MCQ on Indian Economy
The earlier name of WTO was:
- UNCTAD
- GATT
- UNIDO
- OECD
Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.
Which of the following products of Tripura ranks Second in all India level in terms of production ?
- Paddy
- Bamboo
- Natural gas
- Natural rubber
Explanation:
Which one of the following is the main source of revenue for the states ?
- Property tax
- Sales tax
- Excise duty
- None of these
Explanation:
When two or more persons working jointly on the basis of a common plan of action, then it is called:
- Co-operation
- Collaboration
- Co-ordination
- Consulting
Explanation:
Which of the following is true in respect of Centre-State financial relations ?
- Amount given by Centre is the only source of income to States
- States can by-pass Centre while taking foreign loans
- States can not levy income tax
- States can claim 100 % share in excise duty on goods produced in the State
Explanation:
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Explanation:
Fiscal policy is connected with:
- exports and imports
- issue of currency
- public revenue and public expenditure
- liquidity of money
Explanation:
About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?
- It focuses on both the rural and urban areas
- It aims at skill development.
- It is a State Government's scheme
- It has replaced Ajeevika
Explanation:
Where is the headquarter of State Bank of India (SBI) situated ?
- Delhi
- Mumbai
- Pune
- Srinagar
Explanation:
The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of
- growth of population
- increase in price level
- growth of money supply
- increase in the wage rate
Explanation: