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Indian Banking and Financial System

51.

During the financial year 2007- 08 India recorded a GDP growth of

Answer: C

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52.

Which of the following programs meets the credit needs of poor women?

Answer: B

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53.

The concept of scientific management is developed by

Answer: A

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54.

Consider the following statement context with India’s planning commission: 1. A Planning in the sense of formal projects on the basis of the certain sets of assumption started only in the second five year plan in India. 2. The Mahalanobis model of growing corporate possibilities opened up the foreign trade.

Select the above correct statements.

Answer: A

Mahalanobis Model of growth incorporates the possibilities opened up the foreign trade is incorrect. In simple words this model was based upon a four sector plan frame, which represents an alternative approach to planning that focuses on the bottleneck created by shortage the capital goods rather than on the shortage of the aggregate savings as a previous model given by Harrod – Dobor model.

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55.

Through open market operations, the RBI purchase and sell

Answer: D

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56.

Who was the first chairman of the Planning Commission?

Answer: B

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57.

Which among the following is characterizes by highest fixed cost and lowest Running cost?

Answer: A

Pipeline transport is the transportation of goods through a pipe. Most commonly, liquids and gases are sent, but pneumatic tubes using compressed air can also transport solid capsules. As for gases and liquids, any chemically stable substance can be sent through a pipeline therefore sewage, slurry, water or even beer are those transporting crude petroleum and defined petroleum products fuels.

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Answer: B

Small industries development organization (SIDO) was established in October, 1973 as parasitical organization under now ministry of trade, industries and marketing. SIDO’s role as the government’s instrument for small scale industrialization had been redefined to respond to the political and economic change. In 1988, SIDO started a process of restructuring aiming at improved effectiveness and efficiency as well as long term sustainability.

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59.

1853 is a landmark in India’s Transport because of:

1. First cargo plane

2. First train

3. First sir plane

4. First cargo ship

Which of the above is correct answer?

Answer: C

The history of rail transport in India began in the mid-nineteenth century. In 1845, along with sir Jamshedjee Jeejeebhog, Hon. Jaganath Shankerseth formed the Indian Railway association. As a director, shankerseth participated in the very first train journey in India between Mumbai and Thane on the 16th April, 1853 in a 14 carriage long train drawn by 3 locomotives named Sultan, Sindh and Sahib.

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60.

Which Five-year Plan is being implemented at present?

Answer: A

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