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MCQ on Indian Economy

In which year the Planning commission was set-up?

  • 1949
  • 1950
  • 1951
  • 1952
    • Correct Option: B  [ 1950 ]

    Explanation:

Who was the father of Operation Flood in India ?

  • Dr. Varghese Kurien
  • M. S. Swaminathan
  • A P J Abdul Kalam
  • Morarji Desai
    • Correct Option: A  [ Dr. Varghese Kurien ]

    Explanation: Operation Flood related to Milk Production.

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

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

    Explanation:

NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

  • 1st January, 2015
  • 26th January, 2015
  • 15th August, 2015
  • None of the above
    • Correct Option: A  [ 1st January, 2015 ]

    Explanation:

Mixed economy means an economy where:

  • There is co-existence of public sector along with private sector
  • Both agriculture and Industry are equally promoted by the state
  • There is importance of small scale industries along with heavy industries
  • Economy is controlled by military as well as civilian rulers
    • Correct Option: A  [ There is co-existence of public sector along with private sector ]

    Explanation:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

  • Rs. 1 lac
  • Rs. 1.5 lacs
  • Rs. 2 lacs
  • Rs. 2.5 lacs
    • Correct Option: A  [ Rs. 1 lac ]

    Explanation:

Major part of the Indian agriculture is characterized by

  • Large size farm
  • Capitalist agriculture
  • Small size farm
  • Co-operative farm
    • Correct Option: C  [ Small size farm ]

    Explanation:

Government imposes taxes to:

  • run the machinery of State
  • uplift of weaker sections
  • check the accumulation of wealth among the rich
  • None of the above
    • Correct Option: A  [ run the machinery of State ]

    Explanation:

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 ]

    Explanation:

Economic growth is usually coupled with ___________.

  • deflation
  • inflation
  • Stagflation
  • hyper inflation
    • Correct Option: B  [ inflation ]

    Explanation:
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