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GK Questions: Indian Economy – Set 21

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. MAT stands for
    1.Minimum Alternate Tax
    2.Minimum Average Tax
    3.Maximum Alternate Tax
    4.Medium Alternate Tax
    5.None of these
    Answer – 1.Minimum Alternate Tax
    Explanation :
    MAT stands for Minimum Alternate Tax and AMT stands for Alternate Minimum Tax. Initially the concept of MAT was introduced for companies and progressively it has been made applicable to all other taxpayers in the form of AMT

  2. The data of estimation of India’s National Income are issued by ……………………..
    1.Fianace Ministry
    2.Central Statistical Organization
    3.NITI Aayog
    4.RBI
    5.None of these
    Answer – 2.Central Statistical Organization
    Explanation :
    The data of estimation of India’s National Income are issued by Central Statistical Organization

  3. Land Development Programme was established in the year
    1.1920
    2.1917
    3.1910
    4.1919
    5.None of these
    Answer – 4.1919
    Explanation :
    Land development(1919) refers to altering the landscape in any number of ways such as: Changing landforms from a natural or semi-natural state for a purpose

  4. Primary Co-operative committees provide credit for …………..
    1.Depend upon the reason
    2.Long Period
    3.Short Period
    4.Either 2 or 3
    5.None of these
    Answer – 3.Short Period
    Explanation :
    Primary Co-operative Committees provide credit for short period.

  5. State Co-operative Agriculture and Rural Development Banks provide credit for …………..
    1.Depend upon the reason
    2.Long Period
    3.Short Period
    4.Either 2 or 3
    5.None of these
    Answer – 2.Long Period
    Explanation :
    State Co-operative Agriculture and Rural Development Banks provide credit for  Long Period (3-15 years)

  6. NABARD is the apex institution of ………………
    1.Rural Credit
    2.Urban Credit
    3.Reconstructive Credit
    4.Health Credit
    5.None of these
    Answer – 1.Rural Credit
    Explanation :
    National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, having headquarters in Mumbai (Maharashtra) and other branches are all over the country.

  7. NABARD was established in …………….
    1.1975
    2.1982
    3.1958
    4.1962
    5.None of these
    Answer – 2.1982
    Explanation :
    National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institutional development and other innovative initiatives.

  8. In which year National Agriculture Insurance Scheme was implemented ?
    1.1999
    2.1988
    3.1976
    4.2001
    5.None of these
    Answer – 1.1999
    Explanation :
    The CCIS has been replaced by the National Agriculture Insurance Scheme.It was introduced in 1999.

  9. Authorized share Capital of NABARD was …………….
    1.Rs.300 Cr
    2.Rs.400 Cr
    3.Rs.500 Cr
    4.Rs.1000 Cr
    5.None of these
    Answer – 3.Rs.500 Cr
    Explanation :
    Authorized share Capital of NABARD was  Rs.500 Cr

  10. National Bank for Agriculture and Rural Development(NABARD) establishment is based on the recommendations of …………………………
    1.Narayanan Committee
    2.Ravishankar Committee
    3.Shankar Committee
    4.Shivraman Committee
    5.None of these
    Answer – 4.Sivaraman Committee
    Explanation :
    SIVARAMAN, conceived and recommended the establishmentof theNational Bank for Agriculture and Rural Development (NABARD).





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