Indian economy miscellaneous


  1. The fourteen major banks in India were nationalised in the year









  1. View Hint View Answer Discuss in Forum

    In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.

    Correct Option: C

    In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.


  1. As an export item of India, which spice occupies the top position in value ?









  1. View Hint View Answer Discuss in Forum

    According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).

    Correct Option: B

    According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).



  1. The ‘more mega store’ retail chain belongs to which Indian Industry ?









  1. View Hint View Answer Discuss in Forum

    Aditya Birla Retail Limited (ABRL), the retail arm of Aditya Birla Group company, operates two store formats - Supermarket and Hypermarket under the brand ‘more’. ABRL is the 4th largest supermarket chain in India after Future Group, Reliance Retail and D-Mart.

    Correct Option: C

    Aditya Birla Retail Limited (ABRL), the retail arm of Aditya Birla Group company, operates two store formats - Supermarket and Hypermarket under the brand ‘more’. ABRL is the 4th largest supermarket chain in India after Future Group, Reliance Retail and D-Mart.


  1. In India the largest single item of current government expenditure is









  1. View Hint View Answer Discuss in Forum

    Interest payments are the single largest item of expenditure. They account for more than 40% of the total non-development expenditure. These items of expenditure are charged on the Consolidated Fund of India and are not required to be voted by the Lok Sabha.

    Correct Option: B

    Interest payments are the single largest item of expenditure. They account for more than 40% of the total non-development expenditure. These items of expenditure are charged on the Consolidated Fund of India and are not required to be voted by the Lok Sabha.



  1. India exports power to ____.









  1. View Hint View Answer Discuss in Forum

    India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal. India will export 500 MW of electricity daily to Bangladesh for 35 years.

    Correct Option: A

    India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal. India will export 500 MW of electricity daily to Bangladesh for 35 years.