Indian Economy Questions

Q:

What is CPC  ?

A) Central Person scheme B) Central Pay commission
C) Central Paid determination D) Central Pay scheme
 
Answer & Explanation Answer: B) Central Pay commission

Explanation:
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Q:

India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development.

A) 45th B) 145th
C) 107th D) 56th
 
Answer & Explanation Answer: A) 45th

Explanation:

India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was “pushed out” of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center.

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Q:

Which Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) ?

A) SBI B) Dena Bank
C) IDBI Bank D) Yes Bank
 
Answer & Explanation Answer: C) IDBI Bank

Explanation:

IDBI Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance.

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Q:

Which statement describes the term salary?

A) Salary refers to the fixed amount paid on a daily basis. B) Salary refers to the varying amount paid on a daily basis.
C) Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis. D) None of the above
 
Answer & Explanation Answer: C) Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis.

Explanation:

A salary is best described as a fixed amount of income that is paid to an individual on a weekly, bi-weekly or monthly basis.

 

A salary can also be described as the annual earnings paid out over a year.

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Q:

Which of the following is the scheme for which entire premium of the assured person is paid by the Central Government

A) Jawahar Bhima Yojana B) Shiksha Sahyog Yojana
C) Swarnajayanti Shahari Rozagar Yojana D) None of these
 
Answer & Explanation Answer: B) Shiksha Sahyog Yojana

Explanation:
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Q:

The period of Eleventh Five Year Plan is

A) 2005 to 2010 B) 2006 to 2011
C) 2007 to 2012 D) 2008 to 2013
 
Answer & Explanation Answer: C) 2007 to 2012

Explanation:
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Q:

Which state of India has recorded the highest rate of population growth in the last Census 2001

A) Gujarat B) Manipur
C) Nagaland D) Haryana
 
Answer & Explanation Answer: C) Nagaland

Explanation:
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Q:

Who was appointed as Deputy Governor of RBI recently ?

A) SS Mundra B) Viral Acharya
C) Urjit Patel D) R Gandhi
 
Answer & Explanation Answer: B) Viral Acharya

Explanation:

The government on 28th December, 2016 appointed Viral Acharya as the Deputy Governor of the RBI. He will be joining the ranks of NS Vishwanathan, SS Mundra, R Gandhi as one of four Deputy Governors under RBI Governor Urjit Patel. Acharya has been serving as a Professor of Economics at the New York University Stern School of Business since 2008.

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