Fiscal Deficit is:

• Government expenditure minus borrowings
• Government expenditure minus revenue receipts
• Same as budget deficit
• Budget deficit minus borrowings and other liabilities
Correct Option: B  [ Government expenditure minus revenue receipts ]

Remark:

Green revolution occurred during:

• 1945-1955
• 1965-1975
• 1985-1995
• none of these
Correct Option: B  [ 1965-1975 ]

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
Correct Option: C  [ The Reserve Bank of India ]

Remark:

NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

• 1st January, 2015
• 26th January, 2015
• 15th August, 2015
• None of the above
Correct Option: A  [ 1st January, 2015 ]

Remark:

ICDS was first introduced in India in the year

• 1975
• 1977
• 1979
• None of these
Correct Option: A  [ 1975 ]

Remark:

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

• First Five Year Plan
• Second Five Year Plan
• Third Five Year Plan
• Fourth Five Year Plan
Correct Option: B  [ Second Five Year Plan ]

Remark:

GST abolishes which of the following taxes ?

• Corporation tax
• Service tax
• Income tax
• Wealth tax
Correct Option: B  [ Service tax ]

Remark:

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
Correct Option: B  [ increase it ]

Remark:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Correct Option: D  [ Service sector ]

Remark:

Who was the father of Operation Flood in India ?

• Dr. Varghese Kurien
• M. S. Swaminathan
• A P J Abdul Kalam
• Morarji Desai
Correct Option: A  [ Dr. Varghese Kurien ]

Remark: Operation Flood related to Milk Production.