MCQ on Indian Economy
Which of the following sources provides highest tax revenue to Government of India?
- Personal Income Tax
- Excise Duty
- Corporation Tax
- Customs Duty
Explanation:
The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
- 2006
- 2009
- 2010
- 2012
Explanation:
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Explanation:
SRI, which is highly practiced in Tripura is associated with:
- Rice production
- Rural internal connectivity
- E-marketing
- Regards to elders
Explanation:
Which is the following is direct tax ?
- Income tax
- Excise duty
- Sales tax
- None of these
Explanation:
Which prograrnme gave the slogan, Garibi Hatao ?
- 4th Five Year Plan
- 5th Five year plan
- 6th Five Year Plan
- 7th Five year plan
Explanation:
Assertion (A) :
The development programmes undertaken in India are oriented towards economic growth along with social justice.
Reason (R) :
Indian economy is afflicted with poverty, unemployment and inequalities.
Select the correct answer from the following options.
- Both (A) and (R) are correct, and (R) is the correct explanation for (A)
- Both (A) and (R) are correct, but (R) is not the correct explanation for (A)
- (A) is correct, but (R) is not correct
- (A) is not correct, but (R) is correct
Explanation:
Which of the following does not come under the GST in India ?
- Agricultural products
- Handicrafts
- Gems and jewelries
- Petroleum products
Explanation:
Major part of the Indian agriculture is characterized by
- Large size farm
- Capitalist agriculture
- Small size farm
- Co-operative farm
Explanation:
Who was the head of the 10th Finance Commission?
- K.C. Pant
- Manmohan Singh
- Vasant Sathe
- Shiv Shankar
Explanation: