The SEBI was given statutory recognition in 1992 on the recommendation of:

• the Chakraborty Commission
• the Chelliah Committee
• the Tendulkar Committee
• the Narasimham Committee
Correct Option: D  [ the Narasimham Committee ]

Remark:

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

• Agriculture
• Industry
• Service
• All of these
Correct Option: A  [ Agriculture ]

Remark:

The earlier name of WTO was:

• UNCTAD
• GATT
• UNIDO
• OECD
Correct Option: B  [ GATT ]

Remark: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.

If the RBI adopts expansionist open market operations policy, this means that it will:

• openly announce to the market that it intends to expand credit
• sell securities in open market
• offer commercial banks more credit in the open market
• buy securities from non-government holders
Correct Option: B  [ sell securities in open market ]

Remark:

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:

• Fourth Plan
• Sixth Plan
• Eight Plan
• Tenth Plan
Correct Option: B  [ Sixth Plan ]

Remark:

In Income Tax, Assessee is :

• a person who pays income tax
• a person who deducts income tax from its employees
• a person who prepares income tax Return of tax payers
• None of these
Correct Option: A  [ a person who pays income tax ]

Remark:

The purpose of land reforms was to :

• increase the production in agriculture
• increase the purchasing power of the rural population
• ensure distributive justice with economic growth
• all of the above
Correct Option: D  [ all of the above ]

Remark:

National Development Council was set up in:

• 1950
• 1951
• 1952
• 1954
Correct Option: C  [ 1952 ]

Remark:

Find out the statement which is false.
Financial Structural reform needs

• fall in government budget deficit
• increase in profitability of economic sectors
• reduce inflationary pressure
• increase in the balance of payment deficit
Correct Option: D  [ increase in the balance of payment deficit ]

Remark:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

• Rs. 1 lac
• Rs. 1.5 lacs
• Rs. 2 lacs
• Rs. 2.5 lacs
Correct Option: A  [ Rs. 1 lac ]

Remark: