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MCQ on Indian Economy
GST abolishes which of the following taxes ?
- Corporation tax
- Service tax
- Income tax
- Wealth tax
Correct Option: B [ Service tax ]
Explanation:
Explanation:
The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
- 2006
- 2009
- 2010
- 2012
Correct Option: A [ 2006 ]
Explanation:
Explanation:
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
Correct Option: B [ 1950 ]
Explanation:
Explanation:
"Swadesh Darshan" is:
- a scheme for development of tourism infrastructure
- related with transportation service for sightseeing in Tripura
- a Char Dham Yatra
- visit to a natural scenery
Correct Option: A [ a scheme for development of tourism
infrastructure ]
Explanation:
Explanation:
First Five Year Plan started in India in the year?
- 1952
- 1956
- 1950
- 1951
Correct Option: D [ 1951 ]
Explanation: 1951-56
Explanation: 1951-56
"SEBI" stands for the:
- State Earnings Board of India
- Securities and Exchange Bank of India
- Securities and Exchange Board of India
- State Exchange Bank of India
Correct Option: C [ Securities and Exchange Board of India ]
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992
Which of the following is a primary sector of economic activities in India ?
- Food processing
- Telecom services
- Manufacturing industry
- Agriculture
Correct Option: D [ Agriculture ]
Explanation:
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
Correct Option: D [ It is the rate at which RBI lends to banks ]
Explanation:
Explanation:
If withdrawal of a worker from employment does not create any output loss, this situation is known as
- Search unemployment
- Voluntary unemployment
- Disguised unemployment
- Frictional unemployment
Correct Option: C [ Disguised unemployment ]
Explanation:
Explanation:
Who was the head of the 10th Finance Commission?
- K.C. Pant
- Manmohan Singh
- Vasant Sathe
- Shiv Shankar
Correct Option: A [ K.C. Pant ]
Explanation:
Explanation: