Economic and Banking Questions and Answers

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Economic and Banking Questions with Answers are essential for candidates preparing for IBPS, SBI, and RBI bank exams. These aptitude questions and answers cover key concepts in economics, monetary policy, banking terms, and financial awareness. Mastering this topic boosts your performance in the general awareness and aptitude sections of banking tests. Practicing economic and banking aptitude questions with explanations enhances your understanding of current financial systems. Download free PDFs or attempt online practice tests to strengthen your preparation for upcoming banking exams.

Economic and Banking

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41. VAT is imposed-

  • Directly on consumer
  • On final stage of production
  • On first stage of production
  • On all stages between production and final sale
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42. The newly appointed person as Chairman of CBDT is-

  • S. Sridhar
  • S. S. N. Moorti
  • Rajiv Chandrashekhar
  • Venugopal Dhoot
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43. Kutir Jyoti scheme is associated with-

  • Promoting cottage industry in villages
  • Promoting employment among rural unemployed youth
  • Providing electricity to rural families living below the poverty line
  • All of these
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44. Novelis has been acquired and merged with-

  • Tata Steels
  • SAIL
  • HINDALCO
  • Jindal Steels
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45. OTCEI is-

  • Atomic Submarine of China
  • Economic Policy of USA
  • An Indian Share Market
  • A Defence Research Organisation
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46. Foreign Trade Policy 2009-10 document fixes the export target for 2009-10 as-

  • $ 140 billion
  • $ 175 billion
  • $ 150 billion
  • $ 200 billion
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47. Gross Budgetary Support (GBS) for 2008–09 as per document of 11th plan stands at Rs. 2,28,725 crore but in budget proposals for 2008–09 it was raised to-

  • Rs. 2,23,386 crore
  • Rs. 2,43,386 crore
  • Rs. 2,63,386 crore
  • Rs. 28,456 crore
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48. The base year of Industrial Production Index is being shifted from 1993-94 to-

  • 2004-05
  • 1999
  • 2000-01
  • 1999-2000
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49. In Interim Budget proposals for 2009–10, which of the following gives 22% contribution in revenue collection of union government ?

  • Income Tax
  • Excise
  • Corporation Tax
  • Non-tax Revenue
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50. The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI-UNME) is-

  • 1980-81
  • 1981-82
  • 1982-83
  • 1984-85
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