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MCQ on Indian Economy
GST abolishes which of the following taxes ?
- Corporation tax
- Service tax
- Income tax
- Wealth tax
Correct Option: B [ Service tax ]
Explanation:
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.
Explanation: Operation Flood related to Milk Production.
Which prograrnme gave the slogan, Garibi Hatao ?
- 4th Five Year Plan
- 5th Five year plan
- 6th Five Year Plan
- 7th Five year plan
Correct Option: B [ 5th Five year plan ]
Explanation:
Explanation:
Who wrote the book Planned Economy for India?
- Jawaharlal Nehru
- Indira Gandhi
- M. Visvesvaraya
- Mahatma Gandhi
Correct Option: C [ M. Visvesvaraya ]
Explanation:
Explanation:
Plan finance creates increase of money supply if there is
- increase in taxes
- increase in loan from the Reserve Bank of India
- increase in loan from commercial Banks
- increase in loan from general public
Correct Option: A [ increase in taxes ]
Explanation:
Explanation:
The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
- 2006
- 2009
- 2010
- 2012
Correct Option: A [ 2006 ]
Explanation:
Explanation:
The architect of the Second Five Year Plan was :
- Mahatma Gandhi
- Subhash Chandra Bose
- P. C. Mahalanobis
- None of them
Correct Option: C [ P. C. Mahalanobis ]
Explanation:
Explanation:
Parallel economy refers to:
- Traditional economy
- Black money
- Agriculture based economy
- Socialist economy
Correct Option: B [ Black money
]
Explanation:
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:
Explanation:
If the RBI adopts expansionist open market operations policy, this means that it will:
- openly announce to the market that it intends to expand credit
- sell securities in open market
- offer commercial banks more credit in the open market
- buy securities from non-government holders
Correct Option: B [ sell securities in open market ]
Explanation:
Explanation: