Indian Economy Questions Answers

  • 36. Export-Import bank of India was established in ?

    1. 1981
    2. 1982
    3. 1983
    4. 1984
    Answer And Explanation

    Answer: Option B

  • 37. National Bank for Agriculture and Rural Development (NABARD) was established in ?

    1. 1980
    2. 1981
    3. 1982
    4. 1983
    Answer And Explanation

    Answer: Option C

  • 38. National Housing Bank (NHB) was established in ?

    1. 1988
    2. 1989
    3. 1990
    4. 1991
    Answer And Explanation

    Answer: Option A

    Explanation:

    Its main function is to develop housing finance in the country.

  • 39. Life Insurance Corporation (LIC) of India was established in ?

    1. 1955
    2. 1956
    3. 1957
    4. 1958
    Answer And Explanation

    Answer: Option B

    Explanation:

    Life Insurance Corporation (LIC) of India was established in September 1956.

  • 40. General Insurance Corporation (GIC) was established in ?

    1. 1971
    2. 1972
    3. 1973
    4. 1974
    Answer And Explanation

    Answer: Option B

    Explanation:

    General Insurance Corporation (GIC) was established in November 1972.

  • 41. Gilt-edged market means

    1. market of government securities
    2. bullion market
    3. market dealing with metals
    4. market dealing with exports
    Answer And Explanation

    Answer: Option A

  • 42. Gross domestic capital formation is defined as

    1. flow of expenditure devoted to increased or maintaining of the capital stock
    2. expenditure incurred on physical assets only
    3. production exceeding demand
    4. net addition to stock after depreciation
    Answer And Explanation

    Answer: Option D