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INDIAN ECONOMY MCQ PART-2

Indian Economy ভারতের অর্থনীতি 

1.Industrial Licensing, was finally abolished (with a few exceptions) in the----------------------------------

(A) Industrial Policy, 1991✔️
(B) Industrial Policy, 1995
(C) Industrial Policy, 1970
(D) Industrial Policy, 1980
2.The national income of a country is-----
(A) Export minus
(B) Surplus of Public Sector Undertakings
(C) The Annual Revenue of the Government
(D) Sum total of factor incomes✔️
3.Plan finance creates an increase in money supply if there is-------------------
(A) increase in loan from commercial banks
(B) increase in loan from the general public
(C) increase in taxes✔️
(D) increase in loan from the Reserve Bank of India
4.In India, the per capita income is the lowest in------------
(A) Bihar✔️
(B) Kerala
(C) West Bengal
(D) Rajasthan
5.What is the name of the Central Bank of India?----------------------------------
(A) Reserve Bank of India(RBI) ✔️
(B) Indian Overseas Bank
(C) Central Bank of India
(D) State Bank of India
6.Which of the following is not one of the objectives of economic planning in India----------------------------------------------
(A) Balanced regional development
(B) Spread of education✔️
(C) Raising living standards
(D) Reduction of economic inequalities
7.The place where banks settle their mutual claims and accounts is known as a----------------------------
(A) Collection Centr
(B) Stock Exchange
(C) Treasury
(D) Clearing House✔️
8.The Planning Commission was appointed in March 1950 under the chairmanship of--------
(A) C.D. Deshmukh
(B) None of the above
(C) P.C. Mahalanobis
(D) Jawaharlal Nehru✔️
9.The credit co-operative institution at the village level is called -
(A) Agricultural Loan Society
(B) Rural Bank
(C) Primary Agricultural Credit Society✔️
(D) Rural Agricultural Credit Society
10.The New Agricultural Strategy was introduced in India in the decade of —
(A) 1970's
(B) 1960's✔️
(C) 1950's
(D) None of the above
11.Find out the statement which is false. Financial Structural reform needs
(A) reduce inflationary pressure
(B) increase in the balance of payment deficit✔️
(C) fall in government budget deficit
(D) increase in profitability of economic sectors
12.Panchayats---------
(A) Are entitled to Government grants only
(B) Are authorized to levy and collect taxes, duties tolls, and fees✔️
(C) Are authorized to levy taxes only
(D) Have no power to levy taxes
13.The National Bank for Agriculture and Rural Development (NABARD) was established in
(A) 1983
(B) 1984
(C) 1981
(D) 1982✔️
14.Operation Barga was first introduced in
(A) Kerala
(B) Bihar
(C) Karnataka
(D) West Bengal✔️
15.Share of the sector in India's GDP is highest
(A) Services sector✔️
(B) Foreign Trade sector
(C) Agricultural sector
(D) Industrial sector
16.New agri-structural strategy created special benefits for
(A) Agricultural laborers
(B) Intermediate traders
(C) Small farmers
(D) Big capitalist farmers✔️
17.The Objective of the plan strategy--- followed in the first seven plans was
(A) Increasing import growth
(B) Maximizing growth of employment
(C) Achieving self-reliance✔️
(D) Increasing export growth
18.The item that earns the maximum foreign exchange for India is
(A) Pharmaceuticals
(B) Rice
(C) Leather and leather goods✔️
(D) Spices
19.In which of the following Five Year Plans a bold approach was adopted towards a long term employment policy?
(A) Seventh
(B) Eighth✔️
(C) Fifth
(D) Sixth
20.Almost the same importance was given to agriculture and industry in the
(A) Fourth Plan
(B) Fifth Plan
(C) First Plan
(D) Third Plan✔️
21.Operation Barga refers to —
(A) Recognition of share-croppers' rights to cultivate lands of absentee landlords
(B) Equal distribution of lands
(C) A program of universal registration of tenants✔️
(D) Recognition of sharing of outputs between landlords and share-croppers
22.India took Annual Plans from
(A) 1968-1970
(B) 1966-1969✔️
(C) 1969-1971
(D) None of the above
23.The world Green Revolution was connected with
(A) Agricultural production✔️
(B) Frequent use of green in paintings
(C) Deforestation
(D) Ecological balance
24.The latest population Census was undertaken in
(A) 2005
(B) 2002
(C) 2011✔️
(D) 1991
25.Land reforms largely benefitted the economic condition of
