Tuesday, January 25, 2011

General Knowledge Quiz on India,

General Knowledge Quiz on India,
india General Knowledge Current Affairs
India General Knowledge Quiz Questions and Answers


1. Given below are two statements:
Assertion (A) The President is the part of the Parliament.
Reason (R) : A Bill passed by the two Houses of Parliament cannot become law without the assent of the President.

In the context of the above, which one of the following is correct?
(A) Both (A) and (R) are true and (R) is the correct explanation
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(C) (A) is true but (R) is false
(D) (A) is false but (R) is true

2. Which of the following are the Financial Committees of Parliament in India?

1. Public Account Committee

2. Estimate Committee

3. Committee on Public Under takings

Select the correct answer from the code given below:
(A)1 only
(B) 1 and 2
(C)l and 3
(D) 1,2 and 3

3. Which among the following is an asset for a Commercial Bank?
(A) Credit to farmers
(B) Deposits of public
(C) Borrowings from R.B.J.
(D) Demand deposits of Industries

4. What is the theme of the Eleventh Five Year Plan for education sector?
(A) Education for all
(B) Education with Sports
(C) Compulsory elementary education
(D) Vocanalisation of education

5. ‘Ecology is permanent economy’ is the slogan of which movement?
(A) Appiko Movement
(B) Narmada Bachao Andolan
(C) Chipko Movement
(D) None of the above

6. The licensing policy for the industries drew strength from?
(A) Industrial Policy Resolution 1948
(B) Industrial Policy Resolution 1956
(C) Congress Party Resolution of establishing socialistic pattern of society
(D) Industries Act 1951

7. Consider the following sources of Revenue of the Panchayats

1. Local Authority Grant by Finance Commission

2. Assistance by Central Cooperative Banks

3 Allocations for centrally sponsored schemes

4. NABARD

5. Allocation from State Finance Commission

Of the above, the correct sources of Finance for Panchayats would be

(A)1,2,3 and 5
(B)only l and 2
(C)1,2 and 5
(D)l,2,4 and 5

8. Who wrote a book describing the theory of economic drain of India during British rule?
(A) Lala Lajpat Rai
(B) Mahatma Gandhi
(C) Pt. Jawahar Lal Nehru
(D) Dadabhai Naoroji

9. The extent of money transfer to the States out of sharable pool of Tax Collection according to the 12th Finance Commission has been fixed at?
(A) 29.0 percent
(B) 29.5 percent
(C) 30.5 percent
(D) 32.0 percent

10. In India, Foreign Investment Promotion Board now works under
(A) Reserve Bank of India
(B) Ministry of External Affairs
(C) Ministry of Commerce
(D) Ministry of Finance

11. In India, between 2001 to 2005, growth rate of which sector has consistently increased?
(A) Agriculture
(B) Industry
(C) Services
(D) None of the above

12. Name the Indian Economist who won the Leontif Award 2009. Earlier this award had been won by persons such as J. K. Galbraith, Amartya Sen and others.
(A) Dr. Manmohan Singh
(B) Shanta Sinha
(C) Shankar Acharya
(D) Bina Agarwal

13. With what subject is Raghuram Rajan Committee connected?
(A) Austerity in Government Expenditure
(B) Financial Sector Reforms
(C) Export-Import Balance
(D) Rising Prices

14. In the year 2006-2007, the share of nuclear energy generated in India in the total energy gene rated was
(A) Less than 3 percent
(B) Between 3 and 4 percent
(C) Between 4 and 6 percent
(D) Between 6 and 8 percent

15. In which Five Year Plan, Economic Development rate was maximum?
(A) First Five Year Plan
(B) Sixth Five Year Plan
(C) Tenth Five Year Plan
(D) Fourth Five Year Plan

16. In which one of the year ‘Rolling
Plan’ was in operation in India?
(A)1968-69
(B) 1978-79
(C)1988-89
(D) 1990-91

17. Which State is the largest producer of ‘Tobacco’ in India?
(A) Karnataka
(B) Maharashtra
(C) Uttar Pradesh
(D) Tamil Nadu

18. The Government of India has recently acquired the RBI’s stake in
(A) NABARD
(B) State Bank of India
(C) Housing Finance Corporation
(D) IDBI

19. Free trade zone is one?
(A) Where trade is done without restriction
(B) Where any entrepreneur is free to start industries
(C) Where infrastructural facilities are provided free to entrepreneurs by the government
(D) Where industries are free from excise duties and produce for exports

20. The Government of India has replaced FERA by?
(A) The Competition Act
(B) The FEMA
(C) The Monopolies Act
(D) The MRTP Act

21. The objective of the new Foreign Trade Policy is to increase India share in the World Trade by 2009 to?
(A)1.00%
(B) 1.25 %
(C)1.50%
(D) 2.00%

22. The Forex Reserves in India have been witnessing continuous growth due to following reasons

1. Rise in FDI inflows

2. Gifts from Foreign Countries

3. High interest regime in the country

4. Huge inflows of FII funds

5. Remittances from Indians working abroad

Select the correct answer from the given codes:

Codes:
(A)1,3,4,5
(B) 1,2,3,4
(C)1,2,4,5
(D) 2,3,4,5

23.The Apex Organisation for Marketing Cooperatives at the national level is?
(A) FCI
(B) NAFED
(C) National Cooperative Union
(D) National Agricultural Marketing Board

24. ‘Golden Hand Shake Scheme’ in India is related with?
(A) Voluntary Retirement
(B) Indian Gold Dealers
(C) Foreign Cold Dealers in India
(D) Promoting Trade in Cold

25. Which of the following systems of Note-issue is followed by RBI?
(A) Proportional Reserve System
(B) Minimum Reserve System
(C) Fixed Fiduciary System
(D) None of the above

ANSWERS
1 A
2 D
3 C
4 C
5 C
6 D
7 A
8 D
9 C
10 D
11 C
12 D
13 B
14 A
15 C
16 B
17 A
18 B
19 A
20 B
21 D
22 A
23 B
24 A
25 B

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