Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

States earn maximum revenue through

A)

land revenue

B)

custom revenue

C)

commercial taxes

D)

excise duties on intoxicants

Correct Answer : commercial taxes

2 .

The annual yield from which of the following Union Government taxes is the highest?

A)

Custom duties

B)

Corporation tax and income tax

C)

Inheritance tax, wealth tax, interest tax and gift tax

D)

Excise duties

Correct Answer : Excise duties

3 .

The first wholly Indian Bank was set up in

A)

1794

B)

1894

C)

1896

D)

1902

Correct Answer : 1894

4 .

In India, inflation measured by the

A)

Wholesale Price Index number

B)

Consumers Price Index for urban non-manual workers

C)

Consumers Price Index for agricultural workers

D)

National Income Deflation

Correct Answer : Wholesale Price Index number

5 .

The central co-operative banks are in direct touch with

A)

farmers

B)

state co-operative banks

C)

land development banks

D)

central government

Correct Answer : state co-operative banks

6 .

In India, the first bank of limited liability manages by Indians and founded in 1881 was

A)

Hindustan Commercial Bank

B)

Oudh Commercial Bank

C)

Punjab National Bank

D)

Punjab and Sind Bank

Correct Answer : Oudh Commercial Bank

7 .

In the state of India, the State Financial Corporation have given assistance mainly to develop

A)

agricultural farms

B)

cottage industry

C)

large-scale industries

D)

medium and small-scale industries

Correct Answer : medium and small-scale industries

8 .

How many banks were nationalized in 1969?

A)

14

B)

15

C)

16

D)

17

Correct Answer : 14

9 .

The currency convertibility concept in its original form originated in

A)

Wells Agreement

B)

Bretton Woods Agreement

C)

Taylors Agreement

D)

None of the above

Correct Answer : Bretton Woods Agreement

10 .

Which of the following is not an undertaking under the administrative control of Ministry of Railways?

A)

Container Corporation of India Limited

B)

Konkan Railway Corporation Limited

C)

Diesel Locomotive Works, Varanasi

D)

Indian Railways Construction Company Limited

Correct Answer : Indian Railways Construction Company Limited