Economics Questions for Railway Exam 2016



GK Quiz from Economics Questions for Railway Exam 2016. Candidates those who are all preparing for these exams can use this material.

1). Meera seth committee was related to
a)   development of handlooms
b)   sex-differentiation in employment
c)   abolition of child labour
d)   welfare of working women
e)   None of these


2). Finance commission is appointed by the president under article
a)   256 of constitution
b)   280 of constitution
c)   293 of constitution
d)   356 of constitution
e)   None of these


3). National income estimates in India is prepared by
a)   planning commission
b)   RBI
c)   finance ministry
d)   C.S.O
e)   None of these


4). According to 2001 census the state having highest urban population is
a)   U.P
b)   Maharashtra
c)   Tamilnadu
d)   Kerala
e)   None of these


5). The Ex-office secretary of NDC is
a)   secretary of finance ministry
b)   general secretary of lok sabha
c)   secretary of planning commission
d)   vice-chairman of planning commission
e)   None of these


6). Who is the chairman of NDC?
a)   finance minister
b)   prime minister
c)   planning minister
d)   lok sabha speaker
e)   None of these


7). VAT is imposed
a)   directly on consumer
b)   on final  stage of production
c)   on first stage of production
d)   on all stages between production and final sale
e)   None of these


8). The base year of the present wholesale price index (WPI) is
a)   1993-94
b)   1971-72
c)   1980-81
d)   1981-82
e)   None of these


9). Chairman of tax perform committee was
a)   pranab mukherjee
b)   k.p narsimham
c)   s. janakiraman
d)   raja chelliah
e)   None of these


10). Mixed economy means
a)   co-existence of small and large industries
b)   promoting both agriculture and industries in the economy
c)   co-existence of public and private sectors
d)   co-existence of rich and poor
e)   None of these


Answer:

1) a)  2) b)  3) d)  4) b)  5) c)  6) b)  7) d)  8) a)  9) d)  10) c)
1.         The simple interest obtained on an amount of Rs. 45000 at the end of 4 years is Rs. 15300. What would be the compound interest approximate be obtained on the same amount at the same rate of interest in the same period ?
(1) Rs. 8244    (2)  Rs. 19500        (3)   Rs. 16285       (4)  Rs. 18566  
(5) Rs. 17364

2.         What would be the compound interest obtained on an amount of Rs. 20000 at the rate of 15 %  p.a. after 4 years ?
(1) Rs. 14,980.125         (2) Rs. 19680.125        (3) Rs. 16,780.125     
(4) Rs. 18,980.125         (5) None of these

3.         Manisha invested an amount of Rs. 39300 for 4 years at the rate of 4 % p.a. What amount of approximate compound interest will she obtain at the end of 4 years ?    
(1) Rs. 6675      (2) Rs. 6650      (3) Rs. 6288     (4) Rs. 6356
(5) Rs. 6450

4.         The Simple interest accured in 9 years on a principle of Rs. 24250 is 162 % of principle. What is the rate of interest per annum ?
(1) 22             (2) 16               (3) 18             (4) Cannot be determined
(5) None of these

5.         What would be the simple interest accured in 4 year on a principle of Rs. 16500 at the rate of 16 % per annum ?
(1) Rs. 11560    (2) Rs. 10250     (3) Rs. 12500        (4) Rs. 9980   
(5) None of these

6.         What would be the simple interest obtained on an amount of Rs. 6350 at the rate of 8 % p.a. after 6 years ?
(1)  Rs. 3429      (2) Rs. 3048      (3) Rs. 3810          (4) Rs. 2667
(5) None of these

7.         At the equal rate of interest what is the difference between simple & compound interest of a sum  ?
            1) Rs. 3.75       2) Rs. 4         3) Rs. 6.25               4) Data insufficient
            5) None of these

8.         What would be the compound interest obtained on a amount of Rs. 7800 at the rate of 5 % after 3 yr ?
            1)  Rs. 1235.685         2)  Rs. 1229.475         3)  Rs. 1287.68           
 4)  Rs. 1248.750         5) None of these

9.         What would be the simple interest obtained on an amount of Rs. 8930 at the rate of 8 % p.a. after 5 yr ?
            1) Rs. 5413             2) Rs. 2678                 3) Rs. 3572  
            4) Rs. 4752             5) None of these

10.       What would be the simple interest obtained on an amount of Rs. 8955 at the rate of 10 % p.a. after 7 yr ? 
            (1) Rs. 6268.5         (2) Rs. 6628          (3) Rs. 6862          (4) Rs. 6682.5       
            (5) None of these

11.       What would be the compound interest obtained on an amount of Rs. 12500 at the rate of 6 % p.a. after 4 years ?
            (1) Rs. 3180.962      (2) Rs. 3281.962      (3) Rs. 3380.962        
(4) Rs. 3480.962       (5) None of these

12.       Difference between the compound interest & simple interest accured in two years at 8 % per annum is Rs. 128. What is the principle amount ?
            (1) Rs. 18000                      (2)  Rs. 16000            (3)  Rs. 20000
            (4) Cannot be determined      (5) None  of these

13.       Rupa invested a sum of Rs. 4230 at a rate of 6 % p.a. in a bank. What simple interest will she get at the end of 6 years ?
            (1) Rs. 1522.80     (2) Rs. 1502.80     (3) Rs. 1582.20   (4) Rs. 1722.70
            (5) None of these

14.       Vinita invested a certain amount at the rate of 8 % p.a. for 5 yr. and obtained a simple interest of Rs. 3800. Had she invested the same amount at the same rate of interest for 2 years, how much amount would she have obtained as compound interest at the end of 2 years
            (1) Rs. 1580.80           (2) Rs. 1520        (3) Rs. 1550.50       (4) Rs. 1550         
            (5) None of these

15.       The compound interest accured on an amount at the end of two years @ 16 % p.a. is 3041.28. What is the amount ?
            (1) Rs. 10500        (2) Rs. 9000      (3) Rs. 7250       (4) Rs. 8800
           (5) None of these

16.       Find compound interest on Rs. 5000 at 12 % p.a. for 1 year compounded half yearly.
            (1) Rs. 615           (2) Rs. 618         (3) Rs. 620         (4) Cannot be determined
 (5) None of these

17.      The difference between the simple interest & the compound interest on Rs. 5000 at 10 % p.a. for 3 yrs is
          (1) Rs. 145           (2) Rs. 150        (3) Rs. 165            (4) Rs. 180
          (5) None of these
       
18.       A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs.            1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would                have gained by way of interest is:
           (1)Rs.121            (2) Rs. 122          (3) Rs. 123          (4) Rs. 124

19.    An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
          1) 13%       2) 10.25%      3)15%      4)11%     5)None of these
20.     A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20                 years, it will become:
         1. Rs. 1,10,000           2. Rs. 1,30,000              3. Rs. 1,24,000
         4. Rs. 1,92,000           5. Rs. 1,50,000

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23 FEB 2016

India remains world’s largest arms importer 




Arms
India continues to remain the world’s largest arms importer, accounting for 14% of the global arms imports in the 2011-2015 timeframe. It was revealed by report on international arms transfers released by a global think-tank, Stockholm International Peace Research Institute (SIPRI).





Haryana set to become first state to complete Aquifer mapping 


Acquifies
 Haryana is set become the first state in the country to complete aquifer mapping for its groundwater resources by May 2016. Aquifer is an underground layer of water-bearing rock from which groundwater can be extracted.







Union Government launches Swachh Paryatan mobile app 

Tourism
Union Government has launched ‘Swachh Parayatan’ mobile application to keep tourist places clean. It was launched by Union Minister of State (MoS) for Tourism, Culture and Civil Aviation Mahesh Sharma in New Delhi.








Indian-origin art lover Ismail Mahomed conferred knighthood by French government 


Ismail Mahomed
An Indian-origin art lover and playwright Ismail Mahomed from South Africa has been knighted by the French government for his lifelong devotion to the promotion of arts. He was bestowed with Knight of the Order of Arts and Literature (The Chevalier de l’Ordre des Arts et Lettres) by French Ambassador Elisabet Barbier in Johannesburg.





Dnipro FC wins 2016 Nagjee International Club Football Tournament 

nagjee
Ukraine’s Dnipro Dnipropetrovsk Football Club (FC) has won the 2016 Sait Nagjee International Club Football Tournament. With this victory, Dnipro Dnipropetrovsk became first European team to win this prestigious Football tournament held in India. In summit clash played at the EMS Corporation stadium at Kozhikode (Kerala), Dnipro Dnipropetrovsk FC defeated Brazilian FC Atletico Paranaense by 3-0 goals.



Long jumper Prem Kumar wins silver medal in Asian Indoor Athletics 

Prem Kumar
 India’s Kumaravel Prem Kumar has won a silver medal in long jump event on the final day of Asian Indoor Athletics Championships held in Doha. To win the silver medal, Prem Kumar cleared a creditable 7.92 m in his final attempt. In this event, Zhang Yaoguang of China won the gold with a best effort of 7.99 m. In the shot put event of this championship, India’s Om Prakash Singh Karhana won the bronze medal by clearing a distance of 18.77 m.