MCQ on Indian Economy for the preparation of UPSC Civil Services and TPSC, WBSC, APSC, TCS & TPS Examinations

NPA of a commercial bank means:

Net-Performing Asset
New-Performing Asset
Non-Personal Account
Non-Performing Asset

Correct Option: D [ Non-Performing Asset ]

Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

RBI
SIDBI
ICICI
NABARD

Correct Option: B [ SIDBI ]

Explanation:

Which of the following sector gives the largest income in India ?

Trade sector
Railway
Agriculture
Service sector

Correct Option: D [ Service sector ]

Explanation:

When two or more persons working jointly on the basis of a common plan of action, then it is called:

Co-operation
Collaboration
Co-ordination
Consulting

Correct Option: B [ Collaboration ]

Explanation:

The World Trade Organisation has replaced which organisation ?

ITO
UNCTAD
GATT
OECD

Correct Option: C [ GATT ]

Explanation:

Which is the following is direct tax ?

Income tax
Excise duty
Sales tax
None of these

Correct Option: A [ Income tax ]

Explanation:

Green revolution occurred during:

1945-1955
1965-1975
1985-1995
none of these

Correct Option: B [ 1965-1975 ]

Explanation:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

Rs. 1 lac
Rs. 1.5 lacs
Rs. 2 lacs
Rs. 2.5 lacs

Correct Option: A [ Rs. 1 lac ]

Explanation:

Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:

Reduction of Poverty
Extension of employment opportunities
Strengthening of capital market
Reduction in gender inequality

Correct Option: C [ Strengthening of capital market ]

Explanation:

In India, Special Economic Zones were established to enhance:

Technology Development
Free Trade
Foreign Investment
Employment

Correct Option: B [ Free Trade ]

Explanation: