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Indian Economy - General Knowledge Multiple Choice Questions and Answers | Page-5

Questions
41 For which tax, was constitutional status given much later after its introduction in a small way in 1994-95?
A Income Tax
B Taxes on Services
C Corporation Tax
D Customers Duty

Answer: Option [B]
42 Social accounting system in India is classified into
A Enterprise, households and government
B Assets, liabilities and debt position
C Income, product and expenditure
D Public sector, private sector and joint sector

Answer: Option [C]
43 Which Five Year Plan duration was of four years only?
A Third
B Fourth
C Fifth
D Seventh

Answer: Option [C]
44 The First Five Year Plan of the Government of India was based on
A Harrod-Domar model
B Mahalanobis four-sector model
C Leontief input-output model
D Mahalanobis two-sector model

Answer: Option [A]
45 SEBI was set up in
A 1985
B 1986
C 1987
D 1988

Answer: Option [D]
46 What is NABARD’s primary role?
A To act as re-finance institution
B To provide term loans to state co-operative banks
C To assist state governments for share capital contribution
D All of the above

Answer: Option [D]
47 Which of the following PSUs has been privatized?
A HZL
B CMC
C NALCO
D Hotel Corporation of India

Answer: Option [A]
48 What is the purpose of the India Brand Equity Fund?
A To organize trade fairs
B To make ‘Made in India’ a label of quality
C To promote in-bound tourism
D To provide venture capital to IT sector

Answer: Option [B]
49 The best way, a bank can avoid loss is to
A Accept sound collateral
B Give only short-term loans
C Lend only to bank’s old customers
D Lend only to individuals known to the bank

Answer: Option [A]
50 Which of the following is not an objective of the monetary policy of the RBI?
A Boost economic development
B Control inflationary pressure
C Ensure social justice
D Direct credit in desirable direction

Answer: Option [C]

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