MCQ on Indian Economy
Which period in India is known as plan holiday ?
- 1961-1966
- 1965-1966
- 1966-1969
- 1969-1974
Explanation:
NABARD stands for:
- National Activated Bank for Agriculture and Rural Development
- National Bank for Agriculture and Rural Development
- National Agricultural Backward and Rural Development
- National Bank for Accelerated Rural Development
Explanation:
Plan finance creates increase of money supply if there is
- increase in taxes
- increase in loan from the Reserve Bank of India
- increase in loan from commercial Banks
- increase in loan from general public
Explanation:
The architect of the Second Five Year Plan was :
- Mahatma Gandhi
- Subhash Chandra Bose
- P. C. Mahalanobis
- None of them
Explanation:
The qualification for the Chairman and the members of the Finance Commission are specified in:
- Finance Act of 1951
- Finance Act of 1952
- Finance Act of 1950
- Finance Act of 1953
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 sector gives the largest income in India ?
- Trade sector
- Railway
- Agriculture
- Service sector
Explanation:
GST abolishes which of the following taxes ?
- Corporation tax
- Service tax
- Income tax
- Wealth tax
Explanation:
Chairman of the 15th Finance Commission of India-
- NK Singh
- YV Reddy
- Ranghuram Rajan
- Ramesh Chand
Explanation:
Who is the Chairman of the Fifteenth Finance Commission of India ?
- Anurag Thakur
- V. K. Singh
- R. Jain
- N. K. Singh
Explanation: