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MCQ on Indian Economy

Question : In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:

Option-A : Fourth Plan

Option-B : Sixth Plan

Option-C : Eight Plan

Option-D : Tenth Plan

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Question : National Development Council was set up in:

Option-A : 1950

Option-B : 1951

Option-C : 1952

Option-D : 1954

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Question : Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

Option-A : 15th August, 2014

Option-B : 28th August, 2015

Option-C : 26th January, 2016

Option-D : None of the above

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Question : Which institution in India controls the monetary policy of Indian currency?

Option-A : Finance Commission

Option-B : The Finance Ministry of India

Option-C : The Reserve Bank of India

Option-D : None of the above

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Question : Which of the following is not an asset held by the commercial bank ?

Option-A : Bills of exchange

Option-B : Current account deposits

Option-C : Money lent at short notice

Option-D : Credit balances with the Reserve Bank

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Question : Tertiary sector activities include

Option-A : Cottage industries

Option-B : Mining activities

Option-C : Construction activities

Option-D : Infrastructure services

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Question : Who is the Chairman of the Fifteenth Finance Commission of India ?

Option-A : Anurag Thakur

Option-B : V. K. Singh

Option-C : R. Jain

Option-D : N. K. Singh

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Question : GST abolishes which of the following taxes ?

Option-A : Corporation tax

Option-B : Service tax

Option-C : Income tax

Option-D : Wealth tax

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Question : Who was the first Governor of Reserve Bank of India (RBI)?

Option-A :C D Deshmukh

Option-B :Sir Osborne Smith

Option-C :James Braid Taylor

Option-D :Benegal Rama Rau

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Question : SRI, which is highly practiced in Tripura is associated with:

Option-A : Rice production

Option-B : Rural internal connectivity

Option-C : E-marketing

Option-D : Regards to elders

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