Indian economy mcq questions and answers for competitive exams

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Indian economy mcq questions and answers for competitive exams UPSC SSC , SSC CGL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online
46.
Gilt-edged market means

a
market of guns
b
bullion market
c
market of government securities
d
market of pure metals

47.
Who have written the book Capital and Growth?

a
R. Rodon
b
Adam Smith
c
Hicks
d
Marshall

48.
Who among the following was the first Chairman of the Planning Commission?

a
Dr Rajendra Prasad
b
Sardar Vallabhbhai Petel
c
Pandit Jawaharlal Nehru
d
JB Kriplani

49.
In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?

a
1973 and 1974 respectively
b
1972 and 1973 respectively
c
1971 and 1972 repetitively
d
1970 and 1972 respectively

50.
Who of the following is Chairman of Planning Commission of India?

a
M.S. Ahluwalia
b
N.K, P. Salve
c
Pro A.M. Khusro
d
None of these

51.
Which of the following is the correct defi- nation of the term National Income?

a
National Income means the total amount of money Govt. earns only through direct tax collections every year
b
This is the measure of the volume of commodities and services turned out during a given period counted without duplication
c
It is the total value of all sorts of stocks held by a country at a particular point of time
d
None of these

52.
The growth rate of Per Capita Income at current prices is higher than that of Per Capita Income at constant prices, because the latter takes into account the rate of:

a
growth of population
b
increase in price level
c
growth in money supply
d
increase in the wage rate

53.
An economy is at the take off stage on its path to development when it

a
becomes stagnant
b
is liberalized
c
begins steady growth
d
gets maximum foreign aid

54.
Banking Ombudsman is appointed by

a
Government of India
b
State Government
c
RBI
d
ECGC

55.
National Development Council was constituted on

a
2 August, 1952
b
8 August, 1952
c
6 August, 1952
d
12 August, 1952

56.
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

a
increase it
b
decrease it
c
no impact
d
None of the above

57.
Who gave the call for 'Evergreen Revolution' in India?

a
APJ Abdul Kalam
b
Dr Manmohan Singh
c
MS Swaminathan
d
MS Ahluwalia

58.
Who is the father of Economics?

a
Karl Marx
b
Adam Smith
c
Max Mullar
d
None of these above

59.
The central co-operative banks are in direct touch with

a
land development banks
b
farmers
c
state co-operative banks
d
central government

60.
Which is the biggest Commercial Bank in India:

a
State Bank of India
b
ICICI Bank
c
HDFC Bank
d
Punjab National Bank

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