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Indian Economy MCQs with Answer
Q: The LPG model of development was introduced by India since:
A: 1991
B: 1992
C: 1993
D: 1994
Answer
1991
Q: Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:
A: 15th August, 2014
B: 28th August, 2015
C: 26th January, 2016
D: None of the above
Answer
15th August, 2014
Q: Chairman of the 15th Finance Commission of India-
A: NK Singh
B: YV Reddy
C: Ranghuram Rajan
D: Ramesh Chand
Answer
NK Singh
Q: The equilibrium condition for money market is:
A: demand for money should be equal to supply of money
B: cash in hand should be equal to deposits in bank
C: saving is equal to investment
D: bank rate is equal to repo rate
Answer
demand for money should be equal to supply of money
Q: Major part of the Indian agriculture is characterized by
A: Large size farm
B: Capitalist agriculture
C: Small size farm
D: Co-operative farm
Answer
Small size farm
Q: Which of the following products of Tripura ranks Second in all India level in terms of production ?
A: Paddy
B: Bamboo
C: Natural gas
D: Natural rubber
Answer
Natural rubber
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: 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: Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :
A: 1st April, 2015
B: 1st May, 2015
C: 1st June, 2015
D: 1st July, 2015
Answer
1st July, 2015
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
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