The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

• First Five Year Plan
• Second Five Year Plan
• Third Five Year Plan
• Fourth Five Year Plan
Solution
Correct Option: B  [ Second Five Year Plan ]

Explanation:

First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Solution
Correct Option: D  [ 1951 ]

Explanation: 1951-56

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

• RBI
• SIDBI
• ICICI
• NABARD
Solution
Correct Option: B  [ SIDBI ]

Explanation:

Which of the following is not an asset held by the commercial bank ?

• Bills of exchange
• Current account deposits
• Money lent at short notice
• Credit balances with the Reserve Bank
Solution
Correct Option: B  [ Current account deposits ]

Explanation:

Who was the head of the 10th Finance Commission?

• K.C. Pant
• Manmohan Singh
• Vasant Sathe
• Shiv Shankar
Solution
Correct Option: A  [ K.C. Pant ]

Explanation:

The LPG model of development was introduced by India since:

• 1991
• 1992
• 1993
• 1994
Solution
Correct Option: A  [ 1991 ]

Explanation:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Solution
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Explanation:

In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:

• Fourth Plan
• Sixth Plan
• Eight Plan
• Tenth Plan
Solution
Correct Option: B  [ Sixth Plan ]

Explanation:

Plan finance creates increase of money supply if there is

• increase in taxes
• increase in loan from the Reserve Bank of India
• increase in loan from commercial Banks
• increase in loan from general public
Solution
Correct Option: A  [ increase in taxes ]

Explanation:

What is hard currency?

• A stable currency
• Arranged in war time
• Issued by IMF
• Given by RBI to foreign banks
Solution
Correct Option: A  [ A stable currency ]

Explanation: