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 ]

Remark:

In India, which sector generally suffers from the problem of surplus labour ?

• Agriculture
• Industry
• Service
• All of these
Correct Option: A  [ Agriculture ]

Remark:

Who wrote the book Planned Economy for India?

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

Remark:

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 ]

Remark:

In order to control inflationary price rise, Reserve Bank directs Banks to

• Reduce rate of interest on credit
• Reduce Statutory Liquidity Ratio (SLR)
• Increase Cash Reserve Ratio (CRR)
• Buy bonds from capital market
Correct Option: C  [ Increase Cash Reserve Ratio (CRR) ]

Remark:

The basic regulatory authority for mutual funds and stock markets lies with the:

• Stock exchanges
• Government of India
• Reserve Bank of India
• Securities and Exchange Board of India.
Correct Option: D  [ Securities and Exchange Board of India. ]

Remark:

First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Correct Option: D  [ 1951 ]

Remark: 1951-56

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

• Delhi
• Mumbai
• Pune
• Srinagar
Correct Option: B  [ Mumbai ]

Remark:

The earlier name of WTO was:

• UNCTAD
• GATT
• UNIDO
• OECD
Correct Option: B  [ GATT ]

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

Three annual plans were launched between:

• 1969 to 1972
• 1986 to 1989
• 1990 to 1993
• 1966 to 1969
Correct Option: D  [ 1966 to 1969 ]

Remark: