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

Which of the following is not an asset held by the commercial bank ?

Bills of exchange
Current account deposits
Money lent at short notice
Credit balances with the Reserve Bank

Correct Option: B [ Current account deposits ]

Explanation:

'Economic Survey' is published by:

The Ministry of Finance
The Planning Commission
The Government of India
The Central Statistical Organization

Correct Option: A [ The Ministry of Finance ]

Explanation:

SRI, which is highly practiced in Tripura is associated with:

Rice production
Rural internal connectivity
E-marketing
Regards to elders

Correct Option: A [ Rice production ]

Explanation:

Which of the following does not come under the GST in India ?

Agricultural products
Handicrafts
Gems and jewelries
Petroleum products

Correct Option: D [ Petroleum products ]

Explanation:

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

Food processing
Telecom services
Manufacturing industry
Agriculture

Correct Option: D [ Agriculture ]

Explanation:

National Development Council was set up in:

1950
1951
1952
1954

Correct Option: C [ 1952 ]

Explanation:

Which is the following is direct tax ?

Income tax
Excise duty
Sales tax
None of these

Correct Option: A [ Income tax ]

Explanation:

Major part of the Indian agriculture is characterized by

Large size farm
Capitalist agriculture
Small size farm
Co-operative farm

Correct Option: C [ Small size farm ]

Explanation:

Which of the following has the highest per capita income ?

Delhi
Sikkim
Haryana
Goa

Correct Option: D [ Goa ]

Explanation:

NPA of a commercial bank means:

Net-Performing Asset
New-Performing Asset
Non-Personal Account
Non-Performing Asset

Correct Option: D [ Non-Performing Asset ]

Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.