Indian Economy

1.A Miniratna–Category–1 Status holding public sector company in India can incur expenditure on modernization, new projects as well as equipment purchase without the approval of the Government, up to:
[A]Rs 100 Crores
[B]Rs 500 Crores
[C]Rs 1000 Crores
[D]Rs 1500 Crores

2.With reference to the Economic Growth of India in the previous five year plans, which among the following observations is / are correct?

1. The Growth rate in 11th five year plan was less than targeted

2. The growth rate achieved in 11th five year plan was more than the growth achieved in 10th plan

Choose the correct option from the codes given below:
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct

3.In which year , the Foreign Exchange Management Act (FEMA) came into force ?

[A]1997
[B]1998
[C]1999
[D]2000

4.Which among the following is India’s first Oil refinery ?
[A]Guwahati Refinery
[B]Vishakhapatnam Refinery
[C]Digboi Refinery
[D]Barauni Refinery

5.Which among the following banks has launched the ‘Tatkal’, scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account?

[A]State Bank of India
[B]Bank of India
[C] Canara Bank
[D]Union Bank of India

6.Which among the following is the largest shareholder in “Infradebt “, India’s first Infrastructure Debt Fund (IDF) under the non-banking financial company?

[A]LIC
[B]Bank of Baroda
[C]ICICI Bank
[D]CITIBank

7.Who among the following is the only finance minister of India to present the Union budget on his birthday?

[A]Manmohan Singh
[B]Morarji Desai
[C]Yahshant Sinha
[D]Jaswant Singh

8.Who among the following is known to have given the shortest ever interim budget speech in India?

[A]K.C. Neogy
[B]H.N. Bahuguna
[C]H. M. Patel
[D]Rajiv Gandhi

9.As per the recently released data, which among the following states of India has recorded highest growth rate in 11th Five Year plan?

[A]Gujarat
[B]Maharashtra
[C]Bihar
[D]Rajasthan

10.Which of the following is a Miniratna company?

[A]Neyveli Lignite Corporation Limited
[B]Bharat Heavy Electricals Ltd
[C]Rashtriya Ispat Nigam Limited
[D]Hindustan Newsprint Limited