MCQ on Indian Economy
What is hard currency?
- A stable currency
- Arranged in war time
- Issued by IMF
- Given by RBI to foreign banks
Explanation:
The LPG model of development was introduced by India since:
- 1991
- 1992
- 1993
- 1994
Explanation:
The full form of GST is:
- General Sales Tax
- Goods and Services Tax
- Government Special Tax
- General Service Tax
Explanation:
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:
What is the 'Repo rate' ?
- It is the rate at which International Aid Agencies lend to RBI
- It is the rate at which the banks lend to RBI
- It is the rate at which RBI borrows from the market
- It is the rate at which RBI lends to banks
Explanation:
SRI, which is highly practiced in Tripura is associated with:
- Rice production
- Rural internal connectivity
- E-marketing
- Regards to elders
Explanation:
Which of the following does not come under the GST in India ?
- Agricultural products
- Handicrafts
- Gems and jewelries
- Petroleum products
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:
Which of the following Committees are related to Banking reforms: i) Narsimham Committee ii) P J Nayak Committee iii) Sunil Mehta Committee iv) Nachiket Mor Committee
- (i), (ii) and (iii) only
- (ii), (iii) and (iv) only
- (i) and (iv) only
- (i), (ii), (iii) and (iv)
Explanation:
Which of the following benefits is covered under social security schemes ?
- Retirement benefits
- Medical facility
- Compensation facilities
- All of the above
Explanation: