Indian Economy

1. Since independence, both development and non-development expenditures have increased; theincrease in the former being a little more than in the other. Non-development expenditure involves

subsidies, defence

2. The central banking functions in India are performed by the

Reserve Bank of India

3. Capital Output Ratio of a commodity measures

The amount of capital inverted per unit of output

4. As per the latest WTO report, the biggest exporter country in the world during 2007 was

USA

5.Which one of the following countries has achieved growth rates exceeding 9% for the last two to three decades ?

China

6.Which of the following Five Year Plan has achieved its growth targets ?

8th Plan

7. Moradabad has retaining its first rank in handicrafts exports. Which city comes at second rank ?

Jodhpur

8. Bilateral trade between India and Europe is expected to touch level of $ …… billion by 2010.

100

9.Who was the Chairman of 13th Finance Commission?

Vijay L. Kelkar

10.‘Repo rate’ is the rate at which

the banks lend to Reserve Bank of India.