Trade and Industry Questions and Answers Current Objective type Questions

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General Awareness Quiz on Trade and Industry Multiple choice Questions with Answers for various competitive exams, interviews or entrance exams. These General Knowledge Questions will help you for Preparation of upcoming Bank Examinations. These are current Objective types Questions with answers on Business Updates, Trade and Industry.

1) The saving-investment gap during 2011-12 has been estimated at-

  1. 2.4% of GDP
  2. 2.8% of GDP
  3. 3.7% of GDP
  4. 4.1% of GDP
Show Answer
Answer = 3.7% of GDP

2) In Union Budget 2013-14, share of subsidy in Rs 1 expenditure stands at-

  1. 9 paise
  2. 10 paise
  3. 11 paise
  4. 12 paise
Show Answer
Answer = 12 paise

3) What is true for service tax in Union Budget 2013-14?

  1. Retained at 10%
  2. Raised to 12%
  3. Retained at 12%
  4. Reduced to 12%
Show Answer
Answer = Retained at 12%

4) What is percentage of a rupee has been allocated to interest payment in Union Budget 2013-14?

  1. 17 paise
  2. 18 paise
  3. 19 paise
  4. 20 paise
Show Answer
Answer = 19 paise

5) In Union Budget 2013-14 which of the following deficit has been estimate above 4% GDP?

  1. Fiscal Deficit
  2. Primary Deficit
  3. Revenue Deficit
  4. None of the above
Show Answer
Answer = Fiscal Deficit

6) Short-term debt as percentage of GDP was 2.8% in 2001-02 which at end-September 2012 went upto-

  1. 26.6%
  2. 24.3%
  3. 23.1%
  4. 20.2%
Show Answer
Answer = Fiscal Deficit

7) At end-September 2012, India's external debt stood at-

  1. $ 345.4 billion
  2. $ 358.2 billion
  3. $ 365.3 billion
  4. $ 385.6 billion
Show Answer
Answer = $ 365.3 billion

8) As per Budget 2013-14, with which of the following the maximum revenue will be collected?

  1. Corporate Tax
  2. Custom Duty
  3. Income Tax
  4. Excise Duty
Show Answer
Answer = Corporate Tax

9) In Union Budget 2013-14, the target for 2013-14, agriculture credit has been raised to-

  1. Rs 550000 crore
  2. Rs 575000 crore
  3. Rs 650000 crore
  4. Rs 700000 crore
Show Answer
Answer = Rs 700000 crore

10) The Union Budget 2013-14 projects GDP grouwth rate for 2013-14 between

  1. 5.5% to 6.1%
  2. 6.1% to 6.7%
  3. 6.5% to 7.1%
  4. 7.1% to 8.0%
Show Answer
Answer = 6.1% to 6.7%

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