Indian Economy Question

Q16. Union budget is presented on the Parliament on 1st working day of
(a) January
(b) February
(c) March
(d) August

Q17. Which one of the following is not a direct taxbag
(a) Income Tax
(b) Wealth Tax
(c) Gift Tax
(d) Sales Tax

Q18. Reserve Bank of India was nationalised in the year
(a) 1935
(b) 1945
(c) 1949
(d) 1952

Q19. Which one is the largest banking and financial services company in India by assets
(a) Bank of Baroda
(b) Punjab National Bank
(c) State Bank of India
(d) ICICI Bank

Q20. What is the gdp per capita of india in 2012 according to World Bank data
(a) 1250 $
(b) 1489 $
(c) 1572 $
(d) 1691 $

Q21. Total number of code (character and number) in Indian Financial System Code (IFSC) system is
(a) 7
(b) 9
(c) 10
(d) 11

Q22. Which income is exempt under the Indian Income Tax Act
(a) Agricultural income
(b) Industrial income
(c) Company income
(d) NGO income

Q23. Which Indian states paying highest tax revenues
(a) Madhya Pradesh
(b) Andhra Pradesh
(c) Maharashtra
(d) Uttar Pradesh

Q24. Which Prime Minister first take steps for nationalisation of banks
(a) Rajiv Gandhi
(b) Indira Gandhi
(c) P. V. Narasimha Rao
(d) V. P. Singh

Q25. When the first Finance Commission of India is formed
(a) 1947
(b) 1950
(c) 1951
(d) 1953

Q26. Who was the first Chairman of Finance Commission of India
(a) Mahaveer Tyagi
(b) K. Santhanam
(c) J.M. Shelat
(d) K. C. Neogy

Q27. Which Prime Minister is also known as 'Father of Indian Economic Reforms'
(a) Indira Gandhi
(b) Manmohan Singh
(c) P.V.Narasimha Rao
(d) Atal Bihari Vajpayee

Q28. Who was the first Finance Minister of India
(a) R. K. Shanmukham Chetty
(b) John Mathai
(c) Jawaharlal Nehru
(d) T. T. Krishnamachari

Q29. Planning Commission reports directly to
(a) President
(b) Prime Minister
(c) Finance Minister
(d) None of the above

Q30. To which country India export highest percentage of its products
(a) China
(b) Brazil
(c) Russia
(d) USA

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