MCQ on Indian Economy for the preparation of UPSC Civil Services and TPSC, WBSC, APSC, TCS & TPS Examinations

Where is the headquarter of State Bank of India (SBI) situated ?

Delhi
Mumbai
Pune
Srinagar

Correct Option: B [ Mumbai ]

Explanation:

Which of the following does not come under the GST in India ?

Agricultural products
Handicrafts
Gems and jewelries
Petroleum products

Correct Option: D [ Petroleum products ]

Explanation:

The full form of GST is:

General Sales Tax
Goods and Services Tax
Government Special Tax
General Service Tax

Correct Option: B [ Goods and Services Tax ]

Explanation:

Fiscal policy is connected with:

exports and imports
issue of currency
public revenue and public expenditure
liquidity of money

Correct Option: C [ public revenue and public expenditure ]

Explanation:

The earlier name of WTO was:

UNCTAD
GATT
UNIDO
OECD

Correct Option: B [ GATT ]

Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.

Green revolution occurred during:

1945-1955
1965-1975
1985-1995
none of these

Correct Option: B [ 1965-1975 ]

Explanation:

The SEBI was given statutory recognition in 1992 on the recommendation of:

the Chakraborty Commission
the Chelliah Committee
the Tendulkar Committee
the Narasimham Committee

Correct Option: D [ the Narasimham Committee ]

Explanation:

Which prograrnme gave the slogan, Garibi Hatao ?

4th Five Year Plan
5th Five year plan
6th Five Year Plan
7th Five year plan

Correct Option: B [ 5th Five year plan ]

Explanation:

Where is the headquarter of Reserve Bank of India (RBI) situated ?

Chennai
New Delhi
Kolkata
Mumbai

Correct Option: D [ Mumbai ]

Explanation: Established in Calcutta but shifted to Mumbai in 1937.

The highest body which approves the Five Year Plan in India is :

Parliament
Planning Commission
National Development Council
Finance Commission

Correct Option: C [ National Development Council ]

Explanation: