GST abolishes which of the following taxes ?

• Corporation tax
• Service tax
• Income tax
• Wealth tax
Solution
Correct Option: B  [ Service tax ]

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
Solution
Correct Option: A  [ Both (A) and (R) are correct, and (R) is the correct explanation for (A) ]

Explanation:

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :

• 1st April, 2015
• 1st May, 2015
• 1st June, 2015
• 1st July, 2015
Solution
Correct Option: D  [ 1st July, 2015 ]

Explanation:

In which year the Planning commission was set-up?

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

Explanation:

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

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

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

Explanation:

In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:

• Fourth Plan
• Sixth Plan
• Eight Plan
• Tenth Plan
Solution
Correct Option: B  [ Sixth Plan ]

Explanation:

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

• Food processing
• Telecom services
• Manufacturing industry
• Agriculture
Solution
Correct Option: D  [ Agriculture ]

Explanation:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Solution
Correct Option: C  [ P. C. Mahalanobis ]

Explanation:

Which industry employs the largest number of women in India ?

• Tea
• Textile
• Jute
• Coal
Solution
Correct Option: B  [ Textile ]

Explanation: