Indian Economy MCQs

21. Which among the following bodies estimates the national income of India?
[A] Office of the Economic Advisor
[B] Ministry of Statistics
[C] Central Statistical Office
[D] Ministry of Finance

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22. A Committee on Tax on Agricultural Wealth and Income recommended a progressive Agricultural Holding Tax (AHT) in 1972.What is the name of this committee?
[A] Bhootlingam Committee
[B] K N Raj Committee
[C] Wanchoo Committee
[D] Khusrau Committee

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23. Which of the following scheme was launched under the slogan ” Garibi hatao”?
[A] Jawahar Rozgar Yojna
[B] Twenty point programme
[C] Bharat Nirman
[D] NREGA

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24. High Powered Committee under the Chairmanship of Dr. D.R. Mehta, which was constituted in 1993 was related to which of the following?
[A] Financial Sector Reforms
[B] Tax Reforms
[C] Education Reforms
[D] Integrated Rural Development Programme

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25. Who among the following headed the National Committee for Promotion of Social and Economic Welfare ?
[A] Raja Chelliah
[B] Justice P.N. Bhagwati
[C] Rakesh Mohan
[D] Justice Malimath

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26. Hang-Seng is share market index at which of the following?
[A] Shanghai
[B] Hong Kong
[C] Seoul
[D] Tokyo

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27. In which of the following situations the “Investment” will increase?
[A] Increase in output and decrease in capital stock
[B] decrease in output and increase in capital stock
[C] Increase in output and increase in capital stock
[D] decrease in output and decrease in capital stock

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28. Which among the following is not a power of RBI?
[A] inspection of banks
[B] Nationalization of Banks
[C] Call of returns
[D] Control the lending policies of the banks

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29. In which year Prime Minister’s national Council on Skill Development was set up?
[A] 2004
[B] 2005
[C] 2006
[D] 2008

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30. The irrigation component of which of the following aimed creation of irrigation potential of 10 million hectare in four years?
[A] Eleventh Five year Plan
[B] Bharat Nirman
[C] Accelerated Irrigation Benefits Program
[D] National project for repair, Renovation, and Restoration of water bodies

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