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Indian Economy MCQs with Answer
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: 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: SRI, which is highly practiced in Tripura is associated with:
A: Rice production
B: Rural internal connectivity
C: E-marketing
D: Regards to elders
Answer
Rice production
Q: First Five Year Plan started in India in the year?
A: 1952
B: 1956
C: 1950
D: 1951
Answer
1951
Q: Who was the father of Operation Flood in India ?
A: Dr. Varghese Kurien
B: M. S. Swaminathan
C: A P J Abdul Kalam
D: Morarji Desai
Answer
Dr. Varghese Kurien
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
Q: Fiscal Deficit is:
A: Government expenditure minus borrowings
B: Government expenditure minus revenue receipts
C: Same as budget deficit
D: Budget deficit minus borrowings and other liabilities
Answer
Government expenditure minus revenue receipts
Q: Which is the following is direct tax ?
A: Income tax
B: Excise duty
C: Sales tax
D: None of these
Answer
Income tax
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: Who wrote the book
Planned Economy for India
?
A: Jawaharlal Nehru
B: Indira Gandhi
C: M. Visvesvaraya
D: Mahatma Gandhi
Answer
M. Visvesvaraya
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