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Indian Economy MCQs with Answer
Q: Which of the following is a primary sector of economic activities in India ?
A: Food processing
B: Telecom services
C: Manufacturing industry
D: Agriculture
Answer
Agriculture
Q: Which period in India is known as
plan holiday
?
A: 1961-1966
B: 1965-1966
C: 1966-1969
D: 1969-1974
Answer
1966-1969
Q: The Gandhian economy is based on the principle of:
A: Competition
B: Trusteeship
C: State Control
D: None of the above
Answer
Trusteeship
Q: Which of the following is the role of Finance Commission ?
A: Sharing of net proceeds of taxes between the Centre and States.
B: Recommending principles for governing the grants-in-aid to the States by the Centre
C: Recommendations on matters referred to it by the President for the interest of finance
D: All of the above
Answer
All of the above
Q: NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:
A: 1st January, 2015
B: 26th January, 2015
C: 15th August, 2015
D: None of the above
Answer
1st January, 2015
Q: Which of the following is true in respect of Centre-State financial relations ?
A: Amount given by Centre is the only source of income to States
B: States can by-pass Centre while taking foreign loans
C: States can not levy income tax
D: States can claim 100 % share in excise duty on goods produced in the State
Answer
States can not levy income tax
Q: Where is the headquarter of Reserve Bank of India (RBI) situated ?
A: Chennai
B: New Delhi
C: Kolkata
D: Mumbai
Answer
Mumbai
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: ICDS was first introduced in India in the year
A: 1975
B: 1977
C: 1979
D: None of these
Answer
1975
Q: The basic regulatory authority for mutual funds and stock markets lies with the:
A: Stock exchanges
B: Government of India
C: Reserve Bank of India
D: Securities and Exchange Board of India.
Answer
Securities and Exchange Board of India.
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