Indian EconomyGeneral Awareness SSC Railways State Level Teaching Exams

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Question1) 1.Export of which of the following is an Invisible Export?

[A] Services☑️☑️

[B] Prohibited goods

[C] Unrecorded goods

[D] Goods through smuggling




Option- ['True', 'False']

Answer: True

Explaination: Answer : True

Solution: A [ Services ]

Notes:

Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Here, Invisible Export means export of Services

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Question2) If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country?

[A] Increase☑️☑️

[B] Decrease

[C] Remain unaffected

[D] Either increase or decrease




Option- ['True', 'False']

Answer: True

Explaination: Answer :True

Solution: A [Increase]

Notes:

Any money that has been borrowed from foreign sources for financing the commercial activities in India are called External Commercial Borrowings. The Government of India permits ECBs as a source of finance for Indian Corporates for expansion of existing capacity as well as for fresh investment

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Question3) 3.Which among the following is the largest foodgrain producing state of India?

[A] Uttar Pradesh☑️☑️

[B] Punjab

[C] Madhya Pradesh

[D] Rajasthan





Option- ['True', 'False']

Answer: True

Explaination: Answer :True

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Question4) 4.Who among the following is called guru of Micro finance in India?

[A] Vijay Mahajan☑️

[B] Vikram Akula

[C] Muhammad Yunus

[D] Amartya Sen



Option- ['True', 'False']

Answer: True

Explaination: Answer: True

Solution: A [Vijay Mahajan]

Notes:

Vijay Mahajan is the Chief Executive Officer (CEO) of the Rajiv Gandhi Foundation and the Director of the Rajiv Gandhi Institute of Contemporary Studies. He founded PRADAN – a well known NGO in 1982. He was the founding President of MicroFinance Institutions Network (MFIN) of India in 2009

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Question5) 5.National Institute for Intellectual Property Management in India is located at:

[A] Mumbai

[B] Pune☑️☑️

[C] Nagpur

[D] Hyderabad




Option- ['True', 'False']

Answer: False

Explaination: Answer: False

Correct Answer: C [Nagpur]

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Question6) 6.Which among the following authority decides upon any issues regarding the revision of fee collected as Development Fee from Airports in India?

[A] Airport Authority of India

[B] Airports Economic Regulatory Authority☑️☑️

[C] Ministry of Civil Aviation

[D] Secretary , Ministry of Civil Aviation


Option- ['True', 'False']

Answer: True

Explaination: Answer : True

Solution: B [Airports Economic Regulatory Authority]

Notes:

The Airports Economic Regulatory Authority (AERA) Bill 2007 ensures that the watchdog monitors performance standards of airports and regulate tariff and other charges for aeronautical services including Airport

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Question7) 7.Which among the following ratio correctly denotes the Insurance Penetration?

[A] Premium Underwritten : Population

[B] Premium Underwritten : GDP

[C] Insured Population : Total Population☑️☑️

[D] Premium Underwritten : Policy Holders





Option- ['True', 'False']

Answer: False

Explaination: Answer: False


Correct Answer: B [Premium Underwritten : GDP]

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Question8) 8.Normally which of the following date of a month is observed as Customer day in Indian Banks on which the branch heads / officials are available to hear and redress customer grievances?

[A] 7th

[B] 10th

[C] 15th☑️☑️

[D] 20th



Option- ['True', 'False']

Answer: True

Explaination: Answer True

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Question9) Which among the following function of RBI gives most clear indication that it is Bankers’ Bank in India?

[A] Issuance of Currency

[B] Ways & means advances

[C] Liquidity Adjustment Facility☑️☑️

[D] Maintenance of Currency Chests




Option- ['True', 'False']

Answer: True

Explaination: Answer: True

Correct Answer: C [Liquidity Adjustment Facility]

Notes:

Issuance of currency makes RBI the sole agent of the government to issue currency notes, Ways and means advances are advances to the state and central government, Maintenance of currency chests comes under currency management, Collection of credit information is related to regulation of borrowers, Liquidity adjustment facility is the most appropriate option which gives an indication of RBI working as bankers` Bank.

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Question10) 10.Which among the following country is India’s biggest Trade partner?

[A] China☑️☑️

[B] United States

[C] UAE