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Indian Economy MCQs with Answer
Q: What is hard currency?
A: A stable currency
B: Arranged in war time
C: Issued by IMF
D: Given by RBI to foreign banks
Answer
A stable currency
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: 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: Mixed economy means an economy where:
A: There is co-existence of public sector along with private sector
B: Both agriculture and Industry are equally promoted by the state
C: There is importance of small scale industries along with heavy industries
D: Economy is controlled by military as well as civilian rulers
Answer
There is co-existence of public sector along with private sector
Q: The World Trade Organisation has replaced which organisation ?
A: ITO
B: UNCTAD
C: GATT
D: OECD
Answer
GATT
Q: Green revolution occurred during:
A: 1945-1955
B: 1965-1975
C: 1985-1995
D: none of these
Answer
1965-1975
Q: Tertiary sector activities include
A: Cottage industries
B: Mining activities
C: Construction activities
D: Infrastructure services
Answer
Infrastructure services
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: Who was the head of the 10th Finance Commission?
A: K.C. Pant
B: Manmohan Singh
C: Vasant Sathe
D: Shiv Shankar
Answer
K.C. Pant
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
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