G.K. Practice Test: Question Set - 04
1. Eighth Five-Year plan was launched on
- (A) May 15, 1991
- (B) June 20,
1990
- (C) April
1, 1992
- (D) None
of these
2. The one-rupee notes bear the signature of the
- (A) Governor,
Reserve Bank of India
- (B) Secretary,
Ministry of Finance
- (C) Deputy
Governor, Reserve Bank of India
- (D) Joint
Secretary, Ministry of Finance
3. The first to implement the concept of planned economy was
- (A) Jawaharlal
Nehru
- (B) Joseph
Stalin
- (C) Marshal
Tito
- (D) Mao Ze Dong
4. Which of the following sectors of the economy is state-owned and its service sector is a public enterprise?
- (A) Mining
- (B) Education
- (C) Transportation
- (D) None of
these
5. National Insurance Company Ltd. is a subsidiary of
- (A) Kotak
Mahindra
- (B) LIC
of India
- (C) Telco
- (D) General
Insurance Corporation of India
6. Liquid asset is
- (A) A
type of asset that is in cash in the current account of the commercial bank
- (B) A type of
asset that is in the form of a deposit in the current account of the commercial
bank
- (C) Either of
these
- (D) None of the
above
7. Profit made when an asset is sold more than the price at which it was bought is called
- (A) Capital
- (B) Capital-gain
- (C) Capitalism
- (D) None
of the above
8. The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is
- (A) Trade gap
- (B) Turnover
- (C) Reserves
- (D) Referendum
9. Gilt-edged market means
- (A) Bullion
market
- (B) Market
of government securities
- (C) Market of
guns
- (D) Market
of pure metals
10. Development expenditure of the Central government does not include
- (A) Defence
expenditure
- (B) Expenditure
on economic services
- (C) Expenditure
on social and community services
- (D) Grant
to states
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