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Economic Current Events Articles


1. Who was the Father of operation Flood?
a. Norman Borlaug
b. M.S. Swaminathan
c. Verghese Kurien
d. William S Gande

2. When Green Revolution started in India?
a. 1960-61
b. 1970-71
c. 1966-67
d. 1964-65

3. Which revolution was the cause of increasing oil production?
a. White Revolution
b. Yellow Revolution
c. Green Revolution
d. Gray Revolution

4. Which is the correct statement?
1. Operation Flood started in 1970
2. Multi Crop System in 1965
3. Land Reforms in 1948
4. IADP started in 1960-61
a. 1, 2
b. 1, 2, 3
c. 1, 2, 3, 4
d. 2, 3, 4

5. Which is the incorrect statement?
a. MRTP Act 1969
b. FERA Act 1975
c. SICA Act 1985
d. FEMA Act 1999

6. Economic planning is an essential Feature of?
a. Mixed Economy
b. Socialist Economy
c. Rural Economy
d. Capitalist Economy

7. Where are India’s Fertilizer industries Situated?
a. Nangal
b. Sindri
c. Vishaka
d. pali

8. When ‘Banking Regulation Act’ was passed in?
a. 1948
b. 1949
c. 1950
d. 1951

9. Small Industrial Development Bank of India (SIDBI) established in?
a. 1935
b. 1990
c. 1992
d. 1988

10. Matching.

1. LIC a. 1982
2. IFCI b. 1964
3. IDBI c. 1948
4. EXIM BANK d. 1956

a. a, b, c, d b.
b, a, c, d
c. d, c, b, a
d. d, a, b, c

11. Which five year plan is also known as D.P. Dhar?
a. 2nd plan
b. 3rd plan
c. 4th plan
d. 5th plan

12. Which is the Correct Statement?
a. 1st plan- 1950-60
b. 3rd plan- 1960-66
c. 8th plan- 1990-95
d. 11th plan- 2007-2012

13. Which Five Year Plan focussed on Faster and Inclusive growth Rate?
a. 8th plan
b. 9th plan
c. 11th plan
d. 12th plan

14. Which is the incorrect statement?
a. 5th plan focused on poverty
b. 2nd plan focused on Industries
c. 9th plan focused on Social justice and Equity
d. 10th plan Focused on Employment and Energy

15. When minimum Needs programme (MNP) started?
a. 1973
b.1974
c.1975
d. 1976

16. Dwacra programme started in?
a. 1980
b.1982
c.1985
d.1990

17. Match the following?

a. TRYSEM 1. 1993
b. NREP  2. 1983
c. RLEGP  3. 1980
d. PMRY  4. 1979

a. 1, 2, 3, 4
b. 4, 3, 2, 1
c. 1, 2, 4, 3
d. 2, 3, 1, 4

18. ICICI the Name of a…
a. Corporation
b. Organisation
c. Financial Institution
d. None

19. 1982 July 12 the ARDC was merged Into?
a. SEBI
b. NABARD
c. IDBI
d. RBI

20. The Cooperative Credit Societies have a?
a. Two tier structure
b. Three tier structure
c. Four tier structure
d. Five tier structure

21. India’s First operational Special Economic Zone is at?
a. Tirupur
b. Nagpur
c. Indore
d. Noida

22. Steel Authority of India limited (SAIL) in Famous for?
a. leather
b. Railway Coaches
c. Iron
d. Aluminium

23. The national Housing Bank established in?
a. 1998
b.1988
c.1978
d. 1990

24. Reserve Bank of India was Nationalized in the year?
a. 1935
b.1944
c.1949
d.1950

25. How many Banks were nationalized in 1980?
a. 10
b. 8
c. 7
d. 6

26. Disguised unemployment Refers to?
a. persons with No Job
b. Unemployment among women
c. More persons employed for a job which few can accomplish
d. Unemployment of people above 60 years of age

27. Which is the incorrect statement?
a.MSY- 1993
b.MPLADS- 1995
c.SJSRY- 1997
d.SGSY- 1999

28. The Head Quarters of world Trade Organisation is in?
a. Newyork
b. Newjersey
c. Geneva
d. London

29. Fiscal policy in India is formulated by?
a. RBI
b. SERI
c. Planning Commission
d. Finance Ministry

30. Special Drawing Rights (SDRs) Relate to?
a. The World Bank
b. RBI
c. IMF
d. WTO

31. Who estimated the poverty for the First time in India?
a. Dadabhai Naoroji
b. Dandekar & Rath
c. V.K.R.V. Rao
d. Harad Domar

32. Cash Reserve Ratio (CRR) is governed by the?
a. Planning Commission
b. RBI
c. Commercial Banks
d. SBI

33. Nature of unemployment in agriculture in India is?
a. Seasonal Unemployment
b. Voluntary Unemployment
c. Disguised Unemployment
d. Cyclical Unemployment

34. During Periods of Inflations, Bank Rates should?
a. Decrease
b. Increase
c. Constant
d. Fluctuate

35. During periods of Inflamation, price Rates should?
a. Increase
b. Constant
c. Fluctuate
d. Decrease

36. Which is the biggest Commercial Bank in India?
a. RBI
b. SBI
c. EXIM Bank
d. ICICI

37. Which is the biggest Tax paying sector in India?
a. Financial Sector
b. Agriculture Sector
c. Industrial Sector
d. Transport Sector

38. Comprehesive Crop Insurence Scheme (CCI) was Implemented on?
a. 1975-76
b. 1985-86
c. 1990-91
d. 1999-2000

39. Forth five year plan was Based on?
a. Harad – Domar model
b. Bramhanandam model
c. A.S.Manne & Ashok Rudra
d. Mahala Nobies Model

40. Matching.

a. NSSO  1. 1951
b. CSO  2. 1952
c. NDC  3. 1956
d. LIC  4. 1950

a. 1, 2, 3, 4
b. 4, 3, 2, 1
c. 1, 4, 3, 2
d. 4, 1, 2, 3

41. In India, agriculture Income is calculated by?
a. Output method
b. Input method
c. Expenditure method
d. Commodity flow method

42. GDP at Factor cost is,….
a. GDP minus subsidies plus indirect Taxes
b. GDP minus indirect Taxes plus Sub sidies
c. GNP minus Depriciation
d. GDP minus Depreciation

43. Depreciation is equals to.
a. GDP-GNP
b. GNP-GDP
c. GNP-NNP
d. NNP-D

44. Net National product (NNP) of a country is…
a. GDP-Depreciation
b. NDP- Depreciation
c. GNP- Depreciation
d. NNP- Depreciation

45. Which of the following canbe called as a part of the Service Sector?
a. coal mines
b. manufacturing
c. Banking
d. construction

46. poverty estimates in India are prepared by…
a. Planing Commission
b. CSO
c. NSSO
d. NITI AYOG

47. NABARD was established in the..
a. 5th plan
b. 6th plan
c. 7th plan
d. 8th plan

48. In which one of year Rolling Plan was in operation in India?
a. 1968-69
b. 1978-79
c. 1980-83
c. 1998-99

49. Census of population in India is done after?
a. 5 years
b. 8 years
c. 10 years
d. 2 years

50. Which five years plan focussed Sustainable Development in India?
a. 10th plan
b. 11th plan
c. 12th plan
d. 8th plan



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