Mix OBJECTIVE TYPE QUESTION

1. The Indian Economy will grow as per the of the summit is

estimates given by the Asian Development (A) New Delhi
Bank (ADB) at which of the following rates in (B) Sri Lanka
2008 ? (C) Maldives
(A) 6.7% (D) Bangladesh
(B) 7.5% Ans: (B)
(C) 8.5% 7. When was the SAARC established ?
(D) 8% (A) On December 8, 1984
Ans (D) (B) On January 1, 1984
2. Government has notified the hike in (C) On December 8, 1985
Foreign Direct Investment (FDI) limit for (D) On January 1, 1985
Public Sector Undertakings refineries. The Ans: (C)
new FDI limit is 8. What is the present number of member
(A) 26% countries of European Economic Community
(B) 49% ?
(C) 51% (A) 15
(D) 75% (B) 12
Ans: (B) (C) 25
3. As per the report on State of Forest (D) 20
released on February 13, 2008, what is the Ans: (B)
percentage coverage of forest area in the 9. Which Committee recommended abolition
total geographical area of the country ? of tax rebates under section 88 ?
(A) 22.20% (A) Chelliah Committee
(B) 21.30% (B) Kelkar Committee
(C) 20.60% (C) Shome Committee
(D) 19.90% (D) None of the above
Ans: (C) Ans: (B)
4. 13th Finance Commission has been 10. Which of the following countries is not
constituted under the Chairmanship of the members of European Union ?
(A) Y. S. P. Thorat (A) Switzerland
(B) Vijai L. Kelkar (B) Malta
(C) T. S. Vijayan (C) The Czeck Republic
(D) Laxmi Narayan (D) Poland
Ans: (C) Ans: (A)
5. SEBI is a 11. Pradhanmantri Bharat Jodo Pariyojna is
(A) Statutory body related to
(B) Advisory body (A) Communication
(C) Constitutional body (B) Social Integration
(D) Non-statutory body (C) Linking of Rivers
Ans: (A) (D) Development of Highways
6. 15th SAARC Summit is scheduled to be Ans: (D)
held in July-August 2008. The changed venue
 Mix OBJECTIVE TYPE QUESTION

12. Sagarmala is a name associated with (D) All labours in both rural as well as urban areas
(A) A drilling vessel Ans: (B)
(B) A project of port development 18. According to 2001 census urbanrural
(C) Oil well in Indian Ocean population ratio is about
(D) None of the above (A) 35 : 65
Ans: (B) (B) 32 : 68
(C) 28 : 72
13. Tarapore Committee submitted its report (D) 25 : 75
on Full Convertibility on Rupee in Ans: (C)
(A) Current account
(B) Capital account 19. As per the final estimates of Ministry of
(C) Both in current as well as in capital account Agriculture, the rice production for 2006-07
(D) Special Drawing Rights (SDR) is estimated at
Ans: (B) (A) 80.11 MT
14. The new President of FICCI (Federation (B) 90.0 MT
of Indian Chambers of Commerce and (C) 93.4 MT
Industry) is (D) 101.60 MT
(A) K. C. Raina Ans: (C)
(B) V. P. Shetty 20. According to 2001 census the state
(C) Rajiv Chandrashekhar having highest urban population is
(D) Som Mittal (A) U.P.
Ans: (C) (B) Maharashtra
15. As per Revised Estimates for 2006-07 (C) Tamil Nadu
released by CSO, the growth rate for Indian (D) Kerala
economy has been estimated to be Ans: (B)
(A) 9.0% 21. The growth rate of construction sector
(B) 9.2% for the year 2006-07 has been estimated at
(C) 9.4% the level
(D) 9.6% (A) 9.2%
Ans: (D) (B) 8.5%
16. CENVAT is related to (C) 11.0%
(A) Sales Tax (D) 12.0%
(B) Excise Duty Ans: (D)
(C) Custom Duty 22. International Finance Corporation (IFC)
(D) Service Tax has decided to fund an Ultra Mega Power
Ans: (B) Project in Gujarat. This project belongs to
17. Aam Admi Bima Yojana provides social (A) Reliance Group
security to (B) Tata Group
(A) All labours in rural areas (C) Birla Group
(B) All landless labours living below poverty line in (D) NTPC
rural areas Ans: (B)
(C) All labours in urban areas
 Mix OBJECTIVE TYPE QUESTION

23. Which states ranks first and last (C) Gold

respectively in Education Development Index (D) Platinum
(EDI) prepared to track the progress of Ans: (A)
states towards providing universal 29. The share of road transport in total
elementary education ? transport of the country is
(A) Kerala and Orissa respectively (A) 20%
(B) Kerala and Bihar repectively (B) 40%
(C) Andhra Pradesh and Orissa respectively (C) 60%
(D) Karnataka and Bihar respectively (D) 80%
Ans: (B) Ans: (D)
24. Targeted power capacity addition for 30. 11th National Conference on e-
11th plan period is governance was held on 78 February, 2008
(A) 41110 MW at
(B) 66463 MW (A) Gurgaon (Haryana)
(C) 68963 MW (B) Chandigarh
(D) 86283 MW (C) Mohali (Punjab)
Ans: (B) (D) Panchkula (Haryana)
25. During 2006-07 which sector has shown Ans: (D)
the highest growth rate ? 31. Which percentage of Central Taxes have
(A) Service Sector been recommended by the 12th Finance
(B) Manufacturing Sector Commission to be transferred to States ?
(C) Transport and communication (A) 28.5%
(D) Agriculture Sector (B) 29.5%
Ans: (C) (C) 30.5%
26. The Ex-officio Secretary of NDC is (D) 31.5%
(A) Secretary of Finance Ministry Ans: (C)
(B) General Secretary of Lok Sabha 32. Which state possesses the maximum
(C) Secretary of Planning Commission percentage of SC population ?
(D) Vice Chairman of Planning Commission (A) U.P.
Ans: (C) (B) M.P.
27. 15th SAARC Summit was held in July (C) Kerala
August 2008. The venue of the summit was (D) Punjab
(A) New Delhi Ans: (D)
(B) Sri Lanka 33. Government has decided to cover all
(C) Maldives districts of the country in National Rural
(D) Bangladesh Employment Guarantee Programme
Ans: (B) (NREGP)
28. In National Mineral Policy (1993) which (A) Upto January 1, 2008
mineral was allowed for having investment (B) Upto March 31, 2008
from private sector (C) w.e.f April 1, 2008
(A) Coal (D) w.e.f. April 1, 2009
(B) Iron Ans: (B)
 Mix OBJECTIVE TYPE QUESTION

34. What is NIKKEI ? 39. Sampurna Gramin Rojgar Yojana has

(A) Share Price Index of Tokyo Share Market been launched from
(B) Name of Japanese Central Bank (A) 1st April, 2001
(C) Japanese name of Countrys Planning (B) 25th Sept., 2001
Commission (C) 30th Sept., 2001
(D) Foreign Exchange Market of Japan (D) No scheme of such title has yet launched
Ans: (A) Ans: (B)
35. Which statement is correct for Indian 40. Which company is providing mobile
Planning Commission ? service with name Cell one to the
(A) It is not defined in Indian Constitution consumers ?
(B) Members and vice-chairman of it do not have (A) MTNL
fixed working duration (B) BSNL
(C) Members do not require any minimum (C) Reliance Infocom
education (D) Bharti Tele
(D) All of these Ans: (B)
Ans: (D) 41. VAT is imposed
36. Which State of the following has (A) Directly on consumer
adopted VAT (Value Added Tax) w.e.f. (B) On final stage of production
January 1, 2007 ? (C) On first stage of production
(A) Tamil Nadu (D) On all stages between production and final
(B) Uttar Pradesh sale
(C) Gujarat Ans: (D)
(D) Goa 42. The newly elevated person as Joint
Ans: (A) ChairmancumManaging Director of
National Aviation Company of India Ltd.
37. Service Tax revenue collection for 2007 (NACIL) is
08 (Budget estimates) was proposed at Rs. (A) S. Sridhar
50,200 crore but the revised estimates (B) Viswapati Trivedi
remained at (C) Rajiv Chandrashekhar
(A) Rs. 50,603 crore (D) Venugopal Dhoot
(B) Rs. 52,603 crore Ans: (B)
(C) Rs. 64,460 crore 43. Kutir Jyoti scheme is associated with
(D) Rs. 64,640 crore (A) Promoting cottage industry in villages
Ans: (A) (B) Promoting employment among rural
38. NABARD was established on the unemployed youth
recommendation of (C) Providing electricity to rural families living
(A) Public Account Committee below the poverty line
(B) Shivaraman Committee (D) All of these
(C) Narsimham Committee Ans: (C)
(D) None of these 44. Novelis has been acquired and merged
Ans: (B) with
(A) Tata Steels
 Mix OBJECTIVE TYPE QUESTION

