MCQ on Indian Economy
Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?
- National Farmers Commission
- Commission for Agricultural Costs and Prices
- Central Statistical organization
- Department of Agriculture
Explanation:
A closed economy is an economy in which:
- the money supply is fully controlled
- deficit financing takes place
- only exports take place
- Neither exports nor imports take place.
Explanation:
Which of the following benefits is covered under social security schemes ?
- Retirement benefits
- Medical facility
- Compensation facilities
- All of the above
Explanation:
Which of the following is the role of Finance Commission ?
- Sharing of net proceeds of taxes between the Centre and States.
- Recommending principles for governing the grants-in-aid to the States by the Centre
- Recommendations on matters referred to it by the President for the interest of finance
- All of the above
Explanation:
The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:
- Agricultural sector
- Services sector
- Heavy Capital Goods Industrial sector
- Small scale Village Industrial sector
Explanation:
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
Explanation:
National Food Security Act came into effect in the year:
- 2012
- 2013
- 2014
- None of the above
Explanation:
Chairman of the 15th Finance Commission of India-
- NK Singh
- YV Reddy
- Ranghuram Rajan
- Ramesh Chand
Explanation:
In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:
- Fourth Plan
- Sixth Plan
- Eight Plan
- Tenth Plan
Explanation:
The basic regulatory authority for mutual funds and stock markets lies with the:
- Stock exchanges
- Government of India
- Reserve Bank of India
- Securities and Exchange Board of India.
Explanation: