Quiz 458: Indian Economy For Civil Services

November 26, 2010 August 4, 2020
12345678910
1.
Consider the following statements: 
  1. 14 major dairying states account for more than 90% of India’s Milk Production 
  2. National Dairy Plan was launched to improve the quality of Milch animals in these 14 states 
Which among the above statements is / are correct?
2.
Consider the following statements: 
  1. Among Fruits, Largest Area under cultivation in India is that of Banana 
  2. Among Fruits, Largest Production is India is that of Mango 
Which among the above is / are correct statements?
3.
Consider the following statements: 
  1. Both Coffee and Tea prefer slightly acidic Soil 
  2. Both Coffee and Tea show winter dormancy
Which among the above statements is / are correct?
4.
Consider the following statements:
  1. Most of the wool produced in India is not enough to fulfill demand of the country
  2. Most of the wool produced in India is NOT of apparel grade
Which among the above statements is are correct ?
5.
Consider the following statements:
  1. A debenture Holder is also a creditor to the company
  2. A debenture Holder is also eligible to vote in the company
Which among the above statements is/ are correct?
6.
Consider the following statements:
  1. Deficit financing essentially involves public expenditure in excess of public revenue
  2. In Deficit financing, the new currency replaces the old currency
Which among the above statements is / are correct?
7.
Consider the following statements: 
  1. Indian Rupee has faced 2 devaluations till now 
  2. Indian Rupee faced highest devaluation in 1966
Which among the above statements is / are correct?
8.
Consider the following statements:
  1. In Narrow Banking, Banks just accept deposits and provide loans.
  2. In Narrow Banking, there is rarely Asset Liability Mismatch.
Which among the above statements is / are correct?
9.
Consider the following statements: 
  1. Not all banks come under the regulation of Right to Information Act 
  2. Not all banks come under the Schedule 2 of RBI 
Which among the above statements is / are correct?
10.
Consider the following statements: 
  1. In Banks, the “Staff Security Deposits” come under Time Liabilities 
  2. In Banks. “Cash certificates” come under the Demand Liabilities
Which among the above statements is/ are correct?
« »

15 Comments

  1. Anonymous

    November 27, 2010 at 5:37 am

    Dear sir which country is the largest tea producer in the world and which is the largest consumer ,which is the largest exporter plz
    help me on this

    if another person who know it plz help me

    Reply

  2. Anonymous

    November 27, 2010 at 7:34 pm

    hasnt INDIAN RUPEE been devaluated twice only ie in 1966 and 1991..
    the answer in question 7 shows otherwise

    Reply

  3. Admin

    November 27, 2010 at 9:26 pm

    Rupee was devaluated in 1949 also. It is incorrect to say that Indian Rupee has been devalued only for two times.
    When India became a member of IMF Rupee was tied to Pound. On 18 September, 1949 Pound devalued and India to maintain par with pound, got Rupee devalued by 30.5 % as a defensive measure consequent to the devaluation by other 'sterling area' countries.This was on 19 September 1949.

    Reply

  4. russet

    November 28, 2010 at 2:56 am

    China…largest producer
    U.K…..largest consumer
    srilanka…..largest exporter

    Reply

  5. dhareshwar

    November 28, 2010 at 9:11 pm

    2nd Question –

    2. Among Fruits, Largest Production is India is that of Mango

    I suppose it is true

    Reply

  6. dhareshwar

    November 28, 2010 at 11:24 pm

    As per RBI website http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5279&Mode;=0

    Cash certificate is a 'Demand Liability'

    Reply

  7. dhareshwar

    November 29, 2010 at 12:44 am

    Indian Rupee has faced 2 devaluations till now

    is Correct – 1966 and 1991

    Reply

  8. Admin

    November 29, 2010 at 1:05 am

    Regarding question 7 please read the last line on this page: Link

    Regarding area and production, the order has been reversed in 4. Largest area is under Mango and Largest Production is of Banana.

    Cash Certificates are NOT demand Liabilities. Kindly Read the link again which your are providing here. Thanks for your comments..

    Reply

  9. dhareshwar

    November 30, 2010 at 10:33 pm

    yeah sorry, cash certificate is not Demand liability.

    Reply

  10. Anonymous

    December 1, 2010 at 8:35 am

    could u kindly give link to the source of tea..

    because i think largest tea exporter is kenya and laregst importer is russia
    india as largest consumer

    Reply

  11. Mn

    May 21, 2011 at 5:28 am

    banana has largest area under cultivation followed by mango and citrus

    Reply

  12. Mn

    May 21, 2011 at 5:34 am

    http://www.nabard.org/modelbankprojects/plant_citrus.asp

    Reply

    • admin

      May 21, 2011 at 6:36 am

      Thanks for This comment , but the info on the link you gave is not correct. The most ideal source for this info is “National Horticulture Database” on the basis of which this question has been framed. Check this snippet

      Reply

  13. Mn

    May 21, 2011 at 3:51 pm

    thanx a lot sir..

    Reply

  14. shivaji123

    May 28, 2011 at 5:24 am

    india faced devaluation in 1966 instead of 1991.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *