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General Knowledge on Indian Economy

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)
111. The Goods and Services tax (GST) proposed to be introduced, covers taxes like
112. ...........refers to the use of taxation, public expenditure and the management of public debt in order to achieve certain specified objectives.
113. The Kelkar proposals which were in the news recently were the
  • A. recommendations for reforms in the power sector
  • B. recommendations for tax reforms
  • C. guidelines for the privatization of public sector undertakings
  • D. guidelines for reducing vehicular pollution, and the promotion of CNG use
  • Check Answer | Discussion
114. As the Indian economy develops, the share of agriculture in the GDP has been on decline, touching around 18% now. Still agriculture is an important in the economy of the country because
  • A. India has traditionally been an agricultural economy
  • B. agriculture produces raw material for industries
  • C. agriculture sector is heavily subsidised
  • D. it employs more than 50% of the people directly
  • Check Answer | Discussion
115. Among other things, which one of the following was the purpose for which the Deepak Parekh Committee was constituted?
  • A. To study the current socio-economic conditions of certain minority communities
  • B. To suggest measure for financing the development of infrastructure
  • C. To frame a policy on the production of genetically modified organisms
  • D. To suggest measures to reduce the fiscal deficit in the Union Budget
  • Check Answer | Discussion
116. The government has undertaken grading and standardisation of various agricultural products through the
  • A. Food Corporation of India
  • B. Directorate of Marketing and Inspection
  • C. Indian Standards Institution
  • D. CSO
  • Check Answer | Discussion
117. Which Among the following facilities has been started in India for refinance assistance for small irrigation IRDP, dairy development and mechnisation of farms?
  • A. National Credit Fund
  • B. National Credit Stabilisation Fund
  • C. National Rural Credit Fund
  • D. Rural Infrastructural Development Fund
  • Check Answer | Discussion
118. Which one of the following statements regarding Monitorable Socio- Economic Target of the Eleventh Five Year Plan , under the head Environment , is not correct?
  • A. Treat all urban waste water by 2011-2012 to clear river waters
  • B. Inrease energy efficiency by twenty percentage points by 2016-2017
  • C. Attain WHO standards of air quality in all major cities by 2011-2012
  • D. Increase forest and tree cover by 15 percentage points
  • Check Answer | Discussion
119. Originally C Subramaniam prepared the approach paper of this plan, but the final draft was prepared and launched by DP Dhar. Which Plan is being referred to?
120. The 'Bombay Plan' drafted by GD Birla and JRD Tata emphasised
  • A. that the economy should be left to the dynamic investments by the private sector in heavy industries
  • B. the public sector investments in infrastructure and heavy industries
  • C. annual planning
  • D. that the private sector should foot the bill for intensive and low return investments in the industrial sector
  • Check Answer | Discussion

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