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MCQ on Indian Economy

Question : Government imposes taxes to:

Option-A : run the machinery of State

Option-B : uplift of weaker sections

Option-C : check the accumulation of wealth among the rich

Option-D : None of the above

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Question : When was National Bank of Agriculture and Rural Development (NABARD) established ?

Option-A :6th Dec, 1947

Option-B :6th Dec, 1982

Option-C :5th Nov, 1982

Option-D : 7th Oct, 1982

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Question : In India, which sector generally suffers from the problem of surplus labour ?

Option-A : Agriculture

Option-B : Industry

Option-C : Service

Option-D : All of these

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Question : If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :

Option-A : decrease it

Option-B : increase it

Option-C : No impact

Option-D : None of these

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Question : New Industrial Policy of India was introduced in the year:

Option-A : 1990

Option-B : 1991

Option-C : 1992

Option-D : 1993

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Question : Which organisation looks after the credit need of agriculture and rural development in India ?

Option-A : FCI

Option-B : IDBI

Option-C : NABARD

Option-D : ICAR

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Question : Where is the headquarter of State Bank of India (SBI) situated ?

Option-A : Delhi

Option-B : Mumbai

Option-C : Pune

Option-D : Srinagar

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Question : Which of the following is not the part of non-statutory welfare measure ?

Option-A : Health

Option-B : Education

Option-C : Transport

Option-D : Employees compensation

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Question : The purpose of land reforms was to :

Option-A : increase the production in agriculture

Option-B : increase the purchasing power of the rural population

Option-C : ensure distributive justice with economic growth

Option-D : all of the above

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Question : About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?

Option-A : It focuses on both the rural and urban areas

Option-B : It aims at skill development.

Option-C : It is a State Government's scheme

Option-D : It has replaced Ajeevika

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