MCQ on Indian Economy
In which year the Planning commission was set-up?
- 1949
- 1950
- 1951
- 1952
Explanation:
Which of the statements given below is/are correct?
(i) GNP is always higher than GDP.
(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.
Select the correct answer using the codes given below.
- Only (i)
- Only (ii)
- Both (i) and (ii)
- Neither (i) nor (ii)
Explanation:
The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of
- growth of population
- increase in price level
- growth of money supply
- increase in the wage rate
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
Explanation:
In India, which sector generally suffers from the problem of surplus labour ?
- Agriculture
- Industry
- Service
- All of these
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
Explanation:
Which one of the following is an indirect tax levied by the Central Government in India ?
- Service tax
- Corporate Income tax
- Profession tax
- Agricultural Income tax
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
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
Explanation:
Which of the following has the highest per capita income ?
- Delhi
- Sikkim
- Haryana
- Goa
Explanation: