Home History Geography Polity General Science Indian Economy Grammar
Welcome, Guest

MCQ on Indian Economy

What is hard currency?

  • A stable currency
  • Arranged in war time
  • Issued by IMF
  • Given by RBI to foreign banks
  • Correct Option: A  [ A stable currency ]

    Explanation:

National Development Council was set up in:

  • 1950
  • 1951
  • 1952
  • 1954
  • Correct Option: C  [ 1952 ]

    Explanation:

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

  • First Five Year Plan
  • Second Five Year Plan
  • Third Five Year Plan
  • Fourth Five Year Plan
  • Correct Option: B  [ Second Five Year Plan ]

    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:

Which one of the following is the main source of revenue for the states ?

  • Property tax
  • Sales tax
  • Excise duty
  • None of these
  • Correct Option: B  [ Sales tax ]

    Explanation:

The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

  • growth of population
  • increase in price level
  • growth of money supply
  • increase in the wage rate
  • Correct Option: B  [ increase in price level ]

    Explanation:

Who is the Chairman of the Fifteenth Finance Commission of India ?

  • Anurag Thakur
  • V. K. Singh
  • R. Jain
  • N. K. Singh
  • Correct Option: D  [ N. K. Singh ]

    Explanation:

Existence of huge black money creates

  • increase in the inequality of income
  • decrease in the quality of output
  • high living standard for all
  • Both (B) and (C)
  • Correct Option: A  [ increase in the inequality of income ]

    Explanation:

Mixed economy means an economy where:

  • There is co-existence of public sector along with private sector
  • Both agriculture and Industry are equally promoted by the state
  • There is importance of small scale industries along with heavy industries
  • Economy is controlled by military as well as civilian rulers
  • Correct Option: A  [ There is co-existence of public sector along with private sector ]

    Explanation:

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

  • education for all
  • education for the weaker sections
  • universalisation of elementary education
  • bridge all the genders and social gaps in education
  • Correct Option: C  [ universalisation of elementary education ]

    Explanation: