Three annual plans were launched between:

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

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)
Solution
Correct Option: A  [ increase in the inequality of income ]

Explanation:

Which one of the following is an indirect tax levied by the Central Government in India ?

• Service tax
• Corporate Income tax
• Profession tax
• Agricultural Income tax
Solution
Correct Option: A  [ Service tax ]

Explanation:

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

• Parliament
• Planning Commission
• National Development Council
• Finance Commission
Solution
Correct Option: C  [ National Development Council ]

Explanation:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Solution
Correct Option: A  [ The Ministry of Finance ]

Explanation:

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

• Chennai
• New Delhi
• Kolkata
• Mumbai
Solution
Correct Option: D  [ Mumbai ]

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

Who prints and supplies the currency notes in India:

• State Bank of India
• United Bank of India
• Reserve Bank of India
• United Commercial Bank of India
Solution
Correct Option: C  [ Reserve Bank of India ]

Explanation:

The equilibrium condition for money market is:

• demand for money should be equal to supply of money
• cash in hand should be equal to deposits in bank
• saving is equal to investment
• bank rate is equal to repo rate
Solution
Correct Option: A  [ demand for money should be equal to supply of money ]

Explanation:

Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:

• Reduction of Poverty
• Extension of employment opportunities
• Strengthening of capital market
• Reduction in gender inequality
Solution
Correct Option: C  [ Strengthening of capital market ]

Explanation:

Plan finance creates increase of money supply if there is

• increase in taxes
• increase in loan from the Reserve Bank of India
• increase in loan from commercial Banks
• increase in loan from general public
Solution
Correct Option: A  [ increase in taxes ]

Explanation: