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MCQ on Indian Economy

Find out the statement which is false.
Financial Structural reform needs

  • fall in government budget deficit
  • increase in profitability of economic sectors
  • reduce inflationary pressure
  • increase in the balance of payment deficit
  • Correct Option: D  [ increase in the balance of payment deficit ]

    Explanation:

Which of the following is the main problem in the growth of agriculture sector in Tripura ?

  • About 96 per cent of the land holdings are small and marginal
  • 60 per cent of the total geographical area is forest cover
  • Two-third of the geographical area is hilly
  • All of the above
  • Correct Option: D  [ All of the above ]

    Explanation:

The Gandhian economy is based on the principle of:

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

    Explanation:

Who wrote the book Planned Economy for India?

  • Jawaharlal Nehru
  • Indira Gandhi
  • M. Visvesvaraya
  • Mahatma Gandhi
  • Correct Option: C  [ M. Visvesvaraya ]

    Explanation:

Who was the head of the 10th Finance Commission?

  • K.C. Pant
  • Manmohan Singh
  • Vasant Sathe
  • Shiv Shankar
  • Correct Option: A  [ K.C. Pant ]

    Explanation:

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 ]

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

Who was the first Governor of Reserve Bank of India (RBI)?

  • C D Deshmukh
  • Sir Osborne Smith
  • James Braid Taylor
  • Benegal Rama Rau
  • Correct Option: B  [ Sir Osborne Smith ]

    Explanation: from 1935 to 1937

In India, Special Economic Zones were established to enhance:

  • Technology Development
  • Free Trade
  • Foreign Investment
  • Employment
  • Correct Option: B  [ Free Trade ]

    Explanation:

Which of the following benefits is covered under social security schemes ?

  • Retirement benefits
  • Medical facility
  • Compensation facilities
  • All of the above
  • Correct Option: D  [ All of the above ]

    Explanation:

Three annual plans were launched between:

  • 1969 to 1972
  • 1986 to 1989
  • 1990 to 1993
  • 1966 to 1969
  • Correct Option: D  [ 1966 to 1969 ]

    Explanation: