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Indian Economy MCQs with Answer
Q: Which institution in India controls the monetary policy of Indian currency?
A: Finance Commission
B: The Finance Ministry of India
C: The Reserve Bank of India
D: None of the above
Answer
The Reserve Bank of India
Q: Which of the following sector gives the largest income in India ?
A: Trade sector
B: Railway
C: Agriculture
D: Service sector
Answer
Service sector
Q: In India, Special Economic Zones were established to enhance:
A: Technology Development
B: Free Trade
C: Foreign Investment
D: Employment
Answer
Free Trade
Q: The Gandhian economy is based on the principle of:
A: Competition
B: Trusteeship
C: State Control
D: None of the above
Answer
Trusteeship
Q: Which of the following does not come under the GST in India ?
A: Agricultural products
B: Handicrafts
C: Gems and jewelries
D: Petroleum products
Answer
Petroleum products
Q: Which is the following is direct tax ?
A: Income tax
B: Excise duty
C: Sales tax
D: None of these
Answer
Income tax
Q: 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
A: (i), (ii) and (iii) only
B: (ii), (iii) and (iv) only
C: (i) and (iv) only
D: (i), (ii), (iii) and (iv)
Answer
(i), (ii), (iii) and (iv)
Q: Which industry employs the largest number of women in India ?
A: Tea
B: Textile
C: Jute
D: Coal
Answer
Textile
Q: Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?
A: RBI
B: SIDBI
C: ICICI
D: NABARD
Answer
SIDBI
Q: Which activity is
not
included in service sector ?
A: Trade, hotels and restaurants
B: Real estate, finance and insurance
C: Transport and communication
D: Electricity, gas and water supply
Answer
Electricity, gas and water supply
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