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) !!!
- The First long term fiscal policy first announced in
1.1956
2.1985
3.1975
4.1963
5.None of theseAnswer – 2.1985
Explanation :
The Long-term Fiscal Policy announced by the Government of India in 1985 - …………………… is a progressive tax
1.Entertainment tax
2.Sales tax
3.Customs duty
4.Income tax
5.None of theseAnswer – 4.Income tax
Explanation :
A progressive tax is a tax that takes a larger percentage from the income of high-income earners than it does from low-income individuals. Ex – Income tax - On-line Tax Accounting System(OLTAS) for which of the following ?
1.Indirect tax
2.Customs Duty
3.Direct tax
4.All of these
5.None of theseAnswer – 3.Direct tax
Explanation :
OLTAS refers to On-line Tax Accounting System (OLTAS) for Direct Taxes.The direct taxes include the Income Tax and Corporate Taxes, which are directly levied from the concerned people and organizations. - Pradhan Mantri Jan Dhan Yojana was launched in ……………..
1.2013
2.2016
3.2015
4.2014
5.None of theseAnswer – 4.2014
Explanation :
Pradhan Mantri Jan Dhan Yojana (PMJDY), the biggest financial inclusion initiative in the world, was announced by the Hon’ble Prime Minister Shri Narendra Modi on 15thAugust 2014 - Beti Bacho, Beti Padho Yojana was launched with an initial corpus of
1.Rs.100cr
2.Rs.500cr
3.Rs.1000cr
4.Rs.200cr
5.None of theseAnswer – 1.Rs.100cr
Explanation :
Beti Bachao, Beti Padhao is a Government of India scheme that aims to generate awareness and improving the efficiency of welfare services meant for women.
Launched: 22 January 2015 , Initial: Rs.100cr - Silver Revolution is related to ……….
1.Water
2.Potato
3.Cotton
4.Egg
5.None of theseAnswer – 4.Egg
Explanation :
Th e silver revolution refers to the period in which the production of eggs was tremondously increased. - …………………. is not a viewed as a national debt
1.National Saving Certificate
2.Life Insurance Policies
3.Provident Fund
4.Government Bonds
5.None of theseAnswer – 1.National Saving Certificate
Explanation :
National debt is the total amount owed by a government to its creditors.National Saving Certificate is not a viewed as a national debt - The Consumer Price Index measures changes in retail prices on
1.Weekly basis
2.Yearly basis
3.Monthly basis
4.Quarterly basis
5.None of theseAnswer – 3.Monthly basis
Explanation :
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households on monthly basis - Which of the following committee was setup to look into the problems of small scale industries ?
1.Narasimham Committee
2.Abid-Hussain Committee
3.Ad-hoc committee
4.Kapur Committee
5.None of theseAnswer – 2.Abid-Hussain Committee
Explanation :
Abid-Hussain chaired six important committees set up by the Government of India covering Trade Policy Reforms; Project Exports; CSIR Review Committee for Development of Science and Technology; Textile Policy of the Government of India; Development of Capital Market; and Small Scale Industry. - ………………….. is not a cause of rural departments
1.High wages
2.Unemployment
3.Purchase of seeds
4.High consumption expenditure
5.None of theseAnswer – 1.High wages
Explanation :
High wages is not a cause of rural departments
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