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MCQ on Indian Economy


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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.

Where is the headquarter of Reserve Bank of India (RBI) situated ?

  • Chennai
  • New Delhi
  • Kolkata
  • Mumbai
Correct Option: D  [ Mumbai ]

Explanation: Established in Calcutta but shifted to Mumbai in 1937.

When was National Bank of Agriculture and Rural Development (NABARD) established ?

  • 6th Dec, 1947
  • 6th Dec, 1982
  • 5th Nov, 1982
  • 7th Oct, 1982
Correct Option: C  [ 5th Nov, 1982 ]

Explanation:

Who was the first Governor of Reserve Bank of India (RBI)?

  • C D Deshmukh
  • Sir Osborne Smith
  • James Braid Taylor
  • Benegal Rama Rau
Correct Option: B  [ Sir Osborne Smith ]

Explanation: from 1935 to 1937

The highest body which approves the Five Year Plan in India is :

  • Parliament
  • Planning Commission
  • National Development Council
  • Finance Commission
Correct Option: C  [ National Development Council ]

Explanation:

Scheme run under MGNREGA are sponsored :

  • by the Central Government alone
  • by the State Government alone
  • partly by the Central Government and partly by the State Government
  • by Centre, State and Panchayat bodies together
Correct Option: C  [ partly by the Central Government and partly by the State Government ]

Explanation:

The architect of the Second Five Year Plan was :

  • Mahatma Gandhi
  • Subhash Chandra Bose
  • P. C. Mahalanobis
  • None of them
Correct Option: C  [ P. C. Mahalanobis ]

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:

Which is the following is direct tax ?

  • Income tax
  • Excise duty
  • Sales tax
  • None of these
Correct Option: A  [ Income tax ]

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:
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