Sunday, March 22, 2015

Indian Railway at a Glance

1831-33 : A thought to create railway development for the transportation between Madras and Bangalore cropped up.
1844 : R. S. Stephenson thought of creating East India Railway.

1845-46  : 
Survey work for new rail line for Calcutta–Delhi.

1848-49  : 
Construction of Howrah and Raniganj rail line.

1850 : 
Construction of Indian Peninsular Railway company for rail line between Bombay thane and Calcutta–Mirzapur rail line began.

1853 : 
Inauguration of Indian Railway on 16 April, 1853 by running train between Boribundar (Chhatrapati Shivaji Terminus) and Thane.

1854 : 
24 miles railway line EIR, between Howrah Hoogely opened on 15 August.

1856 : 
Madras Railway company opened Madras Arkonam for passenger transportation.

1857 : 
Northern Railway began its first train between Allahabad and Kanpur on March.

1860 : 
Morse Telegraph Telecommunication started by Indian Railway.

1860-68 : 
Immediate Guarantee System began  East Indian Railway Great India Peninsula Bombay Baroda and Central India Railway and Madras states Railway participated in it.


1869-81 : 
Under new system state government were authorised to lay rail lines.


1890 : 
Indian Railway Act passed.


1905 : 
Formation of Railway Board.


1922 : 
Re organisation of Railway and more right were given.

1924 : 
Rail Budget was separated from General Budget.

1925 : 
E.I.R and GIPR were given separate place and right in railway management.

1925 : 
First rail electrification of Harbour branch of Bombay with 1500 volt DC.

1928 : 
Electrification of Bombay Suburban Section of  B.B. & C.I.R.

1931 :
 Electrification of Madras suburban section.

1937 : 
India got 3200 km long rail line on separation of Burma from India.

1939-42 : 
Security material for world war produced in railway workshops.

1942 : 
War transport established.

1947 : 
11,200 km long rail line to Pakistan.

1950 : 
First steam engine manufactured by Chitranjan  locomotive.

1950 : 
Nationalization of Indian  Railway.

1953 : 
Railway centenary celebrated throughout the country.

1955 : 
First diesel locomotive plied on metre gauge in Neville and Gandhidham section.

1955 : 
Coach factory established in Perambur.

1957 : 
Bombay Madras rail line from 25 KVAC inaugurated, Railway security Force Act passed.

1958 : 
Electrification of Howrah–Vardhman section.

1961 :
 First electric engine Lokmanya was manufactured by Chitranjan Locomotive.

1962 : 
First electric train ran between Bombay and Pune.

1964 : 
Kunjaru Committee organised to bring reforms in Rail administration.

1964 : 
Production started in Diesel Locomotive works Varanasi.

1970 :
 First combined planning of Railway (1970-85) started.

1972 : 
Manufacturing of steam engines stopped in Chitranjan Rail Engine Factory from 5 February, Jammu appeared on Indian railway map.

1974 : 
Third class in railway banished.

1976 : 
IRCON established in April.

1977 : 
Railway Time Table ‘Train At a Glance’ launched.

1979 : 
Central organisation for modernisation of workshop established.

1978 : 
Double Decker train service ‘Panchvati Express’ began between Bombay–Pune on 12 April.

1982 : 
Palace on Wheel started.

1984 : 
Metro train inaugurated in Calcutta.

1985 : 
Nation's first computerised reservation center began in New Delhi on 15 November, 1985, second combined planning (1985–2000) began.

1986 : 
Indian Railway Finance Corporation established.

1987 : 
Center for Railway Information Service established in New Delhi.

1988 : 
Indian Rail Electricity Institute established in Nasik optical fiber Communication Service started between Churchgate–Virat in 1988. India’s first Shatabdi Express New Delhi–Jhansi) launched.

1989 : 
Formation of Railway Time Committee and Railway Dhaba Authority.

1990 : 
Goods passengers train service began between India and Bangladesh.

1991 : 
First train service in Mizoram from Bhai Rabi station began on 6 March ‘Palace on Wheels’ started with new decore.

1992 : 
RFFC established. ‘Apna Wagon’ scheme began. For the first time in the world first women special Train between Churchgate–Borivallie on 5 May started.

1993 : 
Sleeper class began on 1st April. Formation of Ojha Committee to solve the problems of Konkan railway

1994 : 
Rail passengers Insurance Scheme launched. First Rail Bus service began between Medata road and Medata city of Northern Railway.

1995 : 
Metro rail began between Tollyganj and Damdam on 27 September. 1995 was celebrated as ‘Rail Consumer year’.

1996 : 
6 new regional rails formed in Hubali, Hajipur, Jaipur, Bhuvneshwar, Allahabad and Jabalpur. Formation of Delhi Metro Rail corporation Ltd. On 4 March, the name Mumbai VT changed to Chhatrapati Shivaji Terminus.

1997 : 
Telephone service based on satellite started in August Kranti Express on 15 April.

1998 : 
Konkan railway fully in operation from 26 January. On 1 May Prime Minister dedicated to the nation. Walky–Talky communication between guards and drivers began. 3 phase Electric engines of 6000 HP began to be manufactured indigenously. ‘Fairy Queen’ got place in Guinness Book for having the oldest Steam engine in working condition.

