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MCQ on Indian Economy

In India, National Income is computed by :

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

    Explanation:

Which of the following has the highest per capita income ?

  • Delhi
  • Sikkim
  • Haryana
  • Goa
  • Correct Option: D  [ Goa ]

    Explanation:

What is hard currency?

  • A stable currency
  • Arranged in war time
  • Issued by IMF
  • Given by RBI to foreign banks
  • Correct Option: A  [ A stable currency ]

    Explanation:

ICDS was first introduced in India in the year

  • 1975
  • 1977
  • 1979
  • None of these
  • Correct Option: A  [ 1975 ]

    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
  • Correct Option: D  [ Electricity, gas and water supply ]

    Explanation:

Whose signature is found on the 1000 rupee note of India?

  • Finance Secretary of India
  • Finance Minister Of India
  • Governor, Reserve Bank of India
  • President Of India
  • Correct Option: C  [ Governor, Reserve Bank of India ]

    Explanation:

The SEBI was given statutory recognition in 1992 on the recommendation of:

  • the Chakraborty Commission
  • the Chelliah Committee
  • the Tendulkar Committee
  • the Narasimham Committee
  • Correct Option: D  [ the Narasimham Committee ]

    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:

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:

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
  • Correct Option: C  [ Ninth five year plan ]

    Explanation: