Indian economy miscellaneous


  1. The biggest item of India’s imports is :









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    As per the Economic Survey 2011-12, Petroleum, oil and lubricants (POL) imports constituted 31.4 per cent of total imports in the first half of 2011-12 due to high prices of crude oil. Food and allied products comprised 3.1 per cent share; Fertilizers: 1.7 per cent; Capital Goods: 11.6 per cent; Chemicals: 5.1 per cent; Pearls, Precious Stones: 6.0 per cent; Gold & Silver: 13.3 per cent; and Electronic goods comprised 7.2 per cent share of the total imports.

    Correct Option: C

    As per the Economic Survey 2011-12, Petroleum, oil and lubricants (POL) imports constituted 31.4 per cent of total imports in the first half of 2011-12 due to high prices of crude oil. Food and allied products comprised 3.1 per cent share; Fertilizers: 1.7 per cent; Capital Goods: 11.6 per cent; Chemicals: 5.1 per cent; Pearls, Precious Stones: 6.0 per cent; Gold & Silver: 13.3 per cent; and Electronic goods comprised 7.2 per cent share of the total imports.


  1. Which of the following is the specially designed scheme for the welfare of the Indian women introduced recently by General Insurance?









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    Raj Rajeshwari Mahila Kalyan Yojana is a personal accident insurance scheme which provides economic security to women irrespective of their income, occupation or vocation. All sections of women in the age group 10 to 75 years are eligible for this scheme. Premium is Rs.15/- per woman per annum for the basic cover and Rs23/- per woman per annum for both basic and additional cover.

    Correct Option: A

    Raj Rajeshwari Mahila Kalyan Yojana is a personal accident insurance scheme which provides economic security to women irrespective of their income, occupation or vocation. All sections of women in the age group 10 to 75 years are eligible for this scheme. Premium is Rs.15/- per woman per annum for the basic cover and Rs23/- per woman per annum for both basic and additional cover.



  1. The largest source of revenue to the Union Government is









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    Income Tax (corporate and non-corporate combined) contribute about 56 per cent of tax revenue of India. But, income tax, apart from agricultural income is shared between the Union and states. Among the given options, Excise duty is the chief and single largest source of revenue income.

    Correct Option: B

    Income Tax (corporate and non-corporate combined) contribute about 56 per cent of tax revenue of India. But, income tax, apart from agricultural income is shared between the Union and states. Among the given options, Excise duty is the chief and single largest source of revenue income.


  1. The first state owned company from India to be listed on the New York Stock Exchange is









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    Videsh Sanchaar Nigam Limited (VSNL) was the first Indian PSU to be listed in the New York Stock Exchange in 2000. The company operates a network of earth stations, switches, submarine cable systems, and value added service nodes to provide a range of basic and value added services.

    Correct Option: A

    Videsh Sanchaar Nigam Limited (VSNL) was the first Indian PSU to be listed in the New York Stock Exchange in 2000. The company operates a network of earth stations, switches, submarine cable systems, and value added service nodes to provide a range of basic and value added services.



  1. Which Indian private sector company has the largest sales turnover?









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    In 2012, Reliance Industries posted its highest ever turnover of USD 66.8 billion and net profit of USD 3.9 billion. Reliance Industries, is country’s largest private sector company on all major financial parameters with a turnover of Rs 339,792 crore, cash profit of Rs 31,994 crore and net profit of Rs 20,040 crore as of March 31,2012.

    Correct Option: B

    In 2012, Reliance Industries posted its highest ever turnover of USD 66.8 billion and net profit of USD 3.9 billion. Reliance Industries, is country’s largest private sector company on all major financial parameters with a turnover of Rs 339,792 crore, cash profit of Rs 31,994 crore and net profit of Rs 20,040 crore as of March 31,2012.