MCQ on Indian Economy
New Industrial Policy of India was introduced in the year:
- 1990
- 1991
- 1992
- 1993
Explanation:
Which one of the following is an indirect tax levied by the Central Government in India ?
- Service tax
- Corporate Income tax
- Profession tax
- Agricultural Income tax
Explanation:
What is the 'Repo rate' ?
- It is the rate at which International Aid Agencies lend to RBI
- It is the rate at which the banks lend to RBI
- It is the rate at which RBI borrows from the market
- It is the rate at which RBI lends to banks
Explanation:
The basic regulatory authority for mutual funds and stock markets lies with the:
- Stock exchanges
- Government of India
- Reserve Bank of India
- Securities and Exchange Board of India.
Explanation:
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
Explanation:
Who is the Chairman of the Fifteenth Finance Commission of India ?
- Anurag Thakur
- V. K. Singh
- R. Jain
- N. K. Singh
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:
Which activity is not included in service sector ?
- Trade, hotels and restaurants
- Real estate, finance and insurance
- Transport and communication
- Electricity, gas and water supply
Explanation:
Which of the following is a primary sector of economic activities in India ?
- Food processing
- Telecom services
- Manufacturing industry
- Agriculture
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: