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Indian Economy MCQs with Answer
Q: Scheme run under MGNREGA are sponsored :
A: by the Central Government alone
B: by the State Government alone
C: partly by the Central Government and partly by the State Government
D: by Centre, State and Panchayat bodies together
Answer
partly by the Central Government and partly by the State Government
Q: About Deendayal Antyodaya Yojana (DAY) which of the following is
not
correct ?
A: It focuses on both the rural and urban areas
B: It aims at skill development.
C: It is a State Government's scheme
D: It has replaced Ajeevika
Answer
It is a State Government's scheme
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: Which of the following does not come under the GST in India ?
A: Agricultural products
B: Handicrafts
C: Gems and jewelries
D: Petroleum products
Answer
Petroleum products
Q: When was National Bank of Agriculture and Rural Development (NABARD) established ?
A: 6th Dec, 1947
B: 6th Dec, 1982
C: 5th Nov, 1982
D: 7th Oct, 1982
Answer
5th Nov, 1982
Q: Which of the following benefits is covered under social security schemes ?
A: Retirement benefits
B: Medical facility
C: Compensation facilities
D: All of the above
Answer
All of the above
Q: In which year the Planning commission was set-up?
A: 1949
B: 1950
C: 1951
D: 1952
Answer
1950
Q: Which institution in India controls the monetary policy of Indian currency?
A: Finance Commission
B: The Finance Ministry of India
C: The Reserve Bank of India
D: None of the above
Answer
The Reserve Bank of India
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
Q: In Income Tax, Assessee is :
A: a person who pays income tax
B: a person who deducts income tax from its employees
C: a person who prepares income tax Return of tax payers
D: None of these
Answer
a person who pays income tax
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