MCQ on Indian Economy for the preparation of UPSC Civil Services and TPSC, WBSC, APSC, TCS & TPS Examinations

Gilt-edged market means:

Market of government securities
Bullion market
Market of commodities
Market of pure metals

Correct Option: A [ Market of government securities ]

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

Correct Option: C [ Strengthening of capital market ]

Explanation:

The World Trade Organisation has replaced which organisation ?

ITO
UNCTAD
GATT
OECD

Correct Option: C [ GATT ]

Explanation:

Three annual plans were launched between:

1969 to 1972
1986 to 1989
1990 to 1993
1966 to 1969

Correct Option: D [ 1966 to 1969 ]

Explanation:

Planning Commission of India was set up by :

Morarji Desai
T T Krishnamachari
Jawaharlal Nehru
None of the above

Correct Option: C [ Jawaharlal Nehru ]

Explanation:

Who wrote the book Planned Economy for India?

Jawaharlal Nehru
Indira Gandhi
M. Visvesvaraya
Mahatma Gandhi

Correct Option: C [ M. Visvesvaraya ]

Explanation:

The LPG model of development was introduced by India since:

1991
1992
1993
1994

Correct Option: A [ 1991 ]

Explanation:

National Development Council was set up in:

1950
1951
1952
1954

Correct Option: C [ 1952 ]

Explanation:

Where is the headquarter of State Bank of India (SBI) situated ?

Delhi
Mumbai
Pune
Srinagar

Correct Option: B [ Mumbai ]

Explanation:

Poverty is defined as:

A monetary condition brought about by people's own laziness
A monetary condition where people do not have enough to satisfy basic needs
A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
All of the above

Correct Option: C [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Explanation: