Indian Economy GK Questions
31. What is IPO in context to a company?
- [A] The first sale of stock by a private company to the public
- [B] Upgradation of shares from primary to secondary market
- [C] Selling of shares at premium by a company
- [D] Convert of a private limited company to public limited Company
A [ The first sale of stock by a private company to the public ]
Notes:
When an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public, it is called Initial Public Offering or IPO. In an IPO, the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), the best offering price and the time to bring it to market.
32. Travel and Tourism Competitive Index (TTCI) is published by:
[A] World Economic Forum
[B] World Tourism Organization
[C] World Travel & Tourism Council
[D] Amnesty International
A [World Economic Forum]
Notes:
The Travel and Tourism Competitiveness Report is published by the World Economic Forum.
33. FEMA was implemented by replacing FERA in which year?
[A] 31.01.2002
[B] 01.06.2000
[C] 31.01.2000
[D] 01.01.2003
B [01.06.2000]
Notes:
FEMA was promulgated in the year 1999, to repeal and replace the earlier act. The act came into force w.e.f 01.06.2000.The act applies to the whole country and to all the branches and agencies of the body corporate operating outside India, whose owner or controller is an Indian resident.
34. What is the full form of EMI?
[A] Equal Monthly Installment
[B] Equated Monthly Installment
[C] Equal Monthly Income
[D] Equated Monthly Incentive
B [Equated Monthly Installment]
Notes:
EMI stands for equated monthly installment. It is one part of the equally divided monthly outgoes to clear off an outstanding loan within a stipulated time frame.
35. Where was the 1st Cotton Mill established in India?
[A] Bombay
[B] Madras
[C] Calcutta
[D] Hyderabad
A [Bombay]
Notes:
The first Indian cotton mill, “The Bombay Spinning Mill”. This mill was opened in 1854 in Bombay by Cowasji Nanabhai Davar.
36. Where is the headquarter of Bharatiya Reserve Bank Note Mudran Private Limited located?
[A] Chennai
[B] New Delhi
[C] Hyderabad
[D] Bangalore
D [Bangalore]
Notes:
The headquarter of Bharatiya Reserve Bank Note Mudran Private Limited is at Bangalore, Karnataka. It was established on 3rd February 1995. It designs, print and supply banknotes for the Reserve Bank of India(RBI).
37. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India?
[A] 1926
[B] 1927
[C] 1928
[D] 1929
A [1926]
Notes:
In 1926, the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India.38. Which state in India produces most of the silk?
[A] Karnataka
[B] Assam
[C] Kerala
[D] Andhra Pradesh
A [Karnataka]
Notes:
Karnataka is the largest producer of silk in India, producing about one-third of the country’s silk each year. The state produces an average of 8,200 metric tonnes of silk annually. The five states that produce the most silk in India are: Karnataka, Andhra Pradesh, Tamil Nadu, West Bengal, Jammu & Kashmir. These five states produce almost 97% of India’s mulberry silk.
39. Which one of the following bodies finalizes the Five-Year Plans proposals earlier?
[A] Planning Commission
[B] Union Cabinet
[C] National Development Council
[D] Ministry of Planning
A [Planning Commission]
Notes:
Planning Commission finalized the Five-Year Plans proposals earlier. It has been scraped now and replace with NITI Aayog.
40. Which among the following best describes scarcity in economics?
[A] Low demand for good
[B] High demand and less supply of good
[C] Low demand as people don’t want to consume it
[D] Goods available are not free
D [Goods available are not free]
Notes:
Scarcity means limited goods are for more number of people. In an Economy the resources are scarce and the wants are unlimited.