Indian economy miscellaneous


  1. Which from the following is NOT a Navaratna PSU ?











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    Navaratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navaratna status has been raised to 16. In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. SAIL, NTPC are now Maharatna; while Bharat Heavy Electricals Limited and Shipping Corporation of India Limited are navaratna companies.

    Correct Option: E

    Navaratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navaratna status has been raised to 16. In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. SAIL, NTPC are now Maharatna; while Bharat Heavy Electricals Limited and Shipping Corporation of India Limited are navaratna companies.


  1. Which amidst the following is a PSU ?









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    Bank of India is an Indian state-owned commercial bank with headquarters in Mumbai, Maharashtra. It has been government-owned since nationalization in 1969. It is India's 4th largest PSU bank, after State Bank of India, Punjab National Bank and Bank of Baroda.

    Correct Option: B

    Bank of India is an Indian state-owned commercial bank with headquarters in Mumbai, Maharashtra. It has been government-owned since nationalization in 1969. It is India's 4th largest PSU bank, after State Bank of India, Punjab National Bank and Bank of Baroda.



  1. Who among the following Indian Economists has done pioneering work on National Income ?









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    V.K. R.V. Rao has done pioneering works on national income in India. One of his works on national income was 'Changes in India's National Income-A Static Economy in Progress' (1954). The other was ‘The National Income of British India’ (1941).

    Correct Option: D

    V.K. R.V. Rao has done pioneering works on national income in India. One of his works on national income was 'Changes in India's National Income-A Static Economy in Progress' (1954). The other was ‘The National Income of British India’ (1941).


  1. Which from the following is not a Navaratna PSU ?









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    Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants". Life Insurance Corporation has not been conferred this status.

    Correct Option: B

    Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants". Life Insurance Corporation has not been conferred this status.



  1. Which amidst the following is a PSU ?









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    Corporation Bank is a public sector bank in India, based in Mangalore. Recently, it completed 107 years of existence on 12 March 2012.

    Correct Option: C

    Corporation Bank is a public sector bank in India, based in Mangalore. Recently, it completed 107 years of existence on 12 March 2012.