(B) SAIL (D) Non-tax Revenue

(C) HINDALCO Ans: (C)
(D) Jindal Steels 50. The base year of present Consumer Price
Ans: (C) Index (CPI) for Urban Non-Manual
45. OTCEI is Employees (CPIUNME) is
(A) Atomic Submarine of China (A) 1980-81
(B) Economic policy of USA (B) 1981-81
(C) An Indian Share Market (C) 1982-83
(D) A defence research organisation (D) 1984-85
Ans: (C) Ans: (D)
46. The New Chairman of SEBI (Securities 51. CAPART is related with
and Exchange Board of India) is (A) Assisting and evaluating rural welfare
(A) M. Damodaran programmes
(B) C. B. Bhave (B) Computer hardware
(C) Venugopal Dhoot (C) Consultant service of export promotion
(D) Sunil K. Munjal (D) Controlling pollution in big industries
Ans: (B) Ans: (A)
47. Gross Budgetary Support (GBS) for 52. Note issuing deptt. of RBI should always
200809 as per document of 11th plan possess the minimum gold stock of worth
stands at Rs. 2,28,725 crore but in budget (A) Rs. 85 crore
proposals for 200809 it has been raised to (B) Rs. 115 crore
(A) Rs. 2,23,386 crore (C) Rs. 200 crore
(B) Rs. 2,43,386 crore (D) None of these
(C) Rs. 2,63,386 crore Ans: (B)
(D) Rs. 28,456 crore 53. Which of the following does not grant
Ans: (B) any tax rebate ?
48. The base of Consumer Price Index for (A) National Saving Certificate
Industrial Workers is being shifted from (B) Indira Vikas Patra
1982 to (C) National Saving Scheme
(A) 1995 (D) Public Providend Fund
(B) 1998 Ans: (B)
(C) 2000 54. Ad hoc Treasury Bill System of meeting
(D) 2001 budget deficit in India was abolished on
Ans: (D) (A) 31 March, 1997
(B) 31 March, 1996
49. In Budget proposals for 200809, which (C) 1 April, 1992
of the following gives 24% contribution in (D) 1 April, 1995
revenue collection of union government ? Ans: (A)
(A) Income Tax 55. SEBI was established in
(B) Excise (A) 1993
(C) Corporation Tax (B) 1992
(C) 1988
 Mix OBJECTIVE TYPE QUESTION

(D) 1990 61. For 2006-07, agriculture growth rate has

Ans: (C) been estimated at
56. The working of SEBI includes (A) 3.8%
(A) To regulate the dealings of share market (B) 5.9%
(B) To check the foul dealings in share market (C) 0.0%
(C) To control the inside trading of shares (D) 6.3%
(D) All of these Ans: (A)
Ans: (D) 62. Which of the following is public sector
57. The Ad hoc Treasury Bill System of organisation ?
meeting budget deficit in India was replaced (1) FCI Food Corporation of India
by Ways and Means Advances System which (2) FCI Fertilizer Corporation of India
has come into force on (3) Cotton Corporation of India
(A) March 31, 1997 (4) Jute Corporation of India
(B) April 1, 1996 (A) Only 1 and 2
(C) April 1, 1997 (B) Only 2, 3
(D) None of these (C) Only 3, 4
Ans: (C) (D) All of these
58. Fiscal deficit as a percentage of GDP was Ans: (D)
40% in 200405 which sliped down in 63. Which day has been declared as Balika
200809 (Budget Estimates) to Diwas (Girl Day) by the Ministry of Woman
(A) 3.2% and Children Development ?
(B) 2.8% (A) April 5, every year
(C) 2.5% (B) July 9, every year
(D) 2.1% (C) October 9, every year
Ans: (C) (D) December 9, every year
59. According to the Economic Survey 2007 Ans: (D)
08 during the period April 3, 2007 and 64. For RIDF-XIII, allocation in Union
February 6, 2008 Indian rupee appreciated Budget 2006-07 was
against US dollar by (A) Rs. 4500 crore
(A) 5.6% (B) Rs. 5500 crore
(B) 6.8% (C) Rs. 10000 crore
(C) 8.9% (D) Rs. 12000 crore
(D) 9.3% Ans: (D)
Ans: (C) 65. The birth rate and death rate for the
60. Which statement of the following is true year 2006 have been estimated as
for IMF ? (A) 26.2 and 8.1 per thousand respectively
(A) It is not an agency of UNO (B) 24.8 and 8.0 per thousand respectively
(B) It can grant loan to any country of the world (C) 23.8 and 7.6 per thousand respectively
(C) It can grant loan to state Govt. of a country (D) 23.5 and 7.5 per thousand respectively
(D) It grants loan only to member nations Ans: (D)
Ans: (D) 66. Central Issue price of foodgrains under
TPDS includes price for BPL and APL (below
 Mix OBJECTIVE TYPE QUESTION

poverty line and above poverty line). What is convertibility by

the difference between the two ? (A) 2008 end
(A) Price for APL is double of BPL price (B) 2009 end
(B) Price for BPL is one-third of APL price (C) 2010 end
(C) Difference of Rs. 500 per Qt. (D) 2011 end
(D) Difference of Rs. 250 per Qt. Ans: (A)
Ans: (A) 72. Which committee recommended tax on
67. What growth target government has Agriculture Holdings ?
estimated for the domestic crude production (A) Bhootlingam Committee
for the 11th Plan (200712) ? (B) Wanchoo Committee
(A) 42% (C) Raj Committee
(B) 33% (D) None of these
(C) 29% Ans: (d)
(D) 26% 73. The Present Service Tax rate as
Ans: (D) proposed in Union Budget 2008-09 is
68. Rural women can avail the benefit of (A) 8%
Mahila Samriddhi Yojana if they open their (B) 9%
account in (C) 10%
(A) Rural Post Offices (D) 12%
(B) Commercial Banks Ans: (D)
(C) Rural Development Bank 74. The cause of deflation is
(D) Any of the above (A) Lack of goods and services as compared to
Ans: (A) money supply
69. Agriculture sector registered 6% growth (B) Lack of imports as compared to exports
in 2005-06 and it is estimated for year 2007- (C) Lack of money supply as compared to supply
08 at of goods and services
(A) Again 6% (D) None of these
(B) 4.3% Ans: (C)
(C) 3.3% 75. Which of the following is a better
(D) 2.6% measure of economic development ?
Ans: (D) (A) Employment
70. As per the second advanced estimates of (B) Size of exports
Agricultural Production for the year 2007-08 (C) Rural consumption
released by the Ministry of Agriculture, (D) National Income
Kharif production has been estimated at Ans: (D)
(A) 110.52 Million Tonnes 76. Which bank in India performs duties of
(B) 112.24 Million Tonnes Central Bank ?
(C) 114.42 Million Tonnes (A) Central Bank of India
(D) 115.9 Million Tonnes (B) State Bank of India
Ans: (D) (C) Reserve Bank of India
71. Mistry Committee in its final report (D) Above (A) and (B)
recommends full capital account Ans: (C)
 Mix OBJECTIVE TYPE QUESTION

