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MCQ on Indian Economy

What is hard currency?

  • A stable currency
  • Arranged in war time
  • Issued by IMF
  • Given by RBI to foreign banks
    • Correct Option: A  [ A stable currency ]

    Explanation:

Which period in India is known as plan holiday ?

  • 1961-1966
  • 1965-1966
  • 1966-1969
  • 1969-1974
    • Correct Option: C  [ 1966-1969 ]

    Explanation:

Tertiary sector activities include

  • Cottage industries
  • Mining activities
  • Construction activities
  • Infrastructure services
    • Correct Option: D  [ Infrastructure services ]

    Explanation:

Which activity is not included in service sector ?

  • Trade, hotels and restaurants
  • Real estate, finance and insurance
  • Transport and communication
  • Electricity, gas and water supply
    • Correct Option: D  [ Electricity, gas and water supply ]

    Explanation:

Which institution in India controls the monetary policy of Indian currency?

  • Finance Commission
  • The Finance Ministry of India
  • The Reserve Bank of India
  • None of the above
    • Correct Option: C  [ The Reserve Bank of India ]

    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:

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

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

    Explanation:

'Economic Survey' is published by:

  • The Ministry of Finance
  • The Planning Commission
  • The Government of India
  • The Central Statistical Organization
    • Correct Option: A  [ The Ministry of Finance ]

    Explanation:

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

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

    Explanation:

Which of the following is a primary sector of economic activities in India ?

  • Food processing
  • Telecom services
  • Manufacturing industry
  • Agriculture
    • Correct Option: D  [ Agriculture ]

    Explanation:
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