Home History Geography Polity General Science Indian Economy Grammar
Welcome, Guest

MCQ on Indian Economy

In which year the Planning commission was set-up?

  • 1949
  • 1950
  • 1951
  • 1952
    • Correct Option: B  [ 1950 ]

    Explanation:

Which of the following is the role of Finance Commission ?

  • Sharing of net proceeds of taxes between the Centre and States.
  • Recommending principles for governing the grants-in-aid to the States by the Centre
  • Recommendations on matters referred to it by the President for the interest of finance
  • All of the above
    • Correct Option: D  [ All of the above ]

    Explanation:

The full form of GST is:

  • General Sales Tax
  • Goods and Services Tax
  • Government Special Tax
  • General Service Tax
    • Correct Option: B  [ Goods and Services Tax ]

    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 World Trade Organisation has replaced which organisation ?

  • ITO
  • UNCTAD
  • GATT
  • OECD
    • Correct Option: C  [ GATT ]

    Explanation:

Find out the statement which is false.
Financial Structural reform needs

  • fall in government budget deficit
  • increase in profitability of economic sectors
  • reduce inflationary pressure
  • increase in the balance of payment deficit
    • Correct Option: D  [ increase in the balance of payment deficit ]

    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 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:

The Gandhian economy is based on the principle of:

  • Competition
  • Trusteeship
  • State Control
  • None of the above
    • Correct Option: B  [ Trusteeship ]

    Explanation:

Chairman of the 15th Finance Commission of India-

  • NK Singh
  • YV Reddy
  • Ranghuram Rajan
  • Ramesh Chand
    • Correct Option: A  [ NK Singh ]

    Explanation:
« First< Previous6789101112Next >Last »