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 Indian Economy Questions

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Q:

The largest proportion of federal revenues comes from

A) borrowing B) excise taxes
C) social insurance taxes D) personal income taxes
 
Answer & Explanation Answer: D) personal income taxes

Explanation:

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.

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Q:

' Samjhauta Express ' runs between which of the following two stations

A) New Delhi - Wagah B) New Delhi - Lahore
C) Amritsar - Wagah D) Amritsar - Lahore
 
Answer & Explanation Answer: B) New Delhi - Lahore

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Q:

The Korba coalfield is located in

A) Orissa B) West Bengal
C) Chhttisgarh D) Assam
 
Answer & Explanation Answer: C) Chhttisgarh

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Q:

Bharat Nirman Programme does not cover which of the following areas

A) Rural housing B) Rural water supply
C) Irrigation facilities D) Rural Employment
 
Answer & Explanation Answer: D) Rural Employment

Explanation:
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Q:

Which one of the following is NOT a characteristic of the population of a developed country

A) Low birth rate and low death rate B) High birth and high death rate
C) high proportion of urban population D) low growth rate of population
 
Answer & Explanation Answer: B) High birth and high death rate

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Q:

The Buckingham Canal, which has been declared a National Waterway of India recently, is a canal running from

A) Punjab to Haryana B) Mumbai to goa
C) Vijayawada to Villupuram D) Cochin to Kozhikode
 
Answer & Explanation Answer: C) Vijayawada to Villupuram

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Q:

Which is the fastest running train on Indian railway

A) Mumbai - Goa super fast Express B) New Delhi - Lucknow Shatabdi Express
C) New Delhi -Chandigarh Shatabdi Express D) New Delhi - Mumbai Rajdhani Express
 
Answer & Explanation Answer: D) New Delhi - Mumbai Rajdhani Express

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Q:

The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

A) Fund B) Fast
C) Financial D) First
 
Answer & Explanation Answer: C) Financial

Explanation:

IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India :

1. RTGS - The Real Time Gross Settlement  (and)

2. NEFT - The National Electronic Fund Transfer (NEFT) systems.

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