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

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• 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

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• 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.

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• 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.

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• 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.

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• 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

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• 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

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