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MCQ on Indian Economy

Mixed economy means an economy where:

  • There is co-existence of public sector along with private sector
  • Both agriculture and Industry are equally promoted by the state
  • There is importance of small scale industries along with heavy industries
  • Economy is controlled by military as well as civilian rulers
  • Correct Option: A  [ There is co-existence of public sector along with private sector ]

    Explanation:

About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?

  • It focuses on both the rural and urban areas
  • It aims at skill development.
  • It is a State Government's scheme
  • It has replaced Ajeevika
  • Correct Option: C  [ It is a State Government's scheme ]

    Explanation:

Who was the father of Operation Flood in India ?

  • Dr. Varghese Kurien
  • M. S. Swaminathan
  • A P J Abdul Kalam
  • Morarji Desai
  • Correct Option: A  [ Dr. Varghese Kurien ]

    Explanation: Operation Flood related to Milk Production.

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:

Who is the Chairman of the Fifteenth Finance Commission of India ?

  • Anurag Thakur
  • V. K. Singh
  • R. Jain
  • N. K. Singh
  • Correct Option: D  [ N. K. Singh ]

    Explanation:

ICDS was first introduced in India in the year

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

    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
  • 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

In India, Special Economic Zones were established to enhance:

  • Technology Development
  • Free Trade
  • Foreign Investment
  • Employment
  • Correct Option: B  [ Free Trade ]

    Explanation:

Plan finance creates increase of money supply if there is

  • increase in taxes
  • increase in loan from the Reserve Bank of India
  • increase in loan from commercial Banks
  • increase in loan from general public
  • Correct Option: A  [ increase in taxes ]

    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: