WBCS Prelims-2009 Indian Economy Previous Year Questions Solved | By- Examprotiyogita.com

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WBCS Prelims-2009 Indian Economy

Q1. World Trade Organization was established in the year -

(A) 1986

(B) 1995

(C) 2000

(D) 2005

ANS: (B) 1995

Q2. The real introduction of Decentralized Planning in India was made for the first time during the -

(A) 7th Plan

(B) 8th Plan

(C) 9th Plan

(D) 10th Plan

ANS: (C) 9th Plan

Q3. The largest expenditure head in the Revenue Account of the last Union Budget is -

(A) Defence

(B) Interest Payment

(C) Social Service

(D) Subsidy

ANS: (B) Interest Payment

Q4. Which one of the following rates is not determined by the Reserve Bank of India?

(A) CRR

(B) SLR

(C) Repo Rate

(D) Prime Lending Rate

ANS: (D) Prime Lending Rate

Q5. The largest source of India's Gross Domestic Product is -

(A) Agriculture and Allied Activities

(B) Foreign Trade

(C) Manufacturing, Construction Industry, Electricity and Gas

(D) Services Sector

ANS: (D) Services Sector

Q6. The Draft Eleventh Five-Year Plan (2007-12) aims to achieve an average annual growth rate of -

(A) 8 per cent

(B) 9 per cent

(C) 9.5 per cent

(D) 10 per cent

ANS: (D) 9 per cent

Q7. Which of the following taxes/duties is not under the jurisdiction of The Central Government?

(A) Land Revenue

(B) Personal Income Tax

(C) Corporate Income Tax

(D) Customs Duties

ANS: (A) Land Revenue

Q8. The 13-member Committee of Secretaries formed by the Central Government to process the 6th Pay Commission Report was headed by -

(A) Revenue Secretary RV. Bhida

(B) Expenditure Secretary Sushma Nath

(C) Cabinet Secretary K. M. Chandrashekhar

(D) Finance Minister P. Chidambaram

ANS: (C) Cabinet Secretary K. M. Chandrashekhar

Q9. Who is the present Governor of Reserve Bank of India?

(A) B. D. Jalan

(B) Y. V. Reddy

(C) P. Narasimhan

(D) J. Shetty

ANS: (B) Y. V. Reddy (in 2009)

Q10. Which of the following public sector companies has been recently granted Navratna Status by the Union Government?

(A) Rural Electrification Corporation (REC)

(B) Bharat Electronic Ltd.

(C) Hindustan Aeronautics Ltd.

(D) None of the above

ANS: (A) Rural Electrification Corporation (REC)

Q11. The basis for determination of Dearness Allowance of urban salaried workers and government employees in India is -

(A) Wholesale Price Index

(B) Consumer Price Index (CPI)

(C) CPI for agricultural labourers

(D) CPI for urban non-manual employees

ANS: (B) Consumer Price Index (CPI)

Q12. National Development Council deals with -

(A) The approval of Five-Year Plans

(B) Poverty Alleviation Programmers

(C) Rural Development Programmers

(D) Preparation of Development Plans

ANS: (A) The approval of Five-Year Plans

Q13. Which of the following industries is most adversely affected by the recent surge of Indian rupee against the dollar?

(A) Metal

(B) Information Technology

(C) Capital Goods

(D) Pharmaceuticals

ANS: (A) Metal

Q14. Which of the following statement is NOT true?

(i) RBI has hiked the Cash Reserve Ratio (CRR) by 50 basis points,

(ii) RBI did not change the Repo Rate (upto September 2008)

(iii) RBI has hiked the Repo Rate by 50 basis points.

Choose the correct code:

(A) only i

(B) only ii

(C) only iii

(D) all of the above

ANS: (B) only ii

Q15. At present, as per government rulings, the maximum area allowed for a Special Economic Zone (SEZ) is -

(A) 2000 hectares

(B) 3000 hectares

(C) 4000 hectares

(D) 5000 hectares

ANS: (D) 5000 hectares

Q16. The slogan "Garibi Hathao" was included in which Five Year Plan?

(A) Third Plan

(B) Fourth Plan

(C) Fifth Plan

(D) Sixth Plan

ANS: (B) Fourth Plan

Q17. Recently in 2008. which bank was merged with the State Bank of India?

(A) Bank of India

(B) Bank of Maharashtra

(C) Bank of Baroda

(D) Bank of Saurashtra

ANS: (D) Bank of Saurashtra