If the RBI adopts expansionist open market operations policy, this means that it will:

• openly announce to the market that it intends to expand credit
• sell securities in open market
• offer commercial banks more credit in the open market
• buy securities from non-government holders
Correct Option: B  [ sell securities in open market ]

Remark:

The full form of GST is:

• General Sales Tax
• Goods and Services Tax
• Government Special Tax
• General Service Tax
Correct Option: B  [ Goods and Services Tax ]

Remark:

First Five Year Plan started in India in the year?

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

Remark: 1951-56

National Development Council was set up in:

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

Remark:

The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:

• Agricultural sector
• Services sector
• Heavy Capital Goods Industrial sector
• Small scale Village Industrial sector
Correct Option: C  [ Heavy Capital Goods Industrial sector ]

Remark:

In India, National Income is computed by :

• Ministry of Fianance
• Central Statistical Organisation
• National Development Council
• Finance Commission
Correct Option: B  [ Central Statistical Organisation ]

Remark:

In Income Tax, Assessee is :

• a person who pays income tax
• a person who deducts income tax from its employees
• a person who prepares income tax Return of tax payers
• None of these
Correct Option: A  [ a person who pays income tax ]

Remark:

Tertiary sector activities include

• Cottage industries
• Mining activities
• Construction activities
• Infrastructure services
Correct Option: D  [ Infrastructure services ]

Remark:

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
Correct Option: C  [ Reserve Bank of India ]

Remark:

Which of the following benefits is covered under social security schemes ?

• Retirement benefits
• Medical facility
• Compensation facilities
• All of the above
Correct Option: D  [ All of the above ]

Remark: