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Indian Economy MCQs with Answer
Q: In which year the Planning commission was set-up?
A: 1949
B: 1950
C: 1951
D: 1952
Answer
1950
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: 'Economic Survey' is published by:
A: The Ministry of Finance
B: The Planning Commission
C: The Government of India
D: The Central Statistical Organization
Answer
The Ministry of Finance
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: GST abolishes which of the following taxes ?
A: Corporation tax
B: Service tax
C: Income tax
D: Wealth tax
Answer
Service tax
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: Poverty is defined as:
A: A monetary condition brought about by people's own laziness
B: A monetary condition where people do not have enough to satisfy basic needs
C: A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
D: All of the above
Answer
A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
Q: What is the 'Repo rate' ?
A: It is the rate at which International Aid Agencies lend to RBI
B: It is the rate at which the banks lend to RBI
C: It is the rate at which RBI borrows from the market
D: It is the rate at which RBI lends to banks
Answer
It is the rate at which RBI lends to banks
Q: ICDS was first introduced in India in the year
A: 1975
B: 1977
C: 1979
D: None of these
Answer
1975
Q: If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :
A: decrease it
B: increase it
C: No impact
D: None of these
Answer
increase it
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