Indian Economy GK Questions
Q76. PAN stands for
(a) Permanent Account Number
(b) Personal Account Number
(c) Public Account Number
(d) Postal Account Number
Answer: (a) Permanent Account Number
Q77. The system of VAT is applicable to
(a) Income tax
(b) Estate duty
(c) Taxes on agricultural income
(d) Excise duties
Answer: (d) Excise duties
Q78. Which of the following controls the share market of India
(a) BIFR
(b) FERA
(c) SEBI
(d) MRTP Act
Answer: (c) SEBI
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
Answer: (a) R.C. Dutt
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
Answer: (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
Answer: (c) 2005
Q82. In India, the Capital Market conditions are regulated by
(a) RBI
(b) LIC
(c) SEBI
(d) NABARD
Answer: (c) SEBI
Q83. The Gandhian economy is based on the principle of
(a) Competition
(b) Trusteeship
(c) State Control
(d) None of these
Answer: (b) Trusteeship
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
Answer: (c) State Finance Commission
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
Answer: (b) Raja J. Challiah Committee
Q86. Black revolution is related to the
(a) Fish Production
(b) Coal Production
(c) Crude oil Production
(d) Mustard Production
Answer: (c) Crude oil Production
Q87. Expenditure tax in India was introduced by
(a) T.T. Krishnamachari
(b) C. Rajagopalachari
(c) Yashwant Sinha
(d) R. Venkatraman
Answer: (a) T.T. Krishnamachari
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
Answer: (a) Repo Rate
Q89. Who appoints the Finance Commission in India
(a) RBI Governor
(b) CAG of India
(c) President of India
(d) Central Finance Minister
Answer: (c) President of India
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
Answer: (a) Second Five Year Plan
Practice Test Exam