Indian Economy

Q. The number of finance commissions set up upto now is:

A
14
B
15
C
13
D
16

Correct Answer

15

More Questions on Indian Economy

  • Q. The chairman of 13th finance Commission was:
    A)K C Neogy
    B)Vijay L. Kelkar.
    C)Nand Kishore Singh
    D)Y V Reddy
    Answer: Vijay L. Kelkar.
  • Q. Devaluation of currency will be more beneficial if
    A)prices of exports remain constant
    B)prices of domestic goods remain constant
    C)prices of imports remains constant
    D)prices of exports rise proportionately
    Answer: prices of exports remain constant
  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Bangalore (Karnataka)
    C)Ahmedabad (Gujarat)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. Meera Seth committee was associated with:
    A)sex discrimination at work place
    B)female foeticide
    C)the development of handloom industry.
    D)banking sector
    Answer: the development of handloom industry.
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)two-tier structure
    C)four-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. In India, the second largest provider of employment after agriculture is:
    A)Chemical Sector
    B)Textile Sector
    C)Iron and Steel Sector
    D)Telecommunication sector
    Answer: Textile Sector
  • Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
    A)1998
    B)1999
    C)1997
    D)2000
    Answer: 1999
  • Q. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
    A)productivity in agriculture has been high enough to induce people to stay with agriculture
    B)investment pattern has been directed towards capital intensive industries
    C)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
    D)people are largely unaware of the significance of transition from agriculture to industry for econom
    Answer: investment pattern has been directed towards capital intensive industries
  • Q. The current price index (base 1960) is nearly 330. This means that
    A)the prices of certain selected items have gone up to 3-3 times
    B)weighted means of prices of certain item has increased 3-3 times
    C)all items cost 3-3 times more than what they did in 1960
    D)gold price has gone up 3-3 times
    Answer: weighted means of prices of certain item has increased 3-3 times
  • Q. Revenue of the state governments are raised from the following sources, except
    A)expenditure tax
    B)entertainment tax
    C)agricultural income tax
    D)land revenue
    Answer: agricultural income tax
  • Q. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
    A)Services sector
    B)Food processing
    C)Chemicals other than fertilizers
    D)Telecommunication
    Answer: Telecommunication
  • Q. The Foreign Exchange Management Act(FEMA) was passed in:
    A)the year 2005
    B)the year 2000
    C)the year 1999
    D)the year 2002
    Answer: the year 1999
  • Q. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:
    A)1 per 10000 births
    B)1 per 1000 births
    C)1 per 100 births
    D)1 per 10 births
    Answer: 1 per 1000 births
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of petroleum crude oil
    C)Self-dependence in the production of coal
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. Which of the following is the most appropriate cause of export surplus?
    A)Country's stringent import policy
    B)Developments in national and international markets
    C)Country's exports promotion value
    D)None of the above
    Answer: Developments in national and international markets
  • Q. The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in:
    A)1986
    B)1982
    C)2006
    D)1975
    Answer: 1975
  • Q. Which state of India ranks first in milk production as per the data of the year 2009-10?
    A)Jharkhand
    B)Uttar Pradesh
    C)Bihar
    D)West Bengal
    Answer: Uttar Pradesh
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)four-tier structure
    C)two-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
    A)the year 1999
    B)the year 1998
    C)the year 2005
    D)the year 1990
    Answer: the year 1999
  • Q. If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
    A)Rs 500
    B)Rs 1000
    C)Rs 400
    D)Rs 300
    Answer: Rs 300

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