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Indian Economy MCQs with Answer
Q: Who was the father of Operation Flood in India ?
A: Dr. Varghese Kurien
B: M. S. Swaminathan
C: A P J Abdul Kalam
D: Morarji Desai
Answer
Dr. Varghese Kurien
Q: Who was the first Governor of Reserve Bank of India (RBI)?
A: C D Deshmukh
B: Sir Osborne Smith
C: James Braid Taylor
D: Benegal Rama Rau
Answer
Sir Osborne Smith
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 is a primary sector of economic activities in India ?
A: Food processing
B: Telecom services
C: Manufacturing industry
D: Agriculture
Answer
Agriculture
Q: In India, which sector generally suffers from the problem of surplus labour ?
A: Agriculture
B: Industry
C: Service
D: All of these
Answer
Agriculture
Q: In India the Repo rate is announced by:
A: the Ministry of Finance, Government of India
B: the Prime Minister of India
C: the Reserve Bank of India
D: the President of India
Answer
the Reserve Bank of India
Q: 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:
A: Fourth Plan
B: Sixth Plan
C: Eight Plan
D: Tenth Plan
Answer
Sixth Plan
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: The Plan launched in the 50th year of Indian Independence was :
A: Sixth five year plan
B: Eighth five year plan
C: Ninth five year plan
D: Tenth five year plan
Answer
Ninth five year plan
Q: The highest body which approves the Five Year Plan in India is :
A: Parliament
B: Planning Commission
C: National Development Council
D: Finance Commission
Answer
National Development Council
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