National Development Council was set up in:

• 1950
• 1951
• 1952
• 1954
Solution
Correct Option: C  [ 1952 ]

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
Solution
Correct Option: C  [ Disguised unemployment ]

Explanation:

NPA of a commercial bank means:

• Net-Performing Asset
• New-Performing Asset
• Non-Personal Account
• Non-Performing Asset
Solution
Correct Option: D  [ Non-Performing Asset ]

Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

In India, National Income is computed by :

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

Explanation:

Existence of huge black money creates

• increase in the inequality of income
• decrease in the quality of output
• high living standard for all
• Both (B) and (C)
Solution
Correct Option: A  [ increase in the inequality of income ]

Explanation:

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Solution
Correct Option: B  [ Trusteeship ]

Explanation:

In India the Repo rate is announced by:

• the Ministry of Finance, Government of India
• the Prime Minister of India
• the Reserve Bank of India
• the President of India
Solution
Correct Option: C  [ the Reserve Bank of India ]

Explanation:

Who was the father of Operation Flood in India ?

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

Explanation: Operation Flood related to Milk Production.

Who was the first Governor of Reserve Bank of India (RBI)?

• C D Deshmukh
• Sir Osborne Smith
• James Braid Taylor
• Benegal Rama Rau
Solution
Correct Option: B  [ Sir Osborne Smith ]

Explanation: from 1935 to 1937

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
Solution
Correct Option: A  [ 1st January, 2015 ]

Explanation: