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Indian Economy MCQs with Answer
Q: Economic growth is usually coupled with ___________.
A: deflation
B: inflation
C: Stagflation
D: hyper inflation
Answer
inflation
Q: In India, present trend of rapid urbanization is due to:
A: lack of employment opportunities in rural areas
B: influence of cinema and electronic media
C: break up of joint family system
D: abolition of zamindari tystem
Answer
lack of employment opportunities in rural areas
Q: The SEBI was given statutory recognition in 1992 on the recommendation of:
A: the Chakraborty Commission
B: the Chelliah Committee
C: the Tendulkar Committee
D: the Narasimham Committee
Answer
the Narasimham Committee
Q: The architect of the Second Five Year Plan was :
A: Mahatma Gandhi
B: Subhash Chandra Bose
C: P. C. Mahalanobis
D: None of them
Answer
P. C. Mahalanobis
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: The Iron and Steel plants of Rourkela and Durgapur were conceived under the:
A: First Five Year Plan
B: Second Five Year Plan
C: Third Five Year Plan
D: Fourth Five Year Plan
Answer
Second Five Year Plan
Q: Gilt-edged market means:
A: Market of government securities
B: Bullion market
C: Market of commodities
D: Market of pure metals
Answer
Market of government securities
Q: Where is the headquarter of State Bank of India (SBI) situated ?
A: Delhi
B: Mumbai
C: Pune
D: Srinagar
Answer
Mumbai
Q: Which of the following sources provides highest tax revenue to Government of India?
A: Personal Income Tax
B: Excise Duty
C: Corporation Tax
D: Customs Duty
Answer
Corporation Tax
Q: Which of the following is not an asset held by the commercial bank ?
A: Bills of exchange
B: Current account deposits
C: Money lent at short notice
D: Credit balances with the Reserve Bank
Answer
Current account deposits
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