1999 : 
At  Delhi railway station, worlds, biggest route relay interlinking began. Darjeeling Himalayan Railway declared world heritage by UNESCO. Nilgiri Mountain Railway celebrated its centenary.

2000 : 
Online rail information system started first time at the Church gate head office on 29 April. On 17 December at Kota station of western railway first time automatic charting system inaugurated.

2001 : 
22-28 January. BNR Hotel, Puri celebrated its platinum jubilee. On 24 February, at Chennai station first time Internet Trade Center was opened. On 5 November, Western railway celebrated its golden jubilee

2002 : 
On the beginning of 150th year of Indian Railway on 15 April, in a special programme. Mascot Bholuguard and special monogram launched.

2003 : 
On 5 January Western Railway celebrated golden jubilee of its Electric Rail Service. On 15 February the name of ‘Wheel and Axil factory’ changed as Rail wheel factory. On 1 May for the first time RailTel began broadband in the moving train in the world.

2004 : 
UNESCO declared Chattrapati Shivaji Terminus as world heritage.

2005 : 
Nilgiri Mountain Rail was declared world heritage by UNESCO. E-ticketing began in all the trains.

2006 : 
‘Anumati Yojna’ began to run passenger train from 26 January. A.C. facility for general public at lower prices began.

2007 : 
Throughout the country with 139 Telephones Extensive Railway Enquiry began.

2008 : 
First train service started in Kashmir Valley on 11, October.

100 Most Famous Personalities in the World

Akbar (1556–1605)—He was the greatest of Mughal Emperors of India, founder of the new religion ‘Din-i-Ilahi’.

Alberuni—A great historian who visited India in company with Mahmud Ghazni’s forces.

Amartya Sen Prof.—The recipient of Nobel Prize for Economics for the year 1998 Prof. Amartya Sen revolutionized world outlook on welfare economics.

Andrew C.F.—A British missionary who came to India in 1904. He worked for the freedom of India. He was known as Deen Bandhu.

Prof. Anusuya Chinaswamy Turan—Internationally acclaimed South African palaeobiologist of Indian Origin, Prof. Anusuya Chinaswamy Turan was named ‘Woman of the year 2005’ by certain South African agencies.

Arvid Carlsson—He has been awarded Nobel Prize 2000 in Medicine.

Arun Netravali—President of Bell Labs (USA), he is known as India’s Thomas Alva Edison. Like Edison’s 1093 patented inventions, Netravali’s 70 have hastened the evolution of techonology. Among his inventions is the world’s smallest working transistor.

Dr. Abdul Kalam, A.P.J.—He had been a scientist of repute, familiarly known as Missile Man of India. He was elected President of India in July 2002.

Aryabhatta—A great astronomer and mathematician of ancient India. India named her first scientific satellite after his death.

Amir Khusro—A great Muslim saint who lived in the time of Alauddin Khilji. Known for his Pahelis and songs.

Arthen Dunkel—He was the author of the ‘Dunkel Draft’ which ushered in global free-trade treaties and the World Trade Orga-nisation. He passed away in 2005.

Baden Powell (1857-1941)—Founder of the Boy Scouts Movement in 1908 and Girl Guides in 1910.

Bana Bhatt—The most learned Court poet of Harshvardhana, author of ‘Kadambari’ and ‘Harshcharitsar’.

Beethoven—A great German musician and composer of world fame.

Besant Annie (1846-1933)—An Irish woman who staunchly supported India’s freedom movement. Founder of the Theosophical Society in India.

Bjorn Borg—The tennis wonder of Sweden the Wimbledon Tennis King. He won his 5th successive Wimbeldon men’s singles title in London on July 5, 1980.

Bhabha Dr. Homi Jahangir (1909-66)—Was a great Indian scientist, first chairman of Atomic Energy Commission of India; made significant researches in the structure of atom and cosmic rays.

Bennerji Womesh Chandra—The first President of Indian National Congress.

Bhaskara I—A noted Indian astronomer of 9th century A.D.

Bhaskara II—One of the distinguished Indian astronomers and mathematicians of 12th century A.D. It may be remembred that India named her 2nd scientific satellite launched into space from a Soviet cosmodrome on June 27, 1979 after the name of Bhaskara.

Bhattacharya, Kanchan Chaudhry—Ms. Kanchan Chaudhry Bhattacharya became the first woman Director General of Police (DGP) in the country when she assumed charge as DGP Uttaranchal on June 17, 2004.

Bose, Nand Lal—Famous Indian artist, died in May 1966.

Bose J. C. (1858-1937)—Eminent Indian botanist; inventor of crescograph.

Bose, Subash Chandra—A great freedom fighter of India; popularly known as Netaji; founded the Indian National Army. Died in a plane crash in 1945.

Chatterjee Bankim’ Chandra—Literary king of Bengal after Madhusudan; author of ‘Anand Math’.
Columbus (1446-1506)—Famous Italian navigator who discovered America in 1492.

Confucius (551-449 B.C.)—Chinese sage and philosopher; founder of the great world religion Confucianism.

Che Guevara—A guerilla revolutionary who tried to foment revolts in several Latin American countries; shot dead in 1967.

Dante (1265-1321)—One of the greatest Italian poets; author of Divine Comedia’.

Darwin Charles (1802-82)—Discoverer of the Theory of Natural Selection, author of ‘The Origin of Species’.

Epicurus (542-270 B.C.)—Greek philosopher; founder of Epicurean philosophy.

Fa-hien—The first Chinese pilgrim who visited India during the reign of Chandra Gupta Vikramaditya.

Florence Nightingale—Also known as ‘The Lady with the Lamp’ the great English nurse who served the wounded soldiers in the Crimean War.

Galileo (1564-1642)—Italian scientist; inventor of telescope.

Garibaldi (1807-1882)—A great Italian fighter for freedom; played a great role in the unification of Italy.

Gayir Khan Irishanov—He is the world’s oldest living person. He lives in Dagestan, Russia and will celebrate his 135th birthday in 2001.

Girija Devi—A Dalit woman from East Champaran district of Bihar, Ms. Girija Devi addressed the 15th session of United Nations Division of Advancement of Women and Development of Economic and Social Affairs on February 27, 2006 in New York (USA).

Hieun Tsang—The Chinese pilgrim who visited India in seventh century during the reign of King Harshvardhana.

Hume Alan Octavian—An English statesman who founded the Indian National Congress in 1885.

Jayakanthan, D.—Noted Tamil writer D. Jayakanthan was conferred the 38th Jnanpith award in 2005 Jayakanthan who has won National and International aclaim for his thought-provoking essays, short stories, novels and novellas, lent to the half of the 20th century a contemporary blend of cultural and political history of Tamil people.

Kiran Bedi—India’s first woman IPS officer and a Magsaysay Award winner, has been appointed to the prestigious post of United Nations Civilian Police Adviser in the Department of Peace-keeping Operations.

Le Corbusier—The architect who designed Chandigarh.

Dr. Kalpana Chawla (1961–2003)—Born in India in 1961, Kalpana Chawla was the US astronaut who lost her life along with 6 other astronauts aboard US space shuttle Columbia, on Feb. 1, 2003. The space shuttle exploded in the sky only 16 minutes before its scheduled landing time.

Epstein—The great British sculptor.

Jamini Roy—Famous Indian painter.

J. M. Coetzee—South Africa born novelist J. M. Coetzee who bagged Booker Prize in 1983 and again in 1999 has added one more feather to his cap by winning Nobel Prize for Literature 2003. He is the first author to win Booker Prize twice.

M. S. Subbulakshmi—The, ‘Nightangle of Carnatic Music’ as also the celebrated exponent of classical and non-classical music, Bharat Ratna M.S.Subbulakshmi passed away at Chennai on Dec. 11, 2004 at the age of 88. She had also been honoured with Magsaysay Award. She had the unique honour of reciting devotional songs during the Silver Jubilee celebrations of UN in 1970. He impeccable music charmed one and all.

M.S. Swaminathan—Padma Vibhushan Dr. M. S. Swaminathan is called as ‘Father of Green Revolution’ in India and had been the DG of ICAR and presently he is the Chairman of ‘Rashtrya Kisan Auog’ (Est. in Feb. 2004).

Muttiah Muralitharan—Ace Sri Lankan off spinner Muttiah Muralitharan became the first bowler in cricket history in the world to claim over 1000 wickets in (593 in Tests and 411 in ODIs) international cricket. He achieved this unique milestone while playing against Bangladesh in Chittagong (Bangladesh) on March 2, 2006, which was also the 100th Test match of his career.

Raja Ram Mohan Roy—A great social reformer of Bengal helped William Bentick, Governor-General of India (1828-35) in the abolition of Sati and other social evils; founder of Brahmo Samaj.

Ray Satyajit—The famous Indian film producer and director. He has received several awards for his outstanding contribution to Indian cinema. His famous films are Sonar Kella and Shatranj Ke Khilari (Hindi) etc.

Susruta (14th Century A.D.)—One of the great ancient Indian surgeons.

Tilak, Balgangadhar (1856-1910)—A great nationalist Mahara-shtrian leader of India; wrote a commentary on the Gita while in a jail.

Vivekanand—A great propagator of Vedantic Philosophy; disciple of Swami Ram Krishna Paramhans, founded Ram Krishna Mission at Belur (West Bengal).

Joan of Arc (1412-31)—The girl whose heroism inspired the Frenon to drive the English out of Orleans. She was burnt alive on the stakes.

Kabir—One of the greatest exponents of Bhakti movement. He believed in the unity of God and equality of all religions.

Kalhan—11th century poet-historian of Kashmir, author of the famous book ‘Rajtarangini’.

Kautilya—The great politician who helped Chandra Gupta Maurya in securing political power.

Kumarila Bhatt—A well-known preacher of Hinduism during the 8th century.

Krishna Dev Rai—He was the most famous Raja of Vijai Nagar kingdom and the last great Hindu ruler of Southern India (1509-29).

Kamal Ataturk—Builder of modern Turkey. He defended the Dardanelles against the British in 1912 and drove the Greeks out of Turkey in 1922. President of the Turkish Republic and its virtual dictator (1923-28).

Leonardo da Vinci—One of the greatest all-round geniuses the world has ever produced—painter, sculptor, architect, scientist, engineer and musician. Painted ‘Mona Lisa’. The ‘Last Supper’.

Machiavelli—A fifteen-sixteenth century Florentine historian and diplomat; author of the famous treatise ‘The Prince’.

Magellan—Commanded the first expedition in 1519 to sail round the world. Discovered passages to the Pacific from the Atlantic through Straits later on named after him.

Manu—Famous Hindu Law giver; author of Manusmiriti.

Martin Luther (1483–1546)—Great German religious re-former, who headed Reformation in Europe.

Marx, Karl (1818–83)—German philosopher; author of ‘Das Capital’ and communist Manifosts.

Max Muller—A great German scholar of the 19th century who discovered the treasure of Sanskrit literature and folklore to the world.

Mahatma Gandhi (M.K. Gandhi) (1869–1948)—The greatest Indian after Buddha; father of the Indian nation; achieved freedom for India; was assassinated in 1948.

Mark Inglis—Mark Inglis of New Zealand made history on May 15, 2006, when he became the first double amputee to scale Mt. Everest, the highest peak in the world. Inglis, who had lost both of his legs in a climbing accident 24 years ago, reached the summit after 40 days of tough climbing.

Nanak, Guru (1469–1538)—Founder of the Sikh faith.

Nero (37–68 A.D.)—A tyrant and notorious sixth Roman emperor responsible for persecution of his countrymen.

Ms. Nivruti Rai—The first overseas citizen of India (OCI) card was presented to Ms. Nivruti Rai, an IT professional working in Intel, by Prime Minister Dr. Manmohan Singh at the inaugural function of the Pravasi Bhartiya Divas–2006 in Hyderabad on January 7, 2006.

Panini—A great Sanskrit grammarian of ancient India.

Percy Sonn—Mr. Percy Sonn of South Africa was appointed as the new President of the ICC (International Cricket Council) on July 7, 2006. A lawyer by profession, Mr. Sonn is the first person from Africa to be appointed to the most senior post at cricket’s world governing body.

Picasso Pablo (1881-1973)—A great Spanish painter : founder of Cubism.

Pinter, Harold—British playwright, Mr. Harold Pinter whose spare style and use of silences has given rise to the adjective, ‘Pintersque’, won the 2005 Nobel Prize for Literature. Regarded as Britain’s one of best known dramatists, he has written many plays including The Birthday Party, The Caretaker etc.

P. N. Menon—P. N. Menon, a distinguished film maker who heralded a new wave in the Malyalam film industry died at Kochi on Sept. 9, 2008 at the age of 82. Winner of the J. C. Daniel Award for his outstanding contributions to the Malyalam film industry. Mr. Menon started his film career as a poster designer and art director. He had a penchant for visuals that struck a different chord among the viewers.

Pulkesin II (608–642)—The most powerful ruler of Chalukya dynasty in the Deccan.

Raman, C.V.—Professor of Physics and was, for his discovery of Raman Effect, awarded Nobel Prize.

Rousseau (1512–78)—Famous for his two remarkable works. ‘Confessions’ and ‘Social Contract’ which laid down principles of government and conduct; one of the intellectual forces of the French Revolution.

Shakespeare (1564–1616)—England’s greatest poet and dramatist. He was born at stratford on-Avon.

Shashi Tharoor—Mr. Shashi Tharoor has been nominated as a candidate by the Union Government for the post of United Nations Secretary General which falls vacant by the end of 2006. Mr. Tharoor, who is presently the Under Secretary in the UN, has been working for it since 1978.

Sreedharan E.—M. D. Delhi Metro Rail Corporation Ltd. Mr. E. Sreedharan has been named one of the top 25 newsmakers of 2005 by the USA periodical Engineering News Record. Mr. Sreedharan has been named for the timely completion of Delhi’s 66 km. Metro rail project.

Sun-Yat-Sen—The founder of Chinese Republic, in 1912. He played a prominent part in 1911 Revolution.

Tagore, Rabindra Nath—Great Indian poet, novelist, awarded Nobel Prize for Literature in 1913.

Thyagaraja—Was South India’s best known and best-loved musician. He composed his songs in Telugu.

Todar Mal—One of the Nav Ratanas and Revenue Minister in the Court of Akbar.

Tolstoy, Leo—A great Russian writer. Mahatma Gandhi was greatly influenced by his works.

Tulsi Das—A great Hindu religious preacher, author of famous ‘Ram Charit Manas.’

Vatsayan H.S.—He was an eminent Hindi poet and novelist. He was awarded Jnanpith award for 1978 for his collection of poems.

Vivekanand (1865–1932)—A great Hindu saint and religious leader, founder of Ram Krishan Mission.

V.S. Naipaul—A distinguished writer of world fame. He is of Indian origin, now living in England. He has been honoured with Nobel Prize for Literature for 2001.

Wilbeforce, William—A distinguished agitator and orator against slave trade during the reign of George III.

V.V. Giri—The fourth President of India. He died in Madras on June 24, 1980 at the age of 85.

Javier Perez de Cuellar—He was the Secretary General of the United Nations. He took over the stewardship of the United Nations from Dr. Kurt Waldheim on January 1, 1982 and remained in office till 31 Dec., 1991.

Mark Shuttleworth—He is the world’s second and South Africa’s first space tourist. He was hurled into space by Russian Soyuz T.M.-34 rocket in April 2002 to reach the International Space Station.

Yuichiro Miura—He hails from Japan. He is the oldest man yet ever to reach Mt. Everest. He sealed the peak in May 2003 along with his son Gota.

Baumgartner—Austrian adventurer who flew across the English Channel without aircraft with the help of a special parachute.

Chloe Bennion—A six year old girl with an IQ of 138, she has become the youngest current member of Meusa International, a high IQ society. Meusa welcomes people from all walks of life whose IQ is in the top 2 per cent of the population.

L. N. Mittal—The second Indian billionaire (next to Wipro’s Azim Premji) with a net worth of $ 6•2 billion, Mr. L. N. Mittal is one of the 7 Indian billionaires listed by Forbes list of world’s 587 billionaire. He is the founder and Chairman of LNM Group, poised to become world’s largest steel maker. Lately he has been ranked as the third richest man of the world and the richest man of the U.K.

Pope Benedict XVI—Cardinal Joseph Ratzinger (78) was elected 265th Pope of Roman Catholic Church on April 19, 2005 in Vatican City taking the name of Benedict XVI. He was formally inaugurated on April 24, 2005.

Yasser Arafat—Chairman of Palestine Liberation Organisation (PLO) since 1969 and co-founder of Al-Fatah (1956), President of Palestinian Authority, Mr. Yasser Arafat passed away in Paris on Nov. 11, 2004 at the age of 75, leaving his dream of Palestinian statehood unfulfilled. He symbolised for decades the Palestinian people’s struggle for an independent homeland.

Steve Fossett—US adventurer Steve Fossett has set records in sailboats, gliders and hot-air balloons. On March 3, 2005, he did it in an aeroplane. When he touched down at Salina airport, he became the first person to circumnavigate the globe on a solo, non-stop, non-refuelled flight. On Feb. 12, 2006 he established the world record of longest yet non-stop flight in his Virgin Atlantic Global Flyer.

V. Kurean—Dr. V. Kurean (born on 26 Nov. 1921) is the founder of NDDB (National Dairy Development Board) Anand (Gujarat) and is also called as ‘Father of White Revolution’ in milk sector in India.

List of First in India

● First Governor-General of Independent India—Lord Lewis Mountbatten
● Indian Governor-General of Independent India—Chakravarti Rajgopalachari
● Chief of the Indian Armed Forces—General K. M. Carriappa
● Field Marshall—General S. H. F. J. Manekshaw
● President—Dr. Rajendra Prasad
● Vice-President—Dr. Sarvapalli Radhakrishnan
● Prime-Minister—Pt. Jawahar Lal Nehru
● Non-Congress Prime-Minister—Atal Behari Bajpai
● British Governor-General of Bengal—Warren-Hastings
● Space traveller—S. Leader-Rakesh Sharma
● I. C. S.—Satendra Nath Tagore
● Swimmer who crossed over the English channel by swimming—Mihir Sen
● Raman-Magsaysay awardee—Acharya Vinoba Bhave
● Novel prize winner—Rabindra Nath Tagore
● President of National Congress—Vyomesh Chand Banerjee
● Chairman of Lok Sabha—G. B. Mavlankar
● Chief Election Commissioner—Sukumar Sen
● Indian Chairman in International Court—Justice Dr. Nagendra Singh
● Foreigner awardee of Bharat Ratna—Khan Abdul Gaffar Khan
● Leader of the Indian Antarctica Mission—Dr. Syed Zahuv Quasim
● Chief Justice of Supreme Court—Justice Hiralal J. Kaniya
● Awarded with ‘Bharat Ratnas’—Dr. Sarvapalli Radhakrishnan, Chakravarti Rajgopalachari, Sir C. B. Raman
● Posthumally Bharat Ratna Awardee—Lal Bahadur Shastri
● Person awarded Bhartiya-Gyan-Peeth Purskar—G. Shankar Kurup (Malayalam–1965)
● Successful Surgeon who transplanted heart—Dr. P. Venugopal
● Successful heart transplanted person—Devi Ram (1994)
● President of National Human Rights Commission—Justice Rangnath Mishra
● Hindi Literature person-awarded Bhartiya Gyan Peeth Purskar—Sumitra Nandan Pant (1968)
● Indian who won the World Billiard award—Wilson Jans
● Indian who won the Grammy award—Pt. Ravi Shankar
● Person delivered the Lecture in Hindi in U.N.O.— Atal Behari Bajpai (1977)
● Indian member in British House of Commons— Dada Bhai Naoroji (1892)
● First President of Indian Science Congress—Sir Asutosh Mukherjee
● Mountaineer who scaled Mount Everest 8 times—Sherpa-Augarita
● Writer who was awarded ‘Vyas Samman’—Ramvilas Sharma
● Indian Managing Director of World Bank—Gautam Kazi
● Player awarded ‘Padam Bhusan’—C. K. Naidu
● Indian players played Davis Cup—M. Salim and S. M. Jacob (Singles), A. A. Faiyaz and L. S. Dare (Doubles) (1921)
● Indian player who played the test cricket—K. S. Ranjeet Single (from England)
● Scientist elected for Lok Sabha—Dr. Meghnad Saha
● Scientist awarded Ghanshyam Das Birla award—Prof. Ashish Datta (1991)
● Literature who was awarded Murti Devi Purskar—C. K. Nagraj Rao (1993)
● Person, who became High Commission in Great Britain—V. K. Krishna-Menon
● Indian who was awarded the Lenin Peace Prize—Dr. Safuddin Kichlu (1952)
● First Indian who contested the election for British Parliament—Lal Mohan Ghose
● An Indian, appointed the judge of High Court, during the British period—Ram Prasad Ram
● Indian member of Viceroy Executive Council—Sir. S. P. Sinha
● Chairman of Finance Commission—K. C. Niogi
● Indian member of American Congress—Deleep Singh
● Bowler who made hat-trick in Test Cricket—Harbhajan Singh
● Batsman who made 300 runs in test Cricket—Virendra Sehwag
● First Marshal of Indian Air Force—Arjan Singh
● First Indian who individually won the Gold medel in Olympic games—Abhinav Bindra
● First Indian who won the Bronze medel in Boxing in Olympic games—Vijendra Kumar

Sunday, March 8, 2015

Indian Economy Practice Questions for All Competitive Exams

1.    Which of the following factor forms the invisible account of the Balance of Payments of a country?
(a)    International trade in services.
(b)    Income associated with non resident assets and liabilities.
(c)    Remittance of worker income.
(d)    All the above.
Answer: (d)
Explanation: Balance of payment broadly comprises of current and capital accounts. Current account records export and import of goods (visible items),   export and import of services (invisible items) and unilateral transfers from one country to another.
2.    Which of the following is part of capital account of a country?
(a)    Export and import of goods.
(b)    Export and import of services.
(c)    Unilateral transfers from one country to another.
(d)    NRI deposits.
Answer: (d)
Explanation: Capital account of a country includes foreign direct investment, portfolio investment, external commercial borrowings, NRI deposits among others.
3.    What is Greenfield investment?
(a)    A form of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities.
(b)    A form of foreign direct investment where a company purchases or leases existing production facilities to launch a new production activity.
(c)    Investment by non resident Indians.
(d)    Investment in shares and debts.
Answer: (a)
Explanation: A form of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities is called Greenfield Investment. A form of foreign direct investment where a company purchases or leases an existing production facility to launch a new production activity is called Brownfield Investment.

4.    Which of the following is not a feature of Pradhan Mantri Jan Dhan Yojana?
(a)    Providing universal access to banking facilities.
(b)    Providing Basic Banking Accounts with overdraft facility of Rs.5000 after six months and RuPay Debit card with inbuilt accident insurance cover of Rs. 1 lakh and RuPay Kisan Card
(c)      Financial Literacy Programme
(d)    Issuance of credit cards.
Answer: (d)
Explanation: The PMJDY has been conceived as a national mission on financial inclusion with the objective of covering all households in the country with banking facilities and having a bank account for each household. Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society.
Phase I (15th August ,2014-14th August,2015)-
 
•    Universal access to banking facilities
•    Providing Basic Banking Accounts with overdraft facility of Rs.5000 after six months and RuPay Debit card with inbuilt accident insurance cover of Rs. 1 lakh and RuPay Kisan Card.
•    Financial Literacy Programme
Phase II (15th August 2015-15th August,2018)-
•    Creation of Credit  Guarantee Fund   for coverage of defaults in overdraft  A/Cs   
•    Micro Insurance     
•    Unorganized sector Pension schemes like  Swavlamban

5.    Which of the following is not a function of Reserve Bank of India?
(a)    Regulation of credit.
(b)    Regulation of foreign exchange.
(c)    Management of fiscal deficit.
(d)    Banker to the government and commercial banks.

Answer: (c)

Explanation: Set up in 1935, RBI’s main functions include regulation of credit, regulation of foreign exchange, banker to the government and commercial banks, issue of notes and coins and lender of last resort.

6.    Which of the following is a qualitative credit control tool used by RBI?
(a)    Moral suasion.
(b)    Open market operations.
(c)    Repo rate.
(d)    Cash reserve requirement.
 
Answer: (a)
Explanation: Moral suasion is application of pressure but not force to get members to adhere to a policy or advice that RBI gives. Other qualitative credit control tool includes margin requirements, consumer credit regulations, RBI guidelines, rationing of credit.

7.    Consider the following statements.
1.    Bharat Bill payment System is a proposed centralized bill payments infrastructure which will enable customers to pay a variety of bills anytime anywhere.
2.    It has been proposed by RBI.
3.    The National Payments Corporation of India (NPCI) has been designated as the authorized Bharat Bill Payment Central Unit.

Which of the above statements are correct?
(a)    1 and 2.
(b)    1 and3.
(c)    2 and 3.
(d)    1, 2 and 3.

Answer: (d)

Explanation:
 The Reserve Bank of India (RBI) proposes to set up anytime anywhere bill payment system under Bharat Bill Payment System (BBPS). The BBPS is designed to function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers. The National Payments Corporation of India (NPCI) has been designated as the authorized Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all authorized operating units under the system.

8.    Consider the following statements about ‘Swachh Bharat Kosh’.
1. Funds will be used for improving cleanliness levels in rural and urban areas, including in schools.
2. It will be under the Ministry of Tourism.
3. Its functioning will be monitored on quarterly basis by the Finance Minister and by the Prime Minister from time-to-time.
4. Projects under it will be implemented and carried out by the existing institutions at the state, district, and sub district level and no new institutions would be created.
  
