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MCQ on Indian Economy

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

  • education for all
  • education for the weaker sections
  • universalisation of elementary education
  • bridge all the genders and social gaps in education
  • Correct Option: C  [ universalisation of elementary education ]

    Explanation:

Government imposes taxes to:

  • run the machinery of State
  • uplift of weaker sections
  • check the accumulation of wealth among the rich
  • None of the above
  • Correct Option: A  [ run the machinery of State ]

    Explanation:

New Industrial Policy of India was introduced in the year:

  • 1990
  • 1991
  • 1992
  • 1993
  • Correct Option: B  [ 1991 ]

    Explanation:

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 ]

    Explanation:

Which of the following products of Tripura ranks Second in all India level in terms of production ?

  • Paddy
  • Bamboo
  • Natural gas
  • Natural rubber
  • Correct Option: D  [ Natural rubber ]

    Explanation:

Which of the following benefits is covered under social security schemes ?

  • Retirement benefits
  • Medical facility
  • Compensation facilities
  • All of the above
  • Correct Option: D  [ All of the above ]

    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
  • Correct Option: C  [ It is a State Government's scheme ]

    Explanation:

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

  • Bills of exchange
  • Current account deposits
  • Money lent at short notice
  • Credit balances with the Reserve Bank
  • Correct Option: B  [ Current account deposits ]

    Explanation:

The basic regulatory authority for mutual funds and stock markets lies with the:

  • Stock exchanges
  • Government of India
  • Reserve Bank of India
  • Securities and Exchange Board of India.
  • Correct Option: D  [ Securities and Exchange Board of India. ]

    Explanation:

The World Trade Organisation has replaced which organisation ?

  • ITO
  • UNCTAD
  • GATT
  • OECD
  • Correct Option: C  [ GATT ]

    Explanation: