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Indian Economy MCQs with Answer
Q: The World Trade Organisation has replaced which organisation ?
A: ITO
B: UNCTAD
C: GATT
D: OECD
Answer
GATT
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: In India, Special Economic Zones were established to enhance:
A: Technology Development
B: Free Trade
C: Foreign Investment
D: Employment
Answer
Free Trade
Q: In order to control inflationary price rise, Reserve Bank directs Banks to
A: Reduce rate of interest on credit
B: Reduce Statutory Liquidity Ratio (SLR)
C: Increase Cash Reserve Ratio (CRR)
D: Buy bonds from capital market
Answer
Increase Cash Reserve Ratio (CRR)
Q: The Mahalanobis strategy of Indian Planning gave emphasis to the growth of:
A: Agricultural sector
B: Services sector
C: Heavy Capital Goods Industrial sector
D: Small scale Village Industrial sector
Answer
Heavy Capital Goods Industrial sector
Q: Which industry employs the largest number of women in India ?
A: Tea
B: Textile
C: Jute
D: Coal
Answer
Textile
Q: Who wrote the book
Planned Economy for India
?
A: Jawaharlal Nehru
B: Indira Gandhi
C: M. Visvesvaraya
D: Mahatma Gandhi
Answer
M. Visvesvaraya
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: The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
A: 2006
B: 2009
C: 2010
D: 2012
Answer
2006
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
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