Indian Economy 4

Question 1

How many stock exchanges are there in India?

Answer 1

23

• 2 national: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
• 21 regional (RSE)

Question 2

Which is India’s oldest stock exchange?

Answer 2

Bombay Stock Exchange (BSE)

• also one of Asia’s oldest stocks

Question 3

Who established the BSE?

Answer 3

The National Share and Stock Broker’s Association [1875]

Question 4

Which is India’s leading stock exchange?

Answer 4

NSE

Question 5

How many companies are listed in NSE?

Answer 5

1600

• around 1328 companies are in active status

Question 6

____ provides a modern, fully automated screen-based trading system, with over 2 lakh leading terminals.

Answer 6

NSE

Question 7

BSE figures among the world’s _____ largest exchanges in terms of cumulative market capitalisation of all companies listed on its platform, as per the latest data from the World Federation of Exchanges.

Answer 7

10th

Question 8

____ is a credit rating agency in India.

Answer 8

CRISIL

Question 9

Credit rating agency in Paris.

Answer 9

Fitch Group

Question 10

Credit rating agency in New York.

Answer 10

S & P Group

Moody’s Investor Services

Question 11

What falls under the plan expenditure?

Answer 11

Agriculture, rural development, irrigation and flood control, energy, transport and communication

Question 12

What falls under the non-plan expenditure?

Answer 12

Interest payments, defense, subsidies

Question 13

Who presents the Union Budget?

Answer 13

Finance Minister, on 1st Feb annually

• Nirmala Sitharaman [current]

Question 14

Who proposed the first budget in India?

Answer 14

John Maithai

Question 15

Who was the only woman to hold the place as Finance Minister and present the budget in her capacity as PM?

Answer 15

Indira Gandhi

Question 16

What are the types of Direct Taxes?

Answer 16

Personal Income Tax
Wealth Tax
Corporation tax
Land Revenue
Stamp duties 
Registration charges

Question 17

What are the types of Indirect Taxes?

Answer 17

Excise duty
Customs duty 
Sales tax
Service tax
VAT
Entertainment tax

Question 18

When was GST implemented in India?

Answer 18

1 Jan 2017

Question 19

What are the taxes that GST replaced?

Answer 19

Sales, Service, Central Excise Duty

Question 20

Who is the current chairman of the Finance Commission in India?

Answer 20

NK Singh

Question 21

Who was the first chairman of the Finance Commission in India?

Answer 21

KC Niyogi

Question 22

How many countries signed the agreement for the IMF in December, 1945?

Answer 22

29

Question 23

How many members did the IMF originally have?

Answer 23

45

Question 24

How many members does the IMF currently have?

Answer 24

190

Question 25

Which country holds the largest and smallest quota in the IMF?

Answer 25

US [largest] | Tuvalu [smallest]

Question 26

What is also called 'paper gold'?

Answer 26

Special Drawing Rights

Question 27

Where was the World Bank created?

Answer 27

Bretton Woods Conference

Question 28

Who are the 'twin sisters' of Bretton Woods?

Answer 28

IMF & World Bank

Question 29

What is the official goal of the World Bank?

Answer 29

Reduction of poverty

Question 30

What is known as the 'soft loan window' of the IMF?

Answer 30

International Development Association (IDA)

Question 31

What is the role of the International Centre for Settlement of Investment Disputes (ICSID)?

Answer 31

For reconciliation of disputes in investment between member countries - 163 member states (162 UN member states plus Kosovo)

Question 32

How many members are there in the Multilateral Investment Guarantee Agency (MIGA)?

Answer 32

157 developing countries | 25 industrialised countries

Question 33

Where are the headquarters of the World Trade Organization?

Answer 33

Geneva

Question 34

The WTO was constituted under this agreement in 1995.

Answer 34

Marrakesh Agreement

Question 35

How many members are in the WTO?

Answer 35

164 members

Question 36

Where was the first WTO ministerial conference held?

Answer 36

Singapore

Question 37

Where was the 11th WTO ministerial conference held?

Answer 37

Buenos Aires

Question 38

What is the aim of Asian Development Bank?

Answer 38

To accelerate economic and social development in Asian and Pacific regions

Question 39

Where are the headquarters of the Asian Development Bank?

Answer 39

Manila, Phillipines

Question 40

Who holds the largest portion of shares in the Asian Development Bank?

Answer 40

Japan [15.7%] - US holds 15.6% - India holds 6.4%

Question 41

Which states accounts for 9/10th of the national rubber production?

Answer 41

Kerala

Question 42

Who gave the first scientific estimates of National Income in India?

Answer 42

Dr. VKRV Rao

Question 43

Who was the first chairman of the National Statistical Commission [2005]?

Answer 43

SD Tendulkar

Question 44

Which country is the largest FDI investor in India since 2015?

Answer 44

Singapore - then Mauritius & Netherlands

Question 45

What was the other name for the Bombay Plan in 1944?

Answer 45

Plan of Economic Developmental for India

Question 46

Who is the current president of the ADB?

Answer 46

Masatsugu Asakawa

Question 47

The 'cafeteria approach' is associated with?

Answer 47

Family Planning

Question 48

India is the world's largest producer of which crops?

Answer 48

Milk, pulses and jute

Question 49

In India, how many days of work should be called in for a person to be considered employed?

Answer 49

273

Question 50

Is GST a sales tax or VAT?

Answer 50

Both

Question 51

Which Indian Bank has maximum number of branches outside India?

Answer 51

SBI

Question 52

What is India's rank in greenhouse gas emissions in the world?

Answer 52

3rd

Question 53

Which country is the largest emitter of greenhouse gases?

Answer 53

China