Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Indian Economics

Total questions: 35

Worksheet time: 2hrs 47mins

Name
Class
Date
1.

Auditing the government expenditure is vested with the

a)

The Finance Minister

b)

The Prime Minister

c)

The Finance Secretary

d)

The Comptroller & Auditor General

2.

Which one is incorrectly matched

a)

Tax income --- Tax revenue of Central govt

b)

Sales Tax --- Tax revenue of state govt

c)

Interest receipt from Railway --- Non Tax Revenue of Central govt

d)

Court Fee --- Tax revenue of State gove

3.

Below which one is largest contribution sector to the Gross domestic savings in India????

a)

Public Sector

b)

Private sector

c)

Un-Organised Sector

d)

House Hold Sector

4.

Employment strategy is start which 5yrs Plan has growth

a)

5th

b)

6th

c)

7th

d)

8th

5.

Rate of savings is measured as a proportion of GDP is

a)

Constant Prices

b)

Market Prices

c)

Relative Prices

d)

None of the above

6.

Net National income NNI does not include

a)

Indirect Business taxes

b)

Corporate income taxes

c)

Depreciation charges

d)

The rental value of house owners

7.

Digital financial literacy launched by

a)

Ministry of Finance

b)

Ministry of Home Affairs

c)

Ministry of Human resources and Development

d)

Ministry of Electronics and IT

8.

Registration of Partnership is

a)

Compulsory

b)

Optional

c)

Not Necessary

d)

Not Compulsory

9.

Who frame Monetary Policy of India

a)

Finance minister

b)

Prime minister

c)

Reserve Bank of India

d)

IMF

10.

Who frame fiscal policy of India

a)

Reserve Bank of India

b)

Ministry of Finance

c)

Dept of Revenue

d)

World bank

11.

The difference between NNP and NDP is

a)

Depreciation

b)

Indiret tax

c)

Net factor income from abroad

d)

Current transfer from rest of the world

12.

Primary Sector Consist of

a)

Trade

b)

Construction

c)

Telecommunication

d)

Agriculture

13.

The New science of ECONOMETRICS is a combination of

a)

Economic History Physics

b)

Economic Maths Statistics

c)

Economic maths Computer science

d)

Economic history ethics

14.

The Key measure of Inflation adopted bybthe RBI currently is

a)

The General Price index

b)

Whole sale price index

c)

Retail price index

d)

Consumer price index

15.

Central govt announce DA. It has reference to Whole sale price index announced by Central Statistical Organization. Say it is true

a)

Yes

b)

No

16.

Choose incorrect option about RBI

a)

Bankers to the bank

b)

Bankers to the Govt

c)

Currency circulated by RBI

d)

Controller of Foreign Exchange

e)

None of these

17.

RBI quarterly announce CRR Cash Reserve Ratio in the range 4% to 5%.say it is true

a)

Yes

b)

No

18.

Budget is an Annual Financial Statement. Railway budget separte from general budget 1924. It is merged to general budget from 2016. Say it is true

a)

Yes

b)

No

19.

If my mummy go to purchase around the bill is Rs.1000 it has include GST Rs.57.in this case my mummy has pay tax directly to the shop. So it is the example of Direct Tax.Say it is true

a)

Yes

b)

No

20.

Recently Allhabad Bank merged to which bank under Banking amalgamation Act

a)

PNB

b)

Canara bank

c)

Indian bank

d)

Uniin Bank of india

21.

Recently which bank is merged to DBS Bank. Due cannot follow RBI direction such as CRR SLR etc

a)

Yes bank

b)

Syndicate bank

c)

Lakshmi vilas bank

d)

ING Vysya bank

22.

My mom is tell RBI issue license at the time for IPPB is Payment Bank category. Now it is got Small Finance Bank category. IPPB is now not a Payment Bank. Say it is true

a)

Yes

b)

No

23.

As per Indinan payment system NEFT&RTGS ia regulations by RBI. UPI,IMPS,ATM is maintain by NPCI Nation Payment Corporation of India but Control is RBI. Say it is true

a)

Yes

b)

No

24.

NBFC Non Banking Finanacial Company Cannot Issue Cheque.because there are not a part of Cheque Clearing & settlement mechanism. Say it is true

a)

Yes

b)

No

25.

IPPB is a

a)

Nationalised bank

b)

Pvt Ltd bank

c)

Public Ltd bank

d)

Regional Rural Bank

26.

Who is chairman of 15th Finance Commission? ??

a)

NK singh

b)

YV Reddy

c)

Raghuram Rajan

d)

Manmogan singh

27.

Who is the important factor for Inflation

a)

High Class Family

b)

Middle Class family

c)

Poor category people

d)

Sellers

28.

Base Rate is the rate below which the banks are not allowed to lend.but Differential Rate of Interest for poor people. Say it is true

a)

Yes

b)

No

29.

Choose incorrect options about Organised Money Market

a)

Try Bills---- Money need for govt

b)

Certificate of Deposit ----- Money need for bank

c)

Commercial Paper--- Money need for Corporate company

d)

Credit Card ---- Individual persons

e)

None of the above

30.

FERA abbreviation

(a)  

31.

Bank borrow money from another bank for over night i.e Short term loan is called

a)

Marginal Standing Facility

b)

Liquidity Adjustment Facility

c)

Bank Rate

d)

Repo

32.

What is the Cash Reserve Ratio CRR???

a)

The fraction of the deposit that commercial banks lend to the customers

b)

The fraction of the deposit that RBI must keep with commercial banks

c)

The fraction of the deposit that commercial bank must keep with RBI

33.

What is the Reserve Deposit ration RDR???

a)

The proportion of the Money RBI lends to commercial banks keep as reserve

b)

The proportion of total deposits Commercial bank keep as reseve

c)

The total proportion of money thay commercial bank lend to the customer

34.

Buying & Selling of Government Securities by the RBI From/to bank is called

a)

CRR

b)

OMO

c)

LAF

d)

Margin

35.

What is the ratio of deposit which commercial bank are required to keep with themselves called???

a)

CRR

b)

SLR

c)

Both