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MCQ on Indian Economy

Where is the headquarter of State Bank of India (SBI) situated ?

  • Delhi
  • Mumbai
  • Pune
  • Srinagar
  • Correct Option: B  [ Mumbai ]

    Explanation:

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

  • education for all
  • education for the weaker sections
  • universalisation of elementary education
  • bridge all the genders and social gaps in education
  • Correct Option: C  [ universalisation of elementary education ]

    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
  • Correct Option: D  [ all of the above ]

    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
  • Correct Option: B  [ Sixth Plan ]

    Explanation:

The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

  • growth of population
  • increase in price level
  • growth of money supply
  • increase in the wage rate
  • Correct Option: B  [ increase in price level ]

    Explanation:

GST abolishes which of the following taxes ?

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

    Explanation:

ICDS was first introduced in India in the year

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

    Explanation:

Which of the following is the main problem in the growth of agriculture sector in Tripura ?

  • About 96 per cent of the land holdings are small and marginal
  • 60 per cent of the total geographical area is forest cover
  • Two-third of the geographical area is hilly
  • All of the above
  • Correct Option: D  [ All of the above ]

    Explanation:

Fiscal policy is connected with:

  • exports and imports
  • issue of currency
  • public revenue and public expenditure
  • liquidity of money
  • Correct Option: C  [ public revenue and public expenditure ]

    Explanation:

Which of the following benefits is covered under social security schemes ?

  • Retirement benefits
  • Medical facility
  • Compensation facilities
  • All of the above
  • Correct Option: D  [ All of the above ]

    Explanation: