Indian Economy

51. How many banks were nationalized in 1969?

A. 16
B. 14
C. 15
D. 20

Correct Answer: B. 14

52. In India, the first bank of limited liability manages by Indians and founded in 1881 was

A. Hindustan Commercial Bank
B. Oudh Commercial Bank
C. Punjab National Bank
D. Punjab and Sind Bank

Correct Answer: B. Oudh Commercial Bank

53. In India, inflation measured by the

A. Wholesale Price Index number
B. Consumers Price Index for urban non-manual workers
C. Consumers Price Index for agricultural workers
D. National Income Deflation

Correct Answer: A. Wholesale Price Index number

54. The annual yield from which of the following Union Government taxes is the highest?

A. Custom duties
B. Corporation tax and income tax
C. Inheritance tax, wealth tax, interest tax and gift tax
D. Excise duties

Correct Answer: D. Excise duties

55. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

A. 15 to 20 percent
B. 20 to 25 percent
C. 25 to 30 percent
D. 30 to 35 percent

Correct Answer: B. 20 to 25 percent

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