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SSC CGL Economy of India — practice questions — page 2

Explore 55 free Economy of India questions in SSC CGL General Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Economy of India questions and exercises with answers

Showing questions 31–55 of 55.

What average growth rate did India record through the 1980s, against 2.9% in the 1970s?Read the answer and worked solution →In 1991, India's foreign exchange could barely cover how long of imports?Read the answer and worked solution →Who was finance minister when the 1991 reforms began under Narasimha Rao?Read the answer and worked solution →The 1991 policy pre-approved foreign investment up to what equity share?Read the answer and worked solution →By what name is Manmohan Singh's 1991 budget known?Read the answer and worked solution →The Narasimham Committee of 1991 urged cutting SLR from 38.5% to what level?Read the answer and worked solution →Which date marks the founding of the RBI?Read the answer and worked solution →In what year did the RBI pass into government ownership?Read the answer and worked solution →The 1926 Royal Commission that proposed a central bank was called?Read the answer and worked solution →Which animal replaced the lion in the original seal sketch of the RBI?Read the answer and worked solution →The Monetary Policy Committee was set up by amending the RBI Act in which year?Read the answer and worked solution →Sovereign Gold Bonds were meant to reduce what?Read the answer and worked solution →Who issues one-rupee paper currency in India?Read the answer and worked solution →Salboni, home to an RBI-owned currency press, lies in which state?Read the answer and worked solution →SPMCIL's currency printing presses are at Nashik and which town?Read the answer and worked solution →Which city has a coin mint run by SPMCIL?Read the answer and worked solution →When did the RBI announce discontinuation of the ₹2,000 banknote?Read the answer and worked solution →The Foreign Exchange Management Act, 1999 came into force in which month and year?Read the answer and worked solution →The National Stock Exchange of India began trading in which year?Read the answer and worked solution →By how much did the rupee lose value against the dollar in July 1991?Read the answer and worked solution →The collapse of which country hurt India's exports and added to the 1991 crisis?Read the answer and worked solution →India's share of the world economy was about what in the year 1700?Read the answer and worked solution →Against a 4.5% target, the Second Plan's actual growth was?Read the answer and worked solution →Real growth under the Seventh Plan, against a 5.0% goal, was?Read the answer and worked solution →Which plan achieved 5.7% growth against a 5.2% target?Read the answer and worked solution →

Worked practice questions

What average growth rate did India record through the 1980s, against 2.9% in the 1970s?

  1. 4.2%
  2. 7.1%
  3. 3.8%
  4. 5.6%
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Correct answer: D. 5.6%

Liberalisation steps in the 1980s lifted average growth to 5.6%, almost double that of the 1970s.

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In 1991, India's foreign exchange could barely cover how long of imports?

  1. Three weeks
  2. Three months
  3. Six months
  4. One year
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Correct answer: A. Three weeks

Reserves had fallen so low that they covered only about three weeks of imports, bringing India near default.

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Who was finance minister when the 1991 reforms began under Narasimha Rao?

  1. Manmohan Singh
  2. Pranab Mukherjee
  3. Yashwant Sinha
  4. P. Chidambaram
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Correct answer: A. Manmohan Singh

Rao chose Manmohan Singh as finance minister and backed him fully in solving the crisis.

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More General Awareness topics

Culture of IndiaGeography of IndiaConstitution of IndiaHistory of IndiaScientific Research and Everyday ScienceEcosystemIndia and Its Neighbouring CountriesIndian Prime Ministers