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SBI Clerk Exam General Awareness Study Material

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Financial Awareness

The decline of Indian Handicrafts industry in the 19th century was attributed to

a) Competition from British manufacturing industries only
b) Disappearance of Indian Princely Courts only
c) Establishment of alien rule only
d) All of the above

✔Answer

✔Solution

Correct Answer Is : All of the above

Solution Is : The decline of Indian Handicrafts industry in the 19th century was attributed to competition from British manufacturing industries only, disappearance of Indian Princely Courts only and establishment of alien rule only.

When was the Minimum Wages Act enacted in India ?

a) 1936
b) 1948
c) 1951
d) 1956

✔Answer

✔Solution

Correct Answer Is : 1956

Solution Is : The Minimum Wages Act enacted in India was 1956.

Which one of the following does not deal with export promotion ?

a) Trade Development Authority
b) Minerals and Metals Trading Corporation
c) Cooperative Marketing Societies
d) State Trading Corporation of India

✔Answer

✔Solution

Correct Answer Is : Cooperative Marketing Societies

Solution Is : Cooperative Marketing Societies does not deals with export promotion.

Which of the following sets belongs to Central tax ?

a) Excise duty, Sales tax and Custom duty
b) Excise duty, Custom duty and Income tax
c) Income tax, Custom duty and House tax
d) Custom duty, Entertainment tax and Income tax

✔Answer

✔Solution

Correct Answer Is : Excise duty, Custom duty and Income tax

Solution Is : Excise duty, Custom duty and Income tax are belongs to Central tax .

Which one of the following is not an objective of fiscal policy in India ?

a) Full employment
b) Price stability
c) Equitable distribution of wealth and incomes
d) Regulation of international trade

✔Answer

✔Solution

Correct Answer Is : Regulation of international trade

Solution Is : Regulation of international trade is not an objective of fiscal policy in India.

In which market situation is the demand curve of the market represented by the demand curve of the firm ?

a) Monopoly
b) Oligopoly
c) Duopoly
d) Perfect competition

✔Answer

✔Solution

Correct Answer Is : Monopoly

Solution Is : In Monopoly , market structure is the demand curve of the market represented by the demand curve of the firm.

`Mixed Farming` means

a) Sowing of both cash and food crops
b) Sowing of two or more crops in the same field
c) Sowing of two or more plants in alternative years
d) Rearing of cattle and agriculture

✔Answer

✔Solution

Correct Answer Is : Sowing of two or more crops in the same field

Solution Is : Mixed farming ` means sowing of two or more crops in the same field

Which of the following is deducted from NNP arrive at NI ?

a) Indirect tax
b) Capital consumption allowance
c) Subsidy
d) Interest

✔Answer

✔Solution

Correct Answer Is : Indirect tax

Solution Is : Indirect tax is deducted from NNP arrive at NI.

The following tables shows the prodection of food grains (in millian tonnes) in a State for the period 1988 10 1992. Read the table and answer the qustions.

During the 1992, the percentage of increase in the prodection of wheat, over the previous year was

a) 0.2647
b) 0.2092
c) 0.2367
d) 0.1874

✔Answer

✔Solution

Correct Answer Is : 0.2647

Solution Is : The required percentage = 180*100/680 =26.47%

The Five year plan that gave priority to heavy industry was

a) Second
b) First
c) Seventh
d) Fourth

✔Answer

✔Solution

Correct Answer Is : Second

Solution Is : Second Five year plan focused on industry, especially on heavy industries. The duration of second five year plan was 1956-61. Hydroelectic power projects and 5 steel plants were set up at Bhillai (Chhattisgarh), Durgapur (Paschim Banga) and Rourkela (Odisha).

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SBI Clerk Exam General Awareness Study Material

Financial Awareness

The decline of Indian Handicrafts industry in the 19th century was attributed to

Correct Answer Is : All of the above

Solution Is : The decline of Indian Handicrafts industry in the 19th century was attributed to competition from British manufacturing industries only, disappearance of Indian Princely Courts only and establishment of alien rule only.

When was the Minimum Wages Act enacted in India ?

Correct Answer Is : 1956

Solution Is : The Minimum Wages Act enacted in India was 1956.

Which one of the following does not deal with export promotion ?

Correct Answer Is : Cooperative Marketing Societies

Solution Is : Cooperative Marketing Societies does not deals with export promotion.

Which of the following sets belongs to Central tax ?

Correct Answer Is : Excise duty, Custom duty and Income tax

Solution Is : Excise duty, Custom duty and Income tax are belongs to Central tax .

Which one of the following is not an objective of fiscal policy in India ?

Correct Answer Is : Regulation of international trade

Solution Is : Regulation of international trade is not an objective of fiscal policy in India.

In which market situation is the demand curve of the market represented by the demand curve of the firm ?

Correct Answer Is : Monopoly

Solution Is : In Monopoly , market structure is the demand curve of the market represented by the demand curve of the firm.

`Mixed Farming` means

Correct Answer Is : Sowing of two or more crops in the same field

Solution Is : Mixed farming ` means sowing of two or more crops in the same field

Which of the following is deducted from NNP arrive at NI ?

Correct Answer Is : Indirect tax

Solution Is : Indirect tax is deducted from NNP arrive at NI.

The following tables shows the prodection of food grains (in millian tonnes) in a State for the period 1988 10 1992. Read the table and answer the qustions.During the 1992, the percentage of increase in the prodection of wheat, over the previous year was

Correct Answer Is : 0.2647

Solution Is : The required percentage = 180*100/680 =26.47%

The Five year plan that gave priority to heavy industry was

Correct Answer Is : Second

Solution Is : Second Five year plan focused on industry, especially on heavy industries. The duration of second five year plan was 1956-61. Hydroelectic power projects and 5 steel plants were set up at Bhillai (Chhattisgarh), Durgapur (Paschim Banga) and Rourkela (Odisha).

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The following tables shows the prodection of food grains (in millian tonnes) in a State for the period 1988 10 1992. Read the table and answer the qustions.

During the 1992, the percentage of increase in the prodection of wheat, over the previous year was