MCQ on Indian Economy
In India the Repo rate is announced by:
- the Ministry of Finance, Government of India
- the Prime Minister of India
- the Reserve Bank of India
- the President of India
Explanation:
Which industry employs the largest number of women in India ?
- Tea
- Textile
- Jute
- Coal
Explanation:
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
Explanation:
Which of the following is not the part of non-statutory welfare measure ?
- Health
- Education
- Transport
- Employees compensation
Explanation:
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Explanation:
Which of the following pairs is/are incorrectly matched?
| i. Finance Commission | : Constitutional of India |
| ii. Securities and Exchange Board of India | : Statutory Body |
| iii. NITI Aayog | : Constitutional Body |
| iv. Reserve Bank of India | : Statutory Body |
- (i) and (iii) only
- (ii) and (iv) only
- (iii) only
- (iv) only
Explanation:
National Development Council was set up in:
- 1950
- 1951
- 1952
- 1954
Explanation:
Which of the statements given below is/are correct?
(i) GNP is always higher than GDP.
(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.
Select the correct answer using the codes given below.
- Only (i)
- Only (ii)
- Both (i) and (ii)
- Neither (i) nor (ii)
Explanation:
Government imposes taxes to:
- run the machinery of State
- uplift of weaker sections
- check the accumulation of wealth among the rich
- None of the above
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: