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MCQ on Indian Economy

NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

  • 1st January, 2015
  • 26th January, 2015
  • 15th August, 2015
  • None of the above
  • Correct Option: A  [ 1st January, 2015 ]

    Explanation:

The architect of the Second Five Year Plan was :

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

    Explanation:

NABARD stands for:

  • National Activated Bank for Agriculture and Rural Development
  • National Bank for Agriculture and Rural Development
  • National Agricultural Backward and Rural Development
  • National Bank for Accelerated Rural Development
  • Correct Option: B  [ National Bank for Agriculture and Rural Development ]

    Explanation:

The LPG model of development was introduced by India since:

  • 1991
  • 1992
  • 1993
  • 1994
  • Correct Option: A  [ 1991 ]

    Explanation:

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

  • RBI
  • SIDBI
  • ICICI
  • NABARD
  • Correct Option: B  [ SIDBI ]

    Explanation:

NPA of a commercial bank means:

  • Net-Performing Asset
  • New-Performing Asset
  • Non-Personal Account
  • Non-Performing Asset
  • Correct Option: D  [ Non-Performing Asset ]

    Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:

  • Agricultural sector
  • Services sector
  • Heavy Capital Goods Industrial sector
  • Small scale Village Industrial sector
  • Correct Option: C  [ Heavy Capital Goods Industrial sector ]

    Explanation:

Which period in India is known as plan holiday ?

  • 1961-1966
  • 1965-1966
  • 1966-1969
  • 1969-1974
  • Correct Option: C  [ 1966-1969 ]

    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
  • Correct Option: A  [ run the machinery of State ]

    Explanation:

Who wrote the book Planned Economy for India?

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

    Explanation: