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GK Questions: Indian Economy – Set 16

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(Indian Economy) !!!

  1. The First long term fiscal policy first announced in
    1.1956
    2.1985
    3.1975
    4.1963
    5.None of these
    Answer – 2.1985
    Explanation :
    The Long-term Fiscal Policy announced by the Government of India in 1985

  2. …………………… is a progressive tax
    1.Entertainment tax
    2.Sales tax
    3.Customs duty
    4.Income tax
    5.None of these
    Answer – 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

  3. 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 these
    Answer – 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.

  4. Pradhan Mantri Jan Dhan Yojana was launched in ……………..
    1.2013
    2.2016
    3.2015
    4.2014
    5.None of these
    Answer – 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

  5. 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 these
    Answer – 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

  6. Silver Revolution is related to ……….
    1.Water
    2.Potato
    3.Cotton
    4.Egg
    5.None of these
    Answer – 4.Egg
    Explanation :
    Th e silver revolution refers to the period in which the production of eggs was tremondously increased.

  7. …………………. 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 these
    Answer – 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

  8. 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 these
    Answer – 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

  9. 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 these
    Answer – 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.

  10. ………………….. is not a cause of rural departments
    1.High wages
    2.Unemployment
    3.Purchase of seeds
    4.High consumption expenditure
    5.None of these
    Answer – 1.High wages
    Explanation :
    High wages is not a cause of rural departments





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