MCQ on Indian Economy
When two or more persons working jointly on the basis of a common plan of action, then it is called:
- Co-operation
- Collaboration
- Co-ordination
- Consulting
Explanation:
Where is the headquarter of Reserve Bank of India (RBI) situated ?
- Chennai
- New Delhi
- Kolkata
- Mumbai
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
Which of the following products of Tripura ranks Second in all India level in terms of production ?
- Paddy
- Bamboo
- Natural gas
- Natural rubber
Explanation:
Consider the following statements regarding the Goods and Services Tax (GST) of India:
(i) GST is a successor to VAT used in India on the supply of goods and services.
(ii) GST came into effect from 1st July, 2017 through the implementation of the one hundred and first Amendment of the Constitution of India.
(iii) Every decision of the GST Council is to be taken by a majority of not less than three fourths of the weighted votes of the members present and
voting at the meeting.
(iv) The GST Council is chaired by the Prime Minister of India.
Select the correct statement/statements using the codes given below.
- (i) only
- (ii) only
- (iii) and (iv) only
- (i), (ii) and (iii) only
Explanation:
Which of the following is a primary sector of economic activities in India ?
- Food processing
- Telecom services
- Manufacturing industry
- Agriculture
Explanation:
New Industrial Policy of India was introduced in the year:
- 1990
- 1991
- 1992
- 1993
Explanation:
Which period in India is known as plan holiday ?
- 1961-1966
- 1965-1966
- 1966-1969
- 1969-1974
Explanation:
National Food Security Act came into effect in the year:
- 2012
- 2013
- 2014
- None of the above
Explanation:
Who prints and supplies the currency notes in India:
- State Bank of India
- United Bank of India
- Reserve Bank of India
- United Commercial Bank of India
Explanation:
Economic growth is usually coupled with ___________.
- deflation
- inflation
- Stagflation
- hyper inflation
Explanation: