Which of the following sources provides highest tax revenue to Government of India?

• Personal Income Tax
• Excise Duty
• Corporation Tax
• Customs Duty
Solution
Correct Option: C  [ Corporation Tax ]

Explanation:

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
Solution
Correct Option: D  [ all of the above ]

Explanation:

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
Solution
Correct Option: B  [ sell securities in open market ]

Explanation:

ICDS was first introduced in India in the year

• 1975
• 1977
• 1979
• None of these
Solution
Correct Option: A  [ 1975 ]

Explanation:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Solution
Correct Option: D  [ Electricity, gas and water supply ]

Explanation:

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

• First Five Year Plan
• Second Five Year Plan
• Third Five Year Plan
• Fourth Five Year Plan
Solution
Correct Option: B  [ Second Five Year Plan ]

Explanation:

Which of the following has the highest per capita income ?

• Delhi
• Sikkim
• Haryana
• Goa
Solution
Correct Option: D  [ Goa ]

Explanation:

The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:

• 2006
• 2009
• 2010
• 2012
Solution
Correct Option: A  [ 2006 ]

Explanation:

The Reserve Bank of India was established in the year :

• 1930
• 1935
• 1940
• 1945
Solution
Correct Option: B  [ 1935 ]

Explanation: RBI Nationalized on 1st Jan, 1949.

Planning Commission of India was set up by :

• Morarji Desai
• T T Krishnamachari
• Jawaharlal Nehru
• None of the above
Solution
Correct Option: C  [ Jawaharlal Nehru ]

Explanation: