Indian Economy GK Questions

Q91. India's foreign exchange rate system is
(a) Free float
(b) Fixed
(c) Managed float
(d) Fixed target of band

Q92. During the Economic Crisis in July 1991, how many times the rupee was devalued
(a) 1
(b) 2
(c) 3
(d) 4

Q93. The vicious circle argument points out the supply side connection between
(a) Productivity and Income
(b) Income and Population
(c) Investment and Technology
(d) Saving and Capital

Q94. The most important source of Plan finance to cover up the gap between intended expenditure and available resources is in
(a) Direct taxes
(b) Indirect taxes
(c) Foreign aid
(d) Deficit planning

Q95. The economist who recommended Expenditure Tax in India is
(a) Keynes
(b) H Dalton
(c) Nicolas Kaldor
(d) Galbraith

Q96. GST Council is chaired by
(a) President
(b) Prime Minister
(c) Union Finance Minister
(d) Union Commerce Minister

Q97. Service tax is not levied in which of the states
(a) Nagaland
(b) Arunachal Pradesh
(c) Mizoram
(d) Jammu and Kashmir

Q98. Which of the following periods is known as plan holiday in India
(a) 1965-1970
(b) 1970-1975
(c) 1975-1980
(d) 1980-1985

Q99. During which Five-Year plan, the Green Revolution was introduced in India
(a) Third Five year plan
(b) Fourth Five year plan
(c) Fifth Five year plan
(d) Sixth Five year plan

Q100. Who was the Deputy Chairperson of the First Five-year Plan
(a) Gulzarilal Nanda
(b) V. T. Krishnamachari
(c) C.D. Deshmukh
(d) N.R. Pillai

Q101. Who used to give the final approval to the Five-Year Plans in India
(a) National Development Council
(b) Niti Aayog
(c) President of India
(d) Prime Minister

Q102. Which of the following is responsible for the preparation of National Accounts that includes GDP in India
(a) NITI Aayog
(b) Ministry of Finance
(c) The Reserve Bank of India
(d) National Accounts Division of Central Statistical Office

Q103. When did the first devaluation of Indian rupee take place
(a) 1963
(b) 1964
(c) 1966
(d) 1969

Q104. In India, the base year for calculating GDP has been changed to
(a) 2010-11
(b) 2011-12
(c) 2012-13
(d) 2013-14

Q105. Non-Scheduled banks are those which have not been included in the ______ scheduled of RBI Act 1934
(a) first
(b) second
(c) third
(d) fourth

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