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MCQ on Indian Economy
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:
Which of the following is not an asset held by the commercial bank ?
- Bills of exchange
- Current account deposits
- Money lent at short notice
- Credit balances with the Reserve Bank
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:
Who was the first Governor of Reserve Bank of India (RBI)?
- C D Deshmukh
- Sir Osborne Smith
- James Braid Taylor
- Benegal Rama Rau
Explanation: from 1935 to 1937
'Economic Survey' is published by:
- The Ministry of Finance
- The Planning Commission
- The Government of India
- The Central Statistical Organization
Explanation:
The Reserve Bank of India was established in the year :
- 1930
- 1935
- 1940
- 1945
Explanation: RBI Nationalized on 1st Jan, 1949.
Which of the following sources provides highest tax revenue to Government of India?
- Personal Income Tax
- Excise Duty
- Corporation Tax
- Customs Duty
Explanation:
Major part of the Indian agriculture is characterized by
- Large size farm
- Capitalist agriculture
- Small size farm
- Co-operative farm
Explanation:
Which industry employs the largest number of women in India ?
- Tea
- Textile
- Jute
- Coal
Explanation:
Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?
- National Farmers Commission
- Commission for Agricultural Costs and Prices
- Central Statistical organization
- Department of Agriculture
Explanation: