Indian Economy MCQs

81. Various sections of Income Tax Act such as Section 80C, 80CCC and 80CCD give tax deduction up to Rs. 1 Lakh in lieu of investments in various saving instruments. In this context, Investment in which among the following will allow a person additional tax deduction apart from this limit of Rs 1 lakh?
[A] Provident Fund (PF) & Voluntary Provident Fund (VPF)
[B] Equity Linked Savings Scheme (ELSS)
[C] National Savings Certificate (NSC
[D] Long Term Infrastructure Bonds

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82. In context with the operation of a transport business from scratches, which among the following mode would follow the Highest Fixed Cost and Lowest Running Cost?
[A] Road
[B] Rail
[C] Water
[D] Pipe line

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83. The implementation of which among the following programmes is/ was based upon the concept of the Self Help Groups (SHGs)?
[A] National Rural Employment Guarantee Act
[B] Sampoorna Grameen Rozgar Yojna
[C] Swarna Jayanti Gram Swarozgar Yojna
[D] National Food for Work Programme

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84. Who among the follwoing is known to have mooted the idea of Food Coupons?
[A] C Rangrajan
[B] V Subbarao
[C] Nandan Nilkeni
[D] Kaushik Basu

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85. Collateralized Borrowing and Lending Obligation (CBLO) is a ____?
[A] Money Market Instrument
[B] Monetary Policy Instrument
[C] Investment fund
[D] Capital Market Instrument

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86. The competitive devaluation by the countries would badly affect which among the following?
[A] Exporters
[B] Importers
[C] Traders
[D] Service Providers

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87. Dr. N.C. Saxena Committee was set up by the Ministry of Rural Development to advise it on

  1. Suitable methodology for BPL Census
  2. Estimation of poverty

Choose the correct option:

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

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88. The investment in Plant & Machinery up to which among the following amounts in India is called a Tiny Unit in India?
[A] Rs. 5 Lakh
[B] Rs. 10 Lakh
[C] Rs. 15 Lakh
[D] Rs. 25 Lakh

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89.  National Food Grain Movement Plan is primarily related to which among the following?
[A] Development of new seed varieties of food grains
[B] Opening food grain seeds villages
[C] Modernization of Public Distribution System
[D] All the above

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90. UDYAMI helpline is for?
[A] Large capital Industries
[B] Female entrepreneur
[C] Farmers introducing technology in Farming
[D] Micro, small & medium size enterprises

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