77. Out of one Rupee expenditure, how (D) 15.8%

much paise have been allotted for subsidy in Ans: (A)
2008-09 budget proposals? 83. Indian State having the lowest Infant
(A) 12 Paise Mortality Rate is
(B) 10 Paise (A) Maharashtra
(C) 8 Paise (B) Goa
(D) 7 Paise (C) Gujarat
Ans: (C) (D) Kerala
78. India Brand Equity Fund was Ans: (D)
established in
(A) 1996 84. Smart Money is a term used for
(B) 1997 (A) Internet Banking
(C) 1995 (B) Credit Card
(D) 1992 (C) Cash with Bank
Ans: (A) (D) Cash with Public
79. Mixed Economy means Ans: (B)
(A) Co-existence of small and large industries 85. Which of the following has the maximum
(B) Promoting both Agriculture and Industries in share in GSM Mobile Phone Service Market ?
the economy (A) Vodafone (earlier Hutch)
(C) Co-existence of public and private sectors (B) Airtel
(D) Co-existence of rich and poor (C) BSNL
Ans: (C) (D) Reliance
80. Ministry of HRD has announced to hike Ans: (B)
FDI limit in Education to 86. The main objective of TRYSEM was
(A) 65% (A) To train rural youth for self employment
(B) 70% (B) To train urban youth for self employment
(C) 75% (C) Both of the above
(D) 100% (D) None of these
Ans: (D) Ans: (A)
81. Pure Banking, Nothing Else is a slogan 87. The establishment of IORARC (Indian
raised by Ocean Rim Association for Regional Co-
(A) ICICI Bank operation) was officially declared on
(B) HDFC Bank (A) March 5, 1996
(C) SBI (B) March 5, 1997
(D) UTI Bank (C) April 1, 1997
Ans: (C) (D) August 15, 1947
82. During 2006-07, External debt to GDP Ans: (B)
ratio in India stood at 88. Inside Trading is related to
(A) 16.4% (A) Share Market
(B) 17.4% (B) Horse racing
(C) 17.8% (C) Taxation
 Mix OBJECTIVE TYPE QUESTION

(D) Public Expenditure 95. Presently (from April 29, 2003) bank
Ans: (A) rate in India is
89. The largest source of National Income in (A) 7.0%
India is (B) 6.75%
(A) Service Sector (C) 6.25%
(B) Agriculture (D) 6.0%
(C) Industrial Sector Ans: (D)
(D) Trade Sector 96. Gross domestic savings as a proportion
Ans: (A) of GDP has been improving. What is the
90. Public Sector means average percentage of gross domestic
(A) Government ownership on commerce and savings during the 10th plan ?
trade (A) 26.4%
(B) Capitalist ownership on commerce and trade (B) 31.4%
(C) Private ownership on trade (C) 34.8%
(D) None of these (D) 35.2%
Ans: (A) Ans: (B)
91. NABARD is
(A) A bank 97. 12th Finance Commission has
(B) A board recommended to merge and determine one
(C) A block single interest rate on various outstanding
(D) A department central loans to states having different
Ans: (A) interest rates. What is this recommended
92. Indian Green Revolution is the most interest rate ?
successful in (A) 7.0%
(A) Wheat and Potato (B) 7.5%
(B) Jwar and Oil Seeds (C) 8.0%
(C) Wheat and Rice (D) 8.5%
(D) Tea and Coffee Ans: (B)
Ans: (C) 98. MRTP is related to
93. The period of 10th plan in India was (A) Monopoly and trade restrictions
(A) 2000-2005 (B) Inflation control
(B) 2001-2006 (C) Transport control
(C) 2002-2007 (D) Foreign Exchange Regulations
(D) 2003-2008 Ans: (A)
Ans: (C) 99. Interest Rate Policy is a part of
94. Economic Planning is in (A) Fiscal Policy
(A) Union list (B) Industrial Policy
(B) State list (C) Monetary Policy
(C) Concurrent list (D) None of these
(D) Not any specified list Ans: (C)
Ans: (C) 100. The basis of determining dearness
allowance to employees in India is
 Mix OBJECTIVE TYPE QUESTION

(A) National Income

(B) Consumer Price Index
(C) Standard of Living
(D) Per Capita Income
Ans: (B)
101. Which one of the following persons
occupies the top rank in Forbes list of
Worlds richest people ?
(A) Bill Gates
(B) Warren Buffett
(C) Carlos Slim Heln
(D) Laxmi Mittal
Ans: (B)