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GK Questions: Indian Economy – Set 4

By
Sheerin
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Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Economy) !!!

  1. The Government of India appointed a National Income Committee under the chairmanship of Dr.PC.Mahalanobis. This committee gave its first report in ………………..
    1.1951
    2.1954
    3.1956
    4.1960
    5.None of these
    Answer – 1.1951
    Explanation :
    The Government of India appointed a National Income Committee under the chairmanship of Dr.PC.Mahalanobis. This committee gave its first report in 1951 and final report in 1954.

  2. ………………….. is the total money value of all final goods and services produced within the geographical boundaries of the country during a given period of time
    1.Gross Domestic Product
    2.Nominal GDP
    3.Real GDP
    4.Gross National Product
    5.None of these
    Answer – Gross Domestic Product
    Explanation :
    Gross Domestic Product is the total money value of all final goods and services produced within the geographical boundaries of the country during a given period of time
    GDP = Consumption Expenditure+Gov Expenditure+ Investments Expenditure.

  3. GDP in a country is usually calculated by ……………………….
    1.International Monetary Fund
    2.System of National Accounts
    3.Central Statistical Agency
    4.National Statistical Agency
    5.None of these
    Answer – 4.National Statistical Agency
    Explanation :
    GDP in a country is usually calculated by National Statistical Agency which compiles the information from a large number of sources.In case of India it is Central Statistics Office.

  4. NITI Aayog came into existence on ……………………….
    1.January 1, 2015
    2.August 15, 2015
    3.Januray 26, 2015
    4.January 1, 2014
    5.None of these
    Answer – 1.January 1, 2015
    Explanation :
    NITI Aayog or National Institution of India Aayog came into existence on January 1, 2015.It replaces Planning Commission and aims to involve States in economic policy making.

  5. The Year 1921 is known as the …………………………..
    1.Year of Stagnant
    2.Year of Great Divide
    3.Year of Declining
    4.Year of High Growth
    5.None of these
    Answer – 2.Year of Great Divide
    Explanation :
    The Year 1921 is known as the Year of Great Divide because it is the only census year when there was decline in growth of population. After 1921, there has been a trend of continuous rise in population.

  6. A National commission on Farmers was appointed in …………………. under the chairmanship of Dr.MS Swaminathan
    1.1997
    2.2001
    3.1993
    4.2004
    5.None of these
    Answer – 4.2004
    Explanation :
    A National commission on Farmers was appointed in 2004 under the chairmanship of Dr.MS Swaminathan,Which suggests Agricultural Renewal Action Plan.

  7. RRB’s formally launched in …………………………
    1.12th June, 1972
    2.2nd October, 1975
    3.1st January, 1985
    4.26th November, 1980
    5.None of these
    Answer – 2.2nd October, 1975
    Explanation :
    RRB’s formally launched in 2nd October, 1975 at Moradabad, Gorakhpur, Bhiwani, Jaipur and malda.

  8. Agricultural Insurance Company of India(AIC) was incorporated under the…………………….on 20th December 2002.
    1.Companies Act, 1952
    2.Companies Act, 2015
    3.Companies Act, 1956
    4.Companies Act, 2013
    5.None of these
    Answer – 3.Companies Act, 1956
    Explanation :
    Agricultural Insurance Company of India(AIC) was incorporated under the Companies Act, 1956 on 20th December 2002.
    Agriculture Insurance Company of India Limited (AIC) offers yield-based and weather-based crop insurance programs in almost 500 districts of India.Agriculture Insurance Company of India Limited is a limited company headquartered out of New Delhi, India.

  9. NABARD was setup in July,1982 and it’s headquarters at ………………………..
    1.Hyderabad
    2.Kolkata
    3.Delhi
    4.Mumbai
    5.None of these
    Answer – 4.Mumbai
    Explanation :
    National Bank for Agriculture and Rural Development is an apex development bank in India, having headquarters in Mumbai and other branches are all over the country.

  10. The Maharatna status established by the government which raised the PSEs investment ceiling from …………………… to ………………………
    1.Rs.1000cr to Rs.5000cr
    2.Rs.100cr to Rs.1000cr
    3.Rs.1000cr to Rs.2000cr
    4.Rs.500cr to Rs.1000cr
    5.None of these
    Answer – 1.Rs.1000cr to Rs.5000cr
    Explanation :
    The Maharatna status established by the government which raised the PSEs investment ceiling from Rs.1000cr to Rs.5000cr.The Maharatna firm can now decide on investments of upto 15% of their networth





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