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MCQ on Indian Economy

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:

Which organisation looks after the credit need of agriculture and rural development in India ?

  • FCI
  • IDBI
  • NABARD
  • ICAR
  • Correct Option: C  [ NABARD ]

    Explanation:

The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:

  • Agricultural sector
  • Services sector
  • Heavy Capital Goods Industrial sector
  • Small scale Village Industrial sector
  • Correct Option: C  [ Heavy Capital Goods Industrial sector ]

    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:

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:

Major part of the Indian agriculture is characterized by

  • Large size farm
  • Capitalist agriculture
  • Small size farm
  • Co-operative farm
  • Correct Option: C  [ Small size farm ]

    Explanation:

Which of the following is true in respect of Centre-State financial relations ?

  • Amount given by Centre is the only source of income to States
  • States can by-pass Centre while taking foreign loans
  • States can not levy income tax
  • States can claim 100 % share in excise duty on goods produced in the State
  • Correct Option: C  [ States can not levy income tax ]

    Explanation:

The equilibrium condition for money market is:

  • demand for money should be equal to supply of money
  • cash in hand should be equal to deposits in bank
  • saving is equal to investment
  • bank rate is equal to repo rate
  • Correct Option: A  [ demand for money should be equal to supply of money ]

    Explanation:

Which of the following does not come under the GST in India ?

  • Agricultural products
  • Handicrafts
  • Gems and jewelries
  • Petroleum products
  • Correct Option: D  [ Petroleum products ]

    Explanation:

Government imposes taxes to:

  • run the machinery of State
  • uplift of weaker sections
  • check the accumulation of wealth among the rich
  • None of the above
  • Correct Option: A  [ run the machinery of State ]

    Explanation: