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MCQ on Indian Economy

Which of the following sources provides highest tax revenue to Government of India?

  • Personal Income Tax
  • Excise Duty
  • Corporation Tax
  • Customs Duty
    • Correct Option: C  [ Corporation Tax ]

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

    Explanation:

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:

The SEBI was given statutory recognition in 1992 on the recommendation of:

  • the Chakraborty Commission
  • the Chelliah Committee
  • the Tendulkar Committee
  • the Narasimham Committee
    • Correct Option: D  [ the Narasimham Committee ]

    Explanation:

ICDS was first introduced in India in the year

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

    Explanation:

Planning Commission of India was set up by :

  • Morarji Desai
  • T T Krishnamachari
  • Jawaharlal Nehru
  • None of the above
    • Correct Option: C  [ Jawaharlal Nehru ]

    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:

In India, which sector generally suffers from the problem of surplus labour ?

  • Agriculture
  • Industry
  • Service
  • All of these
    • Correct Option: A  [ Agriculture ]

    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
    • Correct Option: A  [ a scheme for development of tourism infrastructure ]

    Explanation:

Find out the statement which is false.
Financial Structural reform needs

  • fall in government budget deficit
  • increase in profitability of economic sectors
  • reduce inflationary pressure
  • increase in the balance of payment deficit
    • Correct Option: D  [ increase in the balance of payment deficit ]

    Explanation:
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