Which of the above statements are correct?
(a)    1, 2, 3 and 4.
(b)    1, 2 and 3.
(c)    1, 3 and 4.
(d)    2, 3 and 4.
Answer: (c)
Explanation:  Government recently launched a fund Swachh Bharat kosh that will be used be used for improving cleanliness levels in rural and urban areas, including in schools. As a top priority, funds will be used to bring out innovative projects and girl toilets. It will be under the Ministry of Finance and will be managed by a Governing Council headed by Expenditure Secretary. Its functioning will be monitored on quarterly basis by the Finance Minister and by the Prime Minister from time-to-time. Projects under it will be implemented and carried out by the existing institutions at the state, district, and sub district level and no new institutions would be created. These funds will finance activities such as construction of new toilets as well as repair and renovation of dysfunctional toilets in rural areas, urban areas, elementary, secondary and senior secondary government schools, aanganwaadis. It will be also used for constructing water lines to the toilets, training and skill development to maintain hygiene in the toilets as well as other activities to improve sanitation.

9.    What is the full form of NITI Aayog?
(a)    National Institute to Transform India.
(b)    National Institute for Transforming India.
(c)    National Institution to Transform India.
(d)    National Institution for Transforming India.
Answer: (d)
10.    Swabhiman is a:
(a)    Financial inclusion initiative.
(b)    Pension initiative for BPL families.
(c)    Insurance policy for women.
(d)    Rural infrastructure project.
Answer:  (a)
Explanation:  Swabhiman aims at providing branchless banking through the services of banking correspondents (Bank Sathi).
11.  According to Suresh Tendulkar Report, What percentage of population was under the poverty Line in 2004-05?
A.36 %
B.37.2 %
C.40.2%
D.33 %
Answer: B
12.  Which of following statement is true about the Primary deficit?
A.    It is difference between Revenue receipts and Revenue Expenditure
B.    It is difference between capital receipts and Interest Payment    
C.    It is difference between the Fiscal Deficit and Interest Payment
D.    It is addition of Fiscal Deficit and Interest Payment
Answer: C
13.  Who introduced Zamindari system in India?
A. Lord Carnwallis 
B. Lord Wlliam Bentinck
C. Lord Dalhousie 
D. Lord Canning
Answer:  A
14.  Base Effect remains in news, which of following statement is true about Base Effect:
A. It is Change in numbers of items for which price quotations are taken
B. It measures Impact of fuel items on inflation 
C. Impact of the rise in price level in the previous year over the rise in price level in the current year
D. Problem due to miscalculation
Answer: C
15.  What percent branches are to be established in unbanked areas under the provision of  new Banking licensing schemes
A.20%
B.40%
C.22%
D.25%
Answer: D
16.  What does the tax haven mean?
A. Important source of tax revenue for government 
B. Countries or states which impose no tax or very low tax that attract wealth from all over the world. 
C. Rich class of society that pays the tax
D. Particular section of society that does not pay the tax
Answer: B
17. Our first five year plan primary focused on
A. Agricultural Sector
B. Manufacturing Sector
C. Defense up gradation 
D. Service sector
Answer: A
18.  Which of following statement is true about charged expenditure?
A. Expenditure which requires voting of parliament 
B. Expenditure which does not require voting of parliament 
C. Expenditure which is incurred on productive activities 
D. Expenditure which is incurred on social welfare schemes
Answer: B
19.  Which sector constitutes the maximum share in GDP of India
A. Primary Sector
B. Secondary Sector
C. Tertiary Sector
D. None of above
Answer: C
20. Who operates the monetary policy in India?
A. Ministry of Finance
B. Reserve Bank of India (RBI)
C. Security and Exchange Board of India
D. All of above
Answer: B
21.Which of following statement is true about the Economic Growth 
a. It refers to increase in Gross Domestic Product ( GDP)
b. It refers to the long and sustained rise in real  Gross Domestic Product  (GDP) 
c. It is characterized by fall in unemployment rate
d. Rise in GDP on monetary term
Answer:  b  
Explanation : Economic growth implies change or an increase in the real output of country. Such changes should not be momentarily. Such growth should be maintained for certain period of time. Increase in GDP owing to increase in prices cannot be termed as Economic Growth.  
22.Market Based economy means
a. All economic decision are taken based on the demand and supply forces
b. Some economic decision are taken by government and other are left to market forces
c. Government has full control over the private sector
d. Economic decisions are taken after keeping in view the social welfare 
Answer:  a 
Explanation :Market based economy refers to the economic system where all economic decisions are taken based on the demand and supply conditions prevailing in the market. Government has minimal interference in economic activities. Private players are free to produce the goods and services based on the demand and supply signals in the market.
23.Quaternary  sector implies 
a. Activities related to mining and quarrying 
b. Activities related  to manufacturing 
c. Fishing activities 
d. Research and developmental  activities
Answer: d
Explanation :Quaternary sector is characterized by the intellectual persons or individuals or group of individual. It includes the research and development activities. Mining and quarrying and fishing are concerned with primary sector activities 
24.Sustainable Development implies 
a. Sustained rise in real GDP
b. Long lasting development without negatively impacting the environment 
c. Full exploitation of natural resources 
d. Reduction in unemployment and poverty 
Answer: b
Explanation :Brundtland commission in Our Common Future, also known as the Brundtland Report defined sustainable development:
"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
25.  Mixed Economy Implies
a. Absence of Public Sector
b. Absence of private sector
c. Co-existence of public and private sector
d. All economic activities are motivated by social welfare 
Answer:   c
Explanation :Mixed Economy is characterized by the co-existence of private and public sectors. Generally public sector is motivated by the general welfare while private sector perform economic activities out of profit motive 
26.Sustainable economic growth depends upon
  a. Investment, not saving
  b. Saving, not investment
  c. Both saving and investment
  d. Neither saving nor investment
Answer: c
Explanation :Saving makes the availability of fund for carrying out the investment activities. Investment cannot be carried out without saving. Further, saving is of no use until it is channelized into different investment activities. 
27.  Which of the following are not third-world regions? 
a. Latin America.
b. Asia.
c. Africa.
d. Australia
Answer: d
Explanation :Various terms has been used to developing countries such as the underdeveloped countries, less developed countries, Third world countries or region etc. developing countries exhibit some common features based on which one can differentiate these countries from developed countries. These regions are characterized by low growth rate, low saving and investment rates, low capital formation, high population growth, and lack of technological development. 
28. Economic development means 
a. Economic growth.
b. Economic growth plus structural and qualitative changes. 
c. Improvement in the living standard of the urban population.
d. Sustainable increases in Gross National Product (GDP).
Answer:  b
Explanation :Economic development means the change in growth along with progressive changes in socio-economic conditions of country. While Economic growth implies change or an increase in the real output of country.Growth must be accompanied by the progressive reduction in the inequalities and social vagaries for being called economic development. Economic growth does not take into account the social implications in form of reduction in inequalities. Change or increase in one component such as consumption or investment may be regarded as the economic growth. 
29. Who operates the monetary policy in India?
a. Ministry of Finance
b. Reserve Bank of India (RBI)
c. Security and Exchange Board of India
d. All of above
Answer: b
Explanation :Central Bank, The Reserve Bank of India is responsible for implementing the monetary policy in India. RBI uses the monetary policy for controlling the inflation and getting high rate of growth. Ministry of Finance and SEBI are not concerned with monetary policy. 
30. Consider the following statements:
I) Government disinvesting its share in various public sector undertakings
II) Process of disinvestment is very fast
III) Process of disinvestment is very slow and government always falls short of target
Which of above statements is/ are true about government policy of disinvestment
a. Only I
b. I and III
c. I and II
d. I, II and III
Answer: b
Explanation :Government of India is divesting its share from public sector undertakings,. Most of government undertakings were incurring losses during the pre liberalization period. Hence, after the introduction of new economic policy in 1991, government started downsizing its share in PSU. But the process of disinvestment is very slow due to host of legal and political hurdles. 
31.    Consider the following statements 
I.    Multidimensional poverty index was introduced in 2010
II.    It uses different factors to determine poverty beyond income-based lists
III.    It has replaced Human Poverty Index
IV.    It reflects deprivations in very rudimentary services and core human functioning for people.
Which of above statement is/are correct?
a.    I and II
b.    all are correct 
c.    only III
d.    II and IV
Answer: b

32.    Amartya Sen is known for 

a.    Welfare Economics
b.    Money and Banking 
c.    Industrial Economics 
d.    Behavioral Economics
Answer:  a 

33.  Liquidity refers to:
a.  Wealth available with investors
b.  Ease with which assets can be converted into the money
c.  Currency convertibility 
d.  All of above

Answer: b

34.  Which of following statement is true about the Primary deficit?
a.    It is difference between Revenue receipts and Revenue  Expenditure
b.    It is difference between capital receipts and Interest Payment    
c.    It is difference between the Fiscal Deficit and Interest Payment
d.    It is addition of Fiscal Deficit and Interest Payment
Answer: c

35. Base Effect always remains in news, which of following statement is true about Base Effect:
a.    It is Change in numbers of items for which price quotations are taken
b.    It measures Impact of fuel items on inflation 
c.    It is related to Impact of the rise in price level  in the previous year over the rise in price levels in the current year
d.    It is related Problems which arises due to miscalculation 
Answer: c 


36.  What percent branches are to be established in unbanked areas under the provision of new Banking licensing scheme?

a.    20%
b.    40%
c.    22%
d.    25%
Answer: d

37. What does the tax heaven mean?
a. Important source of tax revenue for government 
b. countries or states which impose no tax or very low tax that attract wealth from all over the world. 
c. Rich class of society that pays the tax
d. Particular section of society that does not pay the tax
Answer: b


38. Our first five year plan primary focused on 
a. Agricultural Sector
b. Manufacturing Sector
c. Defense up gradation 
d. Service sector
Answer: a


39. Consider the following statements 
I) Recession reduces the demands for goods and services
II) Recession leads to unemployment 
III) Government interference is desirable to reverse the recessionary trends
Which of above statements is/ are true about Recession 
a.    Only I
b.    Only II
c.    I,II,III
d.    None of above 
Answer: c


40.  Consider the following statement:
I) Government disinvesting its share in various public sector undertakings
II) Process of disinvestment is very fast
III) Process of disinvestment is very slow and government always falls short of target
Which of above statements is/ are true about government policy of disinvestment
a.    Only I
b.    I and III
c.    I and II
d.    I, II and III
Answer: b