MCQ on Indian Economy
The Gandhian economy is based on the principle of:
- Competition
- Trusteeship
- State Control
- None of the above
Explanation:
Assertion (A) :
The development programmes undertaken in India are oriented towards economic growth along with social justice.
Reason (R) :
Indian economy is afflicted with poverty, unemployment and inequalities.
Select the correct answer from the following options.
- Both (A) and (R) are correct, and (R) is the correct explanation for (A)
- Both (A) and (R) are correct, but (R) is not the correct explanation for (A)
- (A) is correct, but (R) is not correct
- (A) is not correct, but (R) is correct
Explanation:
Fiscal policy is connected with:
- exports and imports
- issue of currency
- public revenue and public expenditure
- liquidity of money
Explanation:
In India, which sector generally suffers from the problem of surplus labour ?
- Agriculture
- Industry
- Service
- All of these
Explanation:
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Explanation:
The World Trade Organisation has replaced which organisation ?
- ITO
- UNCTAD
- GATT
- OECD
Explanation:
The Plan launched in the 50th year of Indian Independence was :
- Sixth five year plan
- Eighth five year plan
- Ninth five year plan
- Tenth five year plan
Explanation:
Scheme run under MGNREGA are sponsored :
- by the Central Government alone
- by the State Government alone
- partly by the Central Government and partly by the State Government
- by Centre, State and Panchayat bodies together
Explanation:
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
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: