MCQ on Indian Economy
The earlier name of WTO was:
- UNCTAD
- GATT
- UNIDO
- OECD
Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.
When was National Bank of Agriculture and Rural Development (NABARD) established ?
- 6th Dec, 1947
- 6th Dec, 1982
- 5th Nov, 1982
- 7th Oct, 1982
Explanation:
The World Trade Organisation has replaced which organisation ?
- ITO
- UNCTAD
- GATT
- OECD
Explanation:
Parallel economy refers to:
- Traditional economy
- Black money
- Agriculture based economy
- Socialist economy
Explanation:
ICDS was first introduced in India in the year
- 1975
- 1977
- 1979
- None of these
Explanation:
About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?
- It focuses on both the rural and urban areas
- It aims at skill development.
- It is a State Government's scheme
- It has replaced Ajeevika
Explanation:
Consider the following statements regarding the Goods and Services Tax (GST) of India:
(i) GST is a successor to VAT used in India on the supply of goods and services.
(ii) GST came into effect from 1st July, 2017 through the implementation of the one hundred and first Amendment of the Constitution of India.
(iii) Every decision of the GST Council is to be taken by a majority of not less than three fourths of the weighted votes of the members present and
voting at the meeting.
(iv) The GST Council is chaired by the Prime Minister of India.
Select the correct statement/statements using the codes given below.
- (i) only
- (ii) only
- (iii) and (iv) only
- (i), (ii) and (iii) only
Explanation:
Planning Commission of India was set up by :
- Morarji Desai
- T T Krishnamachari
- Jawaharlal Nehru
- None of the above
Explanation:
The Gandhian economy is based on the principle of:
- Competition
- Trusteeship
- State Control
- None of the above
Explanation:
From the following statements pertaining to the World Economic Forum (WEF), find the correct
statement(s) :
(i) The WEF is a platform under the International Monetary Fund (IMF).
(ii) The WEF is an independent department of the World Bank.
(iii) The WEF is an International Organization for Public-Private Cooperation.
(iv) The WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.
Select the correct answer using the codes given below.
- Only (1)
- Only (ii)
- Only (iii) and (iv)
- Only (ii) and (iii)
Explanation: