Indian economy miscellaneous


  1. Which of the schemes of the Government of India makes Indian cities free from slums?









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    Rajiv Awas Yojana (RAY) envisages a “Slum Free India" with inclusive and equitable cities in which every citizen has access to basic civic infrastructure and social amenities and decent shelter. It aims to make India slum-free by 2022 by providing people with shelter or housing, free of cost. It was introduced by the Union Ministry of Housing and Alleviation.

    Correct Option: C

    Rajiv Awas Yojana (RAY) envisages a “Slum Free India" with inclusive and equitable cities in which every citizen has access to basic civic infrastructure and social amenities and decent shelter. It aims to make India slum-free by 2022 by providing people with shelter or housing, free of cost. It was introduced by the Union Ministry of Housing and Alleviation.


  1. Which of the following method is not used in determining National Income of a country ?









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    The national income of a country can be measured by three alternative methods: (i) Product Method: measures national income as a flow of goods and services (ii) Income Method: measures national income as a flow of factor incomes and (iii) Expenditure Method: measures national income as a flow of expenditure.

    Correct Option: D

    The national income of a country can be measured by three alternative methods: (i) Product Method: measures national income as a flow of goods and services (ii) Income Method: measures national income as a flow of factor incomes and (iii) Expenditure Method: measures national income as a flow of expenditure.



  1. The Monetary and Credit Policy is announced by which of the following ?









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    Monetary policy is the defining function of the central bank of a country. The Reserve Bank of India announces a set of measures of both short-term and structural nature in the two bi-annual statements on monetary and credit policy. These documents are normally released in April and October of each year.

    Correct Option: B

    Monetary policy is the defining function of the central bank of a country. The Reserve Bank of India announces a set of measures of both short-term and structural nature in the two bi-annual statements on monetary and credit policy. These documents are normally released in April and October of each year.


  1. RRBs are owned by









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    RRBs are jointly owned by the Centre, the State Government concerned and sponsor banks, with the issued capital shared in the ratio 50:15:35, respectively. According to the RRB Act, 1976 the authorised capital of each such bank is Rs 5 crore and the issued capital, a maximum of Rs 1 crore.

    Correct Option: D

    RRBs are jointly owned by the Centre, the State Government concerned and sponsor banks, with the issued capital shared in the ratio 50:15:35, respectively. According to the RRB Act, 1976 the authorised capital of each such bank is Rs 5 crore and the issued capital, a maximum of Rs 1 crore.



  1. Which is the first Indian Company to be listed in NASDAQ?









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    Infosys Technologies became the first Indian company to be listed on the US NASDAQ in March 1999. Infosys was incorporated on July 2, 1981 as a private limited company in India. It became public limited company in June 1992.

    Correct Option: D

    Infosys Technologies became the first Indian company to be listed on the US NASDAQ in March 1999. Infosys was incorporated on July 2, 1981 as a private limited company in India. It became public limited company in June 1992.