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MCQ on Indian Economy
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
Correct Option: B [ 1950 ]
Explanation:
Explanation:
Economic growth is usually coupled with ___________.
- deflation
- inflation
- Stagflation
- hyper inflation
Correct Option: B [ inflation ]
Explanation:
Explanation:
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.
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
The Reserve Bank of India was established in the year :
- 1930
- 1935
- 1940
- 1945
Correct Option: B [ 1935 ]
Explanation: RBI Nationalized on 1st Jan, 1949.
Explanation: RBI Nationalized on 1st Jan, 1949.
NABARD stands for:
- National Activated Bank for Agriculture and Rural Development
- National Bank for Agriculture and Rural Development
- National Agricultural Backward and Rural Development
- National Bank for Accelerated Rural Development
Correct Option: B [ National Bank for Agriculture and Rural Development ]
Explanation:
Explanation:
Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?
- National Farmers Commission
- Commission for Agricultural Costs and Prices
- Central Statistical organization
- Department of Agriculture
Correct Option: B [ Commission for Agricultural Costs and Prices ]
Explanation:
Explanation:
Where is the headquarter of State Bank of India (SBI) situated ?
- Delhi
- Mumbai
- Pune
- Srinagar
Correct Option: B [ Mumbai ]
Explanation:
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:
Explanation:
What is the 'Repo rate' ?
- It is the rate at which International Aid Agencies lend to RBI
- It is the rate at which the banks lend to RBI
- It is the rate at which RBI borrows from the market
- It is the rate at which RBI lends to banks
Correct Option: D [ It is the rate at which RBI lends to banks ]
Explanation:
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:
Explanation: