Indian Economy Questions Answers

• 1. Reserve bank of India was established on

  1. 1st April, 1935
  2. 1st April, 1936
  3. 1st April, 1937
  4. 1st April, 1938

  Answer :

  Option A

  Explanation:

  Reserve bank of India was established on 1st April, 1935. It was nationalized on 1st January, 1949.

• 2. What is Autarchy ?

  1. Gradual increase of economy.
  2. Gradual decline of economy.
  3. Self sufficiency and self reliance of economy.
  4. Dependence of economy on external factors.

  Answer :

  Option C

• 3. National Bank for Agriculture and Rural Development (NABARD) was established in ?

  1. 1980
  2. 1981
  3. 1982
  4. 1983

  Answer :

  Option C

• 4. Life Insurance Corporation (LIC) of India was established in ?

  1. 1955
  2. 1956
  3. 1957
  4. 1958

  Answer :

  Option B

  Explanation:

  Life Insurance Corporation (LIC) of India was established in September 1956.

• 5. Imperial Bank of India was old name of ?

  1. State Bank of India
  2. United Bank of India
  3. Central Bank of India
  4. Punjab National Bank

  Answer :

  Option A

• 6. National Housing Bank (NHB) was established in ?

  1. 1988
  2. 1989
  3. 1990
  4. 1991

  Answer :

  Option A

  Explanation:

  Its main function is to develop housing finance in the country.

• 7. The head quarters of world trade organisation is in

  1. Montreal
  2. Geneva
  3. New jersey
  4. Seatle

  Answer :

  Option B