Indian Economy GK Questions

HomeQuestion Answer⇒ Indian Economy Questions, Quiz

Q76. PAN stands for
(a) Permanent Account Number
(b) Personal Account Number
(c) Public Account Number
(d) Postal Account Number

Q77. The system of VAT is applicable to
(a) Income tax
(b) Estate duty
(c) Taxes on agricultural income
(d) Excise duties

Q78. Which of the following controls the share market of India
(a) BIFR
(b) FERA
(c) SEBI
(d) MRTP Act

Q79. Who is known as the Pioneer of Economic Nationalism
(a) R.C. Dutt
(b) Gopal Krishna Gokhale
(c) Bipin Chandra Pal
(d) Madan Mohan Malviya

Q80. Repo rate and Reverse Repo rate are related with
(a) Government's Financial Policy
(b) Public Debt
(c) Import-Export
(d) Credit Policy of Reserve Bank

Q81. The Government of India adopted the Special Economic Zones (SEZ) Act in the year
(a) 2003
(b) 2004
(c) 2005
(d) 2006

Q82. In India, the Capital Market conditions are regulated by
(a) RBI
(b) LIC
(c) SEBI

Q83. The Gandhian economy is based on the principle of
(a) Competition
(b) Trusteeship
(c) State Control
(d) None of these

Q84. Who amongst the following is responsible for revenue sharing between the State Government and the Local Government
(a) The Chief Minister
(b) The Governor
(c) State Finance Commission
(d) None of these

Q85. Service tax was introduced in India on the recommendation of
(a) Kelkar Committee
(b) Raja J. Challiah Committee
(c) Manmohan Singh Committee
(d) Yashwant Sinha Committee

Q86. Black revolution is related to the
(a) Fish Production
(b) Coal Production
(c) Crude oil Production
(d) Mustard Production

Q87. Expenditure tax in India was introduced by
(a) T.T. Krishnamachari
(b) C. Rajagopalachari
(c) Yashwant Sinha
(d) R. Venkatraman

Q88. The rate at which RBI lends money to commercial banks in the event of any shortfall of funds is known as __________
(a) Repo Rate
(b) Cash Rate
(c) Reverse Repor Rate
(d) Bank Rate

Q89. Who appoints the Finance Commission in India
(a) RBI Governor
(b) CAG of India
(c) President of India
(d) Central Finance Minister

Q90. Which of the following Five Year Plans of India laid emphasis on establishment of heavy Industries for the first time
(a) Second Five Year Plan
(b) Third Five Year Plan
(c) Fifth Five Year Plan
(d) Seventh Five Year Plan

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