(A) Small farmers✔️
(B) Co-operative farmers
(C) Agricultural laborers
(D) Bargadars
26.Deficit Financing
(A) Has no effect on money supply
(B) Has stabilizing effect on the price level
(C) Increases money supply✔️
(D) Decreases money supply
27.When was the first West Bengal Human Development Report published?
(A) 2003
(B) 2004✔️
(C) 2001
(D) 2005
28.The monetary policy of India is framed by-
(A) The State Bank of India
(B) The Reserve Bank of India:-) RBI✔️
(C) The Government of India
(D) None of the above
29.What is meant by SEBI(1988) - - - 
(A) International Sports Authority
(B) Security and Exchange Board of India✔️
(C) Woman Welfare Organization
(D) Integrated Credit Scheme
30.The major part of tax revenue in India comes from
(A) Direct taxes
(B) Indirect taxes✔️
(C) Both Direct and Indirect taxes have an equal share
(D) All of the above
31.Who is the Pioneer of Economic Nationalism?
(A) R. C. Dutt
(B) M. M. Malviya
(C) Bipin Chandra Pal✔️
(D)Gopal krishna Gokhale
32.Which of the following is included in the Employees' State Insurance Act, 1948?
(A) Minimum Wages
(B) None of the above
(C) Unemployment Insurance
(D) Medical Benefit✔️
33. NITI Aayog is set up by 01-01-2015
(A) A resolution by Union Cabinet✔️
(B) Amending the Constitution of India
(C) Both A and B
(D) Neither A nor B 
34.Which of the following taxes or duties is not under the jurisdiction of the Central Government?
(A) Corporate Income Tax
(B) Customs Duties
(C) Land Revenue✔️
(D) Personal Income Tax
35.India's Five-Years Plan Plans are finally approved by the-----
(A) National Development Council(1952)✔️
(B) Minister of Finance
(C) President
(D) Prime Minister
36.Planning Commission is a--
(A) Constitutional Body
(B) Autonomous Body
(C) Statutory Body✔️
(D) Non-Statutory Body
37.A major part of Indian agriculture is characterized by----
(A) Small size farm✔️
(B) Co-operative farmers
(C) Large size farm
(D) Capitalist agriculture
38.The largest contributor to the gross domestic savings of India is--
(A) the public sector.
(B) the foreign sector.
(C) the household sector.✔️
(D) the private corporate sector
39.In India, fourteen major commercial banks were nationalized in the year
(A) 1969✔️
(B) 1975
(C) 1949
(D) 1953
40. Green Revolution was most successful in the--
(A) Eighties
(B) Nineties
(C) Sixties✔️
(D) Seventies
41.Indian leader accepted planning from the experience of--
(A) Czechoslovakia
(B) Germany
(C) China
(D) Russia✔️
42.Heavy industrialization was introduced in India in the - - - - 
(A) Third Five Year Plan
(B) Fourth Five Year Plan
(C) First Five Year Plan
(D) Second Five Year Plan✔️
43.The Sarkaria Commission was set up for the review of the relation between
(A) The Executive and the Judiciary
(B) The Centre and the States✔️
(C) The Prime Minister and the President
(D) The Legislative and the Executive
44.IRDP means
(A) Integrated Regional Development Programme
(B) None of the above
(C) Integrated Rural Development Programme✔️
(D) Integrated Road Development Programme
45.The basis for determination of Dearness Allowance of urban salaried workers and government employees in India is
(A) CPI for agricultural laborers
(B) CPI for urban non-manual employees
(C) Wholesale Price Index
(D) Consumer Price Index  for industrial workers✔️
46.Heavy industrialization was introduced in India in the 🖊️
(A) Third Five Year Plan
(B) Fourth Five Year Plan
(C) First Five Year Plan
(D) Second Five Year Plan✔️
47.The Human Development Index was first introduced in the year🖊️
(A) 1995
(B) 2000
(C) 1980
(D) 1990✔️
48.Which of the following has been given special representation in Panchayati Raj🖍️
(A) Cooperative etic
(B) Women✔️
(C) Backward classes
(D) All of the above
49.Indian Economy is a🖊️
(A) Capitalist economy
(B) None of the above
(C) Totally command economy with no private sector
(D) Mixed economy✔️
50.Balance of Payments Account of a country🖊️
(A) Shows the number of loans given by the country to foreign countries
(B) Shows the number of loans taken by the country from foreign countries
(C) Records the country's economic transactions with the rest of the world✔️
(D) None of.........

            to be continue on...
INDIAN ECONOMY MCQ PART-3

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