Topic-6
Economy
INDUSTRY
1. Which is the largest industry of India ?- Cotton and Synthetic Textile
2. Where was the first Indian modernized cotton cloth mill was established in 1818 ?- Fort Gloster Near Kolkata
3. Where was the first jute mill was established in 1855 AD ?-Rishra, Bengal
4. Which country is the largest producer of Jute in the world ?-India
5. Which country is the largest consumer of gold in the world ?- India
6. Name the four biggest diamond cutting centre of the World :
· Surat / Mumbai –India
· Antwerp –Belgium
· New York-USA
· Ramat Gan-Israel
7. Which country is the largest producer of Silk in the World ?- China
8. Which country is the second largest producer of Silk in the World ?- India
9. Name the centers for the Production of Silk in the India :
· Bhoodan Pochampally
· Kanchipuram
· Dharamvaram
· Mysore
10. Which country is the largest producer of Sugar in the World ?- India
11. Which committee was set up to study the sugar industry in the India ?- B.B. Mahajan Committee
12. In which year the first Cement Industry of India i.e. Indian Cement Company Limited Manufactured cement at Porbandar in Gujarat ?- 1914 AD
13. Which country is the largest producer of Cement in the World ?- China
14. Which country is the second largest producer of Cement in the World ?- India
15. What is the rank of India in the manufacture of tractors ? – First
16. Which fund is used for the welfare of the workers of the Un-organised sector ?- National Social Security Fund
17. What is the name of the domestic program for the manufacturing of products in India ?- Make in India
18. Which program of the Government of India aims are providing government services online to the citizen of India ?- Digital India
19. What is the full form of the BOP ?- Balance of Payment
20. What is the full form of the BoT ?- Balance of Trade
· Balanced BOT i.e. Exports = Imports
· Adverse BOT i.e. Exports < Imports
· Favourable BOT i.e. Exports > Imports
21. What is the full form of FERA ?- Foreign Exchange Regulation Act
22. What is the full form of FEMA ?- Foreign Exchange Management Act. It replaced FERA.
23. What is the full form of SEZ ? – Special Economic Zone
24. In which year SEZ Act came into being ?- 2005
25. At which place the first Export Processing Zone was set up ?- Kandla, Gujarat
26. What is the time period of the Foreign Trade Policy in India ?- 2015-2020 AD
27. What is the full form of FDI ?- Foreign Direct Investment
28. What is the full form of FII ?- Foreign Institutional Investment
29. What is the full form of LLP ? – Limited Liability Partnership
THE INDIAN CURRENCY SYSTEM
30. The present currency system of India was adopted in which year ?- 1957 AD
31. Who headed the working group of RBI on Money Supply for money class classification ?- Y.V. Reddy
32. Places where coins are minted in India :
· Mumbai
· Kolkata
· Hyderabad
· Noida
33. Security Press Station
1. India Security Press Nashik
2. Security Printing Press Hyderabad
3. Currency Notes Press Nashik
4. Bank Notes Press Dewas
5. Modernised Currency Notes Press Mysore (Karnataka )
Salbani (West Bengal )
6. Security Paper Hoshangabad
34. What is the general increase in the price level called ?- Inflation
35. What are the causes of Inflation ?
· Printing too much money
· Increase in Money Supply in Economy
· Increase in Production Cost
· Tax Rise
· Decline in Exchange Rate
· War & other events causing instability
36. What are the impacts of inflation ?
· Bad for lenders
· Balance of Trade can become unfavourable.
· Reduction of Real Income
· Economic Stagnation due to persistent high inflation.
37. Measures to Control Inflation :
· Increasing the Bank Interest Rates
· Regulating Fixed Exchange Rate of the Domestic Currency
· Controlling Prices and Wage
· Providing Cost of Living Allowances to Citizens
· Regulation of black and speculating market.
38. What is the full form of WPI ?-Wholesale Price Index
39. What is the base year for the WPI ?– 2011-12 AD
40. What is the full form of CPI ? – Consumer Price Index
41. What is the general fall in the price level is called ?–Deflation
42. What is the situation called when we have the slow economy with high inflation rates and unemployment ?- Stagflation
BANKING
43. Which was the First Indian Bank of India ?- Oudh Commercial Bank. First Bank of India was Bank of Hindustan .
44. In which year Oudh Commercial Bank was established ?- 1881 AD
45. In which year the largest bank the Imperial Bank of India was nationalized ?- 1955 AD
46. With which name the Imperial Bank of India was nationalized ?- State Bank of India
47. In which year the Reserve Bank of India Act was passed ?- 1934 AD
48. Who was the first Governor of Reserve Bank of India ?- Osborne Smith
49. In which year RBI was nationalized ?- 1949 AD
50. Who was the First Indian Governor of RBI ?- C.D. Deshmukh