rate: 4%
Statutory Liquidity Ratio Rate: 19.5% - Which are the four connectivities enunciated under the PURA model of growth in India?Ans: Physical, Electric, Knowledge and Economic
- Who is the present head of the Asian Development Bank?
Ans: Takehiko Nakao - The Durgapur Steel Plant was set up in collaboration with which country?
Ans: The UK - What was the rate of devaluation of rupee in June 1966?
Ans: 57.5% - Which plan did not set any target for crop production?
Ans: 10th Plan - The cafeteria approach is associated with what?
Ans: Family Planning - Which state registered the maximum growth rate in population according to the Census 2011?
Ans: Bihar - In India, for how many days in a year a worker should work to be called as a major worker or an employed person?
Ans: 273 - What is the rank of India in the world in production of steel in 2011?
Ans: 4th - Which state accounts for 9/10th of the natural rubber production in the country?
Ans: Kerala - What is the rank of India in the recently released Human Development Report-2018?
Ans: 130th - Who gave the first National Statistical Commission formed and who was the Chairman?
Ans: Professor VKR V Rao - When was the National Statistical Commission formed and who was the Chairman?
Ans: 2005, Professor SD Tendulkar - Which country in the second largest foreign direct investor in India after Mauritius in 2010-11?
Ans: Singapore - Which country is the smallest holder of the quotas in the International Monetary Fund at present?
Ans: Tuvalu - What is the present number of member nations of the World Trade Organisation?
Ans: 164 - What is the alternate name of the Bombay Plan prepared by some industrialists in 1944?
Ans: Plan of Economic Development for India - When was the dual exchange rate system adopted in India?Ans: 1992
- In which crop, India has the highest productivity in the world since 2002?
Ans: Natural Rubber - What is the core element of 'evergreen revolution' which has been envisaged for the rejuvenation of agriculture in India?
Ans: Sustainability - Who coined the term 'Green Revolution'?
Ans: Dr William Gade - Which year of the Five Year Plan in India is referred to as "Second Green Revolution"?
Ans: 1983-84 - With which is the Colin Clark thesis associated?
Ans: Structural change in the economy - Rolling Plan was adopted in India, in which year?
Ans: 1978 - What is the percentage of tax proceeds which need to be shared with the States by the Centre as per the recommendation of the 13th Finance Commission?
Ans: 32.5% - Is Good and Service Tax (GST) a sales tax or Value Added Tax?
Ans: Both - What is the main goal of the World Bank?
Ans: Reducing Poverty - In order to arrive at Gross National Product at factor cost from Gross National Product at market prices, what needs to be deducted?
Ans: Net Indirect Tax - Which measure of money supply in India is also called the narrow money?
Ans: M1 - Who was the first Governor of RBI?
Ans: Sir Osborne Smith - Agriculture in India is associated, with which type of unemployment?
Ans: Disguised Unemployment - When was Banking Ombudsman Scheme implemented in India?
Ans: 2006 - Who gave the concept of Physical Quality of Life Index (PQLI)?
Ans: Morris D Morris - What is the rank of India in terms of Green House Gases (GHGs) emissions in absolute terms in the world?
Ans: 6th - The National Solar Mission has set the target of generating 20000 MW electricity through solar power, by which year?
Ans: 2020 - The National Manufacturing Policy, 2011 seeks to generate, how much additional employment by 2022?
Ans: 100 million - What does NIMZ stands for?
Ans: National Investment and Manufacturing Zone - What is the present system, which is adopted by the RBI in the management of currency in India?
Ans: Minimum Reserve System, 1957 - Which was the first insurance company in India?
Ans: Oriental Life Insurance Company in 1818 - Which were the two Five Year Plans when the set target for the food grain production was achieved during the overall plan period?
Ans: First and Fifth Plan - Which sector of the Indian Economy is the second largest provider of the employment after agriculture?
Ans: Services Sector Provides 29% followed by Industry sector - What is the unemployment rate on Current Daily Status (CDS) basis as per the NSSO 66th round (2009-10)?
Ans: 6.6%