MCQ on Indian Economy
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
Explanation:
The period of high inflation and low economic growth is termed as:
- Stagnation
- Take-off stage in economy
- Stagflation
- Depression
Explanation:
In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:
- Fourth Plan
- Sixth Plan
- Eight Plan
- Tenth Plan
Explanation:
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
Explanation:
Consider the following statements regarding the Goods and Services Tax (GST) of India:
(i) GST is a successor to VAT used in India on the supply of goods and services.
(ii) GST came into effect from 1st July, 2017 through the implementation of the one hundred and first Amendment of the Constitution of India.
(iii) Every decision of the GST Council is to be taken by a majority of not less than three fourths of the weighted votes of the members present and
voting at the meeting.
(iv) The GST Council is chaired by the Prime Minister of India.
Select the correct statement/statements using the codes given below.
- (i) only
- (ii) only
- (iii) and (iv) only
- (i), (ii) and (iii) only
Explanation:
Which period in India is known as plan holiday ?
- 1961-1966
- 1965-1966
- 1966-1969
- 1969-1974
Explanation:
Who is the Chairman of the Fifteenth Finance Commission of India ?
- Anurag Thakur
- V. K. Singh
- R. Jain
- N. K. Singh
Explanation:
"Swadesh Darshan" is:
- a scheme for development of tourism infrastructure
- related with transportation service for sightseeing in Tripura
- a Char Dham Yatra
- visit to a natural scenery
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
Explanation:
Three annual plans were launched between:
- 1969 to 1972
- 1986 to 1989
- 1990 to 1993
- 1966 to 1969
Explanation: