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Indian Economy MCQs with Answer
Q: Which of the following is the main problem in the growth of agriculture sector in Tripura ?
A: About 96 per cent of the land holdings are small and marginal
B: 60 per cent of the total geographical area is forest cover
C: Two-third of the geographical area is hilly
D: All of the above
Answer
All of the above
Q: Which of the following Committees are related to Banking reforms: i) Narsimham Committee ii) P J Nayak Committee iii) Sunil Mehta Committee iv) Nachiket Mor Committee
A: (i), (ii) and (iii) only
B: (ii), (iii) and (iv) only
C: (i) and (iv) only
D: (i), (ii), (iii) and (iv)
Answer
(i), (ii), (iii) and (iv)
Q: Where is the headquarter of Reserve Bank of India (RBI) situated ?
A: Chennai
B: New Delhi
C: Kolkata
D: Mumbai
Answer
Mumbai
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: Find out the statement which is false.
Financial Structural reform needs
A: fall in government budget deficit
B: increase in profitability of economic sectors
C: reduce inflationary pressure
D: increase in the balance of payment deficit
Answer
increase in the balance of payment deficit
Q: Existence of huge black money creates
A: increase in the inequality of income
B: decrease in the quality of output
C: high living standard for all
D: Both (B) and (C)
Answer
increase in the inequality of income
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: 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: New Industrial Policy of India was introduced in the year:
A: 1990
B: 1991
C: 1992
D: 1993
Answer
1991
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
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