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MCQ on Indian Economy
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Correct Option: C [ National Development Council ]
Explanation:
Explanation:
In India, present trend of rapid urbanization is due to:
- lack of employment opportunities in rural areas
- influence of cinema and electronic media
- break up of joint family system
- abolition of zamindari tystem
Correct Option: A [ lack of employment opportunities in rural
areas ]
Explanation:
Explanation:
Major part of the Indian agriculture is characterized by
- Large size farm
- Capitalist agriculture
- Small size farm
- Co-operative farm
Correct Option: C [ Small size farm ]
Explanation:
Explanation:
The Reserve Bank of India was established in the year :
- 1930
- 1935
- 1940
- 1945
Correct Option: B [ 1935 ]
Explanation: RBI Nationalized on 1st Jan, 1949.
Explanation: RBI Nationalized on 1st Jan, 1949.
Three annual plans were launched between:
- 1969 to 1972
- 1986 to 1989
- 1990 to 1993
- 1966 to 1969
Correct Option: D [ 1966 to 1969 ]
Explanation:
Explanation:
NPA of a commercial bank means:
- Net-Performing Asset
- New-Performing Asset
- Non-Personal Account
- Non-Performing Asset
Correct Option: D [ Non-Performing Asset ]
Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.
Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.
In India, which sector generally suffers from the problem of surplus labour ?
- Agriculture
- Industry
- Service
- All of these
Correct Option: A [ Agriculture ]
Explanation:
Explanation:
Which of the following sources provides highest tax revenue to Government of India?
- Personal Income Tax
- Excise Duty
- Corporation Tax
- Customs Duty
Correct Option: C [ Corporation Tax ]
Explanation:
Explanation:
Which is the following is direct tax ?
- Income tax
- Excise duty
- Sales tax
- None of these
Correct Option: A [ Income tax ]
Explanation:
Explanation:
"SEBI" stands for the:
- State Earnings Board of India
- Securities and Exchange Bank of India
- Securities and Exchange Board of India
- State Exchange Bank of India
Correct Option: C [ Securities and Exchange Board of India ]
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992