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
Solution
Correct Option: B  [ Commission for Agricultural Costs and Prices ]

Explanation:

Which of the following is not the part of non-statutory welfare measure ?

• Health
• Education
• Transport
• Employees compensation
Solution
Correct Option: C  [ Transport ]

Explanation:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Solution
Correct Option: C  [ M. Visvesvaraya ]

Explanation:

The full form of GST is:

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

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
Solution
Correct Option: A  [ Service tax ]

Explanation:

Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:

• Reduction of Poverty
• Extension of employment opportunities
• Strengthening of capital market
• Reduction in gender inequality
Solution
Correct Option: C  [ Strengthening of capital market ]

Explanation:

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

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

Explanation:

Parallel economy refers to:

• Traditional economy
• Black money
• Agriculture based economy
• Socialist economy
Solution
Correct Option: B  [ Black money ]

Explanation:

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

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

Explanation:

Thename of Prasanta Chandra Mahalanobis is associated with:

• First Five-Year Plan
• Second Five-Year Plan
• Third Five-Year Plan
• Fourth Five-Year Plan
Solution
Correct Option: B  [ Second Five-Year Plan ]

Explanation: Prof. Prasanta Chandra Mahalanobis is also known as the father of Indian Statistics, architect of the Second Five-Year Plan (1956–61).