MCQ on Indian Economy
If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :
- decrease it
- increase it
- No impact
- None of these
Remark:
Which one of the following is an indirect tax levied by the Central Government in India ?
- Service tax
- Corporate Income tax
- Profession tax
- Agricultural Income tax
Remark:
Which of the following products of Tripura ranks Second in all India level in terms of production ?
- Paddy
- Bamboo
- Natural gas
- Natural rubber
Remark:
Which of the following Committees are related to Banking reforms: i) Narsimham Committee ii) P J Nayak Committee iii) Sunil Mehta Committee iv) Nachiket Mor Committee
- (i), (ii) and (iii) only
- (ii), (iii) and (iv) only
- (i) and (iv) only
- (i), (ii), (iii) and (iv)
Remark:
The equilibrium condition for money market is:
- demand for money should be equal to supply of money
- cash in hand should be equal to deposits in bank
- saving is equal to investment
- bank rate is equal to repo rate
Remark:
'Economic Survey' is published by:
- The Ministry of Finance
- The Planning Commission
- The Government of India
- The Central Statistical Organization
Remark:
The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
- 2006
- 2009
- 2010
- 2012
Remark:
GST abolishes which of the following taxes ?
- Corporation tax
- Service tax
- Income tax
- Wealth tax
Remark:
Which institution in India controls the monetary policy of Indian currency?
- Finance Commission
- The Finance Ministry of India
- The Reserve Bank of India
- None of the above
Remark:
The period of high inflation and low economic growth is termed as:
- Stagnation
- Take-off stage in economy
- Stagflation
- Depression
Remark: