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MCQ on Indian Economy
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
Correct Option: B [ Commission for Agricultural Costs and Prices ]
Explanation:
Explanation:
"SEBI" stands for the:
- State Earnings Board of India
- Securities and Exchange Bank of India
- Securities and Exchange Board of India
- State Exchange Bank of India
Correct Option: C [ Securities and Exchange Board of India ]
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Who was the father of Operation Flood in India ?
- Dr. Varghese Kurien
- M. S. Swaminathan
- A P J Abdul Kalam
- Morarji Desai
Correct Option: A [ Dr. Varghese Kurien ]
Explanation: Operation Flood related to Milk Production.
Explanation: Operation Flood related to Milk Production.
Chairman of the 15th Finance Commission of India-
- NK Singh
- YV Reddy
- Ranghuram Rajan
- Ramesh Chand
Correct Option: A [ NK Singh ]
Explanation:
Explanation:
Match the following :
| List-I | List-II | ||
|---|---|---|---|
| a. | Monetary Policy Committee | 1. | Union Home Minister |
| b. | GST Council | 2. | Union Finance Minister |
| c. | NITI Aayog | 3. | RBI Governor |
| d. | Cabinet Committee on Parliamentary Affairs | 4. | Prime Minister of India |
- a-2, b-3, c-4, d-1
- a-3, b-2, c-4, d-1
- a-3, b-2, c-1, d-4
- a-2, b-3, c-1, d-4
Correct Option: B [ a-3, b-2, c-4, d-1 ]
Explanation:
Explanation:
New Industrial Policy of India was introduced in the year:
- 1990
- 1991
- 1992
- 1993
Correct Option: B [ 1991 ]
Explanation:
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:
Explanation:
In India, present trend of rapid urbanization is due to:
- lack of employment opportunities in rural areas
- influence of cinema and electronic media
- break up of joint family system
- abolition of zamindari tystem
Correct Option: A [ lack of employment opportunities in rural
areas ]
Explanation:
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).
Explanation: Prof. Prasanta Chandra Mahalanobis is also known as the father of Indian Statistics, architect of the Second Five-Year Plan (1956–61).
The qualification for the Chairman and the members of the Finance Commission are specified in:
- Finance Act of 1951
- Finance Act of 1952
- Finance Act of 1950
- Finance Act of 1953
Correct Option: A [ Finance Act of 1951 ]
Explanation:
Explanation: