In order to control inflationary price rise, Reserve Bank directs Banks to

• Reduce rate of interest on credit
• Reduce Statutory Liquidity Ratio (SLR)
• Increase Cash Reserve Ratio (CRR)
• Buy bonds from capital market
Solution
Correct Option: C  [ Increase Cash Reserve Ratio (CRR) ]

Explanation:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Solution
Correct Option: C  [ M. Visvesvaraya ]

Explanation:

Which institution in India controls the monetary policy of Indian currency?

• Finance Commission
• The Finance Ministry of India
• The Reserve Bank of India
• None of the above
Solution
Correct Option: C  [ The Reserve Bank of India ]

Explanation:

Three annual plans were launched between:

• 1969 to 1972
• 1986 to 1989
• 1990 to 1993
• 1966 to 1969
Solution
Correct Option: D  [ 1966 to 1969 ]

Explanation:

Who is the Chairman of the Fifteenth Finance Commission of India ?

• Anurag Thakur
• V. K. Singh
• R. Jain
• N. K. Singh
Solution
Correct Option: D  [ N. K. Singh ]

Explanation:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Solution
Correct Option: A  [ The Ministry of Finance ]

Explanation:

If withdrawal of a worker from employment does not create any output loss, this situation is known as

• Search unemployment
• Voluntary unemployment
• Disguised unemployment
• Frictional unemployment
Solution
Correct Option: C  [ Disguised unemployment ]

Explanation:

National Food Security Act came into effect in the year:

• 2012
• 2013
• 2014
• None of the above
Solution
Correct Option: B  [ 2013 ]

Explanation:

Which organisation looks after the credit need of agriculture and rural development in India ?

• FCI
• IDBI
• NABARD
• ICAR
Solution
Correct Option: C  [ NABARD ]

Explanation:

The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:

• Agricultural sector
• Services sector
• Heavy Capital Goods Industrial sector
• Small scale Village Industrial sector
Solution
Correct Option: C  [ Heavy Capital Goods Industrial sector ]

Explanation: