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GK Questions: Indian Economy – Set 12

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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(Indian Economy) !!

  1. The first human development report of India issued on ………………
    5.None of these
    Answer – 3.2002
    Explanation :
    National Human Development Report was issued in  2002. by Planning Commission, Government of India.

  2. How many censuses have been carried out since independence ?
    5.None of these
    Answer – 4.7
    Explanation :
    7 censuses have been carried out since independence .
    Years: 1951, 1961, 1971, 1981, 1991, 2001 and 2011

  3. The term ‘Green GNP’ emphasizes ……………………….
    1.Sustainable Development
    2.Land Reforms
    3.Agriculture Reforms
    4.Education Reforms
    5.None of these
    Answer – 1.Sustainable Development
    Explanation :
    The term ‘Green GNP’ emphasizes Sustainable Development

  4. Who estimated the National Income for the first time in India ?
    1.Jawaharlal Nehru
    2.Dadabhai Naoroji
    3.Dr. Ambedkar
    4.Dr.Rajendra Prasad
    5.None of these
    Answer – 2.Dadabhai Naoroji
    Explanation :
    Dadabhai Naoroji estimated the National Income for the first time in 1868

  5. RBI does not transact the business of which state government ?
    3.J & K
    5.None of these
    Answer – 3.J & K
    Explanation :
    Reserve Bank of India (RBI) does not transact the Business of Jammu and Kashmir and Sikkim also

  6. ………………. is the name of the electronic communication network of RBI
    5.None of these
    Answer – 1.RBINET
    Explanation :
    It is a communication system operating over the BANKNET. RBINET client running a personal computer is called RBINET Dos client and he can communicate with its server over a dedicated leased line or dial up line.

  7. Deficit Financing means the government borrows money from the ………………..
    1.Other Government
    3.World Bank
    5.None of these
    Answer – 4.RBI
    Explanation :
    Deficit financing is a method of meeting government deficits through the creation of new money. Deficit Financing means the government borrows money from the RBI

  8. CAPART is engaged primarily with which one of the following ?
    1.Urban Development
    3.Rural Development
    4.Financial Inclusion
    5.None of these
    Answer – 3.Rural Development
    Explanation :
    Council for Advancement of People’s Action and Rural Technology (CAPART) is a nodal organization for rural development. The main purpose of this organization is to promote and organize the joint venture emerging between the Government of India and the voluntary organizations pertaining to the development of the rural sector.

  9. Which theory generally included under micro economics ?
    1.Robbins Theory
    2.Price Theory
    3.Marshall Theory
    4.Smith Theory
    5.None of these
    Answer – 2.Price Theory
    Explanation :
    Price theory Economic theory asserts that in a free market economy the market price reflects interaction between supply and demand: theprice is set so as to equate the quantity being supplied and that being demanded.

  10. When was Consumer protection Act enacted ?
    5.None of these
    Answer – 1.1986
    Explanation :
    Consumer Protection Act, 1986 is an Act of the Parliament of India enacted in 1986 to protect the interests of consumers in India