First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Solution
Correct Option: D  [ 1951 ]

Explanation: 1951-56

The World Trade Organisation has replaced which organisation ?

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

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
Solution
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

GST abolishes which of the following taxes ?

• Corporation tax
• Service tax
• Income tax
• Wealth tax
Solution
Correct Option: B  [ Service tax ]

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:

National Development Council was set up in:

• 1950
• 1951
• 1952
• 1954
Solution
Correct Option: C  [ 1952 ]

Explanation:

The equilibrium condition for money market is:

• demand for money should be equal to supply of money
• cash in hand should be equal to deposits in bank
• saving is equal to investment
• bank rate is equal to repo rate
Solution
Correct Option: A  [ demand for money should be equal to supply of money ]

Explanation:

Which prograrnme gave the slogan, Garibi Hatao ?

• 4th Five Year Plan
• 5th Five year plan
• 6th Five Year Plan
• 7th Five year plan
Solution
Correct Option: B  [ 5th Five year plan ]

Explanation:

NABARD stands for:

• National Activated Bank for Agriculture and Rural Development
• National Bank for Agriculture and Rural Development
• National Agricultural Backward and Rural Development
• National Bank for Accelerated Rural Development
Solution
Correct Option: B  [ National Bank for Agriculture and Rural Development ]

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
Solution
Correct Option: A  [ lack of employment opportunities in rural areas ]

Explanation: