MCQ on Indian Economy for the preparation of UPSC Civil Services and TPSC, WBSC, APSC, TCS & TPS Examinations

The LPG model of development was introduced by India since:

1991
1992
1993
1994

Correct Option: A [ 1991 ]

Explanation:

Which of the following sector gives the largest income in India ?

Trade sector
Railway
Agriculture
Service sector

Correct Option: D [ Service sector ]

Explanation:

Which of the following Committees are related to Banking reforms:
i) Narsimham Committee
ii) P J Nayak Committee
iii) Sunil Mehta Committee
iv) Nachiket Mor Committee

(i), (ii) and (iii) only
(ii), (iii) and (iv) only
(i) and (iv) only
(i), (ii), (iii) and (iv)

Correct Option: D [ (i), (ii), (iii) and (iv) ]

Explanation:

"Swadesh Darshan" is:

a scheme for development of tourism infrastructure
related with transportation service for sightseeing in Tripura
a Char Dham Yatra
visit to a natural scenery

Correct Option: A [ a scheme for development of tourism infrastructure ]

Explanation:

National Food Security Act came into effect in the year:

2012
2013
2014
None of the above

Correct Option: B [ 2013 ]

Explanation:

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

C D Deshmukh
Sir Osborne Smith
James Braid Taylor
Benegal Rama Rau

Correct Option: B [ Sir Osborne Smith ]

Explanation: from 1935 to 1937

Which institution in India controls the monetary policy of Indian currency?

Finance Commission
The Finance Ministry of India
The Reserve Bank of India
None of the above

Correct Option: C [ The Reserve Bank of India ]

Explanation:

If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :

decrease it
increase it
No impact
None of these

Correct Option: B [ increase it ]

Explanation:

National Development Council was set up in:

1950
1951
1952
1954

Correct Option: C [ 1952 ]

Explanation:

Which industry employs the largest number of women in India ?

Tea
Textile
Jute
Coal

Correct Option: B [ Textile ]

Explanation: