Indian Economy

Q.1. Approx __ % of Indian population is still Agriculturist.
A. 46%
B. 50%
C. 58%
D. 64%
Ans. 58%

Q.2. The best indicator of economic development of any country is ?
A. Its agriculture
B. Its transport
C. Its gross production
D. Its per capita income
Ans. Its per capita income

Q.3. What is the mainstay of Indian economy ?
A. Manufacturing
B. Business
C. Public sector
D. Agriculture
Ans. Agriculture

Q.4. First five year plan in India was from
A. 1947 - 1952
B. 1949 - 1954
C. 1950 - 1955
D. 1951 - 1956
Ans. 1951 - 1956

Q.5. First five year plan was based on ?
A. Herold -Domar Model
B. P.C. Mahalanobis Model
C. Both of above
D. None of above
Ans. Herold - Domar Model

Q.6. Mahila Samridhi Yojana started in ?
A. 1992
B. 1993
C. 1994
D. 1995
Ans. 1993

Q.7. States earn maximum revenue through
A. Tax Fines
B. Customs
C. License sales
D. Commercial taxes
Ans. Commercial taxes

Q.8. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called ?
A. Statutory Liquid Ratio
B. Cash Reserve Ratio
C. Liquid Ratio
D. Statutory Ratio
Ans. Statutory Liquid Ratio

Q.9. Which is the most important source of income for Government of India ?
A. Interest
B. Licence fee
C. Income tax
D. Excise duty
Ans. Excise duty

Q.10. Which Indian got Nobel Prize for Economics ?
A. Teressa
B. Amartya Sen
C. C.V.Raman
D. None of above
Ans. Amartya Sen

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