In which year the Planning commission was set-up?

• 1949
• 1950
• 1951
• 1952
Correct Option: B  [ 1950 ]

Remark:

The period of high inflation and low economic growth is termed as:

• Stagnation
• Take-off stage in economy
• Stagflation
• Depression
Correct Option: C  [ Stagflation ]

Remark:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Correct Option: D  [ Service sector ]

Remark:

Which of the following is the role of Finance Commission ?

• Sharing of net proceeds of taxes between the Centre and States.
• Recommending principles for governing the grants-in-aid to the States by the Centre
• Recommendations on matters referred to it by the President for the interest of finance
• All of the above
Correct Option: D  [ All of the above ]

Remark:

If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :

• decrease it
• increase it
• No impact
• None of these
Correct Option: B  [ increase it ]

Remark:

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Correct Option: B  [ Trusteeship ]

Remark:

A closed economy is an economy in which:

• the money supply is fully controlled
• deficit financing takes place
• only exports take place
• Neither exports nor imports take place.
Correct Option: D  [ Neither exports nor imports take place. ]

Remark:

Thename of Prasanta Chandra Mahalanobis is associated with:

• First Five-Year Plan
• Second Five-Year Plan
• Third Five-Year Plan
• Fourth Five-Year Plan
Correct Option: B  [ Second Five-Year Plan ]

Remark: Prof. Prasanta Chandra Mahalanobis is also known as the father of Indian Statistics, architect of the Second Five-Year Plan (1956–61).

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

• RBI
• SIDBI
• ICICI
• NABARD
Correct Option: B  [ SIDBI ]

Remark:

Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

• 15th August, 2014
• 28th August, 2015
• 26th January, 2016
• None of the above
Correct Option: A  [ 15th August, 2014 ]

Remark: