Indian Economy Question Answer
Q46. Who was the first person to adopt a scientific method in estimating the national income in India
(a) PN Dhar
(b) Ashok Mitra
(c) VKRV Rao
(d) Prof Sheroi
Answer: (c) VKRV Rao
Q47. Who is the first Finance Minister to have risen to be the President of India
(a) R Venkataraman
(b) Shankar Dayal Sharma
(c) K. R. Narayanan
(d) S Radhakrishnan
Answer: (a) R Venkataraman
Q48. Who has presented the maximum number of budgets with 10 budgets
(a) Pranab Mukherjee
(b) Yashwant Sinha
(c) Morarji Desai
(d) P. Chidambaram
Answer: (c) Morarji Desai
Q49. Which Finance Minister has introduced the service tax concept in india
(a) P. Chidambaram
(b) Manmohan Singh
(c) Indira Gandhi
(d) I. K. Gujral
Answer: (b) Manmohan Singh
Q50. In which year budget, the service tax concept was first introduce in India
(a) 1994-95
(b) 1995-96
(c) 1991-92
(d) 1992-93
Answer: (a) 1994-95
Q51. In which sector Indian Govt allow 100% foreign direct investment
(a) Telecome
(b) Petroleum refining
(c) Insurance
(d) Defence Production
Answer: (a) Telecome
Q52. India changed over to the decimal system of coinage in the year
(a) 1959
(b) 1948
(c) 1957
(d) 1952
Answer: (c) 1957
Q53. Which among the followings is the oldest Public Sector Bank of India
(a) Punjab National Bank
(b) Industrial Development Bank of India
(c) Allahabad Bank
(d) Central Bank of India
Answer: (c) Allahabad Bank
Q54. The Government of India earns maximum revenue from
(a) Income Tax
(b) Corporate Tax
(c) Sales Tax
(d) Central Bank of India
Answer: (b) Corporate Tax
Q55. How many banks of Indian are nationalized in 1969
(a) 8
(b) 12
(c) 14
(d) 18
Answer: (c) 14
Q56. Which Prime Minister launched the Pradhan Mantri Jan Dhan Yojana
(a) Manmohan Singh
(b) Narendra Modi
(c) Atal Bihari Vajpayee
(d) Rajiv Gandhi
Answer: (b) Narendra Modi
Q57. The National Bank for Agriculture and Rural Development(NABARD) was founded in
(a) 1982
(b) 1984
(c) 1985
(d) 1990
Answer: (a) 1982
Q58. The paper currency was first started in india
(a) 1852
(b) 1861
(c) 1865
(d) 1890
Answer: (b) 1861
Q59. The 1000 rupee note was first published in the year
(a) 1900
(b) 1902
(c) 1906
(d) 1909
Answer: (d) 1909
Q60. In which year Amartya Sen was awarded the Nobel Memorial Prize in Economic Sciences
(a) 1996
(b) 1998
(c) 2001
(d) 2005
Answer: (b) 1998
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