Indian Economy

Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:

A
1969
B
1970
C
1971
D
1968

Correct Answer

1969

More Questions on Indian Economy

  • Q. The first multi–purpose river valley project of independent India is:
    A)Damodar
    B)Bhakra-Nangal
    C)Hirakud
    D)Nagarjunasagar
    Answer: Damodar
  • Q. Gross domestic capital formation is defined as
    A)expenditure incurred on physical assets only
    B)flow of expenditure devoted to increased or maintaining of the capital stock
    C)production exceeding demand
    D)net addition to stock after depreciation
    Answer: net addition to stock after depreciation
  • 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. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Kerala
    C)Andhra Pradesh
    D)Karnataka
    Answer: Karnataka
  • Q. The first Apparel Park in India has been established in:
    A)Tirupur (Tamil Nadu)
    B)Both A and B
    C)Punalur (Kerala)
    D)None of the above
    Answer: Tirupur (Tamil Nadu)
  • Q. On which one of the following is the benefits received principle of taxation to achieve optimality bases?
    A)Total benefit received
    B)Average benefit received
    C)Marginal benefit received
    D)Ability to pay for the benefit
    Answer: Ability to pay for the benefit
  • Q. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
    A)8.0% in 2011-12
    B)8.2% in 2011-12
    C)8.5% in 2011-12
    D)7.8% in 2011-12
    Answer: 8.0% in 2011-12
  • Q. What is the objective of ‘Sangam Yojna 1996’?
    A)To make Ganga water pollution free
    B)To increase the welfare of the disabled
    C)To make Sangam region of Allahabad more attractive for tourists
    D)To unite, various groups of Hindus
    Answer: To increase the welfare of the disabled
  • Q. In the world in terms of Railway Network system India ranks:
    A)first
    B)second
    C)fourth
    D)third
    Answer: fourth
  • Q. States earn maximum revenue through
    A)custom revenue
    B)commercial taxes
    C)land revenue
    D)excise duties on intoxicants
    Answer: commercial taxes
  • Q. The budget deficit means
    A)difference between revenue receipts and revenue expenditure
    B)difference between all receipts and all the expenditure
    C)the excess of total expenditure, including loans, net of lending over revenue receipts
    D)fiscal deficit less interest payments
    Answer: difference between all receipts and all the expenditure
  • Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
    A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
    B)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
    C)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
    D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
    Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
  • Q. Redistribution polices geared to reduce economic inequalities include
    A)land reforms
    B)progressive tax policies
    C)rural development policies
    D)All the above
    Answer: All the above
  • Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
    A)Deutsche Mark
    B)Japanese Yen
    C)Euro
    D)French Franc
    Answer: Deutsche Mark
  • 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. Excise duty is a tax levied on the
    A)export of goods
    B)import of goods
    C)production of goods
    D)sale of goods
    Answer: production of goods
  • Q. Where was first gold refinery established?
    A)Shirpur (Maharashtra)
    B)Ahmedabad (Gujarat)
    C)Bangalore (Karnataka)
    D)Mumbai (Maharashtra)
    Answer: Shirpur (Maharashtra)
  • Q. In the World, in the production of cotton, India ranks:
    A)First
    B)Third
    C)Second
    D)Fourth
    Answer: Second
  • Q. The number of finance commissions set up upto now is:
    A)14
    B)13
    C)15
    D)16
    Answer: 15
  • Q. Depreciation means
    A)closure of a plant due to labour trouble
    B)closure of a plant due to lock out
    C)loss of equipment over time due to wear and tear
    D)destruction of a plant in a fire accident
    Answer: loss of equipment over time due to wear and tear

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