MCQ on Indian Economy
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
Explanation:
The period of high inflation and low economic growth is termed as:
- Stagnation
- Take-off stage in economy
- Stagflation
- Depression
Explanation:
In order to control inflationary price rise, Reserve Bank directs Banks to
- Reduce rate of interest on credit
- Reduce Statutory Liquidity Ratio (SLR)
- Increase Cash Reserve Ratio (CRR)
- Buy bonds from capital market
Explanation:
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
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
Explanation:
Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:
- 15th August, 2014
- 28th August, 2015
- 26th January, 2016
- None of the above
Explanation:
The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of
- growth of population
- increase in price level
- growth of money supply
- increase in the wage rate
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
Explanation:
"SEBI" stands for the:
- State Earnings Board of India
- Securities and Exchange Bank of India
- Securities and Exchange Board of India
- State Exchange Bank of India
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Parallel economy refers to:
- Traditional economy
- Black money
- Agriculture based economy
- Socialist economy
Explanation: