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MCQ on Indian Economy
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.
The earlier name of WTO was:
- UNCTAD
- GATT
- UNIDO
- OECD
Correct Option: B [ GATT ]
Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.
Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.
Who wrote the book Planned Economy for India?
- Jawaharlal Nehru
- Indira Gandhi
- M. Visvesvaraya
- Mahatma Gandhi
Correct Option: C [ M. Visvesvaraya ]
Explanation:
Explanation:
The basic regulatory authority for mutual funds and stock markets lies with the:
- Stock exchanges
- Government of India
- Reserve Bank of India
- Securities and Exchange Board of India.
Correct Option: D [ Securities and Exchange Board of India. ]
Explanation:
Explanation:
Which one of the following is an indirect tax levied by the Central Government in India ?
- Service tax
- Corporate Income tax
- Profession tax
- Agricultural Income tax
Correct Option: A [ Service tax ]
Explanation:
Explanation:
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:
Explanation:
"Swadesh Darshan" is:
- a scheme for development of tourism infrastructure
- related with transportation service for sightseeing in Tripura
- a Char Dham Yatra
- visit to a natural scenery
Correct Option: A [ a scheme for development of tourism
infrastructure ]
Explanation:
Explanation:
Which of the following sources provides highest tax revenue to Government of India?
- Personal Income Tax
- Excise Duty
- Corporation Tax
- Customs Duty
Correct Option: C [ Corporation Tax ]
Explanation:
Explanation:
National Development Council was set up in:
- 1950
- 1951
- 1952
- 1954
Correct Option: C [ 1952 ]
Explanation:
Explanation:
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:
Explanation: