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Indian Economy MCQs with Answer
Q: Which one of the following is an indirect tax levied by the Central Government in India ?
A: Service tax
B: Corporate Income tax
C: Profession tax
D: Agricultural Income tax
Answer
Service tax
Q: Which of the following has the highest per capita income ?
A: Delhi
B: Sikkim
C: Haryana
D: Goa
Answer
Goa
Q: When was National Bank of Agriculture and Rural Development (NABARD) established ?
A: 6th Dec, 1947
B: 6th Dec, 1982
C: 5th Nov, 1982
D: 7th Oct, 1982
Answer
5th Nov, 1982
Q: Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?
A: National Farmers Commission
B: Commission for Agricultural Costs and Prices
C: Central Statistical organization
D: Department of Agriculture
Answer
Commission for Agricultural Costs and Prices
Q: Who prints and supplies the currency notes in India:
A: State Bank of India
B: United Bank of India
C: Reserve Bank of India
D: United Commercial Bank of India
Answer
Reserve Bank of India
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: Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:
A: education for all
B: education for the weaker sections
C: universalisation of elementary education
D: bridge all the genders and social gaps in education
Answer
universalisation of elementary education
Q: Planning Commission of India was set up by :
A: Morarji Desai
B: T T Krishnamachari
C: Jawaharlal Nehru
D: None of the above
Answer
Jawaharlal Nehru
Q: Which one of the following is the main source of revenue for the states ?
A: Property tax
B: Sales tax
C: Excise duty
D: None of these
Answer
Sales tax
Q: Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :
A: Rs. 1 lac
B: Rs. 1.5 lacs
C: Rs. 2 lacs
D: Rs. 2.5 lacs
Answer
Rs. 1 lac
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