MCQ on Indian Economy
Match the following :
| List-I | List-II | ||
|---|---|---|---|
| a. | Monetary Policy Committee | 1. | Union Home Minister |
| b. | GST Council | 2. | Union Finance Minister |
| c. | NITI Aayog | 3. | RBI Governor |
| d. | Cabinet Committee on Parliamentary Affairs | 4. | Prime Minister of India |
- a-2, b-3, c-4, d-1
- a-3, b-2, c-4, d-1
- a-3, b-2, c-1, d-4
- a-2, b-3, c-1, d-4
Explanation:
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
Explanation:
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :
- 1st April, 2015
- 1st May, 2015
- 1st June, 2015
- 1st July, 2015
Explanation:
What is hard currency?
- A stable currency
- Arranged in war time
- Issued by IMF
- Given by RBI to foreign banks
Explanation:
The LPG model of development was introduced by India since:
- 1991
- 1992
- 1993
- 1994
Explanation:
Which of the following pairs is/are incorrectly matched?
| i. Finance Commission | : Constitutional of India |
| ii. Securities and Exchange Board of India | : Statutory Body |
| iii. NITI Aayog | : Constitutional Body |
| iv. Reserve Bank of India | : Statutory Body |
- (i) and (iii) only
- (ii) and (iv) only
- (iii) only
- (iv) only
Explanation:
Which is the following is direct tax ?
- Income tax
- Excise duty
- Sales tax
- None of these
Explanation:
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
Explanation:
Which activity is not included in service sector ?
- Trade, hotels and restaurants
- Real estate, finance and insurance
- Transport and communication
- Electricity, gas and water supply
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
